Overview
At IndusInd, we believe in simplifying processes to give you a convenient banking experience, no matter where you are. That’s why we combined the spirit of innovation with sound trade practices to create an effective solution for esteemed customers like you, with expanding business interest.
Exclusively designed for international businesses, the Indus Dollar One Trade Account is a complete value-for-money offering. With an array of customized products coupled with value-added features and unmatched local expertise, we can help convert day-to-day trade transaction management into your competitive edge.
Features of Indus Dollar One Trade Account
Competitive charges
Lowest Trade charges
Trade advisory
Trade advisory services, to help you evaluate opportunities and risks including hedging tools
Monthly balance
Average monthly balance of Rs. 1 lakh only
Relationship Manager
Dedicated Relationship Manager*
Forex Transaction
Specialised product desks catering to trade and FOREX transactions*
Forex Updates
Daily FOREX updates through emails and SMS, keeping you abreast with the FOREX market
Swift processing
Swift processing of documents and speedy remittances
Trade Charges w.e.f. 1 December 2022
| Trade Services | Indus Dollar One |
| Remittances | |
| Inward Remittances* | Free |
| Non Trade Outward Remittances* | Rs. 83 |
| FIRC Issuances | Free |
| Exports | |
| Export Bills for Collection & under LC* | Rs. 83 |
| Advance Export Bills* | Rs. 83/bill |
| Export LC Advising | Rs. 83 |
| BRC Issuances for all Export transactions | Free |
| Imports | |
| Advance Payments for Imports* | Rs. 83 Flat |
| Direct Import Bills* | Rs. 83 Flat |
| Import Bills for Collection* | Rs. 83 Flat |
| Miscllaneous Charges | |
| Swift Charges | Rs. 83 |
| International Courier Charges | Rs. 1000 |
| Registered Post Charges | Rs. 83 |
| Penalty Charges for Non maintenance of QTP | No Penal charges |
| Commission in lieu of exchange | 0.125% |
Note:
- There is minimum Average Monthly Balance requirement. Non-maintenance of AMB will attract penal charges.
- Only transactions which are mentioned above would be considered for Dollar One account pricing.
- Dollar One is an account variant of IndusInd bank and does not represent currency of any country.
- Service tax and Fx conversion tax* would be applicable as per current regulations.
- Trade transaction handling are subject to necessary due diligence conducted as per bank policy.
Indus Dollar One Trade Account Benefits
Schedule of Charges: Dollar One
| Average Monthly Balance Requirement | Rs 100,000 |
| Important Information (Please Note) | AMB requirement for accounts opened till 31st March 2015 will continue to be 50% for category B, C, IMFS and Rural Branches. |
| For Accounts opened after 1st April 2015 50% waiver of AMB will cease for category B, C, IMFS and Rural Branches. | |
| Charges for Non-Maintainance(NMC) of AMB | Rs. 1250 per month if AMB is >= 50% but < 100% & Rs. 1600 per month if AMB is < 50% |
| Cheque Leave Issuances (Payable At Par) | 250 cheque leaves free per month |
| Charges on additional usage1 | Rs. 2 per leaf |
|
| Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 | Free |
| Payments at Any Location of IndusInd Bank for clearing in same location through PAP cheque | Free |
| Demand Draft Issuance- At any IndusInd Bank Locations | |
| Free Limit | Rs. 150 lacs per month |
| Charges on Additional usage | Rs. 1/1000 Min Rs. 25 Max Rs. 10,000 |
| Demand Draft Issuance - At Correspondent Bank Locations | |
| Free Limit | Rs. 20 lacs per month |
| Charges on Additional usage | Rs. 2/1000 Min Rs. 100 Max Rs. 15000 |
| Demand Draft Issuance - At Non-Correspondent Bank Locations | Rs. 3/1000, Min Rs. 100 Max Rs. 15000 |
| NEFT/ RTGS/ IMPS | Free |
| Cash Deposit | |
| Free Cash Deposit at Home Location permonth3 | Rs. 12,00,000 |
| Additional Charges on incremental deposits | Rs. 3/1000 minimum Rs. 50/- per transaction |
| Free Cash Deposit at Non-Home Location permonth3 | Rs. 300000 |
| Additional Charges on incremental deposits | Rs. 4/1000 minimum Rs. 50/- per transaction |
| Cash Withdrawal | |
| Cash Withdrawal (Home Location) | Free |
| Cash Withdrawal (Non-Home Location)4 | Free |
| Cash Withdrawal (ATM's) IndusInd Network | Free |
| Cash Withdrawal Other ATMs | Free 50 transactions per month subject to average monthly balance maintenance of Rs.10,000 in previous month. In case the average monthly balance in previous month is less than Rs.10,000, then 5 transactions are free. Cash withdrawal transactions above the specified limits will be charged at Rs. 21 per transaction. |
| Cash Withdrawal Outside India | Rs. 125/- Per Transaction |
| Cash Withdrawal Limit by Debit Card | Refer Standard Schedule of Charges for Debit Card |
| Stop Payment (Single Cheque) | Rs. 100, Nil Charges if requested through Net banking/Mobile banking/IVR |
| Stop Payment (Series Cheque) | Rs. 150, Nil Charges if requested through Net banking/Mobile banking/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 |
| Cheque Return (Outward) IndusInd Location | Rs. 50 per cheque |
| Cheque Return (Outward) Other Locations | Rs 100 per cheque + Out of pocket Expenses |
| Internal Transfer Return Charges | NIL |
| NACH / ECS Return | Rs. 200 |
| Debit Card | |
| Gold / Titanium Debit Card | Rs. 249/- (Issuance, Replacement, Supplementary Card & Annual Charge) |
| Platinum Business CHIP Debit Card | Rs 699/- (Issuance, Supplementary Card & Annual charges) Rs 249/- for Replacement |
| Non-financial Transactions - Other Bank ATMs in India^ | Free |
| Balance Inquiry Outside India | Rs. 20/- per transaction |
| POS Limit on Debit Card | Limit as per Debit Card Taken, Refer Standard schedule of charges for Debit Card |
| Email Statement (Daily) | Free |
| Adhoc Statement printed | Rs. 10 per page |
| Cash Delivery / Pickup (Per call) | |
| Till 2 lacs | Free once a day |
| 2 - 5 lacs | Rs. 250 |
| 5 - 10 lacs | Rs. 400 |
| 10 - 20 lacs | Rs. 800 |
| > 20 lacs | Contact Branch |
| Cash Delivery / Pickup (Beat delivery) per month | |
| Till 1 lacs | Rs. 2,000 |
| 1 - 2 lacs | Rs. 3,000 |
| 2 - 5 lacs | Rs. 5,500 |
| 5 - 10 lacs | Rs. 9,000 |
| 10 - 20 lacs | Rs. 16,000 |
| > 20 lacs | Contact Branch |
| Cheque Pickup (On call)+ | Free once a day |
| Cheque Pickup (Beat) per month+ | Rs. 500 |
| 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 deposit at Home location: Rs. 3/1000 minimum Rs. 50/-, Non-Home Location:Rs. 4/1000 minimum Rs. 50/-. |
| 4 Standard Charges for cash withdrawal at Non-Home Location is Rs. 2.5/1000 minimum Rs. 50 |
| ^W.e.f. 20th December 2023, number of Non-financial ATM transactions i.e. Balance Enquiry, Mini-statement, PIN Change, Mobile Banking Registration, Cheque Book Request, Statement Request and Aadhar Number Seeding, etc. on Non-IndusInd Bank ATM is limited to 5 transactions per day. |
| +Available in Select Locations only |
| PAP- Payable At Par |
| GST as applicable on charges |