Do I have to maintain a minimum balance in the account?

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• What is MyMoney current account?

  MyMoney offers an instant zero balance current account powered by SBM Bank India that specifically caters to the business needs of the Indian MSME community.

• What are the benefits of MyMoney current account?

  MyMoney's zero balance current account is one-of-a-kind account through which MSMEs can get quick business loans and manage all their business finances like invoicing, accounting and much more.

• How secure is this account?

  This digital account is provided by State Bank of Mauritius and follows all regulatory guidelines issued by the Reserve Bank of India.

• What is the eligibility criteria for opening a current account?

  You are eligible for a current account if you fall under the category of an individual or sole proprietorship. The individual should also have his/her CKYC verified for opening a current account. The sole proprietorship will have an additional step ...

• Do I need to pay to set up a MyMoney current account?

  No, there is no need to pay for opening a MyMoney current account.