Indus Premier Current Account: An Ideal Choice for Mid-sized Businesses

Posted on Thursday, January 6th, 2022 | By IndusInd Bank

From setting up your venture to planning for growth, you must consider many things when running a business. The most important of them, and often the most ignored, is liquidity. Without liquidity, you won’t be able to invest back in your business, even if you have enough working capital. And when it comes to liquidity, none can match the features a current account offers.

Primarily meant for business transactions, a current account allows its holder to deposit, withdraw, track, and manage cash on the go. Moreover, they also make it easy to calculate tax liabilities. Almost all banks in India now offer current accounts. But if you’re looking for an ideal companion for your business, Indus Premier Current Account by IndusInd Bank checks all the boxes.

Best suited for mid-sized businesses, this account features a slew of privileges with a unique blend of convenience and flexibility. Read on to find out more about its benefits.

Why Do You Need a Current Account?

Still not convinced why you require a current account to run your business smoothly? Well, here are a few advantages of these bank accounts to help you decide:

• Separation of Funds: As a business owner, you must keep your personal and professional assets separate, and a current account can help with that. This way, you can easily track your cash inflows and plan your budget accordingly. Moreover, financial records are easier to interpret with a business account, which is helpful when paying taxes.

• Fluidity of Operations: With a current account, you can ensure that all the transactions are carried out efficiently and without delays.
• Unlimited transactions: Current accounts allow you to make a high number of transactions compared to a savings account. Thus, you need not worry about the movement of money and can be assured of a high level of fluidity in your operations.
• Establishing Legitimacy: Having a current account will provide your business with legitimacy, and you will come across as more professional to your customers.

Features and Benefits of the Indus Premier Current Account

Dynamic Cash Deposit Limits

First off, With Indus Premier current account , you get free cash deposit limit of up to 8 times the AMB of the previous month or Rs 10 lakhs (whichever is higher).

Higher Transaction Limits

As a business owner, you need to make various transactions daily. This is where IndusInd Bank’s Indus Premier account can help you out. You get higher number of free cheque leaves per month and NIL charges on NEFT/IMPS and RTGS transactions.  This will help run your business operations smoothly.

Grouping of Accounts

If you apply for a current account with IndusInd Bank, you can group your account with your other bank accounts or the accounts of your family members which already exist in the bank. These can be current or savings accounts. Hence, you can enjoy the flexibility of maintaining the required balance on group level rather than maintaining separate required balances in multiple accounts.

Free Demand Draft Issuance

With IndusInd Bank’s Indus Premier account, you get free limit of 100 lakhs per month for issuing Demand Drafts (DDs) or Pay Orders (POs) at IndusInd branch locations and 10 lakhs at correspondent bank locations for prompt payments.

Auto Sweep Deposit

With Indus Premier current account you can also choose to availthe auto sweep deposit facility. Therefore,  when you have an excess balance in your account, it will automatically be transferred into a fixed deposit

In a Nutshell

When you apply for a current account with IndusInd Bank, you will have your expectations exceeded with our best-in-class features. Lastly, you don’t have to step out of the house for depositing cash or cheque as we provide doorstep banking services and on-call facilities for added convenience!

So, why overthink on it? Click here to learn more about the Indus Premier current account and take your small or medium-sized business to new heights!

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.