Can current account have zero balance?

Yes, zero-balance current accounts can be opened by anyone.

What are the charges of Axis Bank current account?

Key fees on your Account

Can I maintain zero balance in Axis Bank?

Yes. Axis Bank offers a Zero Balance Savings Account also called Basic Savings Account as part of the Pradhan Mantri Jan-Dhan Yojana Scheme. The account offers benefits such as free cash deposits, access to over 4000 Axis Bank branches and 14,000+ ATMs across India and Internet and Mobile banking services.

What is current account in Axis Bank?

This account gives you customization facility, unlimited transactions and unlimited cash withdrawal at home & non-home branches. You can also enjoy seamless banking Anytime, Anywhere, with Axis Internet Banking and Mobile Banking apps for free.

What are the 4 types of current account?

Read more Current Account Minimum Balance here.

Packaged Current Account: The Packaged Current Account is one of those types of Current Account, which is in between the premium account and standard Current Account.
Foreign Currency Account :
Single Column Cash Book :

Which bank is best for current account?

Best Banks for Current Account

Does current have monthly fees?

No surprise charges. At Current, we believe in our members spending their hard-earned money on the things that matter most to them. We have no hidden fees², no overdraft fees, no minimum balance fees and no fees when you transfer money to other members on Current using your Current ~tag.

Does current have an annual fee?

You pay an annual subscription fee of $36 per teen. You can activate a 30-day free trial, and if you decide to keep using the card, the entire fee is charged automatically each year going forward. The only other fees charged by Current are a $3.00 international ATM fee and a 3% international transaction fees.

Does current charge annual fee?

You can open a Basic account through Current for free. A Premium account costs $4.99 per month and comes with access to premium features, including early direct deposit. Current Teen accounts cost $36 annually.21-Dec-2021

What is minimum balance in Axis India?

Axis Bank Minimum Balance Requirements 2,500 to Rs. 1,00,000/-.

What is free limit in Axis Bank?

Maximum Non-Home Branch Cash Deposit/withdrawal per day shall be 1 Lac.

Which bank has lowest minimum balance?

IndusInd Bank - Indus Online Savings Account Any Indian citizen above the age of 18 years is eligible to open this savings account with no minimum balance. Transfer funds for free via NEFT, IMPS, and RTGS. Avail of WhatsApp banking services and a free passbook, chequebook, and debit card.

What are the 3 types of current accounts?

Types of current accounts

Standard current accounts. Also known as an everyday current account, this type of account comes with a debit card and access to online banking.
Basic bank accounts.
Packaged bank accounts.
High-interest accounts.
Cashback current accounts.
Student bank accounts.

Can I get ATM card on current account?

ATM cards are given to individual current accounts, joint individuals and to the accounts of proprietary concerns. Get your ATM card have access to the wide network of ATMs across the country to withdraw cash, enquire about your balance, mini statement of accounts, recharging mobiles etc.

What are the benefits of Axis current account?

Paper Based. Pay using Cheque, DD at all Axis locations.
Cash Delivery. Online portal for cash withdrawal request at 1500+ locations including doorstep delivery facility.
Electronic Payments. Simplified solutions for e-payments.
BBPS Customer. Hassle free bill payments with AXIS MOBILE.

Is current account taxable?

As we mentioned earlier that a Current Account is a zero-interest account, there is no tax on Current Account.

What is the limit of current account?

Monthly Average Balance (MAB) Requirement on Basic Current Account of Different Banks

Is GST number required for current account?

The GSTIN is not mandatory when you set up your Current Account with any bank. However, when you register under the GST scheme, you do require a functional Current Account. Therefore the business owner does not have to pay GST on Current Bank Account set up or functioning.

Can a normal person get Current Account?

Current Accounts (C/As) can be opened by individuals, partnership firms, private and public limited companies, HUFs/ specified associations, societies, trusts etc. Formalities/procedures relating to introduction and opening of Current Accounts for individuals are same as those mentioned for Savings Bank Accounts.13-Sept-2019

Is current better than a bank?

Current and Chime are both digital-only financial companies offering impressive, modern features that traditional banks don't. This includes earlier direct deposit features, no-fee overdrafts, and "round-ups" to help you add to your savings. Current offers a better APY on savings.05-Dec-2022

What are the disadvantages of Current Account?

Disadvantages of checking accounts

No interest: While some checking accounts earn interest, most don't.
Fees: Another checking account disadvantage is that sometimes checking accounts have monthly fees.
Minimums: Some banks require you to keep a minimum balance in your checking account at all times.

Can current account have zero balance?