The Indus Max Current Account is a great option for small businesses as it offers a variety of practical features that can help them grow. This account requires an Average Monthly Balance (AMB) of just Rs. 10,000/-, making it accessible for many small businesses. Eligible customer types include Sole Proprietorship, Partnership, Limited Company/Limited Liability Partnership, Trust/Association/Club/Society.
One of the standout features of this account is its combined free cash deposit of Rs. 6 lakhs at home and non-home locations, which offers convenience for businesses that handle cash transactions. The account also offers free issuance of up to 25 lakhs Demand Drafts (DDs)/Pay Order (POs) per month, which can facilitate secure and prompt payments.
Another great feature of the Indus Max Current Account is its automatic sweep deposit, which transfers any excess balance from the current account into a sweep FD, maximizing the return on idle funds. The account also offers a grouping of accounts facility, which enables businesses to group their current account with their own or family members' savings/current accounts, providing flexibility in maintaining required group balances.
Doorstep banking is another conveni001btent feature of this account, allowing up to three free cheque pickups in a month through on-call facility. The eligibility criteria for this account includes Resident Individual/Hindu Undivided Family (H.U.F.)/Sole Proprietorship/Partnership/Limited Company/Limited Liability Partnership/Trust/Association/Club/Society.
The account has an Average Monthly Balance Requirement of Rs. 10,000/-, with charges of Rs. 750 per month if the AMB is >=50% but <100% and Rs. 1000 per month if the AMB is <50%. The account also offers one free cheque book per month, with additional usage charged at Rs. 2 per leaf.
In summary, the Indus Max Current Account is an excellent option for small businesses that require practical and value-for-money features. With its low AMB requirement and a host of useful features, this account can help businesses grow and thrive.
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