Slice Business Current Account is a digital banking option for eligible business owners who need an account for business and commercial transactions. One of its main features is that it does not require a monthly minimum balance under the published terms. In this article, we explain the account's benefits, maintenance charges, debit card, cheque book, passbook, online money transfers, cash deposit rules, eligibility requirements, documents and online application process in simple English.
This article covers the Slice Business Digital Current Account, not a personal savings account. Account opening is subject to eligibility, KYC verification, document checks and bank approval. Charges and conditions may change.
Table of Contents
- What Is Slice Business Current Account?
- Main Benefits and Features
- Account Features at a Glance
- Maintenance Charges and Fees
- Online Money Transfer Facilities
- Debit Card and ATM Charges
- Cheque Book and Passbook
- Cash Deposit and Withdrawal Charges
- Eligibility Requirements
- Documents Required
- How to Open the Account Online
- Invite Code and Application Link
- WhatsApp Support and Telegram Group
- Frequently Asked Questions
What Is Slice Business Current Account?
Slice Business Current Account is a Digital Current Account offered by slice Small Finance Bank Limited. It is designed for eligible customers who need a bank account for business and commercial transactions.
According to the bank's published terms, the account has no monthly minimum balance requirement. This can be useful for eligible business owners who want to manage their business funds without maintaining a fixed monthly balance just to meet a minimum-balance condition.
However, a zero-balance facility does not mean that every banking service is free. Certain card, ATM, cheque and cash transactions may attract charges.
No monthly minimum balance is required for the Slice Digital Current Account under the published terms. Account opening remains subject to eligibility and successful KYC verification.
Main Benefits and Features
1. Zero Minimum Balance
The account has no monthly minimum balance requirement under the published terms. Eligible customers do not need to maintain a fixed monthly amount solely to satisfy a minimum-balance condition.
2. No Non-Maintenance Charge
The published pricing lists the non-maintenance charge as ₹0. Other service and transaction charges may still apply.
3. No Account Closure Charge
The published pricing lists the account closure charge as ₹0. You should still settle any outstanding dues and follow the bank's account closure process.
4. Online Fund Transfers
The published pricing lists NEFT, RTGS and IMPS transfer charges at ₹0. Transaction limits, beneficiary verification and security checks may still apply.
5. Virtual Debit Card
Virtual debit card issuance is listed at ₹0 under the published pricing. Availability depends on the account setup and applicable card terms.
6. Optional Physical Debit Card
A physical debit card is optional. The published pricing lists a ₹300 issuance charge and a ₹300 re-issuance charge. Annual debit card maintenance is listed at ₹0.
7. Cheque Book Facility
The published tariff lists 25 cheque leaves free annually. Additional cheque books and certain cheque-related services may be chargeable.
8. Physical Passbook
Physical passbook issuance is listed at ₹0. A courier charge of ₹40 may apply when delivery by courier is requested.
9. Digital Banking Convenience
Eligible customers can use the bank's available digital facilities to manage permitted account services and electronic transfers. Available features depend on the account and the bank's current terms.
Slice Business Current Account at a Glance
| Feature | Published Details |
|---|---|
| Account Type | Digital Business Current Account |
| Monthly Minimum Balance | No minimum balance requirement |
| Non-Maintenance Charge | ₹0 |
| Account Closure Charge | ₹0 |
| NEFT Transfer | ₹0 |
| RTGS Transfer | ₹0 |
| IMPS Transfer | ₹0 |
| Virtual Debit Card Issuance | ₹0 |
| Physical Debit Card Issuance | ₹300 |
| Annual Debit Card Maintenance | ₹0 |
| Cheque Book | 25 leaves free annually |
| Physical Passbook Issuance | ₹0 |
| Passbook Courier | ₹40 where applicable |
| Interest on Account Balance | No interest paid |
Note: These details reflect published account terms and pricing. Applicable charges and facilities may change.
Maintenance Charges and Other Fees
Before opening a Slice Business Current Account, understand which facilities are free and which services may attract a fee.
| Service | Published Charges or Conditions |
|---|---|
| Monthly Minimum Balance | No minimum balance requirement |
| Non-Maintenance Charge | ₹0 |
| Account Closure | ₹0 |
| NEFT / RTGS / IMPS | ₹0 |
| Virtual Debit Card Issuance | ₹0 |
| Physical Debit Card Issuance | ₹300 |
| Physical Debit Card Re-Issuance | ₹300 |
| Annual Debit Card Maintenance | ₹0 |
| Demand Draft | Up to 10 per month free; ₹50 per DD beyond the free limit |
| SMS Alerts | 500 free per month; ₹0.13 per additional SMS |
| Physical Passbook Issuance | ₹0 |
| Passbook Courier | ₹40 where applicable |
Zero balance does not mean unlimited free banking. Physical cards, ATM transactions beyond free limits, cheque services and certain cash transactions may attract charges.
Online Money Transfer Facilities
Slice Business Current Account provides electronic fund transfer facilities for eligible account holders. According to the published pricing, NEFT, RTGS and IMPS transfer charges are ₹0.
| Transfer Method | Purpose | Published Charge |
|---|---|---|
| NEFT | Electronic transfer of money between bank accounts. | ₹0 |
| RTGS | Real-time gross settlement for eligible transfers. | ₹0 |
| IMPS | Immediate electronic fund transfer, subject to applicable limits. | ₹0 |
The charges shown above are based on the published pricing. Transfer limits, beneficiary verification and security checks may apply. The bank's applicable rules will determine the services available to your account.
Debit Card and ATM Charges
The physical debit card is optional. Before requesting one, check the issuance charge and the applicable ATM transaction limits.
| ATM Service | Published Charges and Limits |
|---|---|
| Cash Withdrawal at Slice ATM | 5 free cash withdrawals per month; ₹27 per withdrawal beyond the free limit |
| Non-Financial Transaction at Slice ATM | Free under the published tariff |
| Transactions at Other Banks' ATMs | 5 free transactions per month; charges may apply beyond the free limit |
| Cash Withdrawal at Another Bank's ATM Beyond the Free Limit | ₹27 per transaction |
| Non-Financial Transaction at Another Bank's ATM Beyond the Free Limit | ₹10 per transaction |
ATM charges depend on the transaction type, available free limits and applicable banking rules. Check the latest card terms before using an ATM service that may attract a fee.
Cheque Book and Passbook Facilities
Cheque Book Charges
| Cheque Service | Published Charge or Condition |
|---|---|
| Cheque Leaves | 25 leaves free annually |
| Additional 10-Leaf Cheque Book | ₹100 |
| Additional 25-Leaf Cheque Book | ₹150 |
| Inward Cheque Return | ₹150 per cheque |
| Outward Cheque Return — Non-Financial | ₹50 per cheque |
| Cheque Return Due to Insufficient Funds | ₹50 per cheque |
| Stop Payment | ₹50 per cheque or ₹100 per series |
The free cheque-leaf allowance and other fees are subject to the bank's current schedule of charges.
Physical Passbook
| Passbook Service | Published Charge |
|---|---|
| Physical Passbook Issuance | ₹0 |
| Courier Delivery | ₹40 where applicable |
The bank's terms indicate that customers can request a physical passbook through the available banking channel. Availability and delivery arrangements should be confirmed during onboarding or account servicing.
Cash Deposit and Withdrawal Charges
Cash deposit and withdrawal fees are important for businesses that handle cash regularly. The bank's published pricing sets conditions for branch cash transactions and charges when the applicable limit is exceeded.
| Cash Service | Published Conditions |
|---|---|
| Branch Cash Deposit | No charge within the applicable free limit |
| Branch Cash Withdrawal | No charge within the applicable free limit |
| Cash Deposit Beyond the Applicable Limit | ₹5 per ₹1,000 deposited, with a minimum charge of ₹50 per transaction |
The published pricing describes the branch cash deposit and withdrawal free limit by reference to the previous month's maximum balance/activity. Confirm the exact applicable limit and calculation with the bank before making large or frequent cash transactions.
If your business deposits or withdraws cash frequently, check the applicable free limits and additional charges carefully. A zero-balance account does not necessarily provide unlimited free cash transactions.
Eligibility Requirements
Applicants must meet the bank's eligibility requirements and complete the required verification process. The published terms state that self-employed individuals and sole proprietorships, along with other categories permitted by the bank, may be eligible.
| Requirement | Details |
|---|---|
| Age | 18 years or older |
| Citizenship and Residency | Indian citizen and resident of India |
| Physical Presence | Must be in India during the applicable digital application and/or Video KYC process |
| Business Type | Eligible self-employed individuals and sole proprietorships, or other categories permitted by the bank |
| GST Registration | Mandatory for the specified eligible applicant category |
| Udyam Registration | Mandatory for the specified eligible applicant category |
| KYC | Required before account activation |
The published terms also specify other requirements, including tax-residency, PEP and banking-exposure declarations. The bank may apply additional eligibility conditions and can reject an application following its checks.
Documents Required
Keep the following information ready before starting your application. The exact documents required may depend on your business type and the bank's verification process.
| Document or Information | Purpose |
|---|---|
| PAN Card | Identity and tax verification |
| Aadhaar or Another Permitted Verification Method | KYC and identity verification |
| Active Mobile Number | OTP and account-related communication |
| Email Address | Account information and communication |
| GST Registration Details | Business verification where required |
| Udyam Registration Details | Business verification where required |
| Business Name and Address | Business identification and verification |
| Additional Documents | Any further documents requested by the bank |
The bank may request additional information, perform contact-point verification or require Video KYC. Follow the instructions shown during the application process.
How to Open Slice Business Current Account Online
Follow these steps carefully to begin your application.
- Open the application link: Use the Slice referral link provided in the next section.
- Enter your mobile number: Use your active number and complete OTP verification if requested.
- Fill in your personal details: Provide accurate information as shown on your documents.
- Enter your business details: Provide the business name, address, business type and registration details requested.
- Complete PAN and KYC verification: Follow the identity-verification instructions.
- Provide required business registrations: Submit GST and Udyam details where required for your applicant category.
- Enter your invite code: If the invite-code field appears and the code has not already been applied, enter 7001697354.
- Complete additional verification: Follow the instructions for Video KYC or any further checks requested.
- Review the terms: Read the fees, limits and account conditions carefully.
- Submit your application: Check your details and invite-code field before submitting.
- Wait for approval: Account activation depends on successful verification and approval by the bank.
Application Link and Invite Code
You can start your Slice Business Current Account application using the link below. During onboarding, check whether your invite code has been applied. If the application displays an invite-code field and it is blank, enter the code before submitting.
Click the button below to begin your Slice Business Current Account application.
Invite Code: 7001697354
Enter 7001697354 in the designated invite-code field if it appears during onboarding and has not already been applied.
Before submitting your application, confirm whether the invite code has been applied correctly. If you cannot find the invite-code field, contact Slice support before completing the process. The link and code do not guarantee account approval or any particular offer.
WhatsApp Support and Telegram Group
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Need help with the Slice Business Current Account application? Send us a message on WhatsApp.
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Frequently Asked Questions (FAQ)
1. Is Slice Business Current Account a zero-balance account?
Yes. The published terms state that the Digital Current Account has no monthly minimum balance requirement. Other service and transaction charges may still apply.
2. Is there a monthly maintenance charge?
The published pricing lists the non-maintenance charge as ₹0. Certain card, ATM, cheque and cash transactions may still be chargeable.
3. What is the Slice invite code?
The invite code provided for this application is 7001697354. Enter it in the designated field if it appears during onboarding and has not already been applied.
4. Which application link should I use?
Use the Slice application link provided in this article: Open Slice Business Current Account.
5. Are NEFT, RTGS and IMPS transfers free?
The published pricing lists these transfer charges at ₹0. Transaction limits, beneficiary verification and security checks may still apply.
6. Is a physical debit card free?
