Check Out the Benefits of Current Accounts

Posted on Tuesday, February 6th, 2024 | By IndusInd Bank

Handling many transactions every day shouldn’t make managing your finances harder. Whether it’s for your business or freelance activities, you deserve simplicity, and a current account offers just that. It puts financial control at your fingertips, helping you focus on what matters, i.e., growing your business.

Need to pay your employees on time? A current account makes this process simple. Unexpected yet profitable investment opportunities come up? No problem! Your current account is ready to handle these without delay. Have to settle an urgent bill for your business? Again, your current account makes sure these payments go through smoothly. It’s like having a financial partner 24/7.

Think the current account benefits stop there? No, they do not.

Having a current account brings you many benefits, such as:

Everyday Financial Convenience

A current account lets you handle all regular business-related payments like rent and utility bills easily and quickly. Thus, you can use your precious time to focus on your business rather than worrying about managing cash. Plus, with a current account, depositing customers’ or your payments via cheque or cash is smooth.

Digital Banking Services

In today’s digital world, where people lead hectic lives, digital banking services help save time.

Imagine doing all your banking from your laptop or smartphone. You can transfer money, pay bills, handle payroll, view statements, and even initiate international transactions online. It’s quick, secure, and a huge time-saver. And the best part? You can do it anytime, anywhere, through internet banking or mobile banking app. It helps in running your business smoothly, whether you are in the office or any other location.

Easy Access to Funds

Accessibility is very important in business where money needs to be moved fast to make the most of opportunities and to hedge risks. IndusInd Bank’s Current Accounts focus on exactly this.

You can access your funds in multiple ways such as writing a cheque for a vendor or swiping your debit card for an urgent purchase, you can do it all easily. You can even link your account with family members’ accounts for consolidated financial management. This flexibility is non-negotiable for businesses.

The Power of Overdraft Facility

What is a current account if it lacks an overdraft facility? Let’s say, it’s the end of the month and you have salaries to pay, bills waiting, and accounts to settle. But your incoming payments are delayed. What do you do? In such situations, the overdraft facility in your current account becomes your saviour.

You can spend beyond your account balance and ensure that temporary cash shortages don’t disrupt your operations. An overdraft facility comes with interest, and banks determine a limit based on your account’s history and creditworthiness. Hence, only withdraw the amount you need and comfortably repay.

Enjoy Extra Valuable Benefits with IndusInd Bank Current Account

The advantages and features of a current account are not limited to just what has been mentioned above. With IndusInd Bank, you get additional benefits like:

• 100% digital current account opening process
• Dynamic cash deposit limits
• Grouping of accounts
• Customised account number
• Low trade charges
• Digital payment options (POS device, QR, Soundbox, and Payment Gateway) solutions
• User-friendly online banking portals
• Preferential foreign trade charges
• Complimentary airport lounge access
• Auto-sweep deposit to earn FD-like rates on surplus funds

All these benefits of current accounts explain how they create more value for your business. They do not just cater to the evolving needs of businesses but also of professionals, associations, societies, and trusts.

The added value offered by IndusInd Bank further enhances your banking experience. With the wide range of current accounts, you can choose one that supports your business in the way it needs it. Enjoy exciting benefits, exquisite privileges, seamless day-to-day business transactions, and much more.

Apply now and open your digital current account with IndusInd Bank today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and 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.