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Overview

IndusInd Bank offers you with a wide range of inland trade services that can help in ensuring your business transactions are handled quickly and efficiently at competitive pricing.

Inland Letter of Credit
We can issue a letter of credit on your behalf to your suppliers to enable you to get the best credit terms and protect your interests.

Inland Bill Collection
By routing your inland bills through IndusInd Bank, you experience fewer delays in receiving payments, gaining increased control over your trade receivables resulting in efficient cash flow management.

Charges

Standard Trade and Remittance Pricing

Nature of Products Charges (INR) Minimum Charges (INR)
INLAND
INLAND LETTERS OF CREDIT
LC Issuance Sight : 0.15% per quarter 
Commitment = 0.15 % p.q (above 10days) = 0.15% (above 90 days) =0.30% p.q.
INR 1000/-
LC Amendment    
Non-Financial Amendment INR 750/-  
Financial/Extension Amendment same as LC issuance  
INLAND BILLS UNDER COLLECTION
Bills received for collection (Flat Fee) 3 per thousand or part thereof INR 500/-
Bills received sent on collection (Flat Fee) 0.10% INR 1200/-
INLAND BILLS DISCOUNTING
Bill Processing Fee (Flat Fee) 0.10% INR 500/-
EXPORTS

 

EXPORT LETTERS OF CREDIT
Export LC Advising INR 1000/-  
Advising Amendments INR 500/-  
LC Transfer INR 1200/-  
LC Confirmation based on Country /Bank Risk    
EXPORTS DOCUMENT HANDLING
Document Handling Charges (Collection/ Advance Payment) 0.0625% INR 750/-
Document Handling Charges (Negotiation/ Purchase) 0.25% INR 1200/-
COMMISSION IN LIEU OF EXCHANGE
(Applicable for credit to EEFC a/c, PCFC, contracts with other banks, FCY remittances for other purposes) 0.125% INR 100/-
MISCELLANEOUS SERVICES  
Overdue commission on export bills
Issuance of GR waiver
Up to 3 months Nil Thereafter INR 500 per quarter or part thereof INR 500/-  
Remittance of agency commission /Export Claim
Charges on extension of tenor
INR 250/- flat  
Issuance of various Export Performance Certificates INR 100/-  
IMPORTS

 

IMPORT LETTER OF CREDIT
LC Issuance

 

Sight : 0.15% per quarter 
Commitment = 0.15 % p.q (above 10days) = 0.15% (above 90 days) =0.30% p.q.

 

 
Cash Backed LC Issuance

 

5 bpps lesser than above

 

INR 1000/-
LC Amendment    
Non Financial Amendmnet INR 750/-  
Financial /Validity Amendment same as LC issuance  
IMPORT BILLS UNDER LC
Document Retirement Charges

 

0.15%

 

INR 1200/-
IMPORT BILLS UNDER COLLECTION
Bills received for/sent on collection (Flat Fee) 0.20% INR 1000/-
DIRECT REMITTANCE
All direct remittances

 

0.125%

 

INR 1000/-
ADVANCE REMITTANCES
All advance remittances 0.125% INR 1000/-
MISCELLANEOUS
Issuance of Delivery Order

 

INR 1000/-

 

 
Discrepancy Handling fees (USD)

 

USD 70

 

 
COMMISSION IN LIEU OF EXCHANGE
(Applicable for payments from EEFC a/c, FCY loans,
Fwd contracts with other banks, )
0.125% INR 100/-
GUARANTEES

 

FINANCIAL GUARANTEES
Issuance p.a

 

2.00%

 

INR 2000/-
Amendments    
Non Financial INR 750/-  
Enhancement/ Extension same as issuance  
PERFORMANCE GUARANTEES
Issuance p.a

 

1.50%

 

INR 2000/-
Amendments    
Non Financial INR 750/-  
Enhancement/ Extension same as issuance  
OTHERS

 

OTHER CHARGES
Swift -LC INR 1000/-  
Swift -Other International INR 500/-  
Inter City Courier INR 300/-  
International Courier INR 750/-  
Inward Remittances Free *  
FIRC Issuance charge INR 100/-  
Outward Remittances (A2 Remittances) Flat INR 250/-  
Fees for application made to RBI on clients behalf and
follow up thereof
INR 500/-
 
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QUICK SERVICES
CREDIT CARD SERVICES
  • SAVINGS RATES

  • Daily balance upto 1 lac 4.5 %
  • Daily balance above 1 lac 6 %
  • DEPOSIT RATES

  • 2 years 6 months to below 2 years 9 months 9.25 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1 lac) 8.75 %
Indus Online
Indus Online

An integrated Electronic Banking Portal through which next-generation banking innovations for our exclusive and valued customers

Forex cards
Forex cards

The the most convenient and secured way of carrying foreign currency overseas

Indus Direct
Indus Direct

An integrated Electronic Payments platform through which next-generation payment innovations are made available to our corporate customers

Forex Services
Forex Services

Get the latest currency exchange rates and trade on-line with the Bank, in the forex market

Virtual ATM tour

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