Simplified Payment Gateway
Feature-rich payment gateway which you can integrate anywhere
Opening a current account is as easy as it gets
Ace business banking with a current account that's built for smart businesses like yours
Low average monthly balance
No hefty AMB. Pay zero for the 1st 3 months & only Rs.10,000 later
Waiver on transaction charges
Make payments only via NEFT & RTGS, absolutely free
Instant beneficiary addition
Add beneficiaries in minutes on the go & transfer money anytime anywhere
Easy bulk payouts
Seamlessly pay your vendors or employees with our bulk payouts solution
Enjoy Unparalleled Rewards
The more you use Open, the more you earn rewards that make perfect sense for your business
Automated Accounting
Focus on running your business while we automate your bookkeeping
Swift Expense Management
Handout expense cards & get a boss-level view of your team’s spend
Current account is just the start
Open's got all your business banking needs sorted
Got Questions?
Here is our FAQs section to help you understand all about our current account offering
I have a business current account with Open. Do I need to maintain an average monthly balance (AMB)?
Yes, you have to maintain an AMB of ₹ 10,000 in your account. But, the best part is that this AMB is waived off for the first 3 months.
Do I need to pay charges for non-maintenance of average monthly balance(AMB)?
Yes, we levy charges for non-maintenance of AMB. Here’s a detailed look at it:
If your AMB is less than 100% and greater than 50%, then you pay a monthly charge of ₹ 400.
If your AMB is less than or equal to 50%, then you pay a monthly charge of ₹ 500.
Do I get a cheque book?
You get a free 25 leaves cheque book upon account opening. You can request an additional free cheque book every month.
Do I need to pay any charges for local cheque clearing?
There is no charge levied for local cheque clearance.
Do I need to pay any charges for cheque clearing at an outstation bank branch?
Yes, we levy minimal charges for cheque clearance at an outstation branch.
For an amount up to ₹ 5,000, we charge ₹ 50
For an amount above ₹ 5000 to ₹ 10000, we charge ₹ 100
For an amount above ₹ 10,000 to ₹ 1,00,000, we charge ₹ 100
For an amount above ₹ 1,00,000, we charge and ₹ 150
Do I need to pay any charges for receiving payments online?
There are no charges on receiving payments online.
Do I need to pay any charges for making payouts via Open?
There are no charges when you are initiating an online NEFT or RTGS through Open.
However, in IMPS transactions there is a nominal charge of ₹ 5 if the amount is less than ₹ 50,000 and ₹ 15 if the amount is more than ₹ 50,000.
We don’t levy charges for making payouts online via RTG
In case of making payouts at a bank branch via RTGS, we charge a nominal fee.
For an amount between ₹ 2,00,000 to ₹ 5,00,000, we charge 20.
For an amount greater than ₹ 5,00,000 we charge ₹ 40.
Are there any charges when I do the transactions offline through bank branches?
Yes, there will be a nominal charge in the offline transactions, click here to know more.