State Bank of India

State Bank of India offers the SBI Regular Current Account for the day-to-day settlements of businesses. The listed services are current accounts, cash transactions and YONO Business, the bank's corporate support channel.

Payment channels and charges Transfers run over NEFT and RTGS. The bank publishes separate charges for transfers made in a branch and online. Online RTGS is shown as free without a limit. A non-maintenance charge of INR 500 plus GST per month is listed, and an account keeping charge of INR 550 plus GST, though how often the latter applies is not clear from the extract.

Services Current accounts, cash transactions and the YONO Business digital channel make up the stated offer. The stated client type is businesses.

What to clarify Average balance requirements, cash handling limits, supported currencies and onboarding documents are not in the available facts. Companies should obtain the full schedule of charges and ask what a non-maintenance charge means for their balance profile.

Who it suits Indian firms that want an operating account with the country's largest public-sector bank, make frequent online RTGS transfers and can use a digital banking channel for corporate payments.