Is Maybank Business available for business in India?

Availability

Maybank Business for business in India: Available with limits

Key eligibility: Maybank operates in India through a single branch in Mumbai regulated by the Reserve Bank of India as a scheduled commercial bank, with a focus on corporate clients and trade. Eligibility centres on registered companies engaged in trade and cross border activity rather than mass market retail or very small sole traders
Non resident position: The India branch serves businesses registered and operating in India, with an emphasis on corporate customers that have trade and remittance flows across the ASEAN region. A standard online onboarding for non resident founders is not offered. Verify the current position with the branch
Local currency support: Indian rupee through the India branch, alongside trade and remittance services in foreign currencies. Exact account currencies depend on the product and should be confirmed with the branch
Headline monthly fee: Not published as a standard headline figure. Pricing for the corporate and trade products at the India branch is set per client. Confirm current charges with Maybank as of 6 May 2026

Availability and fees as of 6 May 2026Last reviewed 6 May 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Yes, with limits. As of 6 May 2026 the Maybank Group operates in India through a Mumbai branch regulated by the Reserve Bank of India as a scheduled commercial bank. It serves business customers, but the focus is corporate banking, trade services and remittances across the ASEAN region rather than mass market small business accounts, and there is a single branch. Confirm whether your business fits the branch focus before applying.

Does Maybank Business serve business customers in India?

Yes, with limits. Maybank, part of Malayan Banking Berhad, operates an India branch in Mumbai that is licensed by the Reserve Bank of India as a scheduled commercial bank. The branch positions itself around corporate banking, trade services and remittances, supporting customers with flows between India and the wider ASEAN region. This is a corporate and wholesale presence rather than a retail network, so it suits registered companies with trade and cross border needs more than very small sole traders looking for a simple current account. There is one branch, located in Lower Parel, Mumbai. Businesses outside that focus may be better served by a domestic Indian bank with a wider branch network. As of 6 May 2026.

Eligibility for businesses in India

Account opening at the India branch is handled directly with the bank rather than through a self service app. A company would typically need to be registered in India with its incorporation or registration documents, its PAN, GST details where applicable and the board resolution authorising the account and signatories, then complete KYC for the entity and its signatories. Because the branch is oriented to corporate and trade clients, suitability depends on the nature and scale of the business. Confirm the exact documents and acceptance criteria with the Mumbai branch. Verify with the provider

What it costs locally

Maybank does not publish a standard headline monthly fee for its India corporate and trade products in the way a retail neobank would. Charges for current accounts, trade finance and remittances at the India branch are arranged per client and per product. For a usable figure, request current pricing from the Mumbai branch and compare it against domestic Indian business banks. As of 6 May 2026

What local users report

In India, Maybank is known as a corporate and trade focused branch of a large ASEAN banking group rather than a consumer brand, so most references concern trade finance and cross border flows with Southeast Asia. Businesses seeking a high street current account with a wide branch and ATM network in India generally use domestic Indian banks, while those with substantial ASEAN trade links may find a corporate relationship with Maybank relevant.

How to open Maybank Business for business in India

Confirm that your business fits the Mumbai branch focus on corporate banking, trade services and remittances, and that you are a company registered in India
Contact the Maybank India branch in Mumbai to discuss the suitable account or trade product and the documents required for your entity type
Provide your incorporation or registration documents, PAN, GST details where applicable and the authorising board resolution, then complete KYC for the entity and its signatories

Open with Maybank Business →

Questions about Maybank Business in India

Is Maybank available for business in India?

Yes, with limits, as of 6 May 2026. Maybank operates an India branch in Mumbai regulated by the Reserve Bank of India as a scheduled commercial bank, focused on corporate banking, trade services and remittances. It is not a mass market retail offering and has a single branch. Verify suitability with the bank.

What does the Maybank India branch focus on?

The Mumbai branch focuses on corporate banking, trade services and remittances, supporting flows between India and the wider ASEAN region. It suits registered companies with trade and cross border needs more than very small sole traders, as of 6 May 2026.

How does a business open an account with Maybank in India?

Account opening is handled directly with the Mumbai branch rather than through an app. A company typically provides its registration documents, PAN, GST details where applicable and an authorising board resolution, then completes KYC. Confirm the exact requirements with the branch, as of 6 May 2026.

What are the alternatives to Maybank for business in India?

Businesses wanting a wide branch network or a simple current account often use domestic banks licensed by the Reserve Bank of India, and those wanting cross border multi currency collection use international providers that onboard India registered companies, such as those listed on our India country guide. As of 6 May 2026.

Availability, fees, and eligibility change. This page was last reviewed on 6 May 2026. Confirm the current position with Maybank Business before applying.