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Forum Moderators: LifeinAsia
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You really ARE new. Are you starting a factory producing goods that fall into the reserved category of small scale sector in India? FYI, this sector has really been pruned recently and very few goods now enjoy this protection.
However opening a current account has nothing to do with any industry or registration. You can do so with any bank ( even as a proprietor). Working from home has nothing to do with the nature of your bank account.
However, most banks will insist on a minimum quarterly balance of some amount..maybe INR 5000 or INR 10,000. Explore with a few local banks to find the best deal.
BTW, a current account is NOT a necessity before starting a business. You can continue to work with your existing personal saving account, till you register your company.