Business Account

New Age Business Banking for You

A Simple & Powerful Business Acccount is Here
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One Account with Many Benefits

Your New Business Companion

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Easy money transfers in seconds

No need to add beneficiaries, cool-off period. Simply transfer funds singly or in bulk. Easily view your most used accounts for repeat transactions

One Account, Multiple Access

Empower your account with custom access for viewing, transacting and create custom approval matrix for your transactions
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Easy Reconciliation

Manage all your collections & transfers. Also, reconcile your transactions easily

One Account for Smarter Online Banking

Collections
Account Management
Transfers

Curated for Companies ofall shapes and sizes

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Much More Than Just A Bank Account

Frequently Asked Questions

What is Business Account?

Business account is used to facilitate frequent banking transactions and it is meant to make the day to day transactions of a business easier to the business account holder in accordance to company's policy. There will be no restriction on number and amount of transactions on such accounts. Bank will not pay any interest on the balance held in the Business account, but Customer may be offered Fixed Deposit and NetBanking to invest the money.

What are the benefits of Business Account?

The main features of Business Account are as follows:

  1. Free money transfer to suppliers/vendors
  2. Funds control through Netbanking Panel
  3. No Monthly Average Balance Requirement
  4. No restrictions on number and amount of deposit
  5. Customised Debit card convenience
  6. Easy and wide acceptability
  7. Bulk Payments to multiple accounts
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Who is eligible to open a Business Account?

Below listed entities are eligible to open a Business Account:

  1. Resident Individual
  2. Sole Proprietorship Firms
  3. Partnership Firms
  4. Private & Public Limited Companies
  5. Society
  6. Trust
  7. HUF
How is Business Account different than Savings Account?

Some of the major differences between Business Account and Savings Account:

  1. Business Account holds no limit on the number of transactions
  2. Business Account are primarily non-interest bearing accounts whereas Savings Account are interest bearing accounts
  3. Business Account are suitable for businesses to facilitate frequent banking transfers
  4. There is no limit on the number of Withdrawals at Bank Branch
Can I withdraw cash from my Business Account?

Yes. With PPBL Business Account, you will be offered a Rupay Business debit card which is acceptable at ATMs PAN-India.

Are there any charges on not maintaining my average monthly balance?

No. We do not charge any AMB maintenance fee.

What is the process to open a Business Account?

Fill out the form & our team will reach out with the documents needed.