Startups in India are served by current accounts that keep costs low and add fast payouts, corporate cards and accounting, such as RazorpayX and Open. Several domestic banks offer startup accounts with no minimum balance for an initial period, and Wise Business helps startups that bill clients abroad.
Suits Startups best
Depends on stage. RazorpayX and Open suit payouts and cards, domestic banks suit lending and cash, and Wise Business suits overseas revenue.
Typical cost
No minimum balance with some platforms, or no balance for an initial period at some domestic banks, as of 15 April 2026.
Non resident position
For India registered companies. Foreign owned startups follow extra checks. Verify with the provider.
Providers that fit
Several. Platforms plus startup accounts at domestic banks in India.
Fees and features as of 15 April 2026Last reviewed 15 April 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Startups in India usually need low running costs in the early stage, fast payouts to staff and contractors, corporate cards for cloud and advertising spend, clean accounting, and often a way to receive revenue from clients abroad. RazorpayX and Open run a current account through a partner bank with payouts, cards and accounting, with no minimum balance on some plans. Several domestic banks such as ICICI Bank, HDFC Bank and Axis Bank offer dedicated startup current accounts, some with no minimum balance for an initial period after opening, after which a minimum average balance can apply. Wise Business helps startups receive foreign currency from clients abroad. Fees and features below are shown as of 15 April 2026, so confirm current terms with the provider.
What Startups in India need from a business account
Young companies watch cash closely, pay teams and vendors, run cloud and advertising costs on cards, and want clean records for investors and tax. The features that matter most are low or no minimum balance, fast payouts, corporate cards with spend controls, accounting exports, and a way to receive foreign currency where revenue comes from abroad. Platform current accounts fit many early stage startups, while domestic banks add lending, cash and branch services and offer startup programmes, some tied to recognition by the Department for Promotion of Industry and Internal Trade. As of 15 April 2026.
R
RazorpayX
Current account through a partner bank with fast payouts, corporate cards, payroll and accounting for early teams. Limited cash handling.
Best for
Payouts, payroll and cards
Cost
No minimum balance, payouts about INR 2 to INR 5 each
Receives several major currencies from overseas clients and converts close to the mid market rate, with automated inward remittance proof. No cash deposits.
Startups in India usually want low running costs, fast payouts, corporate cards and accounting. Platforms such as RazorpayX and Open run a current account through a partner bank with these tools, while domestic banks offer startup current accounts, some with no minimum balance for the first months. Wise Business helps startups that bill clients abroad. Confirm current terms with the provider. This is general information, not advice.
Are there zero balance current accounts for startups in India?
Some providers offer no minimum balance options. Platforms such as RazorpayX and Open provide current accounts with no minimum balance through a partner bank, and several domestic banks offer startup accounts with no balance requirement for an initial period, after which a minimum average balance can apply. Confirm the current terms with the provider. As of 15 April 2026.
Does DPIIT recognition help a startup open an account in India?
Recognition by the Department for Promotion of Industry and Internal Trade can open up startup programmes and some bank offers, and a few banks waive balance requirements for recognised startups. It does not replace standard KYC and incorporation documents. Confirm what applies with the provider and a qualified professional. As of 15 April 2026.
How can an Indian startup receive money from overseas investors or clients?
Funds from abroad are received into a bank account with the relevant Reserve Bank of India reporting, and tools such as Wise Business and Payoneer help receive client revenue in foreign currency with a digital inward remittance advice. Equity investment from abroad follows separate foreign investment rules, so confirm with a qualified professional. As of 15 April 2026.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 15 April 2026. Confirm current terms with the provider before applying.