Sinduja Shankar
Expert
Published on: Sep 16, 2026
ICICI Current Account
A current account is a type of demand deposit account that includes deposits, fund withdrawals, and facilitates business transactions. A current account is specifically designed for business professionals or enterprises that engage in significant transactions regularly. It allows business owners to conduct unlimited transactions without any cap, although they may be subject to a banking cash transaction tax as mandated by the government. This article provides a detailed overview of opening an ICICI Bank Current Account.
Eligibility for ICICI Bank Current Account
The current account is typically opened by the following business entities:
- Limited Liability Partnership (LLP)
- Sole Proprietor
- Partnership Firm
- Hindu Undivided Families (HUF)/Specified Associations
- Company
- Trust
Features of ICICI Current Account
Opening a current account offers several beneficial features:
- Primarily used for business operations.
- No interest is provided on the balance within the account.
- Requires a higher minimum balance than a savings account, with applicable penalties for non-maintenance.
- Overdraft and internet/mobile banking facilities available.
- No restrictions on deposits/withdrawals at the home branch.
For a deeper understanding of financial benefits related to business accounts, read about how entrepreneurs can leverage startup business ideas.
Documents Required
To open a current account in ICICI Bank, the following documents are required:
Individuals (business purpose)
- Completed Application Form
- Identity Proof: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.
- Address Proof: Aadhar Card, Valid Passport, Utility bill, Property tax bill, etc.
- Two passport-size color photographs
- Account opening cheque from an existing Savings/Current Account
Sole Proprietorship Firm & HUF
Documents required for Hindu Undivided Family (HUF) accounts:
- Two passport-size color photographs
- Identity Proof: PAN Card in the name of the HUF, Aadhar Card, Driving License, Voter ID Card, etc.
- Address Proof: Aadhar Card, Valid Passport, Utility bill, Property tax bill, etc.
- Contact Details: landline/mobile number and e-mail ID.
For more information on compliance documentation, explore the trade license requirements.
Partnership Firm & LLP
Documents required for a Partnership firm:
- List of beneficial owners with more than 15% holding in the firm
- Two passport-size color photographs
- Partnership deed document
- Entity's PAN Card
Private/Public Limited Company
Documents required for Proprietorship firms:
- Incorporation Certificate
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- Board Resolution (BR)
- Updated list of directors
- Entity's PAN Card
- Aadhar Card of the sole proprietor/entity, or valid passport
Trust, Society, Association & Club (TASC)
Documents required for Trusts and Societies:
- Constitution document of the entity
- Updated directors list
- Entity's PAN Card
- Aadhar Card of the sole proprietor/entity, or valid passport
Limited Liability Partnership (LLP)
Documents required for LLPs:
- Registration Certificate issued by Registrar of LLP
- Entity's PAN Card
- Aadhar Card of the sole proprietor/entity, or valid passport
- Two passport-size color photographs
- LLP agreement
- Updated list of designated partners
Regular Current Accounts
ICICI Bank offers various types of current accounts, tailored for diverse business needs. These accounts are ideal for small retailers, traders, self-employed individuals with sole proprietorships, or businesses with an annual turnover of less than 2 crores.
Learn about business setup in Moradabad for more insights tailored to specific geographic locations.
- New Start-Up Current Account
- Shubhaarambh Current Account
- Smart Business Account
- Smart Business Account – Gold
- Roaming Current Account Gold
- Roaming Current Account Premium
- Roaming Current Account Classic
- Roaming Current Account Standard
| S.No. | ICICI Bank Current Account | ICICI Bank Current Account minimum Monthly Average Balance (MAB) | Non-Maintenance Charges | Cash Deposit Requirement |
| 1. | New Start-Up Current Account | NIL (for first 6 months) Post 6 months Rs. 25,000 | Rs. 1,000 per month | Free cash deposits up to 12 times the maintained MAB |
| 2. | ShubhAarambh Current Account | NIL for the first six months, Rs. 25,000 thereafter | Rs. 1,000 per month | Free cash deposits up to 12 times the maintained MAB |
| 3. | Smart Business Account | Rs. 25,000 | Rs. 1,000 per month | Free cash deposit of up to 12 times the maintained MAB |
| 4. | Smart Business Account - Gold | Rs. 1 Lakh | Rs. 3,000 per month | Free cash deposit of up to 12 times the maintained MAB or Rs. 1.8 Cr |
| 5. | Roaming Current Account - Gold | Rs. 1 Lakh | Rs. 2,000 | Free cash deposit up to Rs. 10 Lakhs per month |
| 6. | Roaming Current Account - Standard | Rs. 10,000 | Rs. 750 | Free cash deposit up to Rs. 1 Lakh per month |
| 7. | Roaming Current Account - Classic | Rs. 25,000 | Rs. 1,000 | Free cash deposit up to Rs. 2.5 Lakhs per month |
| 8. | Roaming Current Account - Premium | Rs. 50,000 | Rs. 1,500 | Free cash deposit up to Rs. 5 Lakhs per month |
New Startup Current Account
The iStartup Account is a transaction account tailored to meet the needs of startup founders and young entrepreneurs. It offers customized payment and collection solutions such as:
- 200 free RTGS and NEFT transactions per month
- 100 free cheque leaves per month
- Non-cash transactions free up to 50 times the MAB maintained
- Rs. 50,000 free withdrawal per day at non-base locations (for self-cheques only)
- Unlimited free withdrawals at base locations
- Free debit card for the first year
- Free cash deposits up to 12 months the average monthly balance for 6 months
Shubhaarambh Current Account
This current account closely mirrors the Startup Current Account, designed to support both individuals and businesses in their growth journeys. Exclusively for proprietorships, it offers features such as:
- 200 free RTGS and NEFT transactions per month
- 100 free cheque leaves per month
- Non-cash transactions free up to 50 times the MAB maintained
- Rs. 50,000 free withdrawal per day at non-base locations (for self-cheques only)
- Unlimited free withdrawals at base locations
- Free debit card for the first year
Smart Business Account
The Smart Business Account offers a unique level of flexibility by linking free limits to the average balance maintained in the account. The benefits include:
- 200 free RTGS and NEFT transactions per month
- 100 free cheque leaves per month
- Non-cash transactions free up to 50 times the MAB maintained
- Rs. 50,000 free withdrawal per day at non-base locations
- Unlimited free withdrawals at base locations
Learn more about managing set-off and carry forward of tax losses by visiting this page.
Smart Business Account - Gold
Smart Business Account - Gold extends the benefits of Standard Smart Business accounts by offering locker facilities and discounted auto loan rates. Notable features include:
- 300 free RTGS and NEFT transactions of any type
- Rs. 50,000 free withdrawal per day at non-base locations
- Unlimited free withdrawals at base locations
Roaming Current Account Premium
- 100 free cheque leaves per month
- Unlimited free withdrawals at base locations
- Rs. 50,000 free withdrawal per day at non-base locations (for self-cheques only)
Businesses can further benefit by understanding terms related to import and export activities, such as the HSN Code and GST rates for base metals.
Roaming Current Account Gold
- Free cash deposit up to Rs. 1 Crore per month within the city of account opening
- Minimum balance requirement is Rs. 1 Lakh
- Charges for non-maintenance of the minimum balance is Rs. 2,000
- Unlimited free withdrawals at base locations
Roaming Current Account Classic
- Free cash deposit up to Rs. 2.5 Lakhs per month for account opening within the city.
- Free 50 cheque leaves per month
- Minimum balance requirement is Rs. 25,000
- Charges for non-maintenance of the minimum balance is Rs. 1,000
Roaming Current Account Standard
- It offers free cash deposit up to Rs. 1 Lakh per month of account opening
- Free 25 cheque leaves per month
- Minimum balance requirement is Rs. 10,000
- Charges for non-maintenance of the minimum balance is Rs. 750
Premium Current Account
These current accounts are suitable for large domestic businesses. Some of the ICICI Bank Premium Current Accounts include:
- Club Elite Ivy
- Roaming Current Account Elite
- Smart Business Account - Platinum
- Roaming Current Account (RCA) Platinum
- Roaming Current Account Gold Plus
- Made 2 Order
| S.No. | ICICI Current Account | ICICI Bank Current Account minimum Monthly Average Balance (MAB) | Non-Maintenance Charges | Cash Deposit Requirement |
| 1. | Roaming Current Account Elite | Rs. 10 Lakh | Rs. 5,000 if MAB is more than 50 per cent and Rs. 10,000 if MAB less than 50 per cent | Free cash deposits up to 10 times the maintained MAB |
| 2. | Roaming Current Account Gold Plus | Rs. 3 Lakhs | Rs. 3,000 | Free cash deposit up to Rs. 30 Lakhs per month |
| 3. | Roaming Current Account Platinum | Rs. 5 Lakhs | Rs. 2,500 if MAB more than 50 percent and Rs. 5,000 if MAB is less than 50 per cent | Free cash deposit up to Rs. 50 Lacs per month |
| 4. | Smart Business Account - Platinum | Rs. 5,00,000 | Rs. 10,000 per month | Free cash deposit up to 12 times the maintained MAB |
| 4. | Made2Order Account | Rs. 3 Lakhs | N/A | N/A |
Club Elite Ivy
This is an exclusive current account program offered only by invitation. The terms and conditions of the account opening agreement are signed at the time of opening.
Roaming Current Account Elite
- Designed for high-end businesses with transactions primarily within a city
- Offers a free Business Banking Debit Card
Smart Business Account - Platinum
The Smart Business Account Platinum enhances the benefits of the basic Smart Business account by offering features such as a free cheque pickup facility and discounts on locker services.
- Free RTGS and NEFT transactions
- 600 free cheque leaves per month
Roaming Current Account (RCA) Platinum
- Offers a free Business Banking Debit Card
Consider exploring Jharkhand liquor license for business compliance.
Roaming Current Account Gold Plus
- 600 free cheque leaves per month
Made 2 Order
- Offers flexibility in setting the MAB and selecting free cheque leaves
One Globe Trade Account
The One Globe Trade Account merges domestic banking through the Roaming Current Account with global trade services. It's an ideal current account for domestic, export, and import-related transactions. By opening this account, customers can optimize their financial resources.
This account allows flexibility to maintain either a Monthly Average Balance (MAB) or Monthly Throughput (MTP), with three account variants:
| S.No. | Type of Account | MAB |
| 1. | Trade Basic | MTP 5,000 USD equivalent or 50,000 MAB |
| 2. | Trade Gold | MTP 20,000 USD equivalent or 1,00,000 MAB |
| 3. | Trade Platinum | MTP 80,000 USD equivalent or 5,00,000 MAB |
This account offers digital alerts like E Advices, E Swift, E-mail statements, and E–Acknowledgement. Additionally, it provides benefits such as free inward remittances and E-BRC issuance. Customers also receive preferential pricing for locker charges, cash management solutions, auto loans, and personal accident insurance at account opening.
To ensure compliance with fiscal policies, consider reviewing GST late fee and penalty details.