{"id":9947,"date":"2024-12-02T16:30:31","date_gmt":"2024-12-02T11:00:31","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=9947"},"modified":"2025-03-07T08:34:50","modified_gmt":"2025-03-07T03:04:50","slug":"what-are-corporate-accounts","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/","title":{"rendered":"What are Corporate Accounts? Meaning, Benefits &#038; Types"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e51861990c7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e51861990c7\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#What_is_Corporate_Account\" >What is Corporate Account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#How_Does_a_Corporate_Account_Work\" >How Does a Corporate Account Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#Difference_between_Corporate_Account_Business_Account\" >Difference between Corporate Account &amp; Business Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#Benefits_of_Corporate_Account\" >Benefits of Corporate Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#How_to_Open_a_Corporate_Account\" >How to Open a Corporate Account?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#Documents_required_to_open_a_Corporate_Account\" >Documents required to open a Corporate Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#Disadvantages_of_a_Corporate_Account\" >Disadvantages of a Corporate Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#7_crucial_tips_to_manage_Corporate_Account\" >7 crucial tips to manage Corporate Account\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-are-corporate-accounts\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Corporate_Account\"><\/span><strong>What is Corporate Account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A <\/span>corporate account or a company account<span style=\"font-weight: 400;\"> is a bank account opened for a company. The account is used to\u00a0<\/span><span style=\"font-weight: 400;\">facilitate business transactions, receive income, and store funds.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Every business should have a corporate bank account; corporate accounts offer significant benefits to businesses, with features like tax filings, credit and loans, automated payments and more.\u00a0<\/span><\/p>\n<p>Today, digital-first corporate accounts like <a href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_corporate_account&amp;utm_source=blog&amp;utm_medium=cta\">RazorpayX Business Banking+<\/a> offer more than just banking; centralized dashboards for everything from vendor management to payroll, enhanced with automation at all points.<\/p>\n<p style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_corporate_account&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\">Explore RazorpayX<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_a_Corporate_Account_Work\"><\/span>How Does a Corporate Account Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A corporate account works almost the same way as a regular bank account. Account holders use corporate accounts to store and transfer funds, manage cash, avail credit and more.<\/p>\n<p>Corporate accounts are offered by banks in India like Axis Bank, RBL Bank. Some corporate accounts are offered in partnership with fintechs like RazorpayX to offer corporate accounts with enhanced features like automated payouts, bulk disbursals, and accounting integrations.<\/p>\n<p style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_corporate_account&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\">Explore RazorpayX<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Difference_between_Corporate_Account_Business_Account\"><\/span><b>Difference between Corporate Account &amp; Business Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Often, people think a <\/span>corporate account<span style=\"font-weight: 400;\"> is the same as a business bank account. Though they both serve business needs, they differ in certain key aspects that are listed below:\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Category<\/strong><\/td>\n<td><strong>Corporate Account<\/strong><\/td>\n<td><strong>Business Account<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Company size<\/strong><\/td>\n<td>Ideal for medium-sized and big companies<\/td>\n<td>Suitable for smaller businesses<\/td>\n<\/tr>\n<tr>\n<td><strong>Company structure<\/strong><\/td>\n<td>Must have a board of directors<\/td>\n<td>Individual business can apply<\/td>\n<\/tr>\n<tr>\n<td><strong>Benefits &amp; Services<\/strong><\/td>\n<td>Lower transaction fees, better interest rates on profits<\/td>\n<td>Varies from bank to bank<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_Corporate_Account\"><\/span><b style=\"color: #111111; font-family: Roboto, Arial, sans-serif;\">Benefits of Corporate Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now, let us explore the benefits of having a <\/span>corporate account<span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<h4><b>Improves Credibility<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Having separate bank accounts for personal and business purposes is immensely helpful because it makes the business appear more professional. When customers see that a business has a <\/span>corporate account<span style=\"font-weight: 400;\">, they feel reassured about its legitimacy. Moreover, having this account also helps business owners receive better deals from vendors and suppliers.\u00a0<\/span><\/p>\n<h4><b>Higher Investment Opportunities<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">A <\/span>corporate account<span style=\"font-weight: 400;\"> enables businesses to park and grow excess funds through reinvesting. Companies can also use this bank account to manage an investment portfolio and sell and purchase bonds, stocks, new companies, and other assets.<\/span><\/p>\n<h4><b>Offers Liability Protection\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">There are multiple ways to store a business&#8217;s funds. However, while users might receive more or less the same features, they will not receive the <a href=\"https:\/\/razorpay.com\/learn\/what-is-liability-in-accounting\/\">liability<\/a> protection offered by a <\/span>corporate account.<span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">Another essential benefit of a corporate account is that it separates a company&#8217;s assets and funds from the business owners. As a result, instead of a single person, the company as a whole is responsible for the funds.\u00a0<\/span><\/p>\n<h4><b>Creates better Financial Management<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Other crucial benefits associated with a <\/span><b>corporate account<\/b><span style=\"font-weight: 400;\"> include management of budgeting and spending. In addition, it provides more clarity with regard to the financial position of a business as proprietors get to view detailed reports and bank statements about their company.\u00a0<\/span><\/p>\n<h4><b>Easier Financial Transactions\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Business owners can carry out essential business transactions smoothly and efficiently from anywhere as corporate accounts come with internet and mobile banking facilities. Multi-location transfer of funds along with deposit and withdrawal of money at any location are additional benefits of a <\/span>corporate account.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Open_a_Corporate_Account\"><\/span><b>How to Open a Corporate Account?\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It must be noted that the eligibility criteria and documents required to open a corporate account vary from one business structure to another. Listed below are some of the key points related to opening a corporate account in India:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The business for which the owner wishes to open a corporate account must have a board of directors.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Individuals are not eligible to open corporate accounts in India.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Companies must receive approval from their board of directors to open a <\/span>corporate account<span style=\"font-weight: 400;\">. The standard procedure involves a meeting where a vote is taken to seal the decision. The directors also engage in a detailed discussion about the account&#8217;s primary purpose, access options, and features.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">For smaller businesses without a board of directors, the owner does not need anyone\u2019s approval or vote to open a new <\/span>corporate account<span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Generally, companies appoint a dedicated person, usually the board&#8217;s treasurer, to open and operate their corporate bank accounts.<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/x.razorpay.com\/auth\/signup\/?utm_source=blog&amp;utm_medium=cta&amp;utm_term=informational&amp;utm_content=workflow_automation\">Open a fully-digital RazorpayX Business Banking+ account<\/a> with our team of experts and experience the future of business finance.<\/p>\n<p style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_corporate_account&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\">Speak with an expert for free<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Documents_required_to_open_a_Corporate_Account\"><\/span>Documents required to open a Corporate Account<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Listed below are the documents required for a corporate account:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Filled application form<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Article of Association<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=12184&amp;Mode=0\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Memorandum of Association<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Board Resolution<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certificate of Incorporation\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proof of Address\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Disadvantages_of_a_Corporate_Account\"><\/span><b>Disadvantages of a Corporate Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are the drawbacks of a corporate account:<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The expenses associated with maintaining a corporate account can be higher than regular accounts.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Moreover, the process of documentation is confusing and time-consuming.\u00a0<\/span><\/li>\n<\/ul>\n<h4>Corporate Account that supercharges your banking experience<\/h4>\n<p><span style=\"font-weight: 400;\">The RazorpayX-powered <a href=\"https:\/\/razorpay.com\/x\/current-accounts\/\">current account<\/a> is backed by leading financial institutions.\u00a0 Let us look at some of its benefits:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A dashboard that provides a crisp overview of the state of the business\u2019s finances\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Powerful APIs to automate pay-outs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Important tax payments from one single dashboard<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The process of adding beneficiaries is easy and instant\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The provision of setting up approval workflows does not require OTPs\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Listed below are the registered business types that can open a current account with RazorpayX:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/all-about-sole-proprietorships\/\"><span style=\"font-weight: 400;\">Sole Proprietorship<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/llp-limited-liability-partnership\/\"><span style=\"font-weight: 400;\">LLP (Limited Liability Partnership)<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Partnership<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Private\/Public Limited Companies\/ OPC (One Person Company)\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"7_crucial_tips_to_manage_Corporate_Account\"><\/span><b>7 crucial tips to manage Corporate Account\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Listed below are essential tips that will help in managing any <\/span>corporate account<span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<h4><b>1. Decide on an investment strategy\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Business owners should formulate a suitable investment strategy for their corporate accounts based on their financial goals. While there might be many investment options that financial institutions might offer, the following two are common:\u00a0<\/span><\/p>\n<p>i. <strong>Portfolio Rebalancing<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The bank designates a financial adviser who manages a company\u2019s investment portfolio. This person will make decisions based on market movements, company income, and goals.<\/span><\/p>\n<p><b>ii. Dividend Reinvesting\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is an important way by which companies earn extra income. Business owners can choose their preferred investment types, for instance, what they are interested in\u2014stocks or real estate purchases- but this process can also be automated.\u00a0<\/span><\/p>\n<h4><b>2. Share access with the right person<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">When creating a <\/span>corporate account<span style=\"font-weight: 400;\">, one must carefully determine which person should have direct access to it and when. This is especially important if the account is used for business transactions and savings. For example, the owner needs to grant the concerned manager or leader access to use the account for purchasing new equipment or paying employees&#8217; salaries.\u00a0<\/span><\/p>\n<p>RazorpayX Business Banking+ comes with customizable approval workflows, allowing you granular control on access to the right people.<\/p>\n<p style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_corporate_account&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\">Speak with an expert for free<\/a><\/p>\n<h4><b>3. Explore given interest options\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Some financial institutions offer higher interest rates on deposits in some<\/span>\u00a0accounts<span style=\"font-weight: 400;\">, which help businesses earn more while saving funds simultaneously. According to experts, directors should explore the interest options of different banks, discuss among themselves and choose one.\u00a0\u00a0<\/span><\/p>\n<h4><b>4. Consider different features offered<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">It is advisable to explore the features of a current account of different banks to make a more informed decision. For example, while some banks offer a <\/span>corporate account<span style=\"font-weight: 400;\"> with mobile banking features, others may have specified transaction or balance limits. Therefore, business owners must check whether their goals align with the account&#8217;s features.\u00a0<\/span><\/p>\n<h4><b>5. Check local regulations\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Tax regulations of a current<\/span>\u00a0account<span style=\"font-weight: 400;\"> may vary depending on the business type and location. Generally, companies consult legal experts who are adept at taxation rules to ensure that the business is in full compliance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To sum up, companies with a board of directors must open a <\/span>corporate account <span style=\"font-weight: 400;\">for ease of financial management. It has numerous benefits, such as more investment opportunities and security. In addition, registered businesses can consider opting for RazorpayX-powered current accounts to manage their finances smoothly and efficiently.\u00a0<\/span><\/p>\n<p><strong>Also read<\/strong>: <a href=\"https:\/\/razorpay.com\/blog\/business-banking\/what-is-corporate-banking\/\">Corporate Banking 101<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"rank-math-rich-snippet-wrapper\"><div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-1\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">1. Is it mandatory for a director to act as an authorised person for a corporate account?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>A business entity doesn't need to assign a director as an authorised person. Anyone associated with a business can be the authorised person. But, if it is a director, he must submit his PAN and DIN details.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-2\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">2. What are the documents required for opening a corporate account? <\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Listed below are the documents required for a corporate account:<br \/>\n1. Filled application form<br \/>\n2. Article of Association<br \/>\n3. Memorandum of Association<br \/>\n4. Board Resolution<br \/>\n5. Certificate of Incorporation<br \/>\n6. Proof of Address <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-3\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">3. Does a corporate account affect an individual's credit score?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>A corporate account does not affect an individual's credit score as it operates on behalf of a business. The EIN (Employer Identification Number) is used to open this bank account.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-4\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">4. What are the five most popular services that corporate account holders enjoy?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Listed below are the critical auxiliary services that come with corporate accounts:<br \/>\n1. Online banking, remittances, and phone banking<br \/>\n2. Insurance and mutual funds<br \/>\n3. Debit cards and credit cards<br \/>\n4. International transactions and ATM withdrawals<br \/>\n5. Deposits and safe lockers <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-5\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">5. Where can I view all transactions from my RazorpayX powered current account?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Every transaction made through a RazorpayX current account will be displayed on the dashboard under the 'Account Statement' tab.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is Corporate Account? A corporate account or a company account is a bank account opened for a company. The account is used to\u00a0facilitate business transactions, receive income, and store funds.\u00a0 Every business should have a corporate bank account; corporate accounts offer significant benefits to businesses, with features like tax filings, credit and loans, automated<\/p>\n","protected":false},"author":106,"featured_media":9966,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[288,345],"class_list":{"0":"post-9947","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-banking","8":"tag-business-banking","9":"tag-business-banking-services"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/9947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=9947"}],"version-history":[{"count":4,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/9947\/revisions"}],"predecessor-version":[{"id":21337,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/9947\/revisions\/21337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/9966"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=9947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=9947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=9947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}