Check Eligibility Criteria for NEO Current Account | Kotak Mahindra Bank
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
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Frequently Asked Questions

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How can I open Neo Current Account?

Opening a Neo Current Account, a low minimum balance Current Account is a simple and straightforward process.

Simply click on 'Apply Now' and embark on your journey with a Neo Current Account.

Is Current Account mandatory for small business?

A Current Account for a small business is a fundamental necessity for managing cash flow effectively. It provides a streamlined way to handle transactions, making it an essential tool for thriving small businesses.

How does a small business open a Current Account?

Neo Current Account is best suited for small businesses.

Click 'Apply Now'. Our dedicated team will guide you through opening your Neo Current Account.

What are the non-maintenance charges (NMC) applicable in NEO Current Account?

In Neo Current Account, Non-Maintenance Charges are ₹1,200 if the Average Quarterly Balance (AQB) is less than 50%.

If the AQB in Neo Current Account is ≥ 50% but < 100% of the required product AQB, the charges are Rs. 750. For more detailed information about Current Account charges, please click here.

How can I open Neo Current Account?

Yes, having a Current Account for Sole Proprietorship is highly beneficial.

It helps separate personal and business funds, which is crucial for effective financial management.

How do I open a Current Account for my firm?

Opening a Current Account for your business is a straightforward process.

Click 'Apply Now'. Our dedicated team will assist you.

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