Overview
Indus Merchant Plus is exclusively designed for Traders/Retailers/ Merchants who wants to avail POS/PG/QR Code facility. With this account, POS/PG/QR Code facility can be opted at the time current account opening itself and all documentation can be done in one go.
Features of Indus Merchant Plus Account
50 PAP Cheque Leaves free in a month
Free Cash Deposit up to Rs3 Lacs per month at Base location
Nil monthly balance requirement
Free Local and Outstation Cheque deposit on IndusInd Location
Free Demand Drafts up to Rs25 Lacs, payable at IndusInd Branch Locations
Free RTGS/NEFT/IMPS
Choose from different Debit Card Varients
Schedule of Charges Indus Merchant Plus Account
Schedule of Charges for Indus Merchant Plus Current Accounts
| Average Monthly Balance Requirement | Nil |
| Charges for Non-Maintainance of AMB | Not Applicable |
| Cheque Leave Issuances (Payable At Par) | 50 cheque leaves free per month |
| Charges on additional usage | Rs. 2 per leaf |
| Local Cheque Collection | Free | ||||||||||
| Outstation Cheque Collection- IndusInd Bank Locations | Free | ||||||||||
| Outstation Cheque Collection-Non-IndusInd Bank Locations |
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| Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch) | Free | ||||||||||
| For specialised option on Indus Collect (CMS Collections Services) please seek help from your Relationship Officer |
| Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch) | Free |
| Anywhere Payment: Cheques paid at non-home location of Indusind Bank | Free |
| Demand Draft Issuance- At any IndusInd Bank Locations | |
| Free Limit | Rs. 25 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. 5 lacs per month |
| Charges on Additional usage | Rs. 2/1,000 Min Rs. 100 Max Rs. 15,000 |
| Demand Draft Issuance - At Non-Correspondent Bank Locations | Rs. 3/1,000 Min Rs. 100 Max Rs. 15,000 |
| NEFT/ RTGS/ IMPS (Branch/Online*) | Free |
| For specialised option on Indus Direct (Payment Services) please seek help from your Relationship Officer | |
| Cash Deposit | |
| Free Cash Deposit at Home Location per month | Rs. 3,00,000 |
| Additional Charges on incremental deposits | Rs. 3/1,000 (Minimum Rs. 50/- per transaction) |
| Free Cash Deposit at Non-Home Location per month | Rs. 1,00,000 |
| Additional Charges on incremental deposits | Rs. 4/1,000 (Minimum Rs. 50/- Per transaction) |
| Cash Withdrawal | |
| Cash Withdrawal (Home Location) | Free |
| Cash Withdrawal (Non-Home Location) | 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 |
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| 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 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 | Rs. 150 |
| 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)+ | Rs. 50 per instance |
| Cheque Pickup (Beat) per month+ | Rs. 500 |
| ^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. |
| *Online mode refers to Mobile Banking & Retail Net Banking |
| .+Available in Select Locations only |
| PAP- Payable At Par |
| GST as applicable on charges |