Overview
Geographical boundaries should not restrict the growth of your business. IndusInd Bank brings you Indus Exim Trade current account - a one-stop account that will take care of all your cross border transactions. The account gives you extra-edge that caters to your need to succeed in today’s challenging cross-border business environment and enhances client satisfaction by delivering a timely resolution to your needs.
Features of Indus Exim Trade Current Account
Competitive charges
Competitive charges on trade transactions with value-added benefits of a current account
Trade advisory
Trade advisory services, to help you evaluate opportunities and risks including hedging tools
Relationship Manager
Dedicated Relationship Manager*
No minimum-balance
No minimum-balance maintenance requirement on current account operations
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 Current Account Fee and charges
| Trade Services | Indus EXIM Basic |
|---|---|
| Trade Throughput- Quarterly (QTP) | USD 20,000/- |
| Remittances | |
| Inward Remittances* | Free |
| Non Trade Outward Remittances* | Rs. 250 |
| FIRC Issuances | Free |
| Exports | |
| Export Bills for Collection & under LC* | 500 |
| Advance Export Bills* | 500/bill |
| Export LC Advising | 600 |
| BRC Issuances for all Export transactions | Free |
| Imports | |
| Advance Payments for Imports* | 500 Flat |
| Direct Import Bills* | 500 Flat |
| Import Bills for Collection* | 500 Flat |
| Miscellaneous Charges | |
| Swift Charges | 250 |
| International Courier Charges | 1000 |
| Registered Post Charges | 250 |
| Penalty Charges for Non maintenance of QTP | 0.30 % of deficit |
| Commission in lieu of exchange | 0.125% |
Note:
- *Denotes facilities on which QTP is calculated.
- Foreign currency conversion charges and service tax will be recovered.
- Non-QTP achievement will attract penalty charges.
- Trade transaction handling are subject to necessary due diligence conducted as per bank policy.
*Conditions apply
The services and product mentioned are indicative of broad range of services offered by the bank and are subject to terms and conditions. For any services and products not covered in the letter, please contact any of our branches or phone banking at 022-44066666/ Toll free - 1860 267 7777. (MTNL and BSNL subscribers)
Exim Basic Current Account benefits
| Average Monthly Balance Requirement |
Nil |
| Charges for Non-Maintainance of AMB | NA |
| Cheque Leave Issuances (Payable At Par) | 250 cheque leaves free per month |
| Charges on additional usage1 | 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)2 | Free | ||||||||||
| For specialised option on Indus Collect (CMS Collections Services) please seek help from your Relationship Officer | |||||||||||
| Local Cheque Deposit | Free | ||||||||||
| Cheques deposited at any location of Indusind Bank for clearing in the same location | Free | ||||||||||
| Outstation Cheque Deposit on IndusInd Location | Free | ||||||||||
| Outstation Cheque Deposit on Non IndusInd Location |
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| Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 | 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)2 | Free |
| Anywhere Payment: Cheques paid at non-home location of Indusind Bank | 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 at Branch & Online** |
| For specialised option on Indus Direct (Payment Services) please seek help from your Relationship Officer | |
| Cash Deposit | |
| Free Cash Deposit at Home Location per month3 | Rs. 12,00,000 |
| Additional Charges on incremental deposits | Rs. 3/1,000 (Minimum Rs. 50/- per transaction) |
| Free Cash Deposit at Non-Home Location per month3 | Rs. 300000 |
| 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)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 Indusnet / Indus Mobile / IVR |
| Stop Payment (Series Cheque) | Rs. 150, Nil Charges if requested through Indusnet / Indus Mobile / IVR |
| Cheque Return (Inward) For Financial Reasons | Up to 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 Debit Card | Rs699-(Issuance, Annual Charges, & Supplementary Card) 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 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. |
| **Online mode refers to Mobile Banking & Retail Net Banking |
| +Available in Select Locations only |
| PAP- Payable At Par |
| The additional Standard Charges on Transactions due to AMB non-maintenance will not apply to Exim Current Accounts, however on breach of monhtly free limits of transactions, charges as specified will be applicable |
| * AMB not applicable for Indus Exim Basic, only Quarterly Throughput Applicable |
| GST as applicable on charges |