Overview
Indus Select Plus Current Account offers a premium range of comprehensive services to help businesses diversify & grow their business output. In addition, it allows access to curated lifestyle privileges & offers.
Best Suited for large size business with an Average Quarterly Balance requirement of Rs. 3 Lacs (at single/group level)
Features of Indus Select Plus Account
Dynamic Cash Deposit Limit
Anywhere free cash deposit of up to 10 times of previous month’s maintained AMB or Rs 30 Lacs, whichever is higher
Demand Draft Issuance
Free Demand Drafts up to 500 lacs p.m. at IndusInd Bank and 50 Lacs p.m. at Correspondent Bank Locations.
Waiver on Outward Cheque return charges
Nil charges up to 10 Outward cheque returns per month.
Auto Sweep Deposit
Automatic transfer of excess balance from current account into sweep FD
Grouping of accounts
To extend the Program Benefits to Family & Group Businesses at no incremental balance requirement.
Doorstep Banking Services
Enjoy Free Cheque pickup & Cash pickup/delivery services right from your doorstep.
Most Preferential Trade Charges
For all your International Business needs
Free Visa Signature Select Debit Card
Indus Select Plus Account Fee & Charges
Schedule of Charges for Indus Select Plus Current Accounts
| Program Criteria to be maintained at Group Level | Any one of the criteria mentioned below |
| AQB (in combination of Current and Savings Accounts) | Rs. 3 Lacs |
| Total Relationship Value (CA+SA+FD) ^ | Rs. 15 Lacs with minimum AQB of Rs. 1 Lac (in combination of Current and Savings Accounts) |
| Charges for Non-Maintenance | 10% of the shortfall in required AQB as per program, subject to max of Rs. 900 |
| Cheque Leave Issuances (Payable At Par) | 500 cheque leaves free per month |
| Charges on Additional Usage | Rs. 2 per leaf |
| Outstation Cheque Collection | |||||||||||
| Non-IndusInd Bank Location
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| Cash Deposit at Home+Non Home Locations | |
| Free Limit per month | 10 times of previous Month's AMB or Rs. 30 Lacs, whichever is higher |
| Additional Charges | |
| Charges on Additional Deposits | Rs. 4/1000, Min Rs. 50/- Per transaction. |
| Cash Withdrawal | |
| Cash Withdrawal Non IndusInd ATMs * | Free |
| Cash Withdrawal Limit by Debit Card | Refer Standard Schedule of Charges for Debit Card |
| Demand Draft Issuance- At any IndusInd Bank Location | |
| Free Limit | Rs. 500 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. 50 lacs per month |
| Charges on Additional usage | Rs. 2/1000, Min Rs. 100, Max Rs. 15000 |
| Demand Draft Issuance - At Non-Correspondent Bank Locations | |
| Charges on usage | Rs. 3/1000, Min Rs. 100, Max Rs. 15000 |
| Stop Payment | |
| Cheque | Single cheque Rs. 100,Series cheque Rs. 150 Nil charges if requested through Indus Net/ Indus Mobile/ 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 |
| Outward | Nil Charges up to 10 cheques per month, thereafter Standard Charges $ |
| NACH / ECS | |
| NACH / ECS Return | Rs. 200 |
| Debit Card | |
| Visa Signature Select/Master Card World Select | Free |
| ATM/POS Limit on Debit Card | Limit As per Debit Card Taken, Refer Standard Schedule of Charges for Debit Card |
| Account Statement | |
| Adhoc Statement (printed) | Rs. 10 per statement through branch |
| Cheque Pick-up (On call) | Free Once in a day |
| Cheque Pick-up (Beat) Per month | Free |
| Cash Delivery / Pick-up Cash upto Rs. 2 Lacs (Per Call) | Free once in a day |
| Cash Delivery / Pick-up Cash above Rs. 2 Lacs (Per Call) | Standard Charges - from Rs. 2 to 5 Lacs - Rs. 250, from Rs. 5 to 10 Lacs - Rs. 400,from Rs. 10 to 20 Lacs - Rs. 800, contact branch for cash above Rs. 20 Lacs |
| Cash Delivery / Pick-up Cash up to Rs. 2 lacs (Beat) per month | Free once in a day |
| Cash Delivery / Pick-up Cash above Rs. 2 Lacs(Beat) per month | Standard Charges - from Rs. 2 to 5 Lacs - Rs. 5,500, from Rs. 5 to 10 Lacs - Rs. 9,000, from `10 to 20 Lacs - Rs. 16,000,contact branch for cash above Rs. 20 Lacs |
+Available in Select Location Only
| Collections | Local Cheque Collection | Outstation Cheque Collection - IndusInd Bank Locations |
| Payments | Anywhere Payment - Cheques paid at any location of IndusInd Bank | Cash Withdrawal - any IndusInd Bank Branch or ATM |
| Other Services | Non-financial Transactions - Other Bank ATMs in India^| Email Statement (Daily / Monthly) | Dormant Account Activation | Internal Transfer Return Charges | Account Closure Charges |
| NEFT / RTGS / IMPS | Branch | Online** |
| Remittances | |
| Inward Remittances | Free |
| Non Trade Outward Remittances | Rs. 250 |
| FIRC Issuances | Free |
| Exports | |
| Export Bills for Collection & under LC | Rs. 400 |
| Advance Export Bills | Rs. 400/bill |
| Export LC Advising | Rs. 500 |
| BRC issuances for allexport transactions | Free |
| Imports | |
| Advance Payments for Imports | Rs. 400 Flat |
| Direct Import Bills | Rs. 400 Flat |
| Import Bills for Collection | Rs. 400 Flat |
| Miscellaneous Charges | |
| Swift Charges | Rs. 150 |
| International Courier Charges | Rs. 1000 |
| Registered Post Charges | Rs. 250 |
| Commission in lieu of exchange | 0.125% |
| ^Total Relationship Value = Current Account AQB + Savings Account AQB + Fixed Deposits AQB (3 months rolling average) |
| *Free Monthly Cash Withdrawal Limit at Non-IndusInd Bank ATMs is capped at 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 is Rs.125. |
| $Standard Cheque Return (Outward) Charges: Rs. 50 per cheque for IndusInd Bank Location & Rs. 100 per cheque + out-of-pocket expenses for Other Locations |
| ^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 |
| PAP - Payable at Par | GST and FX conversion tax would be applicable as per current regulations. |