IND ASPIRE- “Empowering Small Businesses with Smart Banking”
IND ASPIRE- “Empowering Small Businesses with Smart Banking”
| Target Group | Individual/ Partnership / Private Limited Companies/limited liability partnership/small business ventures such as
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| Purpose | For Business purposes, daily transactions, Fund Management | |||
| Account type | Current Account | |||
| Variants | Silver | Gold | Platinum | |
| Minimum QAB | Rs. 5,000/- | Rs.25,000/- | Rs.100000/- | |
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QR Sound box |
50% waiver on one- time charges of the “QR Sound Box”.
AMC for 2nd and 3rd year and Sim/data connectivity charges to be borne by the customer. |
50% waiver on one- time charges of the “QR Sound Box”.
AMC for 2nd and 3rd year and Sim/data connectivity charges to be borne by the customer. |
Free of cost “QR Sound Box” (1 time cost and AMC for 2nd and 3rd year waived)
Sim/data connectivity charges to be borne by the customer. |
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Concession in Cash Deposit charges |
Home Branch |
Free up to Rs.1 lakh /day
(Above this card rate applicable) |
Free up to Rs.100 lakh /quarter subject to max 5 lakh/day
(Above this card rate applicable) |
Free up to Rs.100 lakh /quarter subject to max 5 lakh/day
(Above this card rate applicable) |
| Non Home Branch | Free up to Rs. 50,000 per day,
After free limit: Rs. 1 per thousand (minimum Rs 25 per transaction) |
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| Concession in Cash Withdrawal charges | Home Branch | Free | ||
| Non Home Branch | Free up to 50000 per day
After free limit: Rs. 2 per thousand (minimum Rs 25 per transaction) |
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| Cheque Book Facility | 25 Leaves Free per annum | 50 Leaves Free per annum | 100 Leaves Free per annum | |
| RTGS/NEFT
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Card Rate | 25% concession on commission | 50% concession on commission | |
| Account keeping Charges | · No charges for transactions done through digital Channel (Net Banking, Mobile Banking, UPI, etc.)
· For transactions other than digital channel normal Card Rate applicable |
· No charges for transactions done through digital Channel (Net Banking, Mobile Banking, UPI, etc.)
· For transactions other than digital channel free up to 40 transactions in a quarter. Above 40 transactions normal card rate applicable. |
· No charges for transactions done through digital Channel (Net Banking, Mobile Banking, UPI, etc.)
· For transactions other than digital channel free up to 80 transactions in a quarter. Above 80 transactions normal card rate applicable. |
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| Bulk payment upload via Excel/API | Free | Free | Free | |
| QR code generation | Free of charges | Free of charges | Free of charges | |
| POS terminal | Card Rate applicable
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Card Rate applicable
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One-time Cost Model
Machine will be provided free. Monthly rent will be borne by Customer Rental Model Security deposit for machine will be provided free. Monthly rent will be borne by Customer (As per choice of customer) |
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| Charges for Non Maintenance of MAB | Normal card rate | Normal card rate | Normal card rate | |
| Issuance of Debit Card* | Free of cost Rupay Platinum Debit Card
(Issuance charges is waived – AMC charges from 2nd year onward shall be applicable) |
Free of cost Rupay Select Debit Card
(Issuance charges is waived – AMC charges from 2nd year onward shall be applicable) |
Free of cost Rupay Select Debit Card
(Issuance charges is waived – AMC charges from 5th year onward shall be applicable) |
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| Insurance Coverage (GPA) – on Debit Card | Rs.2 Lakhs**
**Offering of Personal Accidental Insurance with Debit card is subject to terms and conditions with NPCI which may change from time to time |
Rs.10 Lakhs**
**Offering of Personal Accidental Insurance with Debit card is subject to terms and conditions with NPCI which may change from time to time |
Rs.10 Lakhs**
**Offering of Personal Accidental Insurance with Debit card is subject to terms and conditions with NPCI which may change from time to time |
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| Special Offers under Rupay Select Debit Card*:
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(* subject to Terms and Conditions of NPCI/Rupay which may change from time to time). |
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| Mode Of operation | As per Mandate | As per Mandate | As per Mandate | |
| Statement on Email | Free | Free | Free | |
| Balance Certificate | Free | Free | Free | |
| Transfer of Home Branch | Nil Charges | Nil Charges | Nil Charges | |
| Sweep facility | Auto sweep facility in multiples of Rs.25000/- beyond Rs.1.00 lakh threshold with MOD from 7 days to 1 year | Auto sweep facility in multiples of Rs.25000/- beyond Rs.1.00 lakh threshold with MOD from 7 days to 1 year | Auto sweep facility in multiples of Rs.25000/- beyond Rs.1.00 lakh threshold with MOD from 7 days to 1 year. | |
| Internet Banking/ IndSMART App/ ATM Card | All digital products e.g., mobile banking, internet banking facilities may be offered as per Bank’s Extant Guidelines. | |||
| Demat Account & Trading Account | Card rate | Card Rate | Card Rate | |
| Registration of Nomination* | Free | Free | Free | |
| Specific Conditions | Ø Bank holds the right to withdraw the facility in full or in part at its discretion at any time in future.
Ø Issuance of debit cards is restricted to proprietorship firms only Ø All other Terms and conditions applicable to CA to be adhered to. Ø For all other services Card Rate to apply as per Latest Service charges Circular |
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( Last modified on Jul 02, 2025 at 08:07:10 PM )
