Chqbook partners with NSDL Payments Bank

Chqbook on Wednesday joined hands with National Securities Depository Limited (NSDL) Payments Bank to launch a zero-balance digital current account for small business owners. The Chqbook’s current account for business will allow businesses to make deposits, withdrawals and will also accept UPI transactions.

Small business owners like kiranas, chemists and others running small proprietorship establishments can open a current account on the Chqbook App from their smartphones in any of the eight languages available, including English.

The digital current account allows downloading of account statements, and adding and managing beneficiaries, while ensuring easy fund transfers with enhanced biometric security. The current account facility on the Chqbook App digitizes the entire process of account opening, said the company’s statement.

Vipul Sharma, Founder and CEO, Chqbook said “We want to ensure that when a small business signs up with us, we offer them all financial services that they need to run and grow their business.”

The digital current account will have zero maintenance charges and it will also provide  a zero-fees Rupay debit card, the company said. In addition to that, customers will also have the option to avail a payment acceptance device and the point of sale machine through the Chqbook App.