Stay ahead of the curve: 8 business bank accounts you need in 2023

In 2023, businesses seek top online bank accounts like State Bank of India, Axis Bank, ICICI Bank, HDFC Bank, and others for seamless financial management.

Bank Accounts

In the online business world, businesses looking to stay ahead of the curve must be able to manage their finances seamlessly. This makes choosing the right business account crucial. In this blog, we will explore the best online business accounts in 2023. Let's dive in!

Also Watch: Best zero balance bank accounts


  • Online businesses look for bank features such as convenience, ease of use, and innovativeness.

  • A multi-faceted bank account is necessary for managing finances seamlessly.

  • Choosing banking and trade services is crucial to financial planning. 


Eight Best Business Accounts in 2023

1. State Bank of India


a. Easy online banking and mobile banking 

b. Access to various financial services, such as NEFT, RTGS, UPI, etc.

c. Competitive interest rates 


Account management fees for chequebook issues and financial transfers.

2. Axis Bank Business Classic Account 


a. Suitable for SMEs and MSMEs

b. Access to working capital loans and trade finance 

c. Dedicated relationship manager 


Maintenance charges after one year, with transaction and other service charges. 

3. ICICI Bank Business Advantage Account 


a. Advanced online and mobile banking services

b. Customised banking solutions

c. Access to business loans 

d. Tiered interest rates


Charges for NEFT/RTGS, chequebook issuance, and account maintenance. 

4. HDFC Bank Business Growth Account


a. Zero balance account opening 

b. Customised trade and forex services 

c. Access to credit and loans 


Account maintenance charge after six months and transaction-based charges.

Also Read: Features and benefits of different types of bank accounts in India

5. Kotak Mahindra Neo Current Account 


a.Personalised banking 

b. Low minimum balance requirements 

c.  High daily purchase limits 

d. Attractive returns on idle funds with ActivMoney

e. Free NEFT, RTGS, net, mobile, and phone banking, 


Rs 1,200 non-maintenance charges if the average quarterly balance (AQB) is less than 50%.

6. IDFC First Current Account 


a. Best-in-class net banking and mobile banking 

b. POS, QR, and payment gateway facility 

c. Free cash deposit limit Rs 12 lakhs per month 

d. Free Visa Signature Card 

e. 1 lakh AMB requirement 


No monthly charges up to 12 lakhs per month. 

7. Punjab National Bank Current Account


a. Wide branch network

b. Robust online banking and specialised services 

c. Competitive interest rates

d. Multiple account formats 


Maintenance and transaction-based charges. 

Also Read: Digital saving bank account vs. regular saving bank account 

8. Bank of Baroda MSME Advantage Account 


a. Suitable for small, micro, and medium businesses

b. Multiple account types

c. Bulk fund transfers, credit facility, and tax payments 

d. Dedicated relationship manager 


Account maintenance and other service charges. 


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