Bandhan Bank Current Account: A Comprehensive Guide

A Bandhan Bank Current Account is a business account offering high‑volume transactions, digital banking, cash limits, overdrafts, and value‑added benefits.

Bandhan Bank is one of India’s leading private sector banks, recognised for its customer-centric approach and diverse range of financial offerings. Established in 2015, the bank has grown rapidly, offering various banking solutions for individuals, businesses, and enterprises. It has gained a strong reputation for its microfinance initiatives and commitment to financial inclusion.

Importance of Current Accounts for Businesses and Professionals

A current account is essential for businesses, professionals, and startups as it facilitates smooth financial transactions. It allows businesses to handle high transaction volumes, offers benefits like overdraft facilities, and provides digital banking solutions that streamline day-to-day financial operations.

Types of Bandhan Bank Current Accounts

Bandhan Bank offers a range of current accounts to cater to diverse business needs. The five major types are:
 

1. Biz Deluxe Current Account
    
2. Biz Pro Current Account
    
3. Startup CA
    
4. Biz Premium Current Account
    
5. Biz Elite Current Account
    

Each of these accounts is designed to meet the unique financial needs of different types of businesses, from startups to established enterprises.

Key Features of Bandhan Bank Current Account

Bandhan Bank offers a range of current accounts tailored to meet the diverse needs of businesses, startups, and professionals. Each account type is designed to provide seamless financial transactions, digital banking solutions, and additional benefits like free cheque leaves, high cash deposit limits, and exclusive banking privileges. Below are the key features of Bandhan Bank’s current accounts with detailed explanations and examples: 

1. Tailored Solutions for Businesses of All Sizes

Bandhan Bank understands that different businesses have unique financial needs. Whether you are a small startup, a mid-sized enterprise, or a large corporation, the bank provides current accounts that match your transaction volume and operational requirements.

For example, a newly established startup with minimal initial capital can opt for the Startup Current Account, which has NIL Monthly Average Balance (MAB) for the first year. This ensures that entrepreneurs can focus on growing their business without worrying about account maintenance fees.

2. High Cash Deposit Limits

Businesses dealing with high cash volumes need accounts that allow large deposits without extra charges. Bandhan Bank provides generous cash deposit limits across its current account options:
 

• Biz Deluxe Account: Cash deposit limit of ₹6 lakh or 15 times of last month’s MAB, whichever is higher, with a maximum cap of ₹15 lakh per month.
   
• Biz Elite Account: Allows deposits up to 12 times the MAB, with a maximum of ₹1 crore per month.

For example, a retail store that handles significant cash transactions daily would benefit from the Biz Elite Current Account, as it enables them to deposit large sums without additional fees.

3. Free and Discounted Banking Transactions

To facilitate smooth financial operations, Bandhan Bank offers a variety of free or discounted banking transactions. These include:
 

• NEFT, RTGS, and IMPS Transactions:
   
  • Startup CA: Unlimited free transactions.
     
  • Biz Pro Account: 50 free transactions per month.
     
  • Biz Elite Account: Unlimited free NEFT, RTGS, and IMPS transactions.
     
• Cheque Book Facility:
   
  • Biz Deluxe Account: 200 free cheques per month.
     
  • Biz Elite Account: 2,000 free cheques per month.
     
• Demand Draft (DD) and Cheque Collection:
   
  • Biz Elite Account holders get unlimited free demand draft issuance, modification, and cancellation services.

For example, a logistics company that makes regular payments to vendors through cheques and RTGS transfers can opt for the Biz Elite Account, which provides unlimited free transactions and cheque books.

4. Digital Banking Convenience

Bandhan Bank ensures that businesses can manage their accounts seamlessly through multiple digital banking solutions:
 

• Net Banking & Mobile Banking: Businesses can monitor transactions, transfer funds, and download statements using mBandhan App and Retail/Corporate Internet Banking.
   
• BHIM UPI/Bharat QR Integration: Instant payments can be made through UPI platforms without additional transaction fees.
   
• 24/7 Customer Support: Account holders can access a dedicated helpline for assistance with online transactions and account-related queries.

For example, an e-commerce business can use Bandhan Bank’s Payment Gateway (free setup for Startup CA holders) to integrate with their website for seamless online transactions.

5. Overdraft Facility & Business Loans

For businesses needing additional financial support, Bandhan Bank provides overdraft and loan facilities:
 

• Overdraft Facility: Available for Biz Deluxe, Biz Pro, Biz Premium, and Biz Elite account holders.
   
• Business Loan Discounts:
   
  • Biz Deluxe & Biz Pro Accounts: 50% waiver on processing charges for retail loans.
     
  • Biz Premium Account: 75% waiver.
     
  • Biz Elite Account: 100% waiver.

For example, a manufacturing firm needing working capital to buy raw materials can opt for an overdraft facility through Biz Premium Account, ensuring liquidity without disrupting operations.

6. Exclusive Privileges & Additional Benefits

Certain Bandhan Bank current accounts offer premium privileges, including relationship managers, insurance benefits, and free business debit cards:
 

• Biz Elite Account:
   
  • Dedicated Relationship Manager for personalized banking services.
     
  • Personal Accidental Death Insurance: ₹1 crore for air accidents and ₹10 lakh for road/rail accidents.
     
  • Purchase Protection Insurance: Up to ₹2 lakh for debit card transactions
    .
  • Free Business Elite Visa Platinum Debit Card with additional travel and lifestyle benefits.

For example, a high-net-worth individual (HNI) running a chain of restaurants would benefit from the Biz Elite Account, as it provides insurance coverage and a dedicated banking relationship manager.

7. Any-Branch Banking & Nomination Facility

Account holders can conduct transactions at any Bandhan Bank branch, irrespective of their home branch. Additionally, they can set a nominee for their account, ensuring smoother financial management in case of unforeseen circumstances.

• Example: A company with multiple offices across India can use any branch banking to deposit or withdraw funds from any Bandhan Bank branch without extra charges.

These detailed features ensure that Bandhan Bank’s current accounts are well-suited for businesses of all sizes, offering flexibility, convenience, and financial benefits.

Benefits of Bandhan Bank Current Account
 

The following table shows Monthly Average Balance (MAB) by account and how the Startup CA can free idle capital: 

Matching MAB to business stage preserves cash and boosts returns.

Bandhan Bank Current Account Charges & Fees

Each Bandhan Bank Current Account type has specific charges and fees associated with its usage. Below are the details:
 

1. Monthly Average Balance (MAB) Requirement:
 

• Biz Deluxe Current Account: ₹40,000
   
• Biz Pro Current Account: ₹10,000
   
• Startup CA: NIL for the first year; ₹25,000 thereafter
   
• Biz Premium Current Account: ₹1,00,000
   
• Biz Elite Current Account: ₹5,00,000
   

2. Cash Deposit Limits (per month):
 

• Biz Deluxe Current Account: ₹6,00,000 or 15x last month's MAB (whichever is higher) up to a maximum of ₹15,00,000.
   
• Biz Pro Current Account: ₹10,00,000 or 15x last month's MAB (whichever is higher) up to ₹25 lakh.
   
• Startup CA: ₹15,00,000 or 20x last month's MAB (whichever is higher) up to ₹30,00,000.
   
• Biz Premium Current Account: ₹25,00,000 or 20x last month's MAB.
   
• Biz Elite Current Account: 12x MAB, with a maximum of ₹1 crore.
   

3. Transaction Fees:
 

• NEFT/RTGS/IMPS/DD transactions:
   
  • Biz Deluxe: Free up to 100 transactions per month.
     
  • Biz Pro: Free up to 50 transactions per month.
     
  • Startup CA: Unlimited free transactions.
     
  • Biz Premium: Free up to 100 transactions per month.
     
  • Biz Elite: Unlimited free transactions.
     
• Cheque book issuance:
   
  • Biz Deluxe: 200 free cheques per month.
     
  • Biz Pro: 50 free cheques per month.
     
  • Startup CA: 100 free cheques per month.
     
  • Biz Premium: 500 free cheques per month.
     
  • Biz Elite: 2,000 free cheques per month.
     

4. Additional Fees and Charges:
 

• Overdraft Processing Fees: Charges may vary based on the loan amount and account type.
   
• ATM Withdrawals:
   
  • Biz Deluxe & Biz Pro: Unlimited free at Bandhan Bank ATMs, limited free transactions at other bank ATMs.
     
  • Startup CA: Unlimited withdrawals at any ATM.
     
  • Biz Premium & Biz Elite: Unlimited free ATM withdrawals.
     
• Other Services:
   
  • Free issuance, modification, and cancellation of demand drafts (Biz Elite).
     
  • Business Debit Card issuance (Biz Elite - Visa Platinum Debit Card).
     
  • Loan processing fee waivers are available based on account type.

Prefer accounts whose perks match your risk profile and payment style.

Bandhan Bank Current Account Eligibility & Required Documents

Bandhan supports common legal entity types with standard KYC documentation: 

Eligibility:
 

• Private limited companies
   
• Public limited companies
   
• Sole proprietorships
   
• Partnerships
   
• Limited liability partnerships (LLPs)

Required Documents:
 

• Business registration proof (Certificate of Incorporation, GST registration, etc.)
   
• PAN card of the entity and authorised signatories
   
• KYC documents of proprietors/partners/directors
   
• Business address proof
   
• Bank statement of the last six months (if applicable)
   

Clear eligibility and documentation help teams open accounts without delay.

How to Open a Bandhan Bank Current Account?
 

Opening the account is straightforward online or at a branch.
 

1. Choose the Right Current Account: Based on business needs.
    
2. Visit the Nearest Bandhan Bank Branch using the branch locator or Apply Online; for this visit the official website of Bandhan bank: If you are visiting the branch, you can ask for the needed account form from the available representative. And if you are using the online mode, you can scroll down on the home page and find the “current accounts” section. From there, you can choose from a range of accounts that suit your needs the best, and click on “Apply now”, and then fill out the application form.
    
3. Submit Necessary Documents: As per the eligibility criteria.
4. Account Verification and Approval: The bank will review and approve your application.
    
5. Start Using Your Current Account: Once activated, you can begin transactions.

A planned application with documents ready shortens the go‑live time.

Bandhan Bank Current Account vs Competitor Banks
 

This comparison shows how Bandhan stacks up against large peers on common factors: 

Bandhan’s combination of waivers, free gateway setup, and unlimited slabs (on select tiers) is competitive for MSMEs and growth firms.

Conclusion

Bandhan Bank’s current accounts provide businesses with tailored financial solutions, high cash deposit limits, extensive digital banking services, and premium privileges. 

Whether you are a startup, SME, or large enterprise, Bandhan Bank ensures seamless banking operations, helping businesses grow efficiently.

For more details, visit your nearest Bandhan Bank branch or explore online banking options today.

FAQs
 

1. What is the minimum balance requirement for Bandhan Bank Current Accounts?
The minimum balance requirement varies by account type. For instance, the Startup CA has a NIL MAB for the first year, then ₹25,000.

2. Are there any free transactions included?
Yes, accounts come with a specific number of free NEFT/RTGS/IMPS/DD transactions.

3. What is the eligibility criteria to open a Bandhan Bank Current Account?
Businesses like private limited companies, public limited companies, LLPs, and sole proprietorships are eligible.

4. Does Bandhan Bank provide overdraft facilities?
Yes, overdraft facilities are available for certain accounts.

5. How can I apply for a Bandhan Bank Current Account?
You can apply online or visit a Bandhan Bank branch with the required documents.

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.