Are you looking to start an e-commerce business? Or maybe set up a physical store? No matter the nature of your business, setting up an online payment system has become a significant aspect of the business infrastructure. Why? Thanks to digitisation!

Customers are slowly shifting from cash to card and online payments. And to facilitate these payments, you need to have a readily available merchant account with a top bank like IndusInd Bank. A merchant account is fairly simple to set up and offers you a host of valuable benefits.

IndusInd Bank’s merchant banking services are a one-stop solution that lets businessmen and retailers like you carry out business transactions hassle-free. Curious to know more? Let’s dive right in and discover the various benefits of opening a merchant account online.

1. Accept Payments in Multiple Ways

Customers today want the ease of transaction. Instead of carrying physical cash, they prefer making payments using mobile apps or cards. One of the major benefits of a merchant account with IndusInd Bank is the ability to accept payments online via UPI, net banking or through a debit or credit card. The cherry on top? You can also use IndusInd Bank Payment Gateway Solutions to manage your payments online.

2. Pre-Approved Loans

Looking for additional funds for your business? With IndusInd Bank, you can apply for small-ticket loans without security. You can simply apply through the digital application process from the comfort of your home. We offer a quick approval and disbursal process, so you can have the funds you need almost instantly!

3. Easy Account Management

Imagine maintaining a physical ledger to record all your business transactions. For a small business, this might not be a problem. But as your business grows and you start accepting payments from multiple sources, keeping track of all of them can become a nightmare. This is where a merchant bank account is handy. Indus Merchant Solutions offers an all-in-one app that lets you view and manage your banking, payment, and loan needs on a single platform. Moreover, the app comes with a digital ledger, so you no longer have to worry about managing a physical ledger.

4. Easy Account Opening

Already have a current account with IndusInd Bank? Well, good news for you! Getting started with IndusInd Bank’s merchant banking services is hassle-free. You can simply download the Indus Merchant Solutions app and start transacting.

However, if you don’t have a current account with us, apply for one through our instant paperless account opening process. Once you open a current account, you can register yourself as a merchant.

5. Improve Customer Experience

 With IndusInd Bank merchant services, you can offer payment flexibility to your customers. By accepting cash, cards, mobile payments, cheques, or gift cards, you give them full control over how they want to make the payment. Moreover, a certified account builds their trust and confidence in your business. When customers enjoy a convenient buying experience on their terms, they are more likely to return to you for future transactions.

To Wrap Up

To conduct your business effectively today, to need to have a merchant account. Online payments are the future; the sooner you adapt to them, the sooner your business will reach the next level.

So what are you waiting for? Set up your merchant banking account with IndusInd Bank – your reliable banking partner today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

If you’re a business owner or just embarking on a new venture, you will need a reliable bank account to manage your business finances seamlessly. While banks offer multiple services to meet the different demands of their customers, a current account offers maximum convenience with a wide range of services to match the dynamic requirements of your business.

If you conduct frequent high-volume transactions, opening a current account is your best bet. Let’s take a closer look at the current account and how you can open one for your business.

What is a Current Account?

A current is used to execute regular high-value, high frequency business transactions. If you want to maintain an account for liquid deposits, you can open an account individually or jointly with your business partner. But what about interest? Unlike savings accounts, banks do not provide interest on current accounts. 

With a current account, you can deposit or withdraw the money anytime. The primary objective of this account is to help business owners carry out business transactions smoothly.

Benefits of a Current Account

A current account can simplify your business transactions. Here’s how-

• It is focused specifically on facilitating frequent financial transactions
• It comes with higher daily transaction limits
• It offers multiple provisions like overdraft, higher limit on deposits, auto sweep deposit, etc.
• You can deposit or withdraw money at any location
• It enables you to make direct payments with the help of demand drafts, cheques, or pay orders
• Most banks also offer seamless digital banking services on your current account

How Can You Open a Current Account in a Bank?

You can open a current account in any bank in India. Most banks have flexible eligibility to open a current account. You can visit the nearest branch with all the required documents to complete the application process or apply online.

If you want to open a current account online, follow these steps-

Step 1- Visit the bank’s official website and navigate to the current account opening form

Step 2- Check your eligibility and fill in the required details

Step 3- Download the filled application form and take a printout

Step 4- Visit the nearest branch along with the application form and the required documents to open a financial account

Eligibility Criteria

Any small or medium business owner can open a current account online. The eligible businesses are-

• A resident individual
• Partnership
• Sole proprietorship
• Limited company
• Association
• Limited liability partnership
• Club/Society

Furthermore, you can visit the website of the bank to check the documentation requirements before applying.

The Bottom Line

With a current account, you can conveniently manage bulk transactions and high-value payments for your business. Make sure you research well to find the best bank for a current account that fits your requirements. With IndusInd Bank, you can easily apply for a current account online. All you have to do is fill up a form and a customer representative with contact you for further proceedings.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.