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Trade & Foreign Exchange Current Account

Overview

Geographical boundaries should not restrict the growth of your business. IndusInd Bank brings you Indus Exim Trade current account - a one-stop account that will take care of all your cross border transactions. The account gives you extra-edge that caters to your need to succeed in today’s challenging cross-border business environment and enhances client satisfaction by delivering a timely resolution to your needs.

Variants of INDUS EXIM Trade Current Account:

Account Type Quarterly throughput Volume*
INDUS EXIM – BASIC# USD 20,000
INDUS EXIM – ADVANTAGE# USD 50,000

 


Features

Competitive charges

Competitive charges on trade transactions with value-added benefits of a current account

Trade advisory

Trade advisory services, to help you evaluate opportunities and risks including hedging tools

Relationship Manager

Dedicated Relationship Manager*

No minimum-balance

No minimum-balance maintenance requirement on current account operations

Forex Transaction

Specialised product desks catering to trade and FOREX transactions*

Forex Updates

Daily FOREX updates through emails and SMS, keeping you abreast with the FOREX market

Swift Processing

Swift processing of documents and speedy remittances

Trade Fee and charges

Trade Services IndusEXIM Basic Indus EXIM Advantage
Trade Throughput- Quarterly (QTP) USD 20,000/- USD 50,000/-
Remittances    
Inward Remittances* Free Free
Non Trade Outward Remittances* Rs. 250 Rs. 250
FIRC Issuances Free Free
Exports    
Export Bills for Collection & under LC* 500 400
Advance Export Bills* 500/bill 400/bill
Export LC Advising 600 500
BRC Issuances for all Export transactions Free Free
Imports    
Advance Payments for Imports* 500 Flat 400 Flat
Direct Import Bills* 500 Flat 400 Flat
Import Bills for Collection* 500 Flat 400 Flat
Miscellaneous Charges    
Swift Charges 250  150
Courier Charges 1000 1000
Registered Post Charges 250 250 
Penalty Charges for Non maintenance of QTP 0.30 % of deficit 0.30 % of deficit
Commission in lieu of exchange 0.125% 0.10%

Note:

  • *Denotes facilities on which QTP is calculated.
  • Foreign currency conversion charges and service tax will be recovered.
  • Non-QTP achievement will attract penalty charges.
  • Trade transaction handling are subject to necessary due diligence conducted as per bank policy.

 

*Conditions apply
The services and product mentioned are indicative of broad range of services offered by the bank and are subject to terms and conditions. For any services and products not covered in the letter, please contact any of our branches or phone banking at 022-44066666/ Toll free - 1860 267 7777. (MTNL and BSNL subscribers)

Exim Basic Current Account benefits

Trade & Foreign Exchange Current Account Benefits

Average Monthly Balance Requirement
Nil
Charges for Non-Maintainance of AMB NA
Cheque Book Issuances
(Payable At Par: 50 leaves Book)
5 cheque books
Free per month
Charges of Cheque Book on additional usage1 Rs. 2 per leaf

Local Cheque Deposit Free
Cheques deposited at any location of Indusind Bank for clearing in the same location Free
Outstation Cheque Deposit on IndusInd Location Free
Outstation Cheque Deposit on Non IndusInd Location
Instrument Value Charges
Up to and including 5,000 Rs. 25/-
Above 5,000 and up to and including 10,000/- Rs. 50/-
Above 10,000 and up to and including 1,00,000/- Rs. 100/-
Above Rs 1,00,000/- Rs. 200/- per instrument
Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 Free
For specialised option on Indus Collect (CMS Collections Services) please seek help from your Relationship Officer

Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 Free
Anywhere Payment: Cheques paid at non-home location of Indusind Bank Free
DD/ PO (At Branch Locations)
Free Limit Rs. 150 lacs per month
Charges on Additional usage Rs. 1/1000 Min Rs. 25 Max Rs. 10,000
DD/ PO (Correspondent Bank Location)
Free Limit Rs. 20 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/ RTGS/ IMPS Free
For specialised option on Indus Direct (Payment Services) please seek help from your Relationship Officer

Cash Deposit
Free Cash Deposit at Home Location per month3 Rs. 12,00,000
Additional Charges on incremental deposits Rs. 3/1,000 (Minimum Rs. 50/- per transaction)
Free Cash Deposit at Non-Home Location per month3 Rs. 300000
Additional Charges on incremental deposits Rs. 4/1,000 (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 which charges of Rs. 21 per transaction will be applicable.
Cash Withdrawal Outside India Rs. 125/- Per Transaction
Cash Withdrawal Limit by Debit Card Refer Standard Schedule of Charges for Debit Card

Stop Payment (Single Cheque) Rs. 100, Nil Charges if requested through Indusnet / Indus Mobile / IVR
Stop Payment (Series Cheque) Rs. 150, Nil Charges if requested through Indusnet / Indus Mobile / IVR
Cheque Return (Inward) For Financial Reasons Up to 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 Rs. 50 per cheque
Cheque Return (Outward) Other Locations Rs. 100 per cheque + Out of pocket expenses
Internal Transfer Return Charges NIL
NACH / ECS Return Rs. 200
DEBIT CARD
Gold / Titanium Debit Card Rs. 249/- (Issuance, Replacement, Supplementary Card & Annual Charge)
Platinum Business Chip Debit Card Rs699-(Issuance, Annual Charges, & Supplementary Card) Rs 249/- for Replacement
Balance Inquiry at Other ATMs within India Free
Balance Inquiry Outside India Rs. 20/- per transaction
POS Limit on Debit Card Limit as per Debit Card Taken, Refer Standard schedule of charges for Debit Card
Email Statement (Daily) Free
Adhoc Statement printed Rs. 10 per page

Cash Delivery / Pickup (Per call)
Till 2 lacs Free once a day
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 (On call)* Free once a day
Cheque Pickup (Beat) per month* Rs. 500

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
+Available in Select Locations only
PAP- Payable At Par
The additional Standard Charges on Transactions due to AMB non-maintenance will not apply to Exim Current Accounts, however on breach of monhtly free limits of transactions, charges as specified will be applicable
* AMB not applicable for Indus Exim Basic and Indus Exim Advantage, only Quarterly Throughput Applicable
GST as applicable on charges

Exim Advantage Current Account benefits

Exim Advantage Current Account Benefits

Average Monthly Balance Requirement
Nil
Charges for Non-Maintainance of AMB NA
Cheque Book Issuances
(Payable At Par: 50 leaves Book)
5 cheque books
Free per month
Charges of Cheque Book on additional usage1 Rs. 2 per leaf

Local Cheque Deposit Free
Cheques deposited at any location of Indusind Bank for clearing in the same location Free
Outstation Cheque Deposit on IndusInd Location Free
Outstation Cheque Deposit on Non IndusInd Location
Instrument Value Charges
Up to and including 5,000 Rs. 25/-
Above 5,000 and up to and including 10,000/- Rs. 50/-
Above 10,000 and up to and including 1,00,000/- Rs. 100/-
Above Rs 1,00,000/- Rs. 200/- per instrument
Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 Free
For specialised option on Indus Collect (CMS Collections Services) please seek help from your Relationship Officer

Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch)2 Free
Anywhere Payment: Cheques paid at non-home location of Indusind Bank Free
DD/ PO (At Branch Locations)
Free Limit Rs. 250 lacs per month
Charges on Additional usage Rs. 1/1000 Min Rs. 25 Max Rs. 10,000
DD/ PO (Correspondent Bank Location)
Free Limit Rs. 20 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/ RTGS/ IMPS Free
For specialised option on Indus Direct (Payment Services) please seek help from your Relationship Officer

Cash Deposit
Free Cash Deposit at Home Location per month3 10 times of the previous Month AMB maximum of Rs. 1 cr per month
Additional Charges on incremental deposits Rs. 3/1,000 (Minimum Rs. 50/- per transaction)
Free Cash Deposit at Non-Home Location per month3 Rs. 5,00,000
Additional Charges on incremental deposits Rs. 4/1,000 (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 which charges of Rs. 21 per transaction will be applicable.
Cash Withdrawal Outside India Rs. 125/- Per Transaction
Cash Withdrawal Limit by Debit Card Refer Standard Schedule of Charges for Debit Card

Stop Payment (Single Cheque) Rs. 100, Nil Charges if requested through Indusnet / Indus Mobile / IVR
Stop Payment (Series Cheque) Rs. 150, Nil Charges if requested through Indusnet / Indus Mobile / IVR
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 Rs. 50 per cheque
Cheque Return (Outward) Other Locations Rs. 100 per cheque + Out of pocket Expenses
Internal Transfer Return Charges NIL
NACH / ECS Return Rs. 200
Debit Card
Gold /Titanium Debit Card (Issuance, Annual Charges, Replacement & Supplementary Card) FREE
Platinum Business CHIP Debit Card (Issuance, Annual Charges, Replacement & Supplementary Card) FREE
Balance Inquiry at Other ATMs within India Free
Balance Inquiry Outside India Rs. 20/- per transaction
POS Limit on Debit Card Limit as per Debit Card Taken, Refer Standard schedule of charges for Debit Card
Email Statement (Daily) Free
Adhoc Statement printed Rs. 10 per page

Cash Delivery / Pickup (Per call)
Till 2 lacs Free once a day
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 Free once a day
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 (On call)+ Free once a day
Cheque Pickup (Beat) per month+ Free

MPORTANT: 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
+Available in Select Locations only
PAP- Payable At Par
The additional Standard Charges on Transactions due to AMB non-maintenance will not apply to Exim Current Accounts, however on breach of monhtly free limits of transactions, charges as specified will be applicable
* AMB not applicable for Indus Exim Basic and Indus Exim Advantage, only Quarterly Throughput Applicable
GST as applicable on charges