Overview
Indus Merchant Plus is exclusively designed for Traders/Retailers/ Merchants who wants to avail POS/PG/QR Code facility. With this account, POS/PG/QR Code facility can be opted at the time current account opening itself and all documentation can be done in one go.
Features
50 PAP Cheque Leaves free in a month
Free Cash Deposit up to Rs3 Lacs per month at Base location
Nil monthly balance requirement
Free Local and Outstation Cheque deposit on IndusInd Location
Free DD/PO up to Rs25 Lacs, payable at IndusInd Branch Locations
Free RTGS/NEFT/IMPS
Choose from different Debit Card Varients
Schedule of Charges
Schedule of Charges for Indus Merchant Plus Current Accounts
| Average Monthly Balance Requirement | Nil |
| Charges for Non-Maintainance of AMB | Not Applicable |
| Cheque Book Issuances (Payable At Par: 50 leaves Book) |
1 cheque book Free Per Month |
| Charges of Cheque Book on additional usage | 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 |
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| Funds Transfer (Between any Indusind Bank Branches) (Online/through Branch) | 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) | Free |
| Anywhere Payment: Cheques paid at non-home location of Indusind Bank | Free |
| DD/PO (At Branch Locations) | |
| Free Limit | Rs. 25 lakh per month |
| Charges on Additional usage | Rs. 1/1000 Min Rs. 25 Max Rs.10,000 |
| DD/PO (Correspondent Bank Location) | |
| Free Limit | Rs. 5 lacs per month |
| Charges on Additional usage | Rs. 2/1,000 Min Rs. 100 Max Rs. 15,000 |
| DD/PO (Non-Correspondent Bank) | Rs. 3/1,000 Min Rs. 100 Max Rs. 15,000 |
| NEFT/ RTGS/ IMPS (Online/Branch) | 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 month | Rs. 3,00,000 |
| Additional Charges on incremental deposits | Rs. 3/1,000 (Minimum Rs. 50/- per transaction) |
| Free Cash Deposit at Non-Home Location per month | Rs. 1,00,000 |
| 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) | 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 Net banking/Mobile banking/IVR | |||
| Stop Payment (Series Cheque) | Rs. 150, Nil Charges if requested through Net banking/Mobile banking/IVR | |||
| Cheque Return (Inward) For Financial Reasons |
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| 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 | Rs. 699/- (Issuance, Supplementary Card & Annual charges) 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 | Rs. 150 |
| 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)+ | Rs. 50 per instance |
| Cheque Pickup (Beat) per month+ | Rs. 500 |
| +Available in Select Locations only |
| PAP- Payable At Par |
| GST as applicable on charges |