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Best Current Accounts in India: Simplify Your Business Transactions Needs a Current Account

July 03, 2025

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In the fast-evolving world of Indian business, having a reliable current account is more than just a financial necessity—it’s a strategic asset. According to the Reserve Bank of India (RBI), there were over 62 million current accounts in the country as of FY 2023, with the number growing steadily each year. This surge underscores the increasing reliance of Indian entrepreneurs, startups, and MSMEs on banking solutions that streamline their financial operations.

Unlike savings accounts, Current Accounts are specifically tailored for businesses that require high liquidity, unlimited transactions, cash handling facilities, and sophisticated banking tools. Whether you're a freelancer scaling up, a growing MSME, or an established enterprise, choosing the right current account can make a measurable difference in your financial efficiency and bottom line.

Ujjivan Small Finance Bank (SFB) offers a carefully curated suite of current accounts designed to support businesses at every stage of growth. Let's explore these six business-friendly accounts in detail.

6 Best Current Accounts Offered by Ujjivan Small Finance Bank

1. Digital Current Account

The Digital Current Account is ideal for tech-savvy businesses preferring online banking solutions.

Features:

100% digital journey
Flexible cash deposit limit
Designed for individuals
Multiple product variants

2. Premium Current Account

The Premium Current Account is designed for growing businesses requiring higher transaction limits and enhanced services.

Features:

MAB: ₹10,000
ATM & Shopping Limit: ₹1 lakh/day
Cash Deposit Limit: 10 times the previous month's MAB or ₹3 lakhs, whichever is higher
Free Cheque Leaves: 50 per quarter
Additional Benefits: Free NEFT, RTGS, and IMPS transactions RuPay Classic Debit Card with six free transactions at non-bank ATMs, etc.

3. Business Edge Current Account

The Business Edge Current Account is tailored for medium to large enterprises seeking advanced banking features.

Features:

MAB (Monthly Average Balance): ₹25,000
ATM Withdrawal Limit: ₹1.5 lakh/day
Cash Deposit Limit: Up to 20 times the MAB
Free Cheque Leaves: 150 per quarter
Additional Benefits: Free RTGS and NEFT transactions, waiver on CMS charges with proper balance maintenance RuPay Platinum Debit Card with lounge access, and unlimited free transactions at Ujjivan SFB ATMs and 10 free transactions/month at other bank ATMs

4. Privilege Current Account

The Privilege Current Account offers premium features for businesses desiring higher transaction limits and exclusive benefits.

Features:

MAB: ₹50,000
Cash Deposit Limit: Define your own with Flexi Next/Now
Free Cheque Leaves: 200 per quarter
Additional Benefits: Unlimited cash withdrawals from any branch, free CMS services, RuPay Platinum Debit Card with complimentary lounge access and ₹10 lakh personal accident insurance, etc.

5. Maxima Current Account

The Maxima Current Account is crafted for high-volume businesses requiring maximum flexibility and services.

Features:

MAB: ₹1 lakh
Cash Deposit Limit: Define your own with Flexi Next/Now
Additional Benefits: RuPay Select Debit Card, free CMS services, tailored solutions for large-scale operations, etc.

6. Regular Current Account

This account is ideal for startups and small businesses seeking straightforward banking solutions.

Minimum Average Balance (MAB): ₹5,000
ATM Withdrawal Limit: ₹50,000/day
Cash Deposit Limit: Up to ₹1.5 lakh/month
Free Cheque Leaves: 25 per quarter
Additional Benefits: Unlimited free ATM transactions at Ujjivan SFB ATMs, doorstep cash and cheque pick-up in select cities, 24/7 customer support in preferred languages, etc.

Why Your Business Needs a Current Account?

A current account isn't just a place to park your money—it's the financial backbone of your business. Here’s why:

Higher Transaction Limit: Most current accounts allow higher deposits and withdrawal limit, unlike savings accounts that have monthly transaction caps.
Cash Flow Management: They help manage daily business inflows and outflows seamlessly with tools like bulk payments, NEFT/RTGS, and cheque facilities.
No Interest Earnings, But High Utility: While they don’t earn interest, current accounts compensate by offering features like overdrafts, higher limits, and credit facilities.
Professional Image: Accepting and making payments from a business current account establishes credibility and professionalism with clients, vendors, and partners.
Tax Compliance & Auditing: Business expenses and incomes are better tracked for GST filings, audits, and IT returns, making compliance far easier.

Final Thoughts

Choosing the right current account is pivotal for seamless business operations. Ujjivan SFB's diverse offerings cater to various business sizes and needs, ensuring that every enterprise finds a suitable banking partner. Evaluate your business requirements and select the account that aligns best with your financial goals.

Open a Ujjivan SFB Current Account today and experience seamless transactions, customized banking solutions, and unmatched service—all designed to fuel your business growth. Visit your nearest Ujjivan SFB branch or apply online now!

Disclaimer:

The contents herein are only for informational purposes and generic in nature. The content does not amount to an offer, invitation or solicitation of any kind to buy or sell, and are not intended to create any legal rights or obligations. This information is subject to updation, completion, amendment and verification without notice. The contents herein are also subject to other product-specific terms and conditions, as well as any applicable third-party terms and conditions, for which Ujjivan Small Finance Bank assumes no responsibility or liability.

Nothing contained herein is intended to constitute financial, investment, legal, tax, or any other professional advice or opinion. Please obtain professional advice before making investment or any other decisions. Any investment decisions that may be made by the you shall be at your own sole discretion, independent analysis and evaluation of the risks involved. The use of any information set out in this document is entirely at the user’s own risk. Ujjivan Small Finance Bank Limited makes no representation or warranty, express or implied, as to the accuracy and completeness for any information herein. The Bank disclaims any and all liability for any loss or damage (direct, indirect, consequential, or otherwise) incurred by you due to use of or due to investment, product application decisions made by you on the basis of the contents herein. While the information is prepared in good faith from sources deemed reliable (including public sources), the Bank disclaims any liability with respect to accuracy of information or any error or omission or any loss or damage incurred by anyone in reliance on the contents herein, in any manner whatsoever.

To know more about Ujjivan Small Finance Bank Products Visit:"https://www.ujjivansfb.in"

All intellectual property rights, including copyrights, trademarks, and other proprietary rights, pertaining to the content and materials displayed herein, belong

to Ujjivan Small Finance Bank Limited or its licensors. Unauthorised use or misuse of any intellectual property, or other content displayed herein is strictly prohibited and the same is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person’s nationality, residence or otherwise) be contrary to law or registration or would subject Ujjivan Small Finance Bank Limited or its affiliates to any licensing or registration requirements.

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FAQs

1. What is the primary benefit of the Regular Current Account?

The Regular Current Account offers essential banking features with a low minimum balance requirement, making it ideal for startups and small businesses seeking cost-effective solutions.

2. How does the Premium Current Account support growing businesses?

With higher transaction limits and additional free services like NEFT, RTGS, and IMPS, the Premium Current Account caters to businesses experiencing increased financial activity.

3. What distinguishes the Business Edge Current Account from others?

The Business Edge Current Account provides enhanced transaction limits, free RTGS/NEFT, and exclusive benefits like lounge access, catering to medium to large enterprises.

4. Can I customize cash deposit limits in the Privilege Current Account?

Yes, the Privilege Current Account allows businesses to define their own cash deposit limits using Flexi Next/Now, offering greater flexibility in financial management.

5. What makes the Maxima Current Account suitable for high-volume businesses?

The Maxima Current Account is designed for large-scale operations, offering customizable cash deposit limits and comprehensive services to handle substantial transaction volumes.

6. Is the Digital Current Account entirely online?

Yes, the Digital Current Account provides complete online banking solutions, including Internet and Mobile Banking, ideal for businesses preferring digital transactions.

7. Are there any charges for non-home branch transactions in these accounts?

Most Ujjivan SFB current accounts offer free transactions at non-home branches, but it's advisable to check specific account details for any applicable charges.

8. Do these accounts offer any debit card benefits?

Yes, accounts like the Business Edge and Privilege Current Accounts provide RuPay Platinum Debit Cards with benefits like lounge access and personal accident insurance.

9. How can I open a current account with Ujjivan SFB?

You can open an account online through Ujjivan SFB's official website or visit the nearest branch with the required documents for assistance.

10. What happens if I don't maintain the required MAB?

Failing to maintain the stipulated MAB may attract non-maintenance charges. It's essential to review the terms of each account to understand the implications.

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Best Current Accounts in India: Simplify Your Business Transactions Needs a Current Account