When you have a company or a firm, or even if you run a business as a solopreneur, you will need a bank account that is not a savings account.
Such accounts that are used for business purposes are called corporate accounts.
They are different from savings accounts in various ways.
The most prominent difference is that, with a corporate account, you can have transactions without worrying about the limit in the number of transactions you can make, as opposed to a savings account.
Other than that, you can also enjoy the facility of having multiple users having access to your corporate account.
These users can be your staff or a person who can audit your account, all the while you having control over your account (that is, you don’t have to worry about security issues).
As far as SBI is concerned, there are 5 types of Corporate accounts, each with different features and benefits.
Watch the video below where I explain about each of those accounts in detail.
If you need to open a corporate account in SBI, you can choose the right account that suits your needs, after watching this video.
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