Edge vs. Pro Current Account: Which Kotak Business Account is Good for Your Growth

Choosing the right current account plays a big role in the success of your business. Kotak Mahindra Bank's Edge Current Account and Pro Current Account stand as the popular choices among businesses. Both accounts cater to businesses, but they have differences in features, balance requirements, and services for business needs. Here is a comparison between Edge Current Account and Pro Current Account to help you choose the best account to achieve your financial goals.

The Edge Current Account is designed for small and medium businesses, early-stage SMEs with moderate transaction volumes. It stands as the cost-effective Kotak current account for SMEs and offers essential banking services.

Key Features:

  • Low Balance Requirement: It only requires an Average Quarterly Balance (AQB) of ₹25,000.
  • Free Online Transactions: Unlimited free NEFT, RTGS, and IMPS transactions via net banking and mobile banking.
  • ActivMoney Feature:ActivMoney automatically converts idle funds into fixed deposits for higher interest.
  • Digital Banking: Robust net banking and mobile app to seamlessly manage your account and make transactions.
  • Email Alerts: Free email alerts for real-time transaction updates.

Ideal For: Small businesses, sole proprietors, and early-stage SMEs needing a cost-effective Kotak current account for SMEs with essential features.

The Kotak Pro Current Account is tailored for growing SMEs and established businesses that require higher transaction volumes. It offers advance services and personalize support for higher customer satisfaction.

Key Features:

  • Balance Requirement: It requires an AQB of ₹50,000.
  • Relationship Manager: Dedicated RM for personalized banking support to help in complex transactions.
  • Enhanced Transaction Limits: Higher free transaction limits, including free NEFT/RTGS and demand drafts.
  • Trade and Forex Services: Competitive forex rates and efficient trade services for businesses dealing outside India.
  • ActivMoney Facility: Convert idle funds into fixed deposits for higher earnings, similar to Edge
  • Home Banking Services: Limited free cash/cheque pickup services.

Ideal For: This stands as one of the best bank current account for startups in India.

Feature Edge Current Account Pro Current Account
Minimum Balance Requirement ₹25,000 AQB ₹50,000 AQB
Account Opening Online or branch visit Online or branch visit
Interest on Balance Up to 7% p.a. via ActivMoney Up to 7% p.a. via ActivMoney
Transaction Limits Moderate (e.g., free demand drafts at Kotak branches) Higher (e.g., more free transactions, trade services)
Overdraft Facility Available for eligible accounts Available for eligible accounts
Dedicated Support Not available Dedicated Relationship Manager
Ideal For Small businesses, sole proprietors, early SMEs Growing SMEs, businesses with international needs

In the comparison between Kotak Edge and Pro account, the Edge Current Account is ideal for small businesses and early-stage SMEs. It is a cost-effective Kotak current account for SMEs with all essential features. On the other hand, Pro Current Account is suitable for growing SMEs and businesses with higher transaction volumes. It also offers advanced services like trade support which makes it the best current bank account for startups in India.

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