Current Account for Startups - New Economy Group

Current Account for New Economy Group, gives you customisation facility, unlimited transactions and unlimited cash withdrawal at home & non-home branches which makes it an ideal account for the modern start-ups. You can also enjoy seamless banking anytime, anywhere, with Axis Internet Banking and Mobile Banking apps for free.

Features & Benefits
Schedule of Charges
Documentation
Important Links
Terms & Conditions

Features & Benefits

Monthly average balance requirement – Nil
Monthly cash deposit limit - @ 10 times the monthly average balance maintained up to maximum of ₹50 lakhs/-
Cheque Book, DD/PO, Alerts, Standing instructions & Certificate of Balance - Free

Unlimited NEFT/RTGS transactions through all channels
Unlimited cash withdrawal within/outside the city
Debit Card: Business Platinum Debit Card

Schedule of Charges

Schedule of Charges

Key fees on your Account

Cheque related charges
Cheques Deposited at any Axis Bank branch for outstation collection	₹100/- Per Instrument
Cheque Return - Issued by Customer	1st two returns for the month – ₹550/-; 3rd return onwards for the month – Rs 750/-
Cheque Return - Deposited by Customer	1st return for the month – ₹50 2nd return onwards for the month – ₹100
Cheque Return - Deposited by Customer for Outstation Collection	Up to 10K - ₹50/- plus GST, Above 10K - ₹100/- plus GST

Demand Draft related charges
DD ( payable at Correspondent Bank locations under Desk Drawing arrangement)	Re 1.00/1,000 ; Min ₹25 per DD
DD purchased from other banks	Actual + ₹0.50/1,000; Min ₹100 per DD
DD drawn on Axis Bank branches- Cancellation , Reissuance or Revalidation	₹100/- per instance
DD drawn on Correspondent Bank branches- Cancellation , Reissuance or Revalidation	₹100/- per instance+ other bank's charges at actuals if any

Miscellaneous Charges
Account Statement - By post and e-mail	Free
Account Statement - Duplicate statement from Branch	₹100 per statement
Retrieval of old records or query	More than 1 year old : ₹100 per record/ query
Certificate of Balance	Current Year : Free, Previous year: Rs. 200
Mobile Alerts	Free
Signature Verification Certificate	Rs. 50 per verification
Stop Payment Charges	Per Instrument: Rs 50, Per Series: Rs 100
Account Closure Charges	Less Than 14 Days - NIL Older Than 14 Days - Rs 500

Click here to know the detailed Schedule of charges.

Constitution Wise Segment Wise

KYC Documentation for opening a Current Account

Sole Proprietorship

Entity and address proof of the firm
PAN card of the proprietor.
Address proof of the proprietor along with a recent passport-sized photograph.

Partnership

Entity and address proof of the firm.
PAN card of the proprietor.
Registration certificate of the firm with the registrar of firms
Partnership letter signed by all partners.
Address proof and ID proof of the partners, along with a passport-sized photograph stamp/seal of the firm.
Beneficial owner & FATCA declaration.

Limited Liability Partnership

Limited Liability Partnership Agreement
Certificate of incorporation
Pan card of the firm/ Form 60
List of all existing designated partners & designated partner identification number (DPIN) issued by the Central Government on letter head
Address proof of the entity
Board Resolution
Address Proof and Id proof of the Partners along with passport size photograph
Beneficial Owner & FATCA declaration

Public & Private Limited Companies

Pan card of the company
MOA, AOA & Certificate of Incorporation
Company Certificate of Commencement OR INC 21 along with ROC receipt (Public Ltd Co)
Address proof of the company
Board resolution
Address Proof and Id proof of the signatories along with passport size photograph
List of directors and their DIN
Beneficial Owner & FATCA declaration

KYC Documentation for opening a Current Account

Importer - Exporter

IEC Certificate apart from other documents

Arthiyas

APMC License Certificates

Important Links

Access essential information to guide you with ease.

Current Account Brochure

Download Forms

Calculators

Terms & Conditions:

All the terms are subject to change without any prior notice.
All the service charges will attract GST as applicable.
Monthly charges applicable in a Current Account will be based on the scheme code of that account in the current month.
Monthly Average Balance (MAB) or Average Quarterly Balance (AQB) is the average of day end balance maintained by the customer for the duration.

Note:

Please mention your Customer ID number in all the correspondence with the bank.
We would like to mention that, as a policy, Axis Bank will never ask you to disclose your Internet Banking password, login id and Debit Card number through emails or phone calls. Any such suspicious / spam mails, if received by you, should be forwarded to customer.service@axisbank.com
You can get in touch with us on our phone banking numbers - 1860 419 5555 and 1860 500 5555.
The ATM/Debit Card can be used at ATMs and retail outlets within India only.
To activate your ATM/Debit Card, swipe it once at your nearest ATM or shop with it. To enable online transactions, international usage, and contactless feature (for Business Supreme only), customise card limits, block and replace card, use Mobile or Internet banking whichever applicable to you or visit your nearest branch.
Ensure your card is used at least once in 3 months for Accident Insurance to remain active.
ATM transactions are chargeable on Business Classic Debit Card and first 5 ATM transactions after the first POS transaction are free on Business Platinum and Business Supreme Debit Card (for further details on transaction charges, please visit your nearest branch or refer to our website )
You can use your customer ID and Debit Card pin to generate your online password for Internet Banking on www.axisbank.com (applicable to retail internet banking users only).
For further details on product features and charges, please visit our website

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Current Account for Startups - New Economy Group

Features & Benefits

Schedule of Charges

KYC Documentation for opening a Current Account

KYC Documentation for opening a Current Account