IDEAL Tutorials

Please refer to our application checklist for the documents required.

In order for us to better understand the nature of your business, we do require a face-to-face meeting with you before we can open your Business Account.

Yes, a minimum balance must be maintained if you open an INR account. Exchange Earner’s Foreign Currency (EEFC) accounts that are opened in foreign currency require no minimum balance.

A fall-below fee will be deducted if your average quarterly credit balance is less than the minimum quarterly balance requirement. For more information, please refer to our pricing guide.

Your end-of-day credit balance is tracked throughout each quarter of the year. These balances are then added together and divided by the number of days in the quarter in order to determine your average daily balance. If your average quarterly balance falls below the minimum balance requirement for the account, then a fall-below fee will be deducted at the end of each quarter.

Business accounts function as current accounts and do not offer interests as recommended by the Reserve Bank of India (RBI).

There is no limit to the number of transactions you can conduct per day.