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Indus Select Current Account

Overview

Indus One Business AccountĀ is a dynamic 5-tier structured current account, offering banking solutions for every stage of your business and transforming the way you manage business finances. Its 5-tier structure allows you to choose the accurate product offering depending on your business needs. Whether you are a start-up or an established enterprise, our banking solutions adapts to meet your evolving business needs.

TheĀ 4 Indus One Business tiersĀ option for enrolment are:

  • Tier 1:Ā  Indus One Business T50  – AQB requirement of Rs. 50,000
  • Tier 2:Ā  Indus One Business T100 – AQB requirement of Rs. 1,00,000
  • Tier 3:Ā  Indus One Business T300 – AQB requirement of Rs. 3,00,000
  • Tier 4:Ā  Indus One Business T500  – AQB requirement of Rs. 5,00,000

The 5thĀ Tier - Indus One Business T25Ā is reserved for accounts unable to meet the AQB requirement of Rs.50,000 and is not available for selection during enrolment.

We aim to propel the success of your business by being with you at the every step of your journey.

Benefits of Indus One Business Account Offerings

Experience the peace of mind that comes with knowing your banking solution is always optimized to support your Business growth. With ourĀ auto tier optimization benefits, you can focus on driving your business forward, while we take care of the banking needs.

Dynamic Tier Structure

Dynamic Tier Structure

Our 5 tier dynamic structure is designed to cater to businesses of all sizes and stages, ensuring a perfect fit for each.
Auto Tier Optimization Feature

Auto Tier Optimization Feature

Ensures that your account automatically adapts to meet your evolving business needs, effortlessly maximising your benefits.
Zero Non-maintenance Charges

Zero Non-maintenance Charges

Freedom from Non-maintenance Charges
Flexible Transaction limits

Flexible Transaction limits

Dynamic transaction limits ensure cost efficiency at all times
All-in-One Banking

All-in-One Banking

Enjoy preferential pricing on Trade & Forex, POS and CMS Services
True Anywhere Banking

True Anywhere Banking

Hassle Free banking services across all IndusInd Bank branches.
Locker Discount

Locker Discount

Preferential locker discount rates* basis the tier
Business Debit Card

Business Debit Card

Business Debit Card to facilitate your cash requirement, with the convenience of accessing any bank’s ATM

Indus One Business Account Tiers

Choose the tier best suited for you & start banking with us today!

Fee & Charges of Indus One Business Account

Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā Tiers available for enrolment Not available for enrolment
Indus One Business T50 T100Ā  T300 T500 T25*
Average Quarterly Balance(AQB)Ā  ₹50,000 ₹1,00,000 ₹3,00,000 ₹5,00,000Ā  NA
Charges for Non-Maintenance (NMC) Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā waived Off waived Off

*Indus One Business T-25 is reserved for accounts unable to meet the min AQB requirement of T50 (₹50,000) and is not available for selection during enrolmentĀ 

Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā Tiers available for enrolment Not available for enrolment
Indus One Business T50 T100Ā  T300 T500 T25*
Free Cash Deposit Limit (Home + Non-home Location) 10 times of previous month’s AMB, Maximum 75 Lacs 12 times of previous month’s AMB, Maximum 1 Cr 15 times of previous month’s AMB, Maximum 2 Cr 20 times of previous month’s AMB, Maximum 3 Cr 8 times of previous month’s AMB, Maximum 50 Lacs
Additional charges on incremental depositĀ  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  ₹4/1000 ₹4/1000
Cash Withdrawal Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā Free Free

*Indus One Business T-25 is reserved for accounts unable to meet the min AQB requirement of T50 (₹50,000) and is not available for selection during enrolmentĀ 

Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Tiers available for enrolment Not available for enrolment
Indus One Business T50 T100 T300 T500 T25*
Cheque Leaves Issuance (Payable at Par) 100 leaves free per month 250 leaves free per month 500 leaves free per month Free 50 leaves free per month
Charges on additional usage Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  ₹2 per cheque leaf Free ₹2 per cheque leaf
Funds Transfer within IndusInd Bank Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Free Free
RTGS/NEFT/IMPS (Branch/Online banking) Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Free Free
Demand Draft issuance At Any IndusInd Bank Locations Free limit ₹100 Lakhs per month ₹200 Lakhs per month ₹500 Lakhs per month Free ₹25 Lakhs per month
Charge on Additional Usage Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  ₹1/1000, Min ₹25, Max ₹10,000 Free ₹1/1000, Min ₹25, Max ₹10,000
Demand Draft issuance At Correspondent Bank Locations Free limit ₹10 Lakhs per month ₹40 Lakhs per month ₹50 Lakhs per month ₹60 Lakhs per month ₹5 Lakhs per month
Charge on Additional Usage Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  ₹2/1000, Min ₹100, Max ₹15,000 ₹2/1000, Min ₹100, Max ₹15,000
Demand Draft Issuance at Non-Correspondent Bank Locations Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā   ₹3/1000, Min ₹100, Max ₹15,000 ₹3/1000, Min ₹100, Max ₹15,000

*Indus One Business T-25 is reserved for accounts unable to meet the min AQB requirement of T50 (₹50,000) and is not available for selection during enrolmentĀ 

Ā  Tiers available for enrolment Not available for enrolment
Indus One Business T50 T100 T300 T500 T25*
Local Cheque Collection Free Free Free Free FreeĀ 
Outstation Cheque Collection at IndusInd Bank Location Free Free Free Free FreeĀ 
Outstation Cheque Collection- Cheque Deposited at Non IndusInd Bank Location Instrument Value ChargesĀ Ā  Free Free Free ChargesĀ 
Cheques collection up to and including Rs. 5,000  ₹25 ₹25
Above Rs. 5,000 and up to and including Rs. 10,000 ₹50 ₹50
Above Rs. 10,000 and up to and including Rs. 1,00,000 ₹100 ₹100
Above Rs. 1,00,000Ā Ā  ₹200 ₹200Ā Ā 
RTGS/NEFT/IMPS (Branch/Online banking)Ā  Ā  Free Free

*Indus One Business T-25 is reserved for accounts unable to meet the min AQB requirement of T50 (₹50,000) and is not available for selection during enrolmentĀ 

Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā Tiers available for enrolment Not available for enrolment
Indus One Business T50 T100Ā  T300 T500Ā  T25*
Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā Gold/Titanium Debit Card
Issuance ChargesĀ  FreeĀ  FreeĀ  FreeĀ  FreeĀ  ₹249Ā 
Ā Annual Charges, Replacement and Supplementary Card
₹249Ā  FreeĀ  FreeĀ  FreeĀ  ₹249Ā 
Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Platinum Business Debit CardĀ 
Ā IssuanceĀ  ₹699Ā  FreeĀ  FreeĀ  FreeĀ  ₹699Ā 
Annual Charges and Supplementary CardĀ  ₹699Ā  ₹699Ā  FreeĀ  FreeĀ  ₹699Ā 
Replacement CardĀ  ₹249Ā  FreeĀ  FreeĀ  FreeĀ  ₹249Ā 

*Indus One Business T-25 is reserved for accounts unable to meet the min AQB requirement of T50 (₹50,000) and is not available for selection during enrolmentĀ 

Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā Tiers available for enrolment Not available for enrolment
Indus One Business T50 T100Ā  T300 T500Ā  T25*
Cheque Pickup Facility (On call) Free once in a day Free Once in a dayĀ  Free once in a day Free once in a dayĀ  Up to 3 pickups free in a month, thereafter ₹50 per instance
Cheque Pickup Facility (Beat) Per Month ₹500 FreeĀ  Free FreeĀ  ₹500Ā 
Cash Delivery/Pickup Facility (On call)Ā  Up to 2 LacsĀ  Upto 5 calls free in a month, thereafter ₹150 per call Free Once in a dayĀ  Free Once in a dayĀ  Free Once in a day ₹150
From 2 to 5 LacsĀ  ₹250Ā   ₹250  ₹250Ā  ₹250 ₹250
From 5 to 10 LacsĀ  ₹400Ā  ₹400 ₹400Ā  ₹400 ₹400
From 10 to 20 LacsĀ  ₹800Ā  ₹800 ₹800Ā  ₹800 ₹800
Ā  >20 Lacs Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā Contact Branch for cash above ₹20 lacs Contact Branch for cash above ₹20 lacs
CashĀ Delivery/Pickup Facility (Beat )Ā  Upto 1 lac ₹2000 FreeĀ  Free FreeĀ  ₹2000Ā 
From 1 to 2 Lacs ₹3000 ₹3000Ā  Free FreeĀ  ₹3000Ā 
From 2 to 5 Lacs ₹5500 ₹5500Ā  ₹5500 ₹5500Ā  ₹5500Ā 
From 5 to 10 Lacs ₹9000 ₹9000Ā  ₹9000 ₹9000Ā  ₹9000Ā 
From 10 to 20 Lacs ₹16000Ā  ₹16000Ā Ā  ₹16000Ā  ₹16000Ā Ā  ₹16000Ā Ā 
>20 Lacs Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Contact Branch for cash above ₹20 lacs Contact Branch for cash above ₹20 lacs

*Indus One Business T-25 is reserved for accounts unable to meet the min AQB requirement of T50 (₹50,000) and is not available for selection during enrolment.

+Available in Select Locations Only.

Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Tiers available for enrolment Not available for enrolment
Indus One Business T50 T100Ā  T300 T500 T25*
Remittances Inward RemittancesĀ  Free Free Free Free Free
Non Trade Outward remittances ₹250Ā  ₹250 ₹83 ₹83 Std Charges
FIRC issuanceĀ  Free Free Free Free Free
Exports Export Bills for collections and under LC ₹500 ₹400 ₹83 ₹83Ā  Std Charges
Advance Export Bills ₹500/Bill ₹400/BillĀ  ₹83/Bill ₹83/Bill Std Charges
Export LC advising ₹600 ₹500 ₹83 ₹83Ā  Std Charges
BRC issuance for all export transactions Free Free Free Free Free
Imports Advance Payments for ImportsĀ  ₹500 Flat ₹400 Flat ₹83 FlatĀ  ₹83 Flat Std Charges
Direct Import Bills ₹500 FlatĀ  ₹400 Flat ₹83 Flat ₹83 Flat Std Charges
Import Bills for CollectionĀ  ₹500 Flat ₹400 Flat ₹83 FlatĀ  ₹83 Flat Std Charges
Miscellaneous Charges Swift Charges ₹250 ₹150 ₹83 ₹83Ā  Std Charges
International Courier Charges ₹1000 ₹1000Ā  ₹1000 ₹1000 Std Charges
Registered Post Charges ₹250 ₹250 ₹83 ₹83Ā  Std Charges
Commission in Lieu of Exchange 0.13% 0.13% 0.13% 0.10% 0.13%

*Indus One Business T-25 is reserved for accounts unable to meet the min AQB requirement of T50 (₹50,000) and is not available for selection during enrolmentĀ 

Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Ā  Tiers available for enrolment Not available for enrolment
Indus One Business T50 T100Ā  T300 T500 T25*
Stop Payment ChequeĀ  Single Cheque- ₹100, Series Cheque- ₹150, Nil Charges if requested through IndusNet/Indus Mobile/IVR Free Free FreeĀ  Single Cheque- ₹100, Series Cheque- ₹150, Nil Charges if requested through IndusNet/Indus Mobile/IVR
Cheque Return Inward for Financial Reason Upto 2 instruments per month ₹350, On 3rd & 4th instrument- ₹500 per instrument, 5th Instrument onwards- ₹750 per instrument Upto 2 instruments per month ₹350, On 3rd & 4th instrument- ₹500 per instrument, 5th Instrument onwards- ₹750 per instrument
OutwardĀ  Nil Charges Up to 3 Cheques per month thereafter standard charges** Nil Charges Up to 5 Cheques per month  thereafter standard charges** Nil Charges Up to 10 Cheques per month thereafter standard charges** Nil Charges Up to 15 Cheques per month  thereafter standard charges** Standard Charges**
NACH/ECS Return ₹200 ₹200 ₹200 ₹200 ₹200
Account Statement (Adhoc printed statement)  ₹10 per statement through branch  ₹10 per statement through branch
Standing Instruction- Setup/Amendments/Failure/Cancellation Free FreeĀ  Free Free Free
DD Cancellation/Duplicate Instrument Issuance/Revalidation ( Own Bank) Free Free Free FreeĀ  Free
DD Cancellation / Revalidation (Other Bank) Free FreeĀ  Free Free Free
Banker's Verification ( Photo/Signatures/Address) Free Free Free FreeĀ  Free
Balance confirmation Certificate Free FreeĀ  Free Free Free
Interest / TDS Certificate Free Free Free FreeĀ  Free
Email Statement (Daily / Monthly) Free FreeĀ  Free Free Free
Dormant Account Activation Free Free Free FreeĀ  Free
Account Closure Charges Free FreeĀ  Free Free Free
SMS Alert Free Free Free FreeĀ  Free
Enquire related to Old Records Free FreeĀ  Free Free Free
Non-Financial Transaction- Other Bank ATMs in IndiaĀ  Free Free Free FreeĀ  Free

*Indus One Business T-25 is reserved for accounts unable to meet the min AQB requirement of T50 (₹50,000) and is not available for selection during enrolment.

**Standard Cheque Return (Outward) Charges: ₹50 per cheque for IndusInd Bank Location & ₹100 per cheque+Out of Pocket Expenses for Other Locations

Schedule of Charges for Indus One Business account.