Best Guide on How to Choose the Right Current Account for Your Business
May 26, 2025
In today's dynamic business environment, selecting the appropriate current account is important for efficient financial management. Ujjivan Small Finance Bank (SFB) offers a diverse range of current accounts tailored to meet the specific needs of various business types, from start-ups to large enterprises. Each product is meticulously designed to meet your unique business requirements. Let’s understand the types of current accounts offered by Ujjivan and their features.
Which Ujjivan Current Account May Suit Your Business?
Account features, balance requirements, transaction limits and charges vary by product variant and may be revised periodically. Compare these factors with your usual transaction volume and check the relevant product page and latest Schedule of Charges before selecting an account.
1. Regular Current Account
Ideal For: The Regular Current Account may suit start-ups and small businesses with straightforward day-to-day banking requirements.
Key Features:
- Minimum Average Balance (MAB): ₹5,000
- ATM Withdrawal Limit: ₹50,000/day
Card purchase limit of up to ₹1 lakh per day
- Free Cash Deposit Limit: Up to ₹1.5 lakh/month
- Free Cheque Leaves: 25 per quarter
- Unlimited free ATM transactions at Ujjivan SFB ATMs
- Doorstep cash and cheque pick-up in select cities
- 24/7 customer support in preferred languages
2. Premium Current Account
Ideal For: The Premium Current Account may suit growing businesses that require higher transaction limits and additional banking facilities.
Key Features:
- MAB: ₹10,000
- ATM Withdrawal and 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
- Free NEFT, RTGS, and IMPS transactions
- RuPay Classic Debit Card with six free transactions at non-bank ATMs
3. Business Edge Current Account
Ideal For: The Business Edge Current Account may suit businesses with higher transaction volumes and more frequent banking requirements.
Key Features:
- MAB: ₹25,000
- ATM Withdrawal Limit: ₹1.5 lakh/day
- Cash Deposit Limit: Up to 20 times the MAB
- Free Cheque Leaves: 150 per quarter
- Free RTGS and NEFT transactions
- Waiver on CMS charges with proper balance maintenance
- RuPay Platinum Debit Card with lounge access
- Unlimited free transactions at Ujjivan SFB ATMs and 10 free transactions/month at other bank ATMs
4. Privilege Current Account
Ideal For: The Privilege Current Account may suit businesses looking for higher transaction limits and additional cash-management facilities.
Key Features:
- MAB: ₹50,000
- Cash Deposit Limit: Define your own with Flexi Next/Now
- Free Cheque Leaves: 200 per quarter
- Unlimited cash withdrawals from any branch
- Free CMS services
- RuPay Platinum Debit Card with complimentary lounge access and ₹10 lakh personal accident insurance
5. Maxima Current Account
Ideal For: The Maxima Current Account may suit businesses that maintain higher balances and require enhanced cash deposit and transaction facilities.
Key Features:
- MAB: ₹1 lakh
- Cash Deposit Limit: Define your own with Flexi Next/Now
- Higher ATM withdrawal/POS transaction limit of ₹5 lakhs/day
- Beyond Banking services including account services, tax payment, HR payroll, etc.
- RuPay Select Debit Card with exclusive merchant offers, airport lounge access, and a premium health check-up
6. Digital Current Account
Ideal For: The Digital Current Account may suit eligible businesses seeking an online account-opening process and access to digital banking services.
The Digital Current Account is a unique product that has all the best features of the other current accounts packed into one. You can open the account from anywhere, anytime*, flexible cash deposit limit, zero installation and rental on POS, etc.
Final Thoughts
Selecting the right current account is pivotal for your business's financial efficiency and growth. Ujjivan SFB's diverse offerings ensure that businesses of all sizes and types can find an account that aligns with their specific needs. Evaluate your business requirements, transaction volumes, and desired banking features to make an informed decision.
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.
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