IndusInd Bank current accounts are tailored for businesses, professionals, and startups that require frequent and high-volume transactions. Unlike savings accounts, current accounts offer no cap on deposits or withdrawals and are designed to simplify cash flow management. With options like zero balance accounts for individuals and flexible banking features for enterprises, IndusInd Bank combines convenience, digital banking, and overdraft facilities.

IndusInd Bank Current Account

A current account is a specific bank account that every individual and business uses mainly for non-personal transactions. This account is valid specifically for those who carry out a large volume of banking transactions daily, including firms, public enterprises, traders, businessmen, and others. 

Unlike a savings account, a current account does not earn interest. Instead, it focuses on providing flexible and frequent transactions crucial for businesses and trading activities.

How to Open a Current Account in IndusInd Bank?

Opening a current account with IndusInd Bank is a simple and hassle-free process. You can choose the one that fits your business and industry types from the bank’s varied options for current accounts. Moreover, you can open a current account with IndusInd Bank by visiting the branch physically or online from anywhere. 

Here is a detailed step-by-step guide to follow for opening a current account with the bank:

• Go to the official website of IndusInd Bank and click on the option ‘Let’s Get Started.’
• Fill out the form with relevant contact and business details
• Select your preferred product/current account type
• Provide your details
• Proceed to fund your current account and complete your video KYC

IndusInd Bank Current Account Types

Here is a detailed overview of the types of current accounts:

IndusInd Bank Current Account Opening Eligibility

Individual account holders at IndusInd Bank can opt for a wide variety of current accounts. Anybody meeting the following eligibility criteria can apply for a current account at IndusInd Bank:

• Partnership
• Sole Proprietorship
• Resident Individual
• Hindu Undivided Family
• Trust, Societies, Associations, Clubs, etc.
• Limited Liability Partnerships / Limited Company

IndusInd Bank Current Account Opening Documents

The documentation process for opening a current account with IndusInd Bank is easy and straightforward. Make sure to keep all relevant documents beforehand for easy approval. Explore the complete list of documents below you need for the current account opening:

For individuals

• PAN card
• Aadhaar card linked with a mobile number
• GST certificate older than 6 months from the opening date of an account 

For sole proprietorship

Here is a list of mandatory documents to provide applicable for sole proprietorships:

• PAN card
• Active GST certificate older than 6 months from the opening date of account
• Aadhaar card linked with your contact number 

Anyone from the below options:

• FSSAI certificate
• Shop and establishment certificate
• ICAI certificate
• ICWAI
• ICSI certificate
• MCI certificate
• Import and export code
• Tax Identification Number 

IndusInd Bank Current Account Minimum Balance

The average minimum balance to across different types of IndusInd Bank current accounts is given below:

IndusInd Bank Current Account Benefits

IndusInd Bank current accounts offers the following benefits:

Maximum Number of Transactions

• This is one of the distinguishing features of IndusInd Bank current account. 
• This bank account allows you to carry a maximum number of transactions. 
• This is, thereby, ideal for businesses with frequent banking needs. 

Digital Banking Services

• Current account embraces digital banking through Internet banking and other mobile app facilities.
• This allows one to complete banking-related tasks faster and efficiently from any location. 
• Alongside this, you will receive alerts and real-time notifications, which is considered a time-saving feature. 

Direct Payment Services

• With your current account, you can make direct payments through pay orders, demand drafts, and cheques. 
• This simplifies the entire process of making regular payments. 

Overdraft Facility

• A business account provides an overdraft facility. 
• Thus, money withdrawal becomes easier if there is a zero account balance. 
• This also serves as a short-term loan process and is helpful in managing businesses’ cash flow. 

Interest Rates

• In the current account, there are no rates of interest associated. 
• However, with every current account creation in IndusInd Bank, you can earn interest on surplus funds. 
• If your amount surpasses the desired limit, the surplus fund becomes a fixed deposit. 

Once familiar with your current account, selecting the right bank is beneficial. With its attractive features and benefits, IndusInd Bank can become your ideal banking partner and assist you in business. 

IndusInd Bank Current Account Interest Rate

There are no interest rates applicable to IndusInd Bank’s current accounts. However, with the majority of IndusInd Bank current accounts, earning money on excess or additional funds is possible. With the auto sweep deposit feature, exceeding any amount above the desired limit automatically moves the amount to a fixed deposit. 

For example, your IndusInd Bank account consists of Rs. 5 Lakh, and your balance is Rs. 5.5 Lakhs, the surplus amount of Rs. 50,000 is then moved to a fixed deposit account where interest is earned based on a fixed deposit account. 

IndusInd Bank Current Account Customer Care

Reaching out to the customer care department of IndusInd Bank is a simple process. Customer services are available throughout for easy availing services. Here is a detailed overview of current account customer care numbers account holders can reach out for any assistance:

• 1800 266 0616 
• 1800 102 3333
• 1800 266 0488
• 1800 274 1000

How to Close IndusInd Bank Current Account?

You may follow the steps given below to close your IndusInd Bank current account:

• Obtain the account closure form from the nearest IndusInd Bank branch.
• Fill in all necessary details, including the reason for closing the account.
• Ensure all authorised signatories sign the form (for business entities).
• Submit valid KYC documents such as Aadhaar and PAN of the signatories.
• Return all unused cheque leaves and the passbook.
• The bank will verify the documents and process the closure.
• The remaining balance will be refunded via demand draft, cash, or account transfer.

IndusInd Bank Current Account Charges

Given below are the IndusInd Bank Current Account Charges:

IndusInd Bank Current Account Statement Password

The IndusInd Bank current account statement usually remains password protected and encrypted. This security ensures that financial information is kept safe and secure. It also lowers the risk of identity theft, which might occur with postal services. 

Final Thoughts

IndusInd Bank current accounts are tailored to support businesses of all scales—from individual proprietors to large enterprises. With features like zero balance options, digital-first banking, merchant solutions, and auto sweep facilities, they offer flexibility and control over your financial operations. 

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