Crypto is not banned in India, and the country has a large Web3 developer base, but bank access for crypto and Web3 companies is restricted and varies by bank. Virtual digital assets are taxed at a flat 30% plus cess with a 1% tax deducted at source on transfers. There is no full licensing framework, and the Reserve Bank of India remains cautious.
- Legal status
- Not banned. No full licensing framework, and the Reserve Bank of India remains cautious, as of 10 February 2026.
- Bank access
- Varies and is often declined under bank risk policies. Treat availability as unclear and verify with the bank.
- Tax
- Flat 30% plus 4% cess on virtual digital asset income, with a 1% tax deducted at source on transfers, as of 10 February 2026.
- Providers that fit
- None confirmed available for this profile in India. Approach banks directly.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
The current position for crypto and Web3 companies in India
Two things are true at once in India. First, crypto is legal to hold and trade, and the developer base is large and growing. Second, opening and keeping a business bank account as a crypto or Web3 company is difficult, because banks weigh the reputational and compliance risk and often decline these accounts. There is no Reserve Bank of India rule that forces a bank to refuse, but there is also no rule that requires one to onboard, so the outcome depends on each bank risk policy. Treat any single bank position as unclear until confirmed. As of 10 February 2026.
Tax shapes the model
Virtual digital asset income in India is taxed at a flat 30% plus a 4% cess, with no deductions other than the cost of acquisition and no offset of trading losses. A 1% tax deducted at source applies to transfers above the relevant threshold. These rules apply regardless of which bank you use and change the economics of trading and treasury, so a tax professional should confirm your position. This is a tax matter rather than a banking one. As of 10 February 2026.
Why we do not list a provider here
On other pages we show a shortlist of providers that genuinely serve the profile. For crypto and Web3 companies in India we do not, because we cannot confirm a business account that is reliably available to this profile as of 10 February 2026. Listing one would risk pointing you to an account that is later declined. The practical route is to approach banks directly, be transparent about the business, and confirm onboarding and ongoing terms before you rely on the account. As of 10 February 2026.
Points to weigh before you approach a bank
Use these as prompts rather than a checklist of requirements. Verify with the provider
- Whether your activity counts as crypto exposed in the eyes of a bank, since exchanges, custodians and trading firms face the most scrutiny
- How the flat 30% tax, the cess and the 1% tax deducted at source affect your treasury and reporting, confirmed with a tax professional
- Whether a bank will both open and keep the account, since some onboard then later review, so confirm the ongoing position in writing
How to approach the choice
- Register the company properly and prepare clear documentation of the business and its sources of funds
- Approach banks directly and be transparent about the crypto or Web3 activity, asking about both onboarding and ongoing acceptance
- Confirm tax treatment with a qualified professional and keep records tidy for the 30% tax, the cess and the 1% tax deducted at source. As of 10 February 2026
Questions about crypto and Web3 banking in India
Is crypto legal for businesses in India?
Can a crypto or Web3 company open a business bank account in India?
How is crypto taxed for businesses in India?
Do we list a business account for crypto companies in India?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 10 February 2026. Confirm current terms with the provider before applying.