Open Money for business in India: Available
- Key eligibility
- India registered businesses including private limited companies, LLPs, partnerships and proprietorships, using Open connected banking layered over a partner bank current account, subject to KYC and KYB.
- Non resident position
- Open serves India registered businesses. It is built for Indian entities, so a business needs Indian registration documents such as PAN and, where applicable, GST. It is not aimed at non resident applicants without an Indian entity.
- Local currency support
- Indian rupee, through current accounts held with Open partner banks in India. Open layers software over these accounts rather than holding its own banking licence.
- Headline monthly fee
- Open publishes tiered plans for its business platform, with a free entry tier and paid plans for higher volume and added features. Exact pricing varies by plan and partner bank. As of 26 November 2025.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Does Open Money serve business customers in India?
Yes. Open is an Indian business banking and finance platform, headquartered in Bengaluru, that targets small and medium businesses and startups in India. Rather than holding a banking licence itself, Open provides a connected banking layer over current accounts with Indian partner banks, adding payments, automated payouts, invoicing, expense management and GST and accounting tools. India registered businesses are its core customers. As of 26 November 2025.
Eligibility for businesses in India
Open onboards India registered businesses, including private limited companies, LLPs, partnerships and sole proprietorships. Onboarding follows standard Indian KYC and KYB, typically asking for the business PAN, registration or incorporation documents, GST details where applicable and identification and PAN for directors, partners or proprietors and beneficial owners. The underlying current account is opened with an Open partner bank. Verify with the provider
What it costs locally
Open offers tiered plans, generally with a free entry level tier and paid plans that add higher transaction volumes, more users and features such as automated payouts and advanced reconciliation. Pricing and any partner bank charges vary, so confirm the current plan fees and account charges with Open and the partner bank. As of 26 November 2025. As of 26 November 2025
What local users report
Indian SMEs and startups use Open mainly to bring collections, vendor payouts, invoicing and reconciliation into one dashboard across their existing bank accounts, and value the GST and accounting integrations. Because the account sits with a partner bank, some users note that service and limits depend on that bank, so it is worth checking which partner bank backs your account and what its terms are.
How to open Open Money for business in India
- Go to open.money and start a business sign up, selecting your business type and entering your India registered entity details
- Complete KYC and KYB by providing the business PAN, registration documents, GST details where applicable and identification for directors, partners or proprietors
- Once the partner bank account is set up, connect your accounts and start using payments, payouts, invoicing and reconciliation
Questions about Open Money in India
Is Open Money available for business in India?
Who can open an Open Money account in India?
Does Open Money support the Indian rupee?
How much does Open Money cost in India?
Availability, fees, and eligibility change. This page was last reviewed on 26 November 2025. Confirm the current position with Open Money before applying.