Overview
We at IndusInd Bank are pleased to present to you – Indus Grain Merchant Flexi. It is a current account which has been designed especially for your business needs in the agricultural trading market. While you tend to your customers, you can leave all your banking requirements to our team of specialised professionals, thereby giving you the freedom to grow your business and take it to the next level.
Click here to know more about our USPs.
Features of Indus Grain Merchant Flexi Account
AMB of Rs.1 lac
Flexible cash deposit limit based on previous month AMB
Fungible cash deposit between Home and Non-Home location
Free cheque pickup once a day at all DSB approved locations
SOC Grain Merchant Flexi
| Average Monthly Balance Requirement | Rs. 1,00,000/- |
| Charges for Non-Maintainance of AMB (Monthly) | Rs. 4000 per month |
| Cheque Leave Issuances (Payable At Par) | 100 cheque leaves free per month |
| Charges on additional usage1 | Rs. 2 per leaf |
| Local Cheque Collection | Free | ||||||||||
| Outstation Cheque Collection- IndusInd Bank Locations (inclusive of all charges and service tax)2 | Free | ||||||||||
| Outstation Cheque Collection-Non-IndusInd Bank Locations |
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| Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 | Free |
| Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 | Free |
| Payments through payable at par cheque | Free |
| Demand Draft Issuance- At any IndusInd Bank Locations | |
| Free Limit | Rs. 100 lakh 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. 10 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 at Branch & Online* |
| Cash Deposit at Home+Non-home Location | |
| Free Limit per month3 | 15 times of previous month AMB |
| 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 ATM's | Rs. 125/- |
| Cash Withdrawal Limit by ATM 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 | Rs. 750 per cheque |
| Cheque Return (Outward) IndusInd Location | Upto 5 cheques, Rs. 50 per cheque, beyond which Rs. 100 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, Annual Charges, Replacement & Supplementary Card) |
| Platinum Business 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 / Monthly) | Free |
| Adhoc Statement (printed) | Rs. 10 per statement through branch |
| Cash Delivery / Pickup (Per call) | |
| Till 2 lacs | Free |
| 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 2 lacs | Free |
| 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 |
| Cheque Pickup (Beat) per month+ | Free |
| 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. 15th November 2024, capping on number of Non-financial ATM transactions i.e. Balance Enquiry, Mini-statement, PIN Change, Mobile Banking Registration, Cheque Book Request, Statement Request and Aadhaar Number Seeding, etc. on Non-IndusInd Bank ATM has been revised to 2 transactions per day. |
| +Available in Select Locations only |
| PAP- Payable At Par |
| GST as applicable on charges |
Specialised Services
Specialised services of Indus Grain Merchant Flexi current account IndusInd Bank offers, various services associated with your current account to cater to your growing business requirements.
