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

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.
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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.