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    SOB Indus Progress

    Uploaded by

    AMit Prasad
    This document outlines the schedule of benefits for the Indus Progress savings account for self-employed professionals. Key benefits include unlimited free demand drafts, NEFT/RTGS transactions, debit card issuance and cash withdrawals at own ATMs. Account maintenance charges are 10% of the shortfall in required balance. The account also provides unlimited add-on accounts for family, international remittance facilities and mobile alerts for transactions.

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    © All Rights Reserved
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    SOB Indus Progress

    Uploaded by

    AMit Prasad
    92 views2 pages
    This document outlines the schedule of benefits for the Indus Progress savings account for self-employed professionals. Key benefits include unlimited free demand drafts, NEFT/RTGS transactions, debit card issuance and cash withdrawals at own ATMs. Account maintenance charges are 10% of the shortfall in required balance. The account also provides unlimited add-on accounts for family, international remittance facilities and mobile alerts for transactions.

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    SOB-Indus-Progress

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    This document outlines the schedule of benefits for the Indus Progress savings account for self-employed professionals. Key benefits include unlimited free demand drafts, NEFT/RTGS transactions, debit card issuance and cash withdrawals at own ATMs. Account maintenance charges are 10% of the shortfall in required balance. The account also provides unlimited add-on accounts for family, international remittance facilities and mobile alerts for transactions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    92 views2 pages

    SOB Indus Progress

    Uploaded by

    AMit Prasad
    This document outlines the schedule of benefits for the Indus Progress savings account for self-employed professionals. Key benefits include unlimited free demand drafts, NEFT/RTGS transactions, debit card issuance and cash withdrawals at own ATMs. Account maintenance charges are 10% of the shortfall in required balance. The account also provides unlimited add-on accounts for family, international remittance facilities and mobile alerts for transactions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Schedule of

    Benefits

    A Savings Account for


    Self-employed Professionals

    Effective 1st November, 2022


    IPS/SOB/07-2022

    For details, call the Phone Banking Number: 1860 267 7777
    or visit at www.indusind.com
    SCHEDULE OF BENEFITS
    Particulars Indus Progress Particulars Indus Progress
    Program Criteria Debit Card / Chip Debit Card
    Relationship Criteria Relationship Value Required for Indus Progress Card Issuance/Renewal/Annual Fee* Free for Visa Signature Debit Card

    Savings Account ` 1,00,000 Card Replacement Visa Signature Debit Card - ` 249/- + taxes
    Issuance of Duplicate PIN Free
    Savings Account + Fixed Deposit ` 10,00,000
    Balance Enquiry at any ATM in India & Outside India India: Free & Outside India: ` 20 for balance enquiry
    Balance Non-Maintenance Charges 10% of the shortfall in AQB required as per program subject to
    maximum of ` 900 Cash Withdrawal - Own ATMs (IndusInd Bank) Free

    Add-On Accounts Free add-on accounts for family members # Unlimited withdrawals free within India
    Cash Withdrawals - Other Bank ATMs in India & Outside India
    Remittance Facilities through Own Bank Outside India: 1 Free p.m., ` 125 per withdrawal exceeding free limits
    Demand Draft or Pay Order - Issuance Unlimited Drafts Free Daily Cash Withdrawal Limit ` 1.5 Lac

    DD/PO Cancellation/ Duplicate Instrument Issuance Free Daily POS Limit ` 3 Lac
    Foreign Currency exchange Mark Up fee 1% for Visa Signature Debit Card
    DD/ PO Revalidation Free
    Other Savings Bank Account Facilities
    Visa Credit Card Payment through ATM/ Netbanking Free Account Statement Monthly (E-Statement)

    NEFT - Inward/ Outward Free Issuance of Duplicate/ Additional Statement Free


    Issuance of Loose Cheque Leaves Free
    RTGS - Inward/ Outward Free
    Remittance Facilities through Other Bank Issuance of Duplicate Pass Book Free
    Free one draft (correspondent bank only) per day up to ` 2,00,000. Internal Transfer/ ECS Return (Insufficient Balance) ` 450 per return
    DD - Issuance Above the free limit ` 1.5 per ` 1,000, Miscellaneous
    Minimum of ` 25 & Maximum of ` 3,000 per
    Mobile Alerts Free Transaction Alerts
    instrument Non-Correspondent Banks - On Actuals
    Balance Certificate Free
    DD - Cancellation ` 100 per instrument
    Interest Certificate Free
    DD - Revalidation ` 100 per instrument
    Standing Order/ Balance Order/ Instructions Free
    Foreign Exchange Remittance
    Enquiry relating to old records Free
    Inward Remittances Free^^
    ` 200, if account is closed within 6 months or balance in the A/c
    FIRC (Foreign Inward Remittance Certificate) Issuance ` 100 Account Closure
    whichever is lower

    ` 250 in addition to SWIFT charges Photo Attestation Free


    Non-Trade Remittance
    Signature Attestation Free
    SWIFT/ Wire Transfer ` 500
    Cheque Stop Payment Free
    FCY (Foreign Currency) Draft/ DD Issuance ` 350
    Inoperative Account (24 Months) Not Applicable
    FCY (Foreign Currency) Cheque Collection 0.25% on the cheque amount, Minimum of ` 25 Cheque Books
    Cheque Collection Issuance of Cheque Books Unlimited Payable-At-Par Cheque Books Free
    Local Clearing Free Charges on Cash Withdrawal/ Deposits at Branch/es
    At any branch in India Free
    Outstation Clearing through Own Bank Free Doorstep Banking
    Cheque Pick up Unlimited Free
    Outstation Clearing through Correspondent Bank Free
    Cash Delivery 1 Request Free/Day; Minimum value of ` 10,000 & Maximum of ` 2 Lac
    Only for Financial Reasons Cash Pick up 1 Request Free/Day; Minimum value of ` 10,000 & Maximum of ` 2 Lac
    Preferential Pricing/ Discount on Other Banking Products
    Return of Cheque/s - Local Local Inward Clearing: ` 450/- per cheque return
    Locker Rental Free for the first year, 50% from second year onwards**
    Local Outward Clearing: ` 100/- per cheque return Loans 10% Discount on Processing Fees

    Collection charges subject to a minimum of ` 100 plus actual out Demat Account First Year Annual Maintenance Charge Waiver
    Return of Cheque/s - Outstation - through Own Bank
    of pocket expenses 1.Goods and Services Tax of 18% will be levied on the aforementioned charges. 2.Doorstep Banking is available at select branches only, free for Senior Citizens and
    Differently abled customers. 3.Bank reserves the right to assess charges on transactions which are not covered by this schedule and to amend with prior notice the terms
    Return of Cheque/s - Outstation Cheques Received in ` 100 plus out of pocket expenses and conditions governing such services mentioned above and rates stated in this schedule. 4.Any changes in the charge tariff will be applied after a notice of atleast 30
    Inward Collection days. AQB - Average Quarterly Balance. Average Quarterly Balance (AQB) requirement varies with location. •*Free subject to required balance maintenance, otherwise it
    is `499/- p.a plus taxes. •**For Standard & Medium Lockers. 50% off from first year onwards on Large Lockers & 35% off from first year onwards for Jumbo Lockers. Locker
    #
    rental waiver will be revoked if balance is not maintained as per the product requirement. •^^FX Currency Conversion Tax will be recovered as per actuals. • Unlimited
    st
    Cash Withdrawal is capped at 50 transactions per month, above 50 withdrawals in a month every cash transaction will be charged @ `21 effective 1 November'22.

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