How to Open a Current Account with Udyog Aadhaar
Posted on Thursday, October 24th, 2024 |
Current accounts offer a range of advantages for businesses. These include higher transaction limits, overdraft facilities, access to business loans, premium digital banking features, and enhanced financial credibility. If you hold an Udyog Aadhaar or are registered under the new Udyam registration, the process of opening a current account becomes even more streamlined and quick….
Read moreCan You Get a Credit Card for Your Current Account?
Posted on Thursday, October 24th, 2024 |
The advantages of a current account are countless. They offer high transaction limits, 24/7 liquidity, digital payment solutions, and access to business loans. But is it possible to link a credit card to your current account? Many business owners and professionals looking to streamline their financial management wonder about this. The answer is ‘YES’! Let’s…
Read moreWhat is Udyog Aadhaar and How Does it Benefit MSMEs?
Posted on Wednesday, October 16th, 2024 |
You must be familiar with the Aadhaar number issued by the Unique Identification Authority of India (UIDAI), which serves as an identity and address proof for all citizens. But did you know there is a similar identification document for businesses called Udyog Aadhaar? Udyog Aadhaar is particularly tailored for businesses to access funding and government…
Read moreWhat is an Individual vs. a Non-Individual Current Account?
Posted on Wednesday, October 16th, 2024 |
Curious about the difference between an individual current account and a non-individual current account? An individual current account is opened in the name of business owners to meet basic corporate needs. In contrast, a non-individual current account is specifically opened in the name of a business and is designed to meet the needs of enterprises….
Read moreDo You Require a GST Number to Register an MSME?
Posted on Wednesday, October 16th, 2024 |
Micro, Small and Medium-Sized Enterprises (MSMEs) drive the economy by generating employment, fostering innovation, and contributing to the nation’s GDP. They have the potential to grow through digital transformation, access to quick funds, and supportive regulatory frameworks offered by the government. However, to avail these benefits, an MSME certificate registration is necessary. You may wonder…
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