Max Advantage Current Account in India

What kind of customers are ideally suited to use Max Advantage Current Account?

Max Advantage Current Account is best suited for Traders, Manufacturers, Distributors, EXIM (export/import) customers who are involved in large businesses with turnover of ₹ 5 crores and above.

How much minimum AQB (Average Quarterly Balance) is required to be maintained for Max Advantage Current Account?

AQB Requirement: ₹ 5,00,000/- (Metro & Urban Locations) & ₹ 2,50,000/- (Semi-Urban & Rural Locations)

What are the non-maintenance charges (NMC) applicable when sufficient AQB is not maintained in the account?

NMC varies with location as follows:

• ₹ 8,000/- per quarter (Metro & Urban Locations)

• ₹ 4,000/- per quarter (Semi-Urban & Rural Locations)

What are the conditions for zero NMC charges?

Customer may avail Zero NMC benefit in quarter subsequent to account opening quarter, if he/she is active on all 3 digital services (i.e. Net-Banking/ Mobile-Banking, Debit Card (ATM/ POS transaction) and Bill Pay) within first 2 months of account opening.

Additionally, the customer will enjoy Zero NMC if the credit throughput value through ME/MPOS/MEAPP in a quarter is ₹ 30 lakhs or more.

What are the key features / multiplier benefits of Max Advantage Current Account?

Following are the key features of Max Advantage Current Account:

• Combined Cash Deposit (Anywhere in India) – 12 times of current month AMB (Upper cap of ₹ 75 crores per month)

• Cash Withdrawal (Non-Home Branch)- 12 times of current month AMB (Upper cap of ₹ 75 crores per month)

• Cash Withdrawal is FREE at Home Branch

• DD/ PO (Bank Location) – Unlimited Free

• DD/ PO (Corr. Bank Location) – Free upto ₹ 30 lakhs per month

• Cheque Leaves – Free 100 cheque leaves for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 2000 cheque leaves per month)

• Total Transaction (includes count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions) – 150 transactions for every slab of ₹ 1 lakh of current month AMB balance maintained. (Upper Cap of 3000 transactions per month)

• Unlimited Free NEFT/RTGS/IMPS transactions

What are the free limits for cash deposit?

Max Advantage Current Account offers multiplier benefits for cash deposit transactions. The free limit offered is 12 times of current month AMB (Home + Non-home location). This is capped at a maximum of ₹ 75 crores per month.

What are the free limits for cash withdrawal?

Cash withdrawal is completely free for home branch. In case of non-home branch, customer is offered a free limit upto 12 times current month AMB; capped at a maximum of ₹ 75 crores per month.

What are the free limits for issuing DDs / POs?

Following are the free limits for issuing DD/POs

• DD/POs (Bank Location) – Unlimited Free

• DD/POs (Correspondent Bank Location) – Free upto ₹ 30 lakhs per month

How many free cheque leaves are offered per month?

Cheque Leaves – Free 100 cheque leaves for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 2000 cheque leaves per month)

What are the free limits for total transactions?

Max Advantage Current Account offers multiplier benefits for Total transactions - Free limit of 150 transactions for every slab of ₹ 1 lakh of current month AMB balance maintained. There’s an upper Cap of 3000 transactions per month

(Note: Total Transactions include count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions)

How are electronic transactions (NEFT / RTGS / IMPS) charged?

NEFT / RTGS payments through branch/online mode and IMPS transactions are offered FREE to Max Advantage Current Account customers.

​​​​​​​What are different ways to access bank account?

Bank anytime, anywhere in person at a branch or ATM, from your laptop or mobile. Click here for more details.