🛠️ Tool
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India
Free
Beginner
A public sector bank's startup account with its full schedule of charges: the quarterly average balance is waived for the first 18 months, then Rs 1 lakh is required, and DPIIT recognition is optional.
IOB Startup Current Account
From iob.bank.in by Indian Overseas Bank Scheme page
- The waiver is 18 months; after that the quarterly average balance is Rs 1 lakh.
- Non-maintenance after 18 months costs Rs 500 plus GST a quarter.
- Open to Pvt Ltd companies, registered partnerships, LLPs and OPCs under 10 years old.
