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Indus Freedom current account

We, at IndusInd Bank, believe in flexible banking and we demonstrate it with flexible products for various strata of businesses. Following the same philosophy, we present to you Indus Freedom, a current account which has been designed especially for your business transaction needs.

Indus Freedom is an efficient package of banking services that delivers much more than your expectations. This account suits a small or medium businesses/enterprises wishing to avail a well-defined set of banking benefits.

Click here to know more about our USPs.


Indus Freedom current account features

  • No worries of Balance requirement
  • One Financial transaction to be done every month on Net banking or Mobile App or ATM
  • Upto Rs.4 lac of Cash deposit per month
  • Free Cheque book
  • Free email statement and monthly physical statement by post
  • Choose from different Debit Card Variants


Schedule of Charges: Indus Freedom w.e.f 1st February 2017

Minimum Transaction Commitment  1 Financial Transaction to be done in a calendar month at ATM or Net Banking or Mobile App
Charges for  Non-Transactions (NTC) Rs 600/- per month, if transactions as mentioned above not done in calendar month
Local Cheque Deposit Free
Cheques deposited at any location of Indusind Bank for clearing in the same location  Free
Outstation Cheque Deposit on IndusInd Llocation Free
Outstation Cheque Deposit on Non IndusInd Location Free upto 5 lakhs per month Beyond which Charges per cheque as under:
Up to and including 5,000 25/-
Above 5,000 and up to and including 10,000 - 50/-
Above 10,000 and up to and including 1,00,000 100/-
Above Rs 1,00,000/-     200/- per instrument
Funds Transfer within Indusind Bank Free
Payments at Any Location of IndusInd Bank for clearing in same location through PAP cheque Free
DD/ PO (At Indusind Branch Locations) Free
Charges for Correspondent Bank DD Rs. 2/1000 Min Rs. 100 Max Rs. 15000
DD/ PO (Non-Correspondent Bank) Rs. 3/1000, Min Rs. 100 Max Rs. 15000
Cash Deposit  
Free Limit per month (Home Location) Free upto Rs. 4 lacs per month
Free Limit per month (Non Home Location) No Free limits
Additional Charges on incremental deposits Rs. 4/1000 minimum Rs. 50/-
Cash Withdrawal  
Cash Withdrawal from Branch / IBL ATM Free
Cash Withdrawal Non IBL ATMs Free
Cash Withdrawal Outside India Rs. 125/-
Cash Withdrawal Limit at ATM Refer Standard Schedule of Charges for Debit Card
Cheque Book Issuance Free
Stop Payment  For single cheque Rs 100/- and for series of cheques Rs. 150/-
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 Returns Rs. 200
Debit Card#  
Gold Business CHIP / Titanium Debit Card Rs. 249/- (Issuance, Replacement, Supplementary Card & Annual Charge)
Platinum Business CHIP Debit Card Rs. 699/- (Issuance, Replacement, Supplementary Card & Annual Charge)
Balance Inquiry at Other ATMs within India Free with in India, Rs 20/- per instace outside India
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 E-statement - Free,   Print Statement - Rs. 100 per instace
Inactivity Charges Rs. 100
Dormant Account Activation Free

* Service Tax Applicable Extra

^ No Customer Induced Transaction for 1 Year

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) 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 call/instance
Cheque Pickup (Beat) per month* Rs.500

PAP- Payable At Par

NTC - Non Transaction charge

Taxes as applicable on charges

# For other variant of Debit cards and further information, please refer Debit Card schedule of

charges at

* Services Available on Request at Select Locations

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  • Daily balance upto 5 lac 4 %
  • Daily balance above 5 lac and upto 10 lac 5 %
  • Daily Balance above 10 lac 6 %

  • 1 year to 1 year 2 months 7.05 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1 lac) 6.75 %

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