Overview
We, at IndusInd Bank, believe in flexible banking and we demonstrate it with flexible products for various strata of businesses. Following the same philosophy, we present to you Indus Freedom, a current account which has been designed especially for your business transaction needs.
Indus Freedom is an efficient package of banking services that delivers much more than your expectations. This account suits small or medium businesses and enterprises wishing to avail a well-defined set of banking benefits. Indus Freedom Current Account offerings are best suited for Individual & Sole Proprietorship only.
Click here to know more about our USPs.
Features of Indus Freedom Account
You don’t need to worry about minimum balance requirement
One financial transaction to be done every month on net banking or Mobile App or ATM
Up to Rs.4 lac of Cash deposit per month
Free NEFT/RTGS/IMPS
Free cheque book
Free email statement and monthly physical statement by post
Choose from different Debit Card Variants
Charges of Indus Freedom
Schedule of Charges for Current Accounts w.e.f 1st July 2019
| Cheque Book Issuances | Free |
| Minimum Transaction Commitment | 1 Financial Transactions to be done in a calender month at ATM or Net Banking or Mobile App |
| Charges for Non-Transactions (NTC) | Rs 600/- per month, if Transactions as mentioned above not done in calender month |
| 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 Bank Location |
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| Funds Transfer within IndusInd Bank | Free | ||||||||||
| Funds Transfer within Indusind Bank | Free |
| Payments at Any Location of IndusInd Bank for clearing in same location through PAP cheque | Free |
| NEFT / RTGS / IMPS | Free |
| DD/ PO (At Indusind Branch Locations) | Free |
| Charges for Correspondent Bank DD | Rs. 2/1000 Min Rs. 25 Max Rs. 15000 |
| DD/ PO (Non-Correspondent Bank) | Rs. 3/1000, Min Rs. 25 Max Rs. 15000 |
| Cash Deposit | |
| Free Limit per month (Home Location) | Free up to Rs. 4 lacs per month |
| Free Limit per month (Non Home Location) | No Free limits |
| Additional Charges on incremental deposits | Rs. 4/1,000 min. Rs. 50 |
| Cash Withdrawal | |
| Cash Withdrawal from Branch / IndusInd Bank ATM | Free |
| Cash Withdrawal Non IndusInd Bank ATMs | Free |
| Cash Withdrawal Outside India | Rs. 125/- |
| Cash Withdrawal Limit at ATM | Refer Standard Schedule of Charges for Debit Card |
| Stop Payment | Single Cheque-Rs. 100, Series Cheque-Rs150, 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 Returns | 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 Charge), Rs249 for Replacement |
| Balance Inquiry at Other ATMs within India | Free with in India, Rs 20/- per instace outside India |
| 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 | E-statement - Free, Print Statement - 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) 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 call/instance |
| Cheque Pickup (Beat) per month* | Rs. 500 |
| PAP - Payable At Par, NTC - Non Transaction charge |
| GST as applicable on charges |
| # For other variant of Debit cards and further information, please refer Debit Card schedule of charges at www.indusind.com |
| " Services Available on Request at Select Locations |