Tool · Scheme page

IOB Startup Current Account

Indian Overseas Bank · iob.bank.in Free Beginner India

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.

  • 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.
Open on iob.bank.in ↗

The question it answers

  1. Which bank is best for a startup current account in India?

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