GEM Current Account

Our GEM Current Account is designed specifically for government suppliers, vendors and contractors. It gives you the preferred flexibility with no minimum MAB requirement.



Features and benefits

  • No minimum MAB requirement
  • Free National Electronic Funds Transfer (NEFT)/ Real Time Gross Settlement
  • (RTGS) payments and collections
  • Free unlimited cheque leaves
  • Free cash deposit up to Rs ­50 lakh per month
  • Free Debit Card with facility to enhance withdrawal limits
  • Free Mobile Banking and Internet Banking
  • No charges for Demand Draft (DD) issuance and SMS alerts
  • Express bank guarantee


  • Government suppliers
  • Government vendors
  • Government contractors

Value added services

  • Door-step Banking and Cash Management Services: Services such as cheque pick-up, cash pick-up/delivery, cheque printing
  • iPay: Bulk payments to multiple beneficiaries through RTGS, NEFT and Funds Transfer in a single file upload
  • Bulk payments: Payment to Adhoc Beneficiary (PAB) and Payment to Registered Beneficiary (PRB) functionality
  • E-collections: Ease of reconciliation, as it highlights name and details of payees in accounting statement
  • Corporate Internet Banking (CIB) platform, a one-stop solution for all your digital banking needs
  • InstaBIZ app with over 115 business banking solutions for banking on the move
  • Business Banking Debit Card with higher cash withdrawal limits
  • Eazypayapp and POS machine for collections through cards
  • Access to a wide network of 5,200+ branches and 14,000+ ATMs at no extra charge
  • BizCircle – A unique platform that connects your businesses with other business customers to grow and network
  • Business compliments offers – Exclusive offers and deals from popular brands

Terms and Conditions apply.