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Indus Textile
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Overview

Indus Textile current account overview

A successful enterprise requires constant attention and support. Partnering you in this venture, we at IndusInd Bank are pleased to present to you - Indus Textile, a current account which has been designed especially for your business needs in the textile industry. While you tend to your customers, 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.

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Features & Benefits

Indus Textile current account features & benefits

  • Free* at par payable cheque book
  • Freedom to withdraw cash* from any of our branches across India
  • Collect your funds at any of our 250 locations by depositing cheque at the same location
  • Cash Collections at Textile Locations: Deposit Free cash up to a specified limit* at over 81 identified textile locations
  • NIL Cheque Return Charges up to 10 cheques
  • Easy access to your account through our electronic access points: Net Banking, Phone Banking and Mobile Alerts
  • Save time by opting for Doorstep Banking** and experience the difference of new age banking services

Specialised Services

Specialised services of Indus textile current account

Get various services associated with your current account to cater to your growing business requirements.

  • Trade Services: We offer a range of trade services to suit your specific requirements and structure solutions for your business needs including Letter of Credit, Bank Guarantee and Inland Trade Services.
  • Indus EEFC Account: Specialised account in leading currencies (USD, Euro and GBP), to enable you to hedge adverse exchange rate fluctuations.

Trade Charges

CA account Type Indus Textile
Remittances  
Inward Remittances* Free
Non Trade Outward Remittances* Rs. 250
FIRC Issuances Free
Exports  
Export Bills for Collection & under LC* Rs. 500
Advance Export Bills* Rs. 500/bill
Export LC Advising Rs. 600
BRC Issuances for all Export transactions Free
Imports  
Advance Payments for Imports* Rs. 500 Flat
Direct Import Bills* Rs. 500 Flat
Import Bills for Collection* Rs. 500 Flat
Miscellaneous Charges  
Swift Charges Rs. 250
Courier Charges Rs. 500
Registered Post Charges Rs. 250

Charges

Indus Textile current account charges

Schedule of Charges: Indus Textile w.e.f 1st April 2015

AMB & CHEQUE BOOK CHARGES
Average Monthly Balance requirement Rs. 60,000
Charges for Non-Maintainance of AMB (Monthly) Rs. 800 per month
Cheque Book Issuances (Payable At Par) (50 leafs Book) 3 cheque books free per month
Charges of Cheque Book on additional usage1 Additional charge Rs. 2 per leaf
COLLECTIONS
Local Cheque Deposit Free
Cheques Deposited at Any location of Indusind bank for clearing in same location Free
Outstation Cheque Deposit on Indusind Location Free upto Rs. 5 lakhs per month Beyond which Charges per cheque as under::
Up to and including Rs. 5,000 - Rs. 25
Above Rs. 5,000 and up to and including Rs. 10,000 - Rs. 50
Above Rs. 10,000 and up to and including Rs. 1,00,000 - Rs. 100
Rs. 1,00,000/- Rs. 200 per instrument
Outstation Cheque Deposit on Non-Indusind Location
Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 Free
PAYMENTS
Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 Free
Payments through payable at par cheque Free
DD/PO (At Branch Locations)
Free Limit Rs. 50 lacs per month (Per day limit of Rs. 2,00,000)
Charges on Additional usage Rs. 1/1000 Min Rs. 25 Max Rs. 10,000
DD/PO (Correspondent Bank Location)
Free Limit Rs. 10 lacs per month
Charges on Additional usage Rs. 2/1000 Min Rs. 100 Max Rs. 15000
DD/PO (Non-Correspondent Bank) Rs. 3/1000, Min Rs. 100 Max Rs. 15000
NEFT (NATIONAL ELECTRONIC FUNDS TRANSFER)5 Upto 1 Lac Charges of Rs. 2.5/- per transaction –From Rs. 1 lac to 2 lac Charges of Rs. 15/- per transaction- Rs. 2 lakh and above Rs. 25 per transaction
RTGS (REAL TIME GROSS SETTLEMENT)6 From Rs. 2 lac to 5 lac Charges of Rs. 25/- per transaction – Rs. 5 lakh and above Rs. 50 per transaction
CASH TRANSACTIONS
Cash Deposit at Home Location
Free Limit (Home Location) per month3 Rs. 5,00,000 per month
Additional Charges on incremental deposits Rs. 3/1000 (Minimum Rs. 50/- per transaction)
Free Cash Deposit at Non-Home Textile Location per month3 Rs. 2,00,000 free per month, exceeding that 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 unlimited for balance above Rs. 10,000 in previous month. If balance in previous month is less than Rs. 10,000/- then 5 transactions Free, Beyond with charges of Rs. 20 per transaction
Cash Withdrawal Outside India ATM's Rs. 125
Cash Withdrawal Limit by ATM Card Gold Card Rs. 50000, Platinum Business Card Rs. 1,00,000. (Per Day Basis)
OTHER FEATURES & CHARGES
Stop Payment (Single Cheque) Rs. 100
Stop Payment (Series Cheque) 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 Free upto 10 cheque returns beyond which charge of Rs. 50 per cheque
Cheque Return (Outward) Other Locations Rs. 100 per cheque+ Out of pocket Expenses
Internal Transfer Return Charges NIL
ECS Returns Rs. 200
Debit Card
Business Gold CHIP Debit Card (Issuance, Annual Charges, Replacement & Supplementary Card) Rs. 199 p.a.
Platinum Business CHIP Debit Card (Issuance, Annual Charges, Replacement & Supplementary Card) Rs. 299 p.a.
Balance Inquiry at Other ATMs within India Free
Balance Inquiry Outside India Rs. 20 per transaction
POS Limit on Debit Card Gold Card Rs. 100,000, Platinum Business Card Rs. 2,00,000. (Per Day Basis)
Email Statement (Daily) Free
Adhoc Statement printed Rs. 10 per page
Inoperative account charges (Per Quarter)^ Rs. 100
Dormant Account Activation Free
Account Closure Charges
Before Six Months Rs. 200
After Six Months NIL
DOORSTEP BANKING
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 (Beat) per month+ Rs. 50 per instance
Cheque Pickup (On call)+ Rs. 500
Schedule of Standard Charges
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
5 Standard Charges for NEFT: Upto Rs. 1 lac Charges of Rs. 2.5/- per transaction –From Rs. 1 lac to 2 lac Charges of Rs. 15/- per transaction- Rs. 2 lakh and above Rs. 25 per transaction
6 Standard Charges for RTGS: From Rs. 2 lac to 5 lac Charges of Rs. 25/- per transaction – Rs. 5 lakh and above Rs. 50 per transaction
+Available in Select Locations only
PAP- Payable At Par
^ No Customer Induced Transaction for 1 Year
Taxes as applicable on charges

Cash Collections Locations

Indus Textile cash collections locations

Textile Locations where you can deposit free cash.

Andhra Pradesh Jammu & Kashmir New Delhi West Bengal
Ananthpur

 

Srinagar

 

New Delhi

 

Durgapur

 

Guntur

 

Karnataka Orissa

 

Kharagpur

 

Hyderabad

 

Bangalore

 

Bhuvaneshwar

 

Kolkatta

 

Vijayawada

 

Mangalore

 

Pondicherry Tamil Nadu
Vishakapattanam

 

Mysore

 

Pondicherry

 

Chennai

 

Warangal

 

Madhya Pradesh Punjab Coimbatore

 

Assam Bhopal

 

Amritsar

 

Erode

 

Guwahati

 

Gwalior

 

Bathinda

 

Hosur

 

Chandigarh Indore

 

Jalandhar

 

Karur

 

Chandigarh

 

Jabalpur

 

Ludhiana

 

Madurai

 

Chattisgarh Kerala Mohali

 

Salem

 

Bilaspur

 

Ernakulam

 

Phagwara

 

Tirupur

 

Raipur

 

Kannur

 

Rajasthan Trichy

 

Goa Kochi

 

Ajmer

 

Vellore

 

Panjim

 

Kottayam

 

Bhilwara  Uttar Pradesh
Gujarat Kozhikode

 

Jaipur

 

Agra

 

Ahmedabad

 

Thiruvananthapuram

 

Kota

 

Allahabad

 

Gandhidham

 

Thrissur

 

Jodhpur

 

Bareily

 

Jamnagar

 

Maharashtra Udaipur

 

Lucknow

 

Mehsana

 

Aurangabad

 

Bareily

 

Kanpur

 

Rajkot

 

Kolhapur

 

Lucknow

 

Noida

 

Silvassa

 

Mumbai

 

Kanpur

 

Varanasi

 

Surat

 

Nagpur

 

Noida

 

Durgapur

 

Vadodara

 

Nashik

 

Varanasi

 

Kharagpur

 

Valsad

 

Pune

 

 

 

Kolkatta

 

Vapi

 

Thane

 

 

 

 

 

Haryana  

 

 

 

 

 

Hissar

 

 

 

 

 

 

 

Karnal

 

 

 

 

 

 

 

Panchkula

 

 

 

 

 

 

 

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  • SAVINGS RATES

  • Daily balance upto 1 lac 4 %
  • Daily balance above 1 lac and upto 10 lac 5 %
  • Daily Balance above 10 lac 6 %
  • DEPOSIT RATES

  • 1 year to 1 year 2 months 7.15 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1 lac) 7 %

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