Overview
Indus Max Current Account is a benefit-oriented Bank Account that offers you a host of value-for-money and practical features to help you grow your business. Ideal for small businesses with an Average Monthly Balance (AMB) requirement of Rs. 10,000/- only.
Some IBA-Max features that make managing your business account easier include:
- Anywhere Cash deposit limits.
- Free NEFT/RTGS/IMPS.
- Auto Sweep Deposit and Grouping of Accounts facility.
Eligible Customer types for Indus Max variant are : Sole Proprietorship, Partnership, Limited Company / Limited Liability Partnership, Trust / Association / Club / Society
Indus Max Account Features and Benefits
Eligibility
Eligible Customer types for Indus Max variant are : Resident Individual / Hindu Undivided Family (H.U.F.)/ Sole Proprietorship/ Partnership/ Limited Company / Limited Liability Partnership/ Trust / Association / Club / Society.
Indus Max Account Fee & Charges
Schedule of Charges for IBA-Max Accounts
Average Monthly Balance Requirement | Rs.10,000/ - |
Charges for Non-Maintainance of AMB | Rs. 750 per month if AMB is >=50% but <100% & Rs. 1000 per month if AMB is <50% |
Cheque Book Issuances (Payable At Par: 50 leaves Book) |
1 cheque book Free per month |
Charges of Cheque Book on additional usage 1 | Rs. 2 per leaf |
DD/PO (At Branch Locations) | |
Free Limit | Rs. 25 lacs per month |
Charges on Additional usage | Rs 1/1000, Min Rs. 25 , Max Rs. 10,000 |
DD/ PO (Correspondent Bank Location) | |
Free Limit | Rs. 5 lacs per month |
Charges on Additional usage | Rs. 2/1000, Min Rs. 100, Max Rs. 15000 |
DD/ PO (Non-Correspondent Bank) | Rs. 3/1000, Min Rs. 100, Max Rs. 15000 |
Cash Transactions
Cash Deposit at Home+Non Home Locations | |
Free Limit per month 4 | Rs. 6 lacs p.m. |
Additional Charges | |
Charges on Additional Deposits | Rs. 4/1000, Min Rs. 50/- Per transaction. |
Cash Withdrawal | |
Cash Withdrawal Non IndusInd ATMs * | Free |
Cash Withdrawal Limit by Debit Card | Limit As per Debit Card Taken, Refer Standard Schedule of Charges for Debit Card |
Stop Payment | |
Cheque | Single cheque Rs. 100,Series cheque Rs. 150, Nil charges if requested through Indus Net/ Indus Mobile/ IVR |
Cheque Return | |
Inward For Financial Reasons | Upto 2 instruments per month- Rs. 350 per instrument On 3rd & 4th instrument - Rs. 500 per instrument 5th instrument onwards - Rs. 750 per instrument |
Outward | IndusInd Locations-Rs. 50 per cheque Other Locations-Rs 100 per cheque + Out of pocket Expenses |
NACH / ECS | |
NACH / ECS Return | Rs. 200 |
Debit Card | |
Gold/Titanium Debit Card | Issuance, Annual Charges, Replacement & Supplementary Card - Rs. 249/- |
Platinum Business CHIP Debit Card | Issuance, Annual Charges & Supplementary Card- Rs 699, Replacement Card Rs.-249/- |
Balance Inquiry Outside India | Rs. 20/- per transaction |
ATM/POS Limit on Debit Card | Limit As per Debit Card Taken, Refer Standard Schedule of Charges for Debit Card |
Account Statement | |
Adhoc Statement printed | Rs. 10 per page |
Charges | |
Cheque Pickup (On call) | Upto 3 pickups free in a month |
Cheque Pickup (Beat) Per month | Rs. 500 |
Door Step Cash upto Rs. 2 Lacs (Per Call) | Rs 150 per call |
Door Step Cash above Rs. 2 Lacs (Per Call) | Standard Charges: From 2 to 5 Lacs-Rs 250, From 5 to 10 Lacs-Rs 400, From 10 to 20 Lacs-Rs 800, Contact branch for cash above 20 Lacs |
Door Step Cash (Beat) Per month | Standard Charges: Up to Rs 1 Lac- Rs 2000, From 1 to 2 Lacs-Rs 3000, From 2 to 5 Lacs-Rs 5500, From 5 to 10 Lacs-Rs 9000, From 10 to 20 Lacs-Rs 16000 Contact branch for cash above 20 Lacs |
Collections | Local Cheque Deposit | Cheques deposited at any location of Indusind Bank for clearing in the same location | Funds Transfer within IndusInd Bank 2 | Outstation Cheque Deposit on Indusind Bank Location |
Payments | "Anywhere Payment: Cheques paid at any location of Indusind Bank | Cash Withdrawal-Any IndusInd Bank Branch or ATM 3 | Funds Transfer within IndusInd Bank 2 |
Other Services | Balance Inquiry at Other ATMs within India | Email Statement (Daily) | Dormant Account Activation Charges | Internal Transfer Return Charges | Account Closure Charges |
NEFT / RTGS / IMPS | Branch | Online |
IMPORTANT: If Average Monthly Balance is maintained less than 60% of the product selected, free limits will not be applicable and below mentioned Standard charges will apply. |
1. Standard Charges per cheque leaf is Rs. 2/- |
2. Standard Charges for funds transfer trasaction is Rs. 15/- per cheque |
3. Standard Charges for cash withdrawal at Non-Home Location is Rs. 2.5/1000 minimum Rs. 50 |
4. Standard Charges for Cash deposit at Home location/Non-Home Location:Rs. 4/1000 minimum Rs. 50/-. |
* Cash Withdrawal Non IndusInd Bank ATM is unlimited Free for balance above Rs. 10,000 in previous month. If balance in previous month is less than Rs. 10,000 then 5 transactions free, beyond which charges of Rs. 21 per transaction will be applicable. | Cash Withdrawal outside Indis Rs. 125 |
+Available in Select Locations only |
PAP- Payable At Par |
GST as applicable on charges |