Open Current Account Online
At IndusInd Bank, we have designed our Current Accounts to be strategic assets for growth. With us, it is not just about keeping up with the best but also surging ahead of them. IndusInd Bank’s Current Account offers a suite of banking solutions to support your business. Enjoy features like online Current Account opening, customisable account numbers, efficient cheque collection services, auto-sweep fixed deposits, and account grouping (current and savings accounts) for easy management.
That’s not all! You can also leverage our specialised Current Account services like doorstep banking, cash management, trade and forex services, and the all-in-one Indus Merchant Solutions app to your advantage. Take control of your business finances with IndusInd Bank's online Current Account. Our secure mobile and internet banking solutions empower you to manage everyday tasks such as online fund transfers (via NEFT/RTGS/IMPS/UPI) for free, payment collections (via POS devices/QR codes), trade and forex services, etc., conveniently and efficiently.
Open a Current Account online with IndusInd Bank today and experience the difference with seamless and paperless banking!
Types Of Current Accounts
Your search for a compatible banking partner to start, run & grow your business ends here. IndusInd Bank current accounts are designed to cater to the evolving business requirements of every type of business – sole proprietorship, partnership firms, public limited companies, government and semi-government bodies, and many more. Explore our current accounts, NOW!
Indus One Business Account
Indus One Business account revolutionize the way you manage business finances. Whether you are a start-up or an established business, our flexible banking solutions are designed with dynamic approach that evolves alongside your business needs.
Key Features and Benefits
- Zero non-maintenance charges.
- Experience flexibility with 5 tiers benefits to meet evolving business needs.
- Higher Cash and Non-Cash Transactions.
- Lower Charges on Trade & Forex, POS and CMS services.
Indus Premier Current Account
A premier Current account with flexible limits to match dynamic Business requirement of medium-size businesses.
Key Features and Benefits
- Dynamic Cash Deposit Limits.
- Higher transaction limits.
- Auto Sweep Deposit and Grouping of Accounts facility.
Indus Max Account
A benefit-oriented Current account that offers you a host of value-for-money and practical features to help you grow your business. Ideal for small businesses with an Average Monthly Balance (AMB) requirement of Rs. 10,000/- only.
Key Features and Benefits
- Anywhere Cash deposit limits.
- Free NEFT/RTGS/IMPS.
- Auto Sweep Deposit and Grouping of Accounts facility.
Indus Select Current Account
Our premium Current account program that offers a delightful blend of scale and convenience to help businesses create more value.
Key Features and Benefits
- Grouping of Accounts- Add Family & Business accounts at no additional balance requirement.
- Enjoy Dynamic Cash Deposit Limits
- Waiver on Outward Cheque return charges
- Enjoy Auto Sweep Deposit
Indus Freedom Current Account
A Current account which has been designed especially for your business needs. Indus freedom is an efficient package of banking services for small or medium business/enterprise.
Key Features and Benefits
- No worries of balance requirement
- One Financial transaction to be done every month on Net banking or Mobile App or ATM
- Free Cheque Book
Indus Tarakki Account
Indus Tarakki Account especially designed for Retailers, Traders and Merchants to enjoy seamless digital collections.
Key Features and Benefits
- No Monthly Balance Requirement
- Digital Collections through POS/PG/QR/UPI with minimum 1 digital collection transaction in a month
- Anywhere free cash deposits upto Rs. 5 lac per month
- Anywhere free cash withdrawals and many more
Indus Grandé Business Account
Indus Grandé Prime Banking Services offers you a gamut of exciting benefits and exquisite privileges
Key Features and Benefits
- Dedicated relationship management team
- Complimentary airport lounge & golf access
- Attractive interest rates on auto-sweep fd
- Exciting rewards & cashback
- Family banking
Indus Aspire Current Account
A Current Account for newly setup entities with 6 - month AMB waiver, offering seamless opportunities for transforming your aspirations into achievements.
Key Features and Benefits
- NIL AMB for the first 6 months from the date of Account opening
- Anywhere free Cash Deposits up to Rs.3 lac per month
- Free 100 Payable At Par Cheque Leaves in a month
- Anywhere free Cash Withdrawals and many more
Indus Premier Current Account
A premier Current account with flexible limits to match dynamic Business requirement of medium-size businesses.
Key Features and Benefits
- Dynamic Cash Deposit Limits.
- Higher transaction limits.
- Auto Sweep Deposit and Grouping of Accounts facility.
Indus Max Account
A benefit-oriented Current account that offers you a host of value-for-money and practical features to help you grow your business. Ideal for small businesses with an Average Monthly Balance (AMB) requirement of Rs. 10,000/- only.
Key Features and Benefits
- Anywhere Cash deposit limits.
- Free NEFT/RTGS/IMPS.
- Auto Sweep Deposit and Grouping of Accounts facility.
Indus Select Current Account
Our premium Current account program that offers a delightful blend of scale and convenience to help businesses create more value.
Key Features and Benefits
- Grouping of Accounts- Add Family & Business accounts at no additional balance requirement.
- Enjoy Dynamic Cash Deposit Limits
- Waiver on Outward Cheque return charges
- Enjoy Auto Sweep Deposit
What makes us the preferred bank for current account:
Tailored banking - Enjoy tailored banking solutions via IndusInd Bank’s industry specific current accounts that cover IT/ITes, agro, textile, telecom, shipping, import & export and many other industries.
Choose your account number - IndusInd Bank current account gives you the freedom to choose an easy-to-remember account number - be it an anniversary date, mobile number or simply your lucky number!
Family banking via grouping of accounts - Group your current account with related savings accounts to skip the hassle of monitoring each account balance individually.
Flexible cash deposit limits - IndusInd Bank offers dynamic transaction limits on its current accounts that can adapt as per the flexible requirements of your business today and tomorrow.
Digital payment solutions – IndusInd Bank current account provides a host of digital solutions such as POS device, QR, Soundbox & Payment Gateway solution to accept cashless payments from vendors, channel partners, customers and more.
User-friendly online banking portals – Experience simple, secure, smooth internet banking and mobile banking apps for your current account that lets you bank on the go!
Hassle-free & secure doorstep banking services* - With the premium doorstep banking offering of IndusInd Bank current account, you can enjoy services like cheque pickups, on-call cash pickups and much more.
Opening a current account online with IndusInd Bank is super easy and convenient. And combined with the above-mentioned benefits, IndusInd Bank truly stands out as the ideal banking partner for your business.
All these features are accessible through our secure mobile and internet banking solutions, eliminating the need for tiresome paperwork.
Eligibility criteria to open a current account
Current account is available for wide range of entities. Anybody who meets any of the following requirements can apply:
- Resident Individual
- Hindu Undivided Family (H.U.F.)
- Sole proprietorship
- Partnership
- Limited Company/Limited Liability Partnership
- Trust, Associations, Societies, Clubs etc.
Current Account FAQs
What is a current account?
Current account is an account meant for businesses. It’s a non-interest-bearing bank account offering features that help businesses manage their short-term and long-term financial expenses. With the right current account, businesses can enjoy a significantly higher number of transactions, along with frequent and immediate access to funds without restrictions.
Micro, small, medium, large businesses and associations, societies or trusts can open a current account.
How can I open a current account with IndusInd Bank?
You can open a current account by either visiting an IndusInd Bank branch or digitally from the comfort of your home.
To instantly open a current account with IndusInd Bank, you can click here and enter the relevant details to get started.
If you prefer a face-to-face application process, you can visit the nearest IndusInd Bank branch and follow the instructions provided by our representative.
What documents do I need to open a current account?
Here is a tentative list of documents required for opening a current account:
For sole proprietorship*
- 2 documents in the name of Entity
- Address proof in the name of entity
- Proprietor Document – (Photo, PAN copy and 1 OVD* document copy)
For Hindu Undivided Family (HUF)*
- HUF PAN Card
- Karta’s PAN Card
- Karta’s OVD* document
- HUF Declaration
- KYC in the name of HUF is required as address proof
For Partnership*
- Partnership deeds
- Partnership Firm declaration
- Entity PAN card copy
- Address Proof in the name of the Entity
- OVD* copy of the partners / authorized signatories / beneficial owners (including latest photograph and PAN card copy)
For Limited Liability Partnership (LLP)*
- LLP agreements since inception
- Certificate of incorporation
- LLP firm declaration
- Latest list of designated partners
- PAN card copy of the entity
- Address proof in the name of the entity
- OVD* copy of the partners / designated partners / authorised signatories / beneficial owners (Including latest photograph and PAN card copy)
For Company (Public Limited & Private Limited)*
- Memorandum of Association (MOA) & Articles of Association (AOA)
- Certificate of incorporation
- Board resolution
- Latest list of directors
- PAN card copy
- Address proof in the name of the entity
- OVD* copy of the directors / authorized signatories / beneficial owners (including latest photograph and PAN card copy)
Official Valid Document (OVD)*
- Passport
- Driving license
- Voter identity card
- Proof of possession of Aadhaar number, in such a case declaration related to Aadhaar redaction to be provided
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by National Population Register containing details of name, address
Note:Â The nature of business proof is needed for selective industries across constitutions. The list is tentative and the bank reserves the right to seek additional documents.
Who can open a current account?
The following individuals and entities can open a current account with IndusInd Bank:
- Individuals: Residents of India can open individual current accounts
- Hindu Undivided Families (HUFs): HUFs are eligible to open current accounts
- Various business structures can open current accounts, including:
- Sole proprietorships
- Partnerships
- Limited Liability Partnerships (LLPs)
- Private limited companies
- Public limited companies
- Other organisations: Trusts, associations, societies, and clubs can also open current accounts.
Please note that only individuals and sole proprietors can open a current account online with IndusInd Bank. If an individual or entity falls under any other category, they should visit their nearest IndusInd Bank branch to open a current account.
What is the minimum balance required to open an IndusInd Bank current account?
IndusInd Bank offers a variety of current account options that suit the varying needs of different businesses, with a minimum balance required to open an account depending upon the type of account variant you choose.
IndusInd Bank gives its customers the freedom to have more access to their funds with the lowest Average Monthly Balance (AMB) requirements in the industry, starting from just â‚ą10,000.
What are the benefits of a current account?
By opening a current account, businesses can enjoy the following benefits:
- Higher transaction limits – Conduct business without restrictions.
- Overdraft facility – Manage expenses and payments even when there is insufficient balance in the account.
- Higher cash deposit limits – Deposit your business funds whenever you need to.
- Account grouping – Group your personal savings account and current account to manage your finances under one roof.
- Digital payment solutions – Deal with business payments in just a few clicks.
How is a current account different from a savings account?
The key differences between a current account and a savings account are:
- Purpose of the account: The purpose of a current account is to facilitate frequent and high-value transaction requirements of businesses, whereas a savings account is a way for individuals to save money.
- Interest income: Current accounts are non-interest-bearing. But with a savings account, you can earn interest income on your account balance.
- Freedom of performing transactions: Current account holders have the freedom of performing several transactions in a day. Savings accounts allow limited transactions only.
- Specialised services for businesses: Current accounts have features such as overdraft facility, cheque pick-up and drop services, account grouping, and more, to ensure smooth financial management for businesses. Savings account do not offer such features.
How to open a current account without a GST number?
You can open a current account of your choice by visiting your nearest IndusInd Bank branch without a GST number.
However, if you wish to open a current account digitally from the comfort of your home anytime, you need to furnish active GST certificate (more than 3 months old).
Currently, only Individuals and Sole Proprietors can apply for a current account online currently.
Can I group my current account with my savings account?
Yes, the grouping of accounts feature not only allows you to add your current account and savings account together. It also gives you the freedom to extend grouping benefits to your group businesses (entities with common authorised signatories) and family members (family as per account grouping program constitutes: kids, parents, spouse, siblings, grandparents, grandchildren, father-in-law, mother-in-law, daughter-in-law & son-in-aw) too.
Are there any interest rates paid on the current account?
No, there are no interest rates paid on a current account. The money deposited in a current account does not earn interest. This is because current accounts are heavily operated by businesses. There are constant transactions occurring within such accounts, often of sizeable amounts. Banks incur a considerable operational cost for current accounts, hence, they may not offer interest.
How is Average Monthly Balance (AMB) and Average Quarterly Balance (AQB) calculated?
IndusInd Bank Current Account does not mandate a daily minimum balance. However, we do have an average monthly balance requirement that current account holders must maintain in their current account.
AMB is calculated on a simple average of day-end balances for a calendar month. To calculate AMB, one needs to add the closing balance of the current account each day from the start of the month to the end of the month. Then, the total sum amount is divided by the number of days in that month to arrive at the AMB.
Similarly, to calculate AQB, one must consider the closing balance of the account each day from the start of the quarter to the end of the quarter. Then, the total sum amount is divided by the number of days in that quarter.
What are the charges of opening a current account?
At IndusInd Bank, you do not have to pay any current account opening charges. However, there are charges levied when the customer uses services beyond free limits* like issuance of an additional cheque book or cash deposit beyond free limits*. These charges will vary as per the services chosen.
*Note: Free limits are different for each account type.Can I change the mobile number, email ID of the current account?
Yes, you can easily change the contact details of your current account like mobile number, email ID, communication address linked to your existing current account at any point of time if the need arises. You may contact your Relationship Manager or visit an IndusInd Bank branch for the same.
Are online transactions in a current account secure?
IndusInd Bank delivers safe and secure banking services for all its products – including current accounts. Any transactions made digitally on your current account will be processed seamlessly, without any lapse in security of your funds.