IndusInd Bank Current Account

This account variant provides users with unlimited free fund transfer option and free cheque transactions across all locations. The variant is a specialised product for the manufacturers, C & F agents and bulk trade segments.

Primary Features	Charges
Average Monthly Balance Requirement	Rs.5 lakh
Charges for non-maintenance of AMB	Rs.3000 per month (if AMB >=50%)
Cheque book issuances	10 cheque books free per month
Cash Deposit (at home location)	Free up to 10 times of AMB
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

The users get the privilege of free PAP cheque books and free intercity account to account fund transfer within IndusInd Bank. A specialised product for showroom owners, exporters, service industries etc.

Primary Features	Charges
Average Monthly Balance Requirement	Rs.1 lakh
Charges for non-maintenance of AMB	Rs.1250 per month (if AMB >=50%)
Cheque book issuances	5 cheque books free per month
Cash Deposit (at home location)	Rs.12 lakh free per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

Get free demand draft and pay order up to Rs.50 lakh per month on IndusInd locations. The users get the privilege of 100 PAP cheque leaves per month. 

Primary Features	Charges
Average Monthly Balance Requirement	Rs.50,000
Charges for non-maintenance of AMB	Rs.750 per month (if AMB >=50%)
Cheque book issuances	2 cheque books free per month
Cash Deposit (at home location)	Free up to Rs.6 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

The account comes with a low minimum balance requirement of Rs.25,000. Avail free collection of cheques deposited at IndusInd locations, up to Rs.30 lakh per month. Also, get free correspondent bank DD up to Rs.5 lakh per month.

Primary Features	Charges
Average Monthly Balance Requirement	Rs.25,000
Charges for non-maintenance of AMB	Rs.500 per month (if AMB >=50%)
Cheque book issuances	1 cheque books free per month
Cash Deposit (at home location)	Free up to Rs.3 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

This account variant comes with basic services and the users get the privilege of free account to account fund transfer within IndusInd Bank and faster credit to account. 

Primary Features	Charges
Average Monthly Balance Requirement	Rs.10,000
Charges for non-maintenance of AMB	Rs.350 per month (if AMB >=50%)
Cheque book issuances	1st cheque book free
Cash Deposit (at home location)	Free up to Rs.2 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

The account comes with added benefits like reporting of fund transfer and FOREX remittance to Escrow Account. Get expert relationship manager with a highly competent and skilled operations team.

Primary Features	Charges
Agreement Templates	Escrow agreement template to reduce lead time
Business Operations	Complete transparency in business operations
Confidentiality	Highest level of client confidentiality
Currency Remittance	Hassle-free foreign currency remittance
Trade Location	From India to any country across the world and from international location to India
Transactions handling	Core team specialised to handle transactions
Documents	Required by authorized dealers for submission to RBI on FOREX inflow or outflow
Relationship Manager	Expert manager with highly competent and skilled operations team

This account is zero balance current account provided by IndusInd Bank. This variant is best suited for small or medium business / enterprise. The user gets the privilege of a free cheque book.

Primary Features	Charges
Average Monthly Balance Requirement	Zero
Charges for non-maintenance of AMB	Rs.600 per month (if AMB >=50%)
Cheque book issuances	Free
Cash Deposit (at home location)	Free up to Rs.4 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

This account variant provides the user with platinum and gold chip debit card and free 100 PAP cheque leaves per month. The users get a free cash deposit limit of up to Rs.6 lakh per month.

Primary Features	Charges
Average Monthly Balance Requirement	Rs.40,000
Charges for non-maintenance of AMB	Rs.1000 per month (if AMB >=50%)
Cheque book issuances	2 cheque books free per month
Cash Deposit (at home location)	Free up to Rs.6 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

This account variant is specially designed for traders, retailers, small and mid-size manufacturers, hotels, travel agencies, exporters, importers and logistic firms.

Primary Features	Charges
Half-yearly Average Balance Requirement	Rs.10,000
Charges for non-maintenance of HAB	Rs.1500 per half year (if below Rs 10,000)
Cheque book issuances	1 cheque books free per month
Cash Deposit (at home location)	Free up to Rs.10 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

This is a trade current account catering to all the cross border transactions specifically. The account enhances client delight by delivering timely resolutions to the individual’s needs.

Primary Features	Charges
Average Monthly Balance Requirement	Nil
Charges for non-maintenance of AMB	NA
Cheque book issuances	5 cheque books free per month
Cash Deposit (at home location)	Free up to Rs.12 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

This account variant is specially designed for international business. This trade account is a complete package offering a wide variety of customised products with value added features. 

Primary Features	Charges
Average Monthly Balance Requirement	Rs.1 lakh
Charges for non-maintenance of AMB	Rs.1250 per month (if AMB >=50%)
Cheque book issuances	5 cheque books free per month
Cash Deposit (at home location)	Free up to Rs.12 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

This product is specially designed for traders / merchants who want to avail POS / PG facility. With this variant, POS/PG facility can be opted at the time of account opening itself and all documentation can be done in one go.

Primary Features	Charges
Average Monthly Balance Requirement	Nil
Charges for non-maintenance of AMB	NA
Cheque book issuances	1 cheque book free per month
Cash Deposit (at home location)	Free up to Rs.3 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

This account variant has been specially crafted for the specific business needs in the agricultural trading market. Avail free NEFT / RTGS and IMPS services.

Primary Features	Charges
Average Monthly Balance Requirement	Rs.1 lakh
Charges for non-maintenance of AMB	Rs.4000 per month
Cheque book issuances	2 cheque books free per month
Cash Deposit (at home location)	Free up to 15 times of previous AMB
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

This product has been specially crafted to cater to the business needs of individuals in the textile industry. The users get the privilege of free cash deposit of up to Rs.5 lakh per month.

Primary Features	Charges
Average Monthly Balance Requirement	Rs.60,000
Charges for non-maintenance of AMB	Rs.800 per month
Cheque book issuances	3 cheque books free per month
Cash Deposit (at home location)	Free up to Rs.5 lakh per month
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free unlimited for balance above Rs.10,000
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

It is a comprehensive solution for IT / ITES / KPOs / BPOs. A complete package with the best-in-class banking products and services that include Current Account, Trade & Forex, Salary Account and Retail Forex Services.

Primary Features	Charges
Average Monthly Balance Requirement	Zero
Charges for non-maintenance of AMB	NA
Cheque book issuances	Free
Cash Deposit (at home location)	10 times of previous month AMB
Cash Withdrawal (home location)	Free
Cash Withdrawal (other ATMs)	Free
Email Statement (daily)	Free
NEFT / RTGS / IMPS	Free

Account Type	Primary Features
	Average Monthly Balance (AMB)	Non-maintenance charges (per month)	Cash Deposit (home branch)	Cash Withdrawal (non-home branch)
Indus Prestige Current Account	Rs.5 lakh	Rs.3000	Free up to 10 times of AMB	Free
Indus Gold Plus Current Account	Rs.1 lakh	Rs.1250	Rs.12 lakh free per month	Free
Indus Gold Current Account	Rs.50,000	Rs.750	Free up to Rs.6 lakh per month	Free
Indus Silver Current Account	Rs.25,000	Rs.500	Free up to Rs.3 lakh per month	Free
Indus Blue Current Account	Rs.10,000	Rs.350	Free up to Rs.2 lakh per month	Free
Indus Escrow Current Account	NA	NA	NA	NA
Indus Freedom Current Account	Zero	Rs.600	Free up to Rs.4 lakh per month	Free
Indus Silver Plus Current Account	Rs.40,000	Rs.1000	Free up to Rs.6 lakh per month	Free
Indus Green Current Account	Rs.10,000 (half-yearly average balance)	Rs.1500 per half year	Free up to Rs.10 lakh per month	Free
Indus EXIM	Zero	NA	Free up to Rs.12 lakh per month	Free
Indus Dollar One Trade Account	Rs.1 lakh	Rs.1250	Free up to Rs.12 lakh per month	Free
Indus Merchant Plus	Zero	NA	Free up to Rs.3 lakh per month	Free
Indus Grain Merchant Flexi	Rs.1 lakh	Rs.4000	Free up to 15 times of AMB	Free
Indus Textile Current Account	Rs.60,000	Rs.800	Free up to Rs.5 lakh per month	Free
Indus Infotech Current Account	Zero	NA	Free up to 10 times of AMB	Free

The below mentioned entities are eligible to open a current account with IndusInd Bank. 

• Individuals
• Professionals
• Self Employed Individuals
• Sole-Proprietorship Firms
• Partnership Firms
• Private Limited and Public Limited Companies
• Clubs & Societies
• Trusts & Administrators
• Government & Semi-Government Bodies
• Local Authorities
• Hindu Undivided Family

The customers can open a current account in IndusInd Bank both online as well as offline. Follow the below listed steps for account opening:

Online

Step 1: Visit the official website of IndusInd Bank.

Step 2: Click on the “Account” option given on the home page and click on “Current Account”.

Step 3: In the newly opened page, click on “Apply Now” option.

Step 4: In the redirected page, enter the required details including name, email ID, mobile number, state, city, branch etc. and click on the “Apply Now” option. 

Step 5: After successful submission, the bank representative will contact the applicant for further verification and documentation.

Offline

Step 1: The user needs to visit the nearest IndusInd Bank branch and fill the current account opening form.

Step 2: Then he / she needs to submit the duly filled form along with the required KYC acceptable documents for account opening.

The users can also download the account opening form from the bank’s official website and take a print out and fill out the form. Then submit the duly filled form along with the required KYC acceptable documents at the nearest bank branch.

Below mentioned is the list of KYC documents (proof of name, address and activity of the concern) required for current account opening. However, the current account opening documents may vary according to the type of account chosen.

Documents Required

PAN Card Partnership Deed (in case of Partnership Firm) Certificate of Incorporation, MOA & AOA (in case of Companies) Certificate by Sales Tax or Service Tax authorities (in case of Proprietorship Firm) Address Proof of the Firm / Company / HUF ID Proof and Address Proof of all directors / partners A cheque for opening bank account Photograph

Any one of the following mentioned list from ID and Address proof needs to be submitted along with the current account opening form:

ID and Signature Proof

Passport PAN Card Driving License Voter ID Card Aadhaar Card Employee Identity Card (in case of government employees)

Address Proof

Rent Agreement Bank Statement Voter ID Card Ration Card Passport Driving License Utility Bills (water, electricity etc.)

Q. What is the minimum balance requirement in IndusInd Bank?

A. IndusInd Bank Current Account minimum balance requirement varies from one account variant to another. For Indus Gold Plus Current Account it is Rs.1 lakh, for Indus Blue Current Account it is Rs.10,000.

Q. Can one open zero balance current account in IndusInd Bank?

A. Yes, Indus Freedom, Indus Merchant Plus, Indus EXIM and Indus Infotech are the zero balance current account variants provided by IndusInd Bank.

Q. Can an individual open a current account in IndusInd Bank?

A. Yes, any individual is eligible to open a current account in IndusInd Bank provided that the applicant has all the required KYC acceptable documents for account opening.

Q. Does IndusInd Bank levies penalty for non-maintenance of account balance?

A. Yes, the bank levies penalty for non-maintenance of monthly average balance. However the amount varies from one account variant to another.