If you run a business and carry frequent and high-value transactions, then you must be aware of current accounts. A current account is meant for businesses & individuals who carry a significantly higher number of transactions with banks. Further, unlink savings account – a current account has a very high upper limit on daily transactions and cash deposits or withdrawals. Additionally, these accounts offer overdraft facility and pre-approved loans so your business operations can continue without any hassle. <\/p>\n\n\n\n
IndusInd Bank offers a wide variety of current accounts that can cater to the present banking requirements of your business and hold up for your future expansion plans. You can also enjoy tailored banking solutions via IndusInd Bank\u2019s industry specific current accounts that cover Agro, Textile, IT\/ITes, Telecom, Import & Export, Shipping, etc.<\/p>\n\n\n\n
With IndusInd Bank current accounts, you get to enjoy<\/strong> :-<\/p>\n\n\n\n Different kinds of fees & charges on current accounts<\/strong><\/p>\n\n\n\n IndusInd Bank does not levy any charge on opening a current account, but you should be aware of other charges associated with a current account before you open one. Banks want current account holders to maintain a minimum amount as account balance. This amount varies from bank to bank, and is different for each current account type. This balance is either calculated on monthly basis i.e., AMB (Average monthly balance) or on quarterly basis i.e., AQB. Banks may levy a charge if you fail to maintain the required minimum account balance.<\/p>\n\n\n\n 2. Issuance of additional cheque book<\/strong> 3. Bouncing of cheque<\/strong> 4. Transactions above the free limit<\/strong><\/p>\n\n\n\n Though current accounts offer very high limit on the number of transactions, you may end up exceeding it. For transactions beyond the free limit, you may be charged a very small amount per transaction.<\/p>\n\n\n\n 5. Closing of current account<\/strong><\/p>\n\n\n\n If you wish to close a current account with your existing bank, you may have to pay a closure fee. Generally, this fee is taken only if you close your account before a certain duration (usually 14 days.)<\/p>\n\n\n\n 6. Withdrawing cash from ATM<\/strong><\/p>\n\n\n\n You may have a pay a small amount on withdrawing cash from ATMs of your existing bank or other banks if you exceed the free limit on both \u2013 the amount and the frequency. This limit varies from bank to bank, city to city and across current account variants.<\/p>\n\n\n\n 7. Miscellaneous charges<\/strong>
1. Non-maintenance of minimum account balance<\/strong><\/p>\n\n\n\n
If you have exhausted the free limit of cheque leaves before a certain time period, you may have to pay a small amount for additional cheque book issuance.<\/p>\n\n\n\n
If a cheque bounces due to technical issues on the bank\u2019s end, you will not be not be charged anything. However, you may have to pay a fee if the cheque is bounced due to insufficient funds, signature mismatch or incorrect details.<\/p>\n\n\n\n
Banks may levy a nominal fee for facilities like duplicate account statements, placement and cancellation of pay orders, etc. The fee on these services is charges to reduce the additional cost that the bank incurs while providing the same.
Open a current account with IndusInd Bank \u2013 the right banking partner for your business<\/strong><\/p>\n\n\n\n