Indus Freedom

    We understand that 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
    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

    Indus Freedom - Schedule of Charges wef 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 UPTO Rs. 5 lacs 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
    ATM Transactions
    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 lac - 5/-
    above  1 lacs to  2 lacs- 15/-
    above  2 lacs- 25/-
    RTGS (Charges for Payment only. Collection through RTGS Free) 2 lacs to 5 lacs - 25/-
    > 5 lacs 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 lacs Rs. 150
    2 - 5 lacs Rs. 250
    5 - 10 lacs Rs. 400
    10 - 20 lacs Rs. 800
    20 - 50 lacs Rs. 1,100
    > 50 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 - 50 lacs Rs. 25,000
    > 50 lacs 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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