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Overview

Forward Contract

When your business is involved in the international trade in goods, services or capital you will be confronted by currency fluctuations.

We offer you a wide selection of innovative products and services combined with the support of our research and team of specialists.

A forward contract, determined on the basis of the spot rate and the interest rate differential between the two currencies involved, is an obligation to buy or sell a certain amount of foreign currency on a certain date in the future.

This allows a company to hedge against currency movements between the date of ordering goods and their delivery and carries little risk if the deal goes through smoothly.

Types of FX deals

  • Spot Deals – Exchange covered for value date equal to 2 working days
  • Cash Deals – Covered for the same day
  • Tom Deals – Exchange covered for next day
  • Forward Deals – Exchange covered for a value date later than 2 working days

IndusInd has a strong risk advisory platform and on-the-ground local expertise providing a forward market-making capability for every freely traded currency.

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QUICK SERVICES
  • SAVINGS RATES

  • Daily balance upto 1 lac 5.5 %
  • Daily balance above 1 lac 6 %
  • DEPOSIT RATES

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

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

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Forex cards

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

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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

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