Digital Current Account Built for Freelancers and Consultants
Open Flo, an all-in-one Digital Banking Platform, offers India’s first individual current account integrated with smart business tools to help you manage your invoices, payments, accounting and taxes.
AN INDIVIDUAL CURRENT ACCOUNT PACKED WITH BENEFITS
When it comes to freelancers and consultants, a regular bank account just won’t make the cut. That's why we've partnered with Axis Bank to offer a digital current account that is built just for you.
- Contactless account opening
- Zero document upload
- No service charge
- Upto 50% cashback on Amazon, Flipkart and more
Get an Axis Bank debit card with your digital current account! And gain access to Axis Bank branch outlets & cheque books for your business.
Smart business tools to manage your invoices, track payments, pay vendors and manage your accounting and taxes.
Avail flexible financing solutions with collateral-free business loans of up to 30 lakhs.
GET STARTED IN JUST 4 SIMPLE STEPS
Sign up & enter basic details
PAN and Aadhar verification
Complete video KYC verification
Activate your account
our Benefits
Make your invoicing process seamless, get paid faster and track your income easily with Open Flo
Invoices
Create and send estimates and branded GST invoices to clients. Receive payments via bank transfers and online payment links. Automatically match your payments against invoices to automate your accounting.
Payments
Upload your bills to make superfast vendor payments and automatically match them to bills to automate accounting. Get a bird’s eye view of all your bills and manage your finances better.
Expense Management
Leverage our expense management tools to separate your personal and business expenses. Manage your online subscriptions and purchases with virtual cards. Use our expense tracking feature to keep track of all your expenses.
TRACK YOUR CASH FLOW BETTER WITH AUTOMATED ACCOUNTING AND GST MANAGEMENT
MANAGE CASH FLOW
Stay in control of your cash flow with detailed insights and reports on profits, income, expenses and more.
BOOKKEEPING
Manage your bookkeeping with the automated accounting feature and generate insightful bookkeeping and cash flow reports.
GST & TAX MANAGEMENT
Effortlessly manage, file and pay your GST challan and TDS in a few clicks.
GET BUSINESS LOANS UPTO 30 LAKHS TO GROW YOUR FREELANCING & Consulting BUSINESS
ZERO COLLATERAL
Get a completely digital business loan up to 30 lakhs just based on your freelancing or consulting project earnings with zero collaterals.
Flexible EMIs
Clear your loan within a tenure of up to 60 months with easy monthly installments.
Don't Take Our Word For It - Hear From Our Customers
"As a freelancer, separating my personal and business finances was chaos! But once I started using the Axis Bank Digital Current Account for my business, managing my finances has become so much easier. It's a complete solution for all my financial needs."
"Open Flo and the digital current account it comes with has really changed the way I manage my consulting finances. As someone who is always on the go, I have struggled to keep track of my cash flow in the past, but Open Flo has changed that for me. The reports feature on the platform gives me complete visibility of my income and expenses."
"Once I started using the Axis Bank digital current account, it has been a game-changer for me when it comes to getting paid on time. With Open Flo, I can easily create and send branded invoices to my clients with inbuilt payment links. I can also set up automatic reminders to ensure that my clients don't forget to pay their invoices!"
Have a Question? We Have Answers!
In which bank will my current account be opened?
Your current account will be opened with Axis Bank through a completely online journey, where you will only need your Aadhar and PAN card.
Do I need to maintain an average monthly balance (AMB) in my digital current account with OPEN Flo?
Yes, there is a minimum balance requirement of Rs. 7500 if you are from a rural area, and Rs. 15000 in an urban area.
How can I apply for a current account with Open Flo?
You can easily apply for a current account by signing up on flo.open.money and filling in some basic information. You will then need to verify your PAN card and Aadhaar card, and complete a video KYC where you will need to produce the original documents with a bank representative. After that, you just need to add an initial funding of Rs. 10000, and your account will be fully functional within 48 hours.
Do merchants need to visit a branch to apply for a current account?
No, the process of applying for a current account via Open Flo is completely online. Bank officials will only connect with you if additional documentation or signatures are required.
What are the benefits of creating a current account via Open?
Creating a current account via Open Flo is as simple as opening a traditional bank account, perhaps even easier. It is an all-in-one digital banking platform built for Freelancers and Consultants. Open Flo comes with tools for creating and sending estimates, managing invoices and payments, tracking client payments, paying vendors, handling expenses, and managing accounting and taxes.
Are there any additional charges or processing fees for opening a current account?
There are no additional charges for creating a current account. However, businesses are required to share an initial funding of Rs. 10,000 as a mandate set by the RBI. The amount will reflect as an account balance once the account is active, and can be withdrawn from your current account or used for making business transactions anytime..
You can refer to the all transactional charges here: https://www.axisbank.com/docs/default-source/default-document-library/schedule-of-charges-for-digital-current-account-30092020.pdf