Do I need to pay to set up a MyMoney current 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.

• 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 ...

• What document do I need to open a current account?

  The documents required for an Individual & Sole Proprietorship are listed below. Individual PAN Card Aadhaar Card Sole Proprietorship PAN Card Aadhaar Card Any 2 Business Documents from the below list:- > FSSAI Registration > GST Certificate > Shop ...

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

  No! The MyMoney current account is a zero balance account and no amount needs to be maintained as monthly average balance.