Finance your musical career with Current Account

Every musician, be it a budding artist or an established name, knows the tune too well: while raw talent and unbridled passion set the stage, the grand performance often hinges on the backing of sound financial support. Instruments, equipment, marketing, studio rent, production costs—the list is long, and the expenses even longer. However, there lies an untapped note—a financial solution that can amplify your dreams and aspirations. Current Accounts, often the unsung heroes, are here to aid your musical journey.

Current Account for professionals

To the uninitiated, a Current Account might sound like a financial instrument exclusively reserved for the business big leagues. But, when tuned correctly, it can be the backbone of financial management for independent professionals, including musicians, artists and freelancers.

1. High transaction volume:
Ideal for artists with diverse revenue streams like royalties, gigs, merchandise sales, and collaborations.

2. Overdraft facility:
A safety net for those unpredictable moments in a musician's journey, be it a sudden concert opportunity or an unforeseen production cost.

3. Efficient payment solutions:
An integrated approach to managing funds, ensuring timely payments to band members, producers, managers and other stakeholders.

Within various Current Accounts, Axis Bank's Digital Liberty Current Account is tailored for sole proprietorships and professionals. The idea of delving into bank procedures might sound complex, but it doesn't have to be. This is where Digital Liberty Current Account as a Proprietorship Current Account stands out.

1. PAN and Aadhaar verification:
Begin with a straightforward verification of your personal credentials. This ensures that your financial operations are secure and transparent.

2. Entity KYC with GST and Udyam:
Authenticate your business's legal standing, making sure you're recognised in the professional arena for the services you offer.

3. Fill personal & business details:
Provide comprehensive details, ensuring your banking services are tailored to your specific needs and preferences.

4. Video KYC:
A quick, real-time video call to authenticate your identity. With trained professionals on the other side, this process is smooth, swift and secure.

5. Fund your account:
The culmination of the process, where you seed your account, setting the stage for future transactions.

Documentation needed

Venturing into the banking world might seem daunting, but with the right documents, it's as easy as playing your favourite tune. For most individual-based Current Accounts, documentation includes:



• Valid identity and address proofs.
• A recent passport-sized photograph.
• Relevant business proofs or licenses.

With these in your repertoire, you're ready to march to the financial beats seamlessly.

Axis Bank Advantage Current Account

• Contactless Account Opening: Save precious time with an end-to-end journey that's completed in just 20 minutes.
• Zero Document Upload: A truly digital experience that eliminates the need for physical paperwork.
• 250+ Banking Services:From bill payments to bulk transfers, every service is designed to support your business needs.
• Business Classic Debit Card:An enhanced financial tool, enriched with value-added features suitable for professionals.
• Unlimited chequebook and DD/PO Issuance:Crafted for business flexibility without the constraints of limited resources.

Beyond Current Account charges

Knowledge is power, and in the world of finance, it's the key to harmonious operations. Being aware of the nuances of your account charges can make all the difference:

1. Monthly Average Balance (MAB):
Much like the backbone of a musical piece, the MAB is the steady sum you're expected to maintain monthly. Keeping in sync with this baseline avoids additional costs and ensures financial harmony.

2. Transaction costs:
Each transaction beyond the set limit is akin to an additional note in a song—adding depth but at a cost. Being aware of these nuances ensures seamless financial orchestration.

3. Overdraft interest:
Like an occasional high note in a composition, overdrafts allow flexibility by accessing extra funds. However, these come at a price, and knowing the interest helps in making informed borrowing decisions.

However, the silver lining shines bright. Many reputed banks, including Axis Bank, offer competitive rates and often harmonise these with additional perks and benefits.

Also Read: A Current Account can shape your entrepreneurial success

In conclusion

A musician's journey is a masterpiece in the making, a blend of chords, notes, highs, and lows. But the path can be less daunting and more rewarding with the right financial partner, investments, and tools like a Current Account for Sole Proprietors by Axis Bank. As you pick up your instrument, ready to serenade the world, remember that with the right financial accompaniments, the world can indeed be your stage.
Embark on a crescendo of financial success and explore the array of Current Accounts, including one specifically designed for individual proprietors, ensuring your music always finds its audience.

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.