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A new business needs time to stabilise. During this period, we will support your initiative with a current account specially designed to accelerate your business. Introducing Indus Freedom, a prepaid Current Account which helps you to concentrate on your business and enjoy the FREEDOM of NIL balance requirements.

Indus Freedom Prepaid Current account is best suited for:

Start Up Businesses Pharmacists and Chemists
Young Entrepreneurs Travel Agents
Small Businesses Printing Presses
Retail Shop Owners Transporters
Consultants Restaurants


  • Waiver of Average Monthly Balance requirement
  • Freedom from non-maintenance charges
  • At par 50 cheque leaves free per quarter
  • Faster credit to account – at par collection of cheques across network
  • Enjoy hassle free banking using Indus Net online banking
  • Withdraw cash FREE using our Classic or Gold Debit Card


Schedule of Charges for Current Accounts w.e.f 01st April 2011

Average Monthly Balance Requirement NIL
Account opening and Account Renewal Charges Rs. 3000/- to be paid at the beginning of the year
Cheque Book Issuances (Payable At Par)
(50 leafs Book)
1 cheque book Free per QUARTER
Cheque Book Charges Additional charge Rs. 2 per leaf
Local Cheque Deposit* FREE UP TO Rs. 5 lakh per month for all the transactions put together(marked in *)
Beyond which charges as below:
1. Cash deposit/withdrawal : Rs. 2.5/1000

2.Cheque based transactions charged (Local & Anywhere Collection and Payment): Rs. 15 per transaction

3.Outstation Cheque Collection Charges at IndusInd Location & NON-IndusInd Locations: Per cheque
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 1,00,000 - Rs. 2/1000, Maximum Rs. 10,000/-
Cheques Deposited at Any location of Indusind bank for clearing in same location (Anywhere Collections)*
Outstation Cheque Deposit on Indusind Location*
Outstation Cheque on Non-IndusInd Location*
Funds Transfer. (Between any Indusind Bank Branches)*
Funds Transfer (Online/through Branch)*
Payments through payable at par cheque(Anywhere Payments)*
Cash Deposit at Home Location*
Cash Withdrawal (Home Location)*
Cash Deposit at Non-Home Location No Free Limits: Rs. 2.5/1000. Minimum Rs. 50/-
Cash Withdrawal (Non-Home Location) No Free Limits: Rs. 2.5/1000. Minimum Rs. 50/-
DD/PO (At Branch Locations)
Free Limit NIL
Charges on Additional usage Rs. 2/1000 Min Rs. 25 Max Rs. 10,000
DD/PO (Correspondent Bank Location)
Free Limit NIL
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
Cash Withdrawal (ATM's) IndusInd Network Free
Cash Withdrawals Any other ATM in India. 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 which charges of Rs. 20 per transaction
Cash Withdrawal Outside India Rs. 125/- per transaction
NEFT (Charges for Payment only. Collection through NEFT Free) up to 1 lakh - 5/-
above 1 lakh to 2 lakh- 15/-
above 2 lakh- 25/-
RTGS (Charges for Payment only. Collection through RTGS Free) 2 lakh to 5 lakh - 25/-
> 5 lakh 50/-
Net Banking(Viewing) Free
Phone Banking Free
Mobile Alerts Free
Switching to Another Account (Not allowed to Indus Exim or Zero-C account) One time charge of Rs. 500/- additionally apart from the annual/renewal charge
Stop Payment (Single Cheque) Rs. 100
Stop Payment (Series Cheque) Rs. 150
Cheque Return (Inward) For Financial Reasons Rs. 250 per cheque
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
ECS Returns Rs. 200
Debit Card
Classic Debit Card (Issuance & Replacement) Rs. 100 p.a.
Gold Debit Card (Issuance & Replacement) Rs. 250 p.a.
Balance Inquiry at Other ATMs within India Free
Balance Inquiry Outside India Rs. 20/- per transaction
POS Limit on Debit Card Classic card Rs. 50,000. Gold Card Rs. 100,000. (Per Day Basis)
Cash Withdrawal Limit on Debit Card Classic card Rs. 25,000. Gold Card Rs. 50,000. (PerDay Basis)
Email Statement (Daily) Free
Ahoc Statement printed Rs. 10 per page
Dormancy Charges Rs. 100
Dormant Account Activation Free
Account Closure Charges
Before Six Months Rs. 200
After Six Months NIL
Cash Delivery / Pickup (Per call)  
Till 2 lakh Rs. 150
2 - 5 lakh Rs. 250
5 - 10 lakh Rs. 400
10 - 20 lakh Rs. 800
20 - 50 lakh Rs. 1,100
> 50 lakh Contact Branch
Cash Delivery / Pickup (Beat delivery) per month  
Till 1 lakh Rs. 2,000
1 - 2 lakh Rs. 3,000
2 - 5 lakh Rs. 5,500
5 - 10 lakh Rs. 9,000
10 - 20 lakh Rs. 16,000
20 - 50 lakh Rs. 25,000
> 50 lakh Contact branch
Cheque Pickup (On call)* Rs. 50 per instance
Cheque Pickup (Beat) per month* Rs. 500

*Service Tax Applicable Extra

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

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