Our GEM Current Account is designed specifically for government suppliers, vendors and contractors. It gives you the preferred flexibility with no minimum MAB requirement.

Features and benefits

• No minimum MAB requirement
• Free National Electronic Funds Transfer (NEFT)/ Real Time Gross Settlement
• (RTGS) payments and collections
• Free unlimited cheque leaves
• Free cash deposit up to Rs ­50 lakh per month
• Free Debit Card with facility to enhance withdrawal limits
• Free Mobile Banking and Internet Banking
• No charges for Demand Draft (DD) issuance and SMS alerts
• Express bank guarantee

Eligibility

• Government suppliers
• Government vendors
• Government contractors

Value added services

• Door-step Banking and Cash Management Services: Services such as cheque pick-up, cash pick-up/delivery, cheque printing
• iPay: Bulk payments to multiple beneficiaries through RTGS, NEFT and Funds Transfer in a single file upload
• Bulk payments: Payment to Adhoc Beneficiary (PAB) and Payment to Registered Beneficiary (PRB) functionality
• E-collections: Ease of reconciliation, as it highlights name and details of payees in accounting statement
• Corporate Internet Banking (CIB) platform, a one-stop solution for all your digital banking needs
• InstaBIZ app with over 115 business banking solutions for banking on the move
• Business Banking Debit Card with higher cash withdrawal limits
• Eazypayapp and POS machine for collections through cards
• Access to a wide network of 5,200+ branches and 14,000+ ATMs at no extra charge
• BizCircle – A unique platform that connects your businesses with other business customers to grow and network
• Business compliments offers – Exclusive offers and deals from popular brands

Terms and Conditions apply.