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How to Avoid Fees on Your Current Account
Posted on Monday, April 3rd, 2023 | By IndusInd Bank
If you have a current account, you know that it’s important to keep an eye on fees and charges that can eat into your hard-earned money. While fees and charges are a necessary part of banking, there are ways to minimize them and keep your costs low. Here are some tips on how to avoid fees on your current account:
Keep a minimum balance: One of the easiest ways to avoid fees on your current account is to maintain a minimum balance. Most banks require you to maintain a certain balance in your account to avoid monthly maintenance fees. If you’re not sure what the minimum balance requirement is for your account, check with your bank.
Choose the right account: If you find that you’re paying too many fees on your current account, it may be time to switch to a different account that better suits your needs. Look for an account that has lower fees or no fees at all. Many banks offer free current accounts that come with no maintenance fees or monthly charges.
Use your bank’s ATM network: If you withdraw cash from an ATM that’s not in your bank’s network, you may be charged a fee. To avoid this, use your bank’s ATM network whenever possible. Many banks have large ATM networks, so finding a nearby ATM should be easy.
Monitor your account: Finally, it’s important to monitor your account regularly to make sure you’re not being charged unnecessary fees. Review your account statement each month and keep an eye out for any fees that you don’t recognize. If you do spot an error, contact your bank immediately to have it corrected.
Get an IndusInd Bank Current Account
If you are looking for a current account that offers competitive fees and charges, then consider getting an IndusInd Bank Current Account. IndusInd Bank offers a range of current account options that cater to the specific needs of different types of businesses. Additionally, IndusInd Bank offers a range of current accounts that come with several benefits.
Quick and hassle-free account opening: You can open an account with IndusInd Bank with minimal paperwork and get instant current account activation.
Choose your current account number: With My Account My Number feature, you can select a customized current account number that is easy to remember.
Account grouping for related businesses: If you have multiple businesses, you can group them together under a single account with common authorized signatories for ease of management.
Pre-approved loans: IndusInd Bank offers pre-approved loans to help you meet your instant capital requirements without any hassle.
Cheque and cash pick-up and drop-off facility: With this service, you can request for a pickup or drop-off of cheques or cash from the comfort of your office.
User-friendly mobile and internet banking: IndusInd Bank’s mobile and internet banking interfaces are designed to be user-friendly and convenient, allowing you to manage your account easily from anywhere and at any time.
Conclusion:
Fees and charges are a necessary part of banking, but you can minimize them by following these tips. By keeping a minimum balance, choosing the right account, using direct deposit, opting out of overdraft protection, using your bank’s ATM network, and monitoring your account regularly, you can avoid fees on your current account and keep your costs low.
Open Indusind Bank Current Account Now
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.
