Introduction
Opening a current account with IndusInd Bank provides businesses with a powerful financial tool for managing high-volume transactions. With innovative features like Video KYC and digital onboarding, the process has never been easier. This comprehensive guide covers everything you need to know about IndusInd Bank’s current accounts.
Why Choose IndusInd Bank Current Account?
Key Benefits
- Zero or low minimum balanceoptions
- Unlimited transactions without restrictions
- Free digital banking including mobile app and net banking
- Multi-city cheque books for pan-India transactions
- Priority banking services for premium accounts
- Overdraft facility and business loan options
Types of Current Accounts
IndusInd Bank offers tailored solutions for different business needs:
- Indus Entrepreneur
- Ideal for startups and small businesses
- Minimum balance: ₹10,000
- Free digital banking services
- Indus Advantage
- For growing medium-sized businesses
- Minimum balance: ₹25,000
- Higher transaction limits
- Indus Premium
- Designed for established businesses
- Minimum balance: ₹50,000
- Dedicated relationship manager
- Indus Max
- For high-transaction corporates
- Minimum balance: ₹1,00,000
- Unlimited transactions and forex services
Step-by-Step Account Opening Process
Online Method (With Video KYC)
- Visit IndusInd Bank’s official website
- Navigate to ‘Current Accounts’ section
- Select preferred account type
- Fill the online application form
- Upload required documents (scanned copies)
- Schedule Video KYC appointment
- Complete verification via video call
- Receive account details within 24-48 hours
Offline Method (Branch Visit)
- Locate nearest IndusInd Bank branch
- Collect and fill application form
- Submit physical documents
- Complete in-person verification
- Account activation within 2-3 working days
Document Requirements
Mandatory Documents
- PAN card (personal and business)
- Aadhaar card/Passport/Voter ID
- Business proof (GST registration, trade license, etc.)
- Address proof (utility bills, rental agreement)
- Passport-size photographs
- Board resolution (for companies)
Video KYC Process Explained
IndusInd Bank’s Video KYC makes account opening convenient:
- Scheduled video call with bank representative
- Real-time document verification
- Digital signature collection
- Instant approval in most cases
- No physical branch visit required
Fees and Charges
- Account maintenance fee: ₹500-₹2,000 per quarter (varies by account type)
- Cash deposit charges: Free up to certain limits
- NEFT/RTGS/IMPS: Free for most accounts
- Cheque book charges: First book free, subsequent books at nominal cost
Digital Banking Features
- IndusMobile App: 24/7 account access
- Net Banking: Comprehensive online platform
- UPI Payments: Instant money transfers
- SMS Alerts: Real-time transaction updates
- e-Statements: Paperless account monitoring
Business Banking Solutions
- Overdraft facility: Up to 75% of account balance
- Working capital loans: Tailored for business growth
- Trade services: Import-export solutions
- Tax payment services: Direct tax payments
Tips for Smooth Account Opening
- Compare account types before applying
- Keep documents ready in digital format
- Check eligibility for special offers
- Maintain minimum balance to avoid penalties
- Set up alerts for important transactions
Frequently Asked Questions
Q: How long does account opening take?
A: 1-2 days with Video KYC, 2-3 days for branch applications
Q: Is there a monthly fee?
A: Quarterly maintenance charges apply (varies by account type)
Q: Can I open without visiting a branch?
A: Yes, through complete Video KYC process
Q: What’s the minimum balance requirement?
A: Starts from ₹10,000 for basic accounts
Conclusion
IndusInd Bank’s current accounts offer flexible, feature-rich banking solutions for businesses of all sizes. With multiple account options, digital onboarding, and robust banking features, it’s an excellent choice for entrepreneurs and established businesses alike. The Video KYC facility makes account opening particularly convenient in today’s digital age.
For more information or to begin your application, visit IndusInd Bank’s official website or contact their customer support.