Choosing the right current account plays a pivotal role in the efficient financial management of your business. Kotak Mahindra Bank and HDFC Bank offer a variety of current accounts for various startup needs, SMEs, and large enterprises. This detailed overview provides a comparison between Kotak vs HDFC current account features, charges, and benefits.
| Bank | Account Type | Minimum AQB | Non-Maintenance Charges (Per Quarter) |
|---|---|---|---|
| Kotak Mahindra Bank | Neo | ₹10,000 | ₹1,500 |
| Kotak Mahindra Bank | Edge | ₹25,000 | ₹1,500 |
| Kotak Mahindra Bank | Pro | ₹50,000 | ₹2,500 |
| Kotak Mahindra Bank | Astra 15 | ₹15,00,000 | ₹5,000 |
| HDFC Bank | Regular | ₹10,000 | ₹1,500 |
| HDFC Bank | Premium | ₹25,000 | ₹1,800 |
| HDFC Bank | Plus | ₹1,00,000 | ₹1,500 (if AQB ≥ ₹50,000); ₹6,000 (if AQB < ₹50,000) |
| HDFC Bank | Ascent | ₹50,000 (Metro/Urban); ₹25,000 (Semi-Urban/Rural) | ₹3,000 |
| Feature | Kotak Mahindra Bank | HDFC Bank |
|---|---|---|
| Minimum AQB | ₹10,000 - ₹15,00,000 | ₹10,000 - ₹1,00,000 |
| Non-Maintenance Charges | ₹1,500 - ₹5,000 per quarter | ₹1,500 - ₹6,000 per quarter |
| Cash Deposit Limit | Up to ₹1 Cr/month (based on account type) | Up to ₹50 Cr/month (based on account type) |
| Cheque Book Charges | First 25 leaves free; ₹2–₹3 per leaf thereafter | ₹2-₹3 per leaf; free leaves based on AMB |
| Digital Banking Features | ActivMoney, Video KYC, Net Banking | ChatBanking, EVA Chatbot, MyBusiness |
| Customer Support | Phone, Email, Branches | WhatsApp, EVA Chatbot, Branches |