What is an SC StartUp Account?

The SC StartUp Account is just what you need to give your StartUp its big break. It is a Current Account that has been designed keeping in mind the growing needs of a StartUp and its ambitions. It offers enhanced transactional convenience with our Straight2Bank (S2B) platform, cheque pick-up facility, and debit card offerings.

What are the key features of an SC StartUp Account?

Single product variant with dynamic pricing. - AMB charge waiver for a year; post which there is a requirement to maintain INR 2 lacs Average Monthly Balance - Straight2Bank (corporate internet banking platform): A web-based platform (via internet) for conducting payments, trade and Forex transactions online. - Cash Management services: A receivable management solution aimed at providing speedy realization of outstation cheques with enhanced logistical support for management cheque collections. - e-Alert service: Provides the automated delivery of ITT/OTT and RTGS advice by email to the customer, as and when a remittance/RTGS transaction takes place in the customer's account. - Online tax payment facility.

How does the SC StartUp Account work?

The SC StartUp Account is simple and innovative without the rigidity of the variant system. Waiver on Average Monthly Balance (AMB) for 1 year, followed by which the requirement charges to a minimum INR 2 Lakhs AMB to be maintained. A fee for non-maintenance of balance is charged only if the AMB is below the mentioned threshold.

What are the value-added services that a client has access to along with a StartUp Account?

The SC StartUp Account gives you access to the Bank's partners in the fintech space for ease of transaction initiation through available API stacks.

Which entities are eligible for an SC StartUp Account?

Sole proprietors/proprietorship firms Partnership firms Public and Private companies (including closely-held limited companies) Others such as professionals, trusts, associations, societies, etc

How can I open an SC StartUp Account?

You need to submit the following documents at the time of opening your account: Account Opening Form Most Important Document (MID) Identity and proof of address Documents depending on the facilities sought (eg. trade, internet banking, doorstep banking etc.) You will be advised of any other documents required at the time of application

SC StartUp Account – Apply for a StartUp Current Account

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SC StartUp Account Benefits

Experience

connected banking

through API integration with fintech service providers
Bank seamlessly across

digital

channels with access to our suite of Business Banking products
Enjoy robust

payments & collections

solutions across domestic and international borders