conceptual framework of bank1n

7/29/2019 Conceptual Framework of Bank1n

1/115

A

PROJECT REPORT ONANALYSIS OF INVESTMENT NEEDS OF CUSTOMERS

CONDUCTEDAT

Submitted toPunjab Technical UniversityJalandhar

ACADEMICSESSION(2010-2012)

In partial fulfillment of the requirement for the award of Degree of Masters

in Business Administration (MBA)

SUBMITTED To:

SUBMITTED TO:

MR. Raman KumarMandeep Singh Asstt. Prof. CTIMIT Roll no. 104372247689 JALANDHAR

CT INSTITUTE OF MANAGEMENT & IT JALANDHAR


2/115

EXECUTIVE SUMMARY

The following project contains an analysis of Indusind Bank Ltd .from a researchperspective, where an attempt has been made to know its business model, services and

products offered by it, customers current investment portfolio and their future choice for

investment, customers risk appetite & satisfaction, and suggestions are prescribed for future

strengthening based on my understanding of the business and company dynamics.

The report initially traces the companys overview, and its distribution network and a

detailed study about the product range it offers to its customers.

Survey was done to know the current investments and the proposed investments. For this a

questionnaire filling and Personal interview with people was carried on in the Bank

premises. From this an analysis was done regarding the investment habits, the objective

behind investments and risk taking ability. During the personal interview a brief introduction

about Indusinds product range was given and the respondents were asked about the

perspective to choose Indusind bank to plan their investment so as to get maximum returns.

A detailed analysis and interpretation is being done through use of

various statistical tools like pie-chart, bar graphs, percentages, Mean etc.

The analysis is being done to see investment habits and choice for investments and risk

taking ability of the investors of different age and of different occupation.

Finally, SWOT Analysis, Future Growth, Prospects and Suggestions are presented to the

company for strengthening its base in the insurance market.


3/115


4/115


5/115

CONCEPTUAL FRAMEWORK OF BANKS

BANK

In modern age, banking constitutes the fundamental basis of economic growth. Earlier the

function of bank was restricted to accepting deposits and advancing loans to the general

public. But now the definition of bank has changed. It refers to an institution that deals in

money. Besides dealing in money, banks these days perform various other functions like

credit creation, agency function, general service, etc. Banks can now be called the nerve-

centre of the countrys capital market, industrial as well as trading activities.

Banks occupy an important position in the modern world. No country can make commercial

and industrial progress without a well-organized banking system. Banks encourage the habit

of saving among the public. They mobilize small savings and channelize them into the

productive uses. Banks provide opportunities for safe custody and investment of money.

They organize and control the issue and circulation of credit investments. They facilities

transfer of funds from one place to another place and help of in settlement of debts.

A bank in an institution which deals in money and credit. It is a body of the persons,

incorporated or otherwise, who carry on the business credit, there by the facilitating

exchange or issue or money for facilitating the transmission of funds and for expanding

credit. According to bank regulation act,1949 banking means the accepting money for the


6/115

purpose of lending or investment of deposits money from the public, repayable on demand

or otherwise and withdrawal by cheque, draft, etc

Industry profile

For more than three decades the banking sector in India has exceptional achievements. The

most striking is its extensive reach. It is not only metropolitan and cosmopolitan cities; it has

reached every remote corner of the country. This has led to tremendous growth in the

banking sector.

Earlier one to had wait for hours to get simple things done

like withdrawing cash, making a draft etc. But now such activities are just a click away from

you. The Reserve Bank of Indias (RBI) role in achieving such milestones has been

remarkable. The are three main phases in the Indian Banking sector-

The early stage that is from the year 1786 to 1969, the banks were very conservative.

The first bank to be set up was the General Bank of India. Then the Hindustan bank

and the Bengal Bank. The East India Company started three banks- Bank of Bengal,

Bank of Bombay and Bank of Madras. This later combined to form the Imperial Bank.

The Allahabad bank was the first bank which started and controlled by Indians. A lot

of banks emerged during the 90s. Most of them were private.

The period between 1913 and 1969 saw slow growth and many

failures in the banking industry. To streamline the functioning and activities of

commercial banks, the Government of India came up with The Banking Companies

Act, 1949 which was later changed to Banking Regulation Act 1949 as per amending


7/115

Act of 1965 (Act No. 23 of 1965). Reserve Bank of India was vested with extensive

powers for the supervision of banking in India as the Central Banking Authority.

After independence the Government took to many steps to improve banking. It

brought awareness among people and inculcated a sense of savings in the minds of theIndians. It mainly concentrated on the semi urban and rural areas of the country. It

changed the Imperial bank to what is known as State Bank of India. Seven

subsidiaries were formed and the bank was directly under RBI. Before the steps of

nationalization of Indian banks, only State Bank of India (SBI) was nationalized. It

took place in July 1955 under the SBI Act of 1955. Nationalization of Seven State

Banks of India (formed subsidiary) took place on 19th July, 1960.

The State Bank of India is India's largest commercial bank and is ranked one of the

top five banks worldwide. It serves 90 million customers through a network of 9,000

branches and it offers either directly or through subsidiaries -a wide range of banking

services.

The second phase of nationalization of Indian banks took place in the year 1980.

Seven more banks were nationalized with deposits over 200 crores. Till this year,

approximately 80% of the banking segment in India was under Governmentownership.

After the nationalization of banks in India, the branches

of the public sector banks rose to approximately 800 in deposits and advances took a

huge jump by 11,000. Banking in the sunshine of Government ownership gave the


8/115


9/115


10/115


11/115

Banking in India

Banking in India originated in the last decades of the 18th century. The first banks were The

General Bank of India, which started in 1786, and Bank of Hindustan, which started in 1790; both

are now defunct. The oldest bank in existence in India is the State Bank of India, which originated

in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This

was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of

Madras, all three of which were established under charters from the British East India Company.

For many years the Presidency banks acted as quasi-central banks, as did their successors. The

three banks merged in 1921 to form the Imperial Bank of India, which, upon India's independence

became the State Bank of India.

Post-Independence

The partition of India in 1947 adversely impacted the economies of Punjab and West Bengal

paralyzing banking activities for months. India's independence marked the end of a regime of the

Laissez-faire for the Indian banking. The Government of India initiated measures to play an active

role in the economic life of the nation, and the Industrial Policy Resolution adopted by the

government in 1948 envisaged a mixed economy. This resulted into greater involvement of the

state in different segments of the economy including banking and finance. The major steps to

regulate banking included:

The Reserve Bank of India, India's central banking authority, was nationalized on January 1

1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948

(RBI, 2005b).

In 1949, the Banking Regulation Act was enacted which empowered the Reserve Bank of

India (RBI) "to regulate, control, and inspect the banks in India."
http://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Partition_of_Indiahttp://en.wikipedia.org/wiki/Punjab,_Indiahttp://en.wikipedia.org/wiki/Punjab,_Indiahttp://en.wikipedia.org/wiki/West_Bengalhttp://en.wikipedia.org/w/index.php?title=Indian_independence_goverment&action=edit&redlink=1http://en.wikipedia.org/wiki/Laissez-fairehttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Mixed_economyhttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Partition_of_Indiahttp://en.wikipedia.org/wiki/Punjab,_Indiahttp://en.wikipedia.org/wiki/West_Bengalhttp://en.wikipedia.org/w/index.php?title=Indian_independence_goverment&action=edit&redlink=1http://en.wikipedia.org/wiki/Laissez-fairehttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Mixed_economyhttp://en.wikipedia.org/wiki/Reserve_Bank_of_India


12/115

The Banking Regulation Act also provided that no new bank or branch of an existing bank

could be opened without a license from the RBI, and no two banks could have common

directors.

BANK IN INDIA

The banks in India are segregated to many groups. Each

group has its unique features and limitations. Each has its own target market and is dedicated to it

Few of them only work in rural sector while others in both rural as well as urban. Many are catering

in cities only. Some are of Indian origin and some are foreign players. There are mainly 6 groups-

Public sector Banks

Private sector Banks

Co-operative sector Banks

Regional Rural sector Banks

Foreign Banks

Public Sector Banks

These banks are owned the government and the RBI is central bank controlling these banks. Most

of the public sector banks are nationalized like SBI, Canara Bank, Vijaya Bank, Allahabad Bank

Central Bank of India, Andhra Bank, etc.


13/115

Private Sector Banks

Private banking in India was practiced since the beginning of banking system in India. The first

private bank in India to be set up in Private Sector Banks in India was IndusInd Bank. It is one of

the fastest growing private sector banks in India. IDBI ranks the tenth largest development bank in

the world as Private Banks in India and has promoted world class institutions in India.

The first Private Bank in India to receive an in principle approval from the Reserve Bank of India

was Housing Development Finance Corporation Limited, to set up a bank in the private sector

banks in India as part of the RBI's liberalization of the Indian Banking Industry. It was incorporated

in August 1994 as HDFC Bank Limited with registered office in Mumbai and commenced

operations as Scheduled Commercial Bank in January 1995.

Co-operative Sector Banks

The Co-operative banks in India started functioning almost 100 years ago. The Cooperative bank is

an important constituent of the Indian Financial System, judging by the role assigned to co

operative, the expectations the co operative is supposed to fulfill, their number, and the number of

offices the cooperative bank operate. Though the cooperative movement originated in the West,

but the importance of such banks have assumed in India is rarely paralleled anywhere else in the

world. The cooperative banks in India play an important role even today in rural financing. The

businesses of cooperative bank in the urban areas also have increased phenomenally in recent years

due to the sharp increase in the number of primary co-operative banks.


14/115

Regional Rural Sector Banks

Rural banking in India started since the establishment of banking sector in India. Rural Banks in

those days mainly focused upon the agro sector. Regional rural banks in India penetrated every

corner of the country and extended a helping hand in the growth process of the country.

SBI has 30 Regional Rural Banks in India known as RRBs. The

rural banks of SBI are spread in 13 states extending from Kashmir to Karnataka and Himachal

Pradesh to North East. The total number of SBI Regional Rural Banks in India branches is 2349

(16%). Till date in rural banking in India, there are 14,475 rural banks in the country of which 2126

(91%) are located in remote rural areas. Apart from SBI, there are other few banks which functions

for the development of the rural areas in India.

Foreign Banks

Foreign Banks in India always brought an explanation about the prompt services to customers.

After the set up foreign banks in India, the banking sector in India also become competitive.

New rules

announced by the Reserve Bank of India for the foreign banks in India in this budget have put up

great hopes among foreign banks which allow them to grow unfettered. Now foreign banks in India

are permitted to set up local subsidiaries. The policy conveys that foreign banks in India may not

acquire Indian ones (except for weak banks identified by the RBI, on its terms) and their Indian

subsidiaries will not be able to open branches freely.


15/115


16/115

Banking in India

Central bank Reserve Bank of India NABARD

Nationalized banks

Allahabad Bank Andhra Bank Bank of Baroda Bank of India Ban

of Maharashtra Canara Bank Central Bank of India Corporation Ban

Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Orienta

Bank of Commerce Punjab & Sind Bank Punjab National Bank

Syndicate Bank UCO Bank Union Bank of India United Bank o

India Vijaya Bank

State Bank Group

State Bank of India State Bank of Bikaner & Jaipur State Bank o

Hyderabad State Bank of Indore State Bank of Mysore State Bank o

Patiala State Bank of Travancore

Private banks

Axis Bank Bank of Rajasthan Catholic Syrian Bank

Dhanalakshmi Bank South Indian Bank City Union Bank

Federal Bank HDFC Bank ICICI Bank IndusInd Bank ING

Vysya Bank Jammu & Kashmir Bank Karnataka Bank Limited

Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank

Nainital Bank Ratnakar Bank Saraswat Bank Tamilnad

Mercantile Bank Limited Yes Bank Development Credit Bank

Foreign banks

ABN AMRO Abu Dhabi Commercial Bank Antwerp Diamond Ban

Arab Bangladesh Bank Bank International Indonesia Bank of Americ

Bank of Bahrain and Kuwait Bank of Ceylon Bank of Nova Scotia

The Bank of Tokyo-Mitsubishi UFJ Barclays Bank Citibank India

Credit Suisse HSBC Standard Chartered Deutsche Bank Royal Ban

of Scotland
http://en.wikipedia.org/wiki/Banking_in_Indiahttp://en.wikipedia.org/wiki/Central_bankhttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/NABARDhttp://en.wikipedia.org/wiki/Category:Government-owned_banks_in_Indiahttp://en.wikipedia.org/wiki/Allahabad_Bankhttp://en.wikipedia.org/wiki/Allahabad_Bankhttp://en.wikipedia.org/wiki/Andhra_Bankhttp://en.wikipedia.org/wiki/Bank_of_Barodahttp://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/wiki/Bank_of_Maharashtrahttp://en.wikipedia.org/wiki/Bank_of_Maharashtrahttp://en.wikipedia.org/wiki/Canara_Bankhttp://en.wikipedia.org/wiki/Central_Bank_of_Indiahttp://en.wikipedia.org/wiki/Corporation_Bankhttp://en.wikipedia.org/wiki/Dena_Bankhttp://en.wikipedia.org/wiki/IDBI_Bankhttp://en.wikipedia.org/wiki/Indian_Bankhttp://en.wikipedia.org/wiki/Indian_Overseas_Bankhttp://en.wikipedia.org/wiki/Oriental_Bank_of_Commercehttp://en.wikipedia.org/wiki/Oriental_Bank_of_Commercehttp://en.wikipedia.org/wiki/Punjab_%26_Sind_Bankhttp://en.wikipedia.org/wiki/Punjab_National_Bankhttp://en.wikipedia.org/wiki/Syndicate_Bankhttp://en.wikipedia.org/wiki/UCO_Bankhttp://en.wikipedia.org/wiki/Union_Bank_of_Indiahttp://en.wikipedia.org/wiki/United_Bank_of_Indiahttp://en.wikipedia.org/wiki/United_Bank_of_Indiahttp://en.wikipedia.org/wiki/Vijaya_Bankhttp://en.wikipedia.org/wiki/Category:Government-owned_banks_in_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Bikaner_%26_Jaipurhttp://en.wikipedia.org/wiki/State_Bank_of_Hyderabadhttp://en.wikipedia.org/wiki/State_Bank_of_Hyderabadhttp://en.wikipedia.org/wiki/State_Bank_of_Hyderabadhttp://en.wikipedia.org/wiki/State_Bank_of_Indorehttp://en.wikipedia.org/wiki/State_Bank_of_Mysorehttp://en.wikipedia.org/wiki/State_Bank_of_Patialahttp://en.wikipedia.org/wiki/State_Bank_of_Patialahttp://en.wikipedia.org/wiki/State_Bank_of_Travancorehttp://en.wikipedia.org/wiki/Private_bankhttp://en.wikipedia.org/wiki/Axis_Bankhttp://en.wikipedia.org/wiki/Bank_of_Rajasthanhttp://en.wikipedia.org/wiki/Catholic_Syrian_Bankhttp://en.wikipedia.org/wiki/Dhanalakshmi_Bankhttp://en.wikipedia.org/wiki/South_Indian_Bankhttp://en.wikipedia.org/wiki/City_Union_Bankhttp://en.wikipedia.org/wiki/Federal_Bankhttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/ING_Vysya_Bankhttp://en.wikipedia.org/wiki/ING_Vysya_Bankhttp://en.wikipedia.org/wiki/Jammu_%26_Kashmir_Bankhttp://en.wikipedia.org/wiki/Karnataka_Bankhttp://en.wikipedia.org/wiki/Karur_Vysya_Bankhttp://en.wikipedia.org/wiki/Kotak_Mahindra_Bankhttp://en.wikipedia.org/wiki/Lakshmi_Vilas_Bankhttp://en.wikipedia.org/w/index.php?title=Nainital_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Ratnakar_Bank&action=edit&redlink=1http://en.wikipedia.org/wiki/Saraswat_Bankhttp://en.wikipedia.org/wiki/Tamilnad_Mercantile_Bank_Limitedhttp://en.wikipedia.org/wiki/Tamilnad_Mercantile_Bank_Limitedhttp://en.wikipedia.org/wiki/Yes_Bankhttp://en.wikipedia.org/wiki/Development_Credit_Bankhttp://en.wikipedia.org/wiki/Foreign_bankhttp://en.wikipedia.org/wiki/ABN_AMROhttp://en.wikipedia.org/wiki/Abu_Dhabi_Commercial_Bankhttp://en.wikipedia.org/wiki/Antwerp_Diamond_Bankhttp://en.wikipedia.org/wiki/Arab_Bangladesh_Bankhttp://en.wikipedia.org/wiki/Eka_Cipta_Widjajahttp://en.wikipedia.org/wiki/Bank_of_Americahttp://en.wikipedia.org/wiki/Bank_of_Bahrain_and_Kuwaithttp://en.wikipedia.org/wiki/Bank_of_Bahrain_and_Kuwaithttp://en.wikipedia.org/wiki/Bank_of_Ceylonhttp://en.wikipedia.org/wiki/Bank_of_Nova_Scotiahttp://en.wikipedia.org/wiki/The_Bank_of_Tokyo-Mitsubishi_UFJhttp://en.wikipedia.org/wiki/Barclays_Bankhttp://en.wikipedia.org/wiki/Citibank_Indiahttp://en.wikipedia.org/wiki/Credit_Suissehttp://en.wikipedia.org/wiki/HSBChttp://en.wikipedia.org/wiki/Standard_Charteredhttp://en.wikipedia.org/wiki/Deutsche_Bankhttp://en.wikipedia.org/wiki/Royal_Bank_of_Scotlandhttp://en.wikipedia.org/wiki/Royal_Bank_of_Scotlandhttp://en.wikipedia.org/wiki/Banking_in_Indiahttp://en.wikipedia.org/wiki/Central_bankhttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/NABARDhttp://en.wikipedia.org/wiki/Category:Government-owned_banks_in_Indiahttp://en.wikipedia.org/wiki/Allahabad_Bankhttp://en.wikipedia.org/wiki/Andhra_Bankhttp://en.wikipedia.org/wiki/Bank_of_Barodahttp://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/wiki/Bank_of_Maharashtrahttp://en.wikipedia.org/wiki/Bank_of_Maharashtrahttp://en.wikipedia.org/wiki/Canara_Bankhttp://en.wikipedia.org/wiki/Central_Bank_of_Indiahttp://en.wikipedia.org/wiki/Corporation_Bankhttp://en.wikipedia.org/wiki/Dena_Bankhttp://en.wikipedia.org/wiki/IDBI_Bankhttp://en.wikipedia.org/wiki/Indian_Bankhttp://en.wikipedia.org/wiki/Indian_Overseas_Bankhttp://en.wikipedia.org/wiki/Oriental_Bank_of_Commercehttp://en.wikipedia.org/wiki/Oriental_Bank_of_Commercehttp://en.wikipedia.org/wiki/Punjab_%26_Sind_Bankhttp://en.wikipedia.org/wiki/Punjab_National_Bankhttp://en.wikipedia.org/wiki/Syndicate_Bankhttp://en.wikipedia.org/wiki/UCO_Bankhttp://en.wikipedia.org/wiki/Union_Bank_of_Indiahttp://en.wikipedia.org/wiki/United_Bank_of_Indiahttp://en.wikipedia.org/wiki/United_Bank_of_Indiahttp://en.wikipedia.org/wiki/Vijaya_Bankhttp://en.wikipedia.org/wiki/Category:Government-owned_banks_in_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Bikaner_%26_Jaipurhttp://en.wikipedia.org/wiki/State_Bank_of_Hyderabadhttp://en.wikipedia.org/wiki/State_Bank_of_Hyderabadhttp://en.wikipedia.org/wiki/State_Bank_of_Indorehttp://en.wikipedia.org/wiki/State_Bank_of_Mysorehttp://en.wikipedia.org/wiki/State_Bank_of_Patialahttp://en.wikipedia.org/wiki/State_Bank_of_Patialahttp://en.wikipedia.org/wiki/State_Bank_of_Travancorehttp://en.wikipedia.org/wiki/Private_bankhttp://en.wikipedia.org/wiki/Axis_Bankhttp://en.wikipedia.org/wiki/Bank_of_Rajasthanhttp://en.wikipedia.org/wiki/Catholic_Syrian_Bankhttp://en.wikipedia.org/wiki/Dhanalakshmi_Bankhttp://en.wikipedia.org/wiki/South_Indian_Bankhttp://en.wikipedia.org/wiki/City_Union_Bankhttp://en.wikipedia.org/wiki/Federal_Bankhttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/ING_Vysya_Bankhttp://en.wikipedia.org/wiki/ING_Vysya_Bankhttp://en.wikipedia.org/wiki/Jammu_%26_Kashmir_Bankhttp://en.wikipedia.org/wiki/Karnataka_Bankhttp://en.wikipedia.org/wiki/Karur_Vysya_Bankhttp://en.wikipedia.org/wiki/Kotak_Mahindra_Bankhttp://en.wikipedia.org/wiki/Lakshmi_Vilas_Bankhttp://en.wikipedia.org/w/index.php?title=Nainital_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Ratnakar_Bank&action=edit&redlink=1http://en.wikipedia.org/wiki/Saraswat_Bankhttp://en.wikipedia.org/wiki/Tamilnad_Mercantile_Bank_Limitedhttp://en.wikipedia.org/wiki/Tamilnad_Mercantile_Bank_Limitedhttp://en.wikipedia.org/wiki/Yes_Bankhttp://en.wikipedia.org/wiki/Development_Credit_Bankhttp://en.wikipedia.org/wiki/Foreign_bankhttp://en.wikipedia.org/wiki/ABN_AMROhttp://en.wikipedia.org/wiki/Abu_Dhabi_Commercial_Bankhttp://en.wikipedia.org/wiki/Antwerp_Diamond_Bankhttp://en.wikipedia.org/wiki/Arab_Bangladesh_Bankhttp://en.wikipedia.org/wiki/Eka_Cipta_Widjajahttp://en.wikipedia.org/wiki/Bank_of_Americahttp://en.wikipedia.org/wiki/Bank_of_Bahrain_and_Kuwaithttp://en.wikipedia.org/wiki/Bank_of_Ceylonhttp://en.wikipedia.org/wiki/Bank_of_Nova_Scotiahttp://en.wikipedia.org/wiki/The_Bank_of_Tokyo-Mitsubishi_UFJhttp://en.wikipedia.org/wiki/Barclays_Bankhttp://en.wikipedia.org/wiki/Citibank_Indiahttp://en.wikipedia.org/wiki/Credit_Suissehttp://en.wikipedia.org/wiki/HSBChttp://en.wikipedia.org/wiki/Standard_Charteredhttp://en.wikipedia.org/wiki/Deutsche_Bankhttp://en.wikipedia.org/wiki/Royal_Bank_of_Scotlandhttp://en.wikipedia.org/wiki/Royal_Bank_of_Scotland


17/115

Regional Rural banks

North Malabar Garmin Bank South Malabar Garmin Bank Pragath

Garmin Bank Shreyas Garmin Bank
http://en.wikipedia.org/wiki/Regional_Rural_bankhttp://en.wikipedia.org/wiki/North_Malabar_Gramin_Bankhttp://en.wikipedia.org/wiki/South_Malabar_Gramin_Bankhttp://en.wikipedia.org/w/index.php?title=Pragathi_Gramin_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Pragathi_Gramin_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Shreyas_Gramin_Bank&action=edit&redlink=1http://en.wikipedia.org/wiki/Regional_Rural_bankhttp://en.wikipedia.org/wiki/North_Malabar_Gramin_Bankhttp://en.wikipedia.org/wiki/South_Malabar_Gramin_Bankhttp://en.wikipedia.org/w/index.php?title=Pragathi_Gramin_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Pragathi_Gramin_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Shreyas_Gramin_Bank&action=edit&redlink=1


18/115

Function of the banks


19/115

The functions of commercial banks are divided into two categories:

1) Primary functions, and

2) Secondary functions including agency functions.

1) Primary functions:

The primary functions of a commercial bank include:

a) Accepting deposits; and

b) Granting loans and advances;

a) Accepting deposits

The most important activity of a commercial bank is to mobilize Deposits from the public. Peoplewho have surplus income and savings find it convenient to deposit the amounts with banks

Depending upon the nature of deposits, funds deposited with bank also earn interest. Thus, deposits

with the bank grow along With the interest earned. If the rate of interest is higher, public are

motivated to deposit more funds with the bank. There is also safety of funds deposited with the

bank.

b) Grant of loans and advances

The second important function of a commercial bank is to grant loans and advances. Such loans

and advances are given to members of the public and to the business community at a higher rate of

interest than allowed by banks on various deposit accounts. The rate of interest charged on loans

and advances varies depending upon the purpose, period and the mode of repayment. The

difference between the rate of interest allowed on deposits and the rate charged on the Loans is the

main source of a banks income.

a) Loans


20/115

A loan is granted for a specific time period. Generally, commercial banks grant short-term loans

But term loans, that is, loan for more than a year, may also be granted. The borrower may withdraw

the entire amount in lump sum or in installments. However, interest is charged on the full amount

of loan. Loans are generally granted against the security of certain assets. A loan may be repaideither in lump sum or in installments.

b) Advances

An advance is a credit facility provided by the bank to its customers. It differs from loan in the

sense that loans may be granted for longer period, but advances are normally granted for a short

period of time. Further the purpose of granting advances is to meet the day to day requirements of

business. The rate of interest charged on advances varies from bank to bank. Interest is charged

only on the amount withdrawn and not on the sanctioned amount.

Modes of short-term financial assistance

Banks grant short-term financial assistance by way of cash credit, overdraft and bill discounting.

a) Cash Credit

Cash credit is an arrangement whereby the bank allows the borrower to draw amounts up to a

specified limit. The amount is credited to the account of the customer. The customer can withdraw

this amount as and when he requires. Interest is charged on the amount actually withdrawn. Cash

Credit is granted as per agreed terms and conditions with the customers.

b) Overdraft

Overdraft is also a credit facility granted by bank. A customer who has a current account with the

bank is allowed to withdraw more than the amount of credit balance in his account. It is a

temporary arrangement. Overdraft facility with a specified limit is allowed either on the security of

assets, or on personal security, or both.

c) Discounting of Bills


21/115

Banks provide short-term finance by discounting bills, that is, making payment of the amount

before the due date of the bills after deducting a certain rate of discount. The party gets the funds

without waiting for the date of maturity of the bills. In case any bill is dishonored on the due date,

the bank can recover the amount from the customer.

ii) Secondary functions

Besides the primary functions of accepting deposits and lending money, banks perform a number of

other functions which are called secondary functions. These are as follows -

a) Issuing letters of credit, travelers cheque, circular notes etc.

b) Undertaking safe custody of valuables, important documents, and securities by providing safe

deposit vaults or lockers;

c) Providing customers with facilities of foreign exchange.

d) Transferring money from one place to another; and from one branch to another branch of the

bank.

e) Standing guarantee on behalf of its customers, for making payments for purchase of goods,

machinery, vehicles etc.

f) Collecting and supplying business information;

g) Issuing demand drafts and pay orders; and,

h) Providing reports on the credit worthiness of customers.

BANKING IN THE HIGH TECH ENVIRONMENT


22/115

At a time when banking all over the world is undergoing a radical

transformation due to all pervasive use of information technology then it must respond to the fast

changing needs of the financial system and should also become proactive and play the role of a Change Agent and bring about a Skill Revolution in the banking industry.

Change in Financial System

Financial markets throughout the world have witnessed changes

during the past two decades. Deregulation and liberalization in the financial sector have stimulated

financial innovations. Breathtaking developments in the technology of telecommunications and

electronic data processing have further accelerated these changes. As a sequel to these changes the

difference between banking and non-banking institutions have become very thin. In the changed

millennium the functioning of the financial markets has given rise to some concerns. There is a fear

that the state of the financial markets is now more risky than in the past. In a technologically

integrated world the chances of systematic risk increases and because of the intense competition

that the banks have to face, both as a result of the growth of the

Non banking financial institutions as well as securitization, it is feared that the quality of the

bank loans may have suffered.

IT and Banking


23/115

The new technology has altered the traditional ways of doing

business. Customers can view accounts, get account statements, transfer funds, purchase drafts by

making just a few keypunches. Availability of ATMs and plastic cards to a large extent avoidcustomers going to branch premises for cash. The networks have helped to automate the funds

transfer thus resulting in a more efficient payment system. Today, the transactions of all banks have

been fully computerized and the banks have moved into the direction of inter-branch and inter-bank

connectivity. In effect the banking industry is finding its use in five key areas:

Convenience in product delivery and access.

Managing productivity and performance.

Product design.

Adapting to market and customer needs.

Access to customer markets.


24/115

.


25/115

NEW CHALLENGES FACING BANKS

The functions of banks will increase under competitive pressure. These may emanate from within

the banking system as well as from non banking institutions. A greater overlap in product coverage

between commercial banks and non-banking intermediaries will occur. Thus, both on the liability

and assets sides, banks will face increasing competition.

Banks should be willing to offer products to savers, which are competitive in terms

of both price and service. On the lending sides the effort of the corporate to seek directly from the

market will also have an impact on the asset distribution of banks. Competition will also compelbanks to keep the interest spread to minimum and this context bank can earn enough for them only

by reducing the proportion of non performing assets. Banks will also have to pay attention to

market segmentation and greater specialization in different niches of the markets.


26/115

COMPANY OVERVIEWIndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The

bank offers commercial, transactional and electronic banking products and services. Indusind Bank

was incorporated in April 1994 by Dr. Manmohan Singh the then Union Finance Minister. Indusind

Bank is the first among the new-generation private banks in India.

The bank started its operations with a capital amount of Rs.1000 million among which Rs.600

million was donated by the Indian Residents and Rs.400 million was raised by the Non-Resident


27/115

Indians. The bank has specialized in retail banking services and continuously upgrades its support

systems by introducing newer technologies. It is also working on expanding its network of

branches all across the country along with meeting the global benchmark. According to the bank

its name is derived from the rich and vivid Indus Valley Civilization

Type Private Bank

Industry BFSI

Founded 1994Headquarters Mumbai, Maharashtra, India

Revenue3,260.47 crore (US$727.08

million)

Owner(s) Hinduja Group

Website www.indusind.com

Section I.1 SloganIndusInd bank has used many slogans to promote their cause. Some of the slogans used by the bank

are we Care... Dil Se and We Make You Feel Richer.
http://en.wikipedia.org/wiki/Types_of_business_entityhttp://en.wikipedia.org/wiki/Private_Bankhttp://en.wikipedia.org/wiki/BFSIhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Crorehttp://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/Hinduja_Grouphttp://www.indusind.com/http://en.wikipedia.org/wiki/File:Indian_Rupee_symbol.svghttp://en.wikipedia.org/wiki/File:IndusIndBankLogo.JPGhttp://en.wikipedia.org/wiki/Types_of_business_entityhttp://en.wikipedia.org/wiki/Private_Bankhttp://en.wikipedia.org/wiki/BFSIhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Crorehttp://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/Hinduja_Grouphttp://www.indusind.com/


28/115

INTRODUCTION

The INDUSIND was amongst the first to receive an 'in

principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector

as part of the RBI liberalization of the Indian Banking Industry in 1994. The bank was

incorporated in August1994 in the name of 'INDUSIND Bank Limited', with its registered

office in Mumbai, India. INDUSIND Bank commenced operations as a Scheduled

Commercial Bank in January 1995.INDUSIND is India's premier housing finance company

and enjoys an impeccable track record in India as well as in international markets. Since its


29/115

inception in 1977, the Corporation has maintained a consistent and healthy growth in its

operations to remain the market leader in mortgages. Its outstanding loan portfolio covers well

over a million dwelling units. INDUSIND has developed significant expertise in retai

mortgage loans to different market segments and also has a large corporate client base for itshousing related credit facilities. With its experience in the financial markets, a strong market

reputation, large shareholder base and unique consumer franchise, INDUSIND was ideally

positioned to promote a bank in the Indian environment .INDUSIND Bank began operations

in 1995 with a simple mission: to be a World Class Indian Bank. We realized that only a

single minded focus on product quality and service excellence would help us get there. Today,

we are proud to say that we are well on our way towards that goal. INDUSIND Bank Limited

(the Bank) is an India-based banking company engaged in providing a range of banking and

financial services, including commercial banking and treasury operations. The Bank has a

network of 1412 branches and 3295 automated teller machines (ATMs) in 528cities and total

employees are 52687.

Branch and ATM

Within a few years of its foundation, IndusInd Bank started climbing the

ladder of success and became one of the fastest-growing banks in the Indian banking sector. By

2006, it had expanded its branch network, from 61 in 2004, to 137. A part from setting up 150

ATM centers of its own, the bank also concluded multilateral arrangement with other banks, takingthe total number of authorized ATM outlets to 15,000. All the branches as well as ATMs of

IndusInd Bank are connected to its central database, via a satellite that operates on the latest version

of IBMs AS400-720 hardware & Midas Kapiti (now Misys) software. The Bank has a network of


30/115

1412 branches and 3295 automated teller machines (ATMs) in 528cities and total employees are

52687in 2011.

Product and services

Indusind Bank provides multi-channel facilities

which comprise of ATMs, Net Banking, Mobile Banking, Phone Banking, Multi-city Banking and

International Debit Cards. It is also credited for being one of the first banks to become a part of

RBIs Real Time Gross Settlement (RTGS) system. Enlisting the help of KPMG, IndusInd Bankhas adopted an enterprise-wide risk management system, including global best practices in the area

of Risk Management. The other products and services offered by the bank include:

Personal Banking

Accounts

Deposits

Loans

Cards - Debit Card, Credit Card, Gold Debit Card, Indus Money

Indus Protect

Wealth Management Services

Portfolio Management

Investments Insurance

Corporate Banking

Fund Based Facilities


31/115

Non Fund Based Facilities

Value Added Facilities

Supply Chain Management

International Banking

Correspondent Banking

SWIFT

Rupee Drawing Arrangement R

Advisory Services A

Facilities to Exporters Trade Finance

RFC Account for Residents R

Gold Banking

Remittance Services

Others

Investment Banking

Treasury NRI Services

Online Banking

RTGS/ NEFT


32/115


33/115

HISTORY OF INDUSIND BANK


34/115

INDUSIND BANK LTD was incorporated in August

1994 in the name of 'INDUSIND Bank Limited', with its registered office in Mumbai, India

INDUSIND Bank commenced operations as a Scheduled Commercial Bank in January 1995. If

ever there was a man with a mission it was Hasmukhbhai Parekh, Founder and Chairman-Emeritus

of INDUSIND Group.

INDUSIND BANK LTD was amongst the first to set up a bank in the priv ate sec tor

The bank was incorpora ted on 30 th Augus t 1994 in the name of INDUSIND

Bank Limited, with its registered office in Mumbai. It commenced operations as a Scheduled

Commercial Bank on 16th January 1995. The bank has grown consistently and is now amongst

the leading players in the industry

.

INDUSIND is India's premier housing finance company and enjoys an impeccable track

record i n I n d i a a s w e l l a s i n i n t e r n a t i o n a l m a r k e t s . S i n c e i t s i n c e p t i o n

i n 1 9 7 7 , t h e C o r p o r a t i o n has maintained a consis tent and healthy growth in it s

operations to remain the market leader in mortgages. Its outstanding loan portfolio covers well

over a million dwelling units. INDUSIND has developed significant expertise in retail

mortgage loans to different market segments and also has a large corporate client basefor its housing related credit facilities. With its experience in the financial markets, a

strong market reputation, large shareholder base and unique consumer franchise

INDUSIND was ideally positioned to promote a bank in the Indian environment in a milestone

transaction in the Indian banking industry; Times Bank was merged with INDUSIND Bank Ltd.,

effective February 26, 2000.

BUSINESS OBJECTIVES


35/115

INDUSIND Bank's mission is to be a World-Class Indian Bank. The objective is to build sound

customer franchises across distinct businesses so as to be the preferred provider of banking services

for target retail and wholesale customer segments, and to achieve healthy growth in profitability,

consistent with the bank's risk appetite. The bank is committed to maintain the highest level ofethical standards, professional integrity, corporate governance and regulatory compliance. Indusind

Bank's business philosophy is based on four core values - Operational Excellence, Customer Focus,

Product Leadership and People


36/115

Capital Structure (IndusInd Bank)


37/115

Period Instrument Authorized

Capital

Issued

Capital

- paid upFrom To (Rs. cr) (Rs. cr) Shares (nos) Face

Value

Capital

2010 2011 Equity

Share

500 465.77 465773835 10 465.77

2009 2010 Equity

Share

500 410.45 410454640 10 410.45

2008 2009 Equity

Share

500 355 355000000 10 355

2007 2008 Equity

Share

400 319.81 319807936 10 319.81

2006 2007 Equity

Share

400 319.81 319807936 10 319.81

2005 2006 Equity

Share

400 290.32 290317636 10 290.32

2004 2005 Equity

Share

300 290.32 290317636 10 290.32

2003 2004 Equity

Share

300 290.7 220226983 10 220.23

2002 2003 Equity

Share

250 220.23 120226983 10 120.23

2001 2002 Equity

Share

250 160 160000000 10 160

2000 2001 Equity

Share

250 160 160000000 10 160

1999 2000 Equity

Share

250 160 160000000 10 160

1998 1999 Equity

Share

250 160 160000000 10 160

1997 1998 Equity

Share

250 160 160000000 10 160


38/115

1995 1997 Equity

Share

250 120 120000000 10 120

1994 1995 Equity

Share

250 120 100000000 10 100

ORGANIZATION AND MANAGEMENT

The Indusind bank is a professionally managed organization. It has a board of directors consisting o

eminent persons who represent various fields including finance, taxation, construction and urban

policy & development. The board primarily focuses on strategy formulation, policy and control

designed to deliver increasing value to shareholders.

ORGANIZATIONAL GOALS

Main mission of the Indusind bank are to:-


39/115

Develop close relationships with individual households,

Maintain its position as the premier housing finance institution in the country,

Transform ideas into viable and creative solutions,

Provide consistently high returns to shareholders, and

Grow through diversification by leveraging off the existing client base

World Class Ind ian Bank

Benchmarking against international standards

To build sound customer franchises across distinct businesses

Best practices in terms of product offerings, technology, service levels, risk management and

audit & compliance

VISION STATEMENT OF INDUSIND BANK


40/115

T h e I N DU S IN D B a nk i s c o mm i t t ed t o m a in t a i n t h e h i g h es t l e v e l o f

e t h i c a l s t a n d a r d s , professional integri ty and regulatory compliance. INDUSIND

Banks business phi losophy is based on four core values such as:-

1. Operational excellence.2. Customer Focus.

3. Product leadership.

4 . P e o p l e .

The objective of the INDUSIND Bank is to provide its target market customers a full

range of financial products and banking services, giving the customer a one-step

window for all his/her requirements. The INDUSIND Bank plus and the investment

advisory services programs have been des igned keep ing i n mind needs o f

cu st om er s wh o se ek s di st in ct fi na nc ia l so lu ti on s, information and advice on various

investment avenues.

BUSINESS STRATEGY

o Increasing market share in Indias expanding banking

o Delivering high quality customer service

o Maintaining current high standards for asset quality through disciplined

credit risk management

o Deve l op i n no v at i ve p r od u ct s an d se rv i ce s t h at a t tr a ct t a rg e ted

customers and address inefficiencies in the Indian financial sector.

BUSINESS

Indusind Bank has three key business segments: wholesale banking services, treasury and retail

banking services. Its product range spans savings, fixed deposits and current and demat accounts;


41/115

innovative services like phone banking, intercity / inter-branch banking, net banking, mobile bankin

and various types of loans.

Business segment: Indusind bank offers a new range of commercial and transactional services

and products treasury to the wholesaler and retail customer. The bank has three key business

segments:

Wholesale Banking Services:

The Bank's target market ranges from large, blue-chip manufacturing companies in the

Indian corporate to small & mid-sized corporate and agri-based businesses. For these

customers, the Bank provides a wide range of commercial and transactional banking services

including working capital f inance, t rade services, t ransactional services, cash

management, etc. The bank is also a leading provider of structured solutions, which combine

cash management services with vendor and di st ri bu to r fi na nc e fo r f ac il it at in g su per io r

su pp ly ch ai n ma na ge me nt fo r it s co rp or at e customers. Based on its superior product

delivery / service levels and strong customer orientation, the Bank has made significantinroads into the banking consortia of a number of leading Indian corporate including

multinationals, companies from the domestic business houses and prime public sector

companies . It is recognized as a leading provider of cash management and

t ransac t i ona l bank ing so lu t i ons t o co rpo ra t e cus tomers , mu tua l funds , s t ock

exchange members and banks.

Retail Banking Services:


42/115

The objective of the Retail Bank is to provide its target market customers a full range of financial

products and Banking services, giving the customer a one-stop window for al l his/her

banking requ i rements . The product s a re backed by world-cla ss s erv ice and

del ivered to the customers through the growing branch network, as well as through alternativedelivery channels like ATMs, Phone Banking, Net Banking and Mobile Banking. The INDUSIND

Bank Preferred program for high net worth individuals, the INDUSIND Bank Plus and the

Investment Advisory Services programs have been designed keeping in mind needs of customers

who seek distinct financial solutions, information and advice on various i nv es tm en t

a v e n u e s . T h e B a n k a l s o h a s a w i d e a r r a y o f r e t a i l l o a n p r o d u c t s i n c l u d i n g

Au to Loans, Loans against marketable securities, Personal Loans and Loans for Two-

wheelers. It is also a leading provider of Depository Participant (DP) services for retai

customers , providing customers the facility to hold their investments in electronic form

INDUSIND Bank was the first bank in India to launch an International Debit Card in

association with VISA (VISA Electron) and issues the Master card Maestro debit card

as well . The Bank launched its credit card business in late 2001. By September 30, 2005, the bank

had a total card base (debit and credit cards) of 5.2 million cards. The Bank is also one

of the leading players in the "merchant acquiring" business with over 50,000 Point-of-sale (POS)terminals for debit / credit cards acceptance at merchant establishments.

Treasury:


43/115

Wi th in t hi s b us in es s, t he b an k h as t hr ee m ai n p ro du ct a re as - F or ei gn

Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities

With the liberalization of the financial markets in India, corporate need more sophisticated risk

m an a ge me n t i nf or ma ti on , a dv ic e a nd p ro du ct s tr uc tu r es . T he se a nd f in ep r ic ing on var ious treasury products are provided through the bank's Treasury team.

To comply with statutory reserve requirements, the bank is required to hold 25% of its deposits

in government securities. The Treasury business is responsible for managing the returns and market

risk on this investment portfolio.

Product of Indusind bank


44/115

ACCOUNT & DEPOSITS SERVICES

Banking should be effortless. With INDUSIND Bank, the efforts are

rewarding. No matter what a customer's need and occupational status, we

have a range of solutions that are second to none. Whether you're

employed in a company and need a simple Savings account or run

your own business and require a robust banking partner, INDUSIND Bank

not only has the perfect solution for you, but also can recommend products

that can augment your planning for the future. It includes these services: -

1. Saving accounts.

2. Current accounts.

3. Fix deposits.

4. Demate account.

5. Safe deposits lockers.

Savings Accounts

These accounts are primarily meant to inculcate a sense of saving

for the future, accumulating funds over a period of time. Whatever

persons occupation, bank have confident that person will find the perfect

banking solution. There some saving accounts like:

Regular saving Account: An easy-to-operate savings account that allows you

to issue cheque, draw Demand Drafts and withdraw cash. Check up on your


45/115

balances from the comfort of your home or office through Net Banking,

Phone Banking and Mobile Banking. If you need money urgently then

you can take money from the ATM machine. There are 1977 ATM centers

across the country.

Saving plus Account

Introducing the best banking option for you with INDUSIND Bank Savings plus Account. Now

You can get access to some of the finest banking facilities with INDUSIND Bank's Savings plus

Account. All you have to do is maintain an Average Quarterly Balance of Rs. 10,000/-.

Saving Max Account

Welcome to a world of convenience. Presenting Savings Max account, loaded withmaximum benefi ts to make your banking experience a pleasure. By maintaining

an average quar te r ly b a l a nc e o f j u s t R s .2 5 00 0 / - y o u g e t a h o s t o f

p r e m i u m s e r v i c e s f r o m I N D U S I N D B a n k absolutely free.

Senior Citizen Account

INDUSIND Bank appreciates your needs and endeavors, which is why, they present an account

especially dedicated to customer, which like a dutiful child will help you fulfill your needs in the

best manner possible.

No frills Account

In an effort to make banking simpler and more accessible for customers, bank has introduced the

'No Frills' Savings Account, which offers customer all the basic banking facilities. Customer can

even avail of services like Net Banking, Mobile banking free of cost. In this customer

can put Zero Initial Pay-in and a Zero Balance account.

Institutional saving accounts
http://www.hdfcbank.com/personal/access/netbanking/netbanking.htmhttp://www.hdfcbank.com/personal/access/netbanking/netbanking.htmhttp://www.hdfcbank.com/personal/access/phonebanking/phonebanking.htmhttp://www.hdfcbank.com/applications/misc/mobilebanking.asphttp://www.hdfcbank.com/personal/access/netbanking/netbanking.htmhttp://www.hdfcbank.com/personal/access/netbanking/netbanking.htmhttp://www.hdfcbank.com/personal/access/phonebanking/phonebanking.htmhttp://www.hdfcbank.com/applications/misc/mobilebanking.asp


46/115

A specially designed account that offers twin benefits of a savings as well as a current account.

Customers funds continue to earn you interest while he enjoys hassle-free banking & a

host of other features. All this and more in a Zero Balance account.

Salary AccountsIn this account customer can get salary from where he/she doing such job and

organization or company at where the customer of the bank in doing job deposit their

salary in to the salary account a person can get salary.

There are various kinds of saving accounts in the INDUSIND Bank like: -

Pay roll account.

Classic salary account.

Regular salary account.

Premium salary account.

Defense salary account.

No frills salary account.

Reimbursement salary account.

Kids advantage account

Start saving for your child today and secure his/her future a sentence tells by the

INDUSIND bank. Open a Savings Account and transfer money every month into customers Kids

Advantage Account and watch the savings grow as customers child grows. The accumulated

savings in the Kids Advantage Account can over the years help in meeting customer child's needs.

Main features and benefits of this account are as follow:


47/115

Current accounts

INDUSIND Bank Current Account gives the power of inter-city banking with a singleaccount and access to more than cities. From special cheque that get treated at par with local ones

in any city where branch, faster collection of outstation cheques (payable at branch

locations), free account to account funds transfer between Indusind Bank accounts to Free inter-

city clearing of up to 100 lakhs per month, banks priority services have become the

benchmark for banking efficiency. Now, with an Indusind Bank Current Account, experience

the freedom of multi-city banking. Person can have the power of multi-location access to his

account from any of our 761 branches in 327 cities. Not only that, he can do most of his

banking transactions from the comfor t of his office or home without stepping out.

There are various kinds of current account in this bank like: -

Plus current account

Indusind Bank plus Current Account gives the power of inter-city banking with a

s ingle account and access to more than cit ies. Plus Current Account requires

maintaining an average quarterly balance of Rs. 100,000.

Trade current account

In today's changing business requirements, you need to transfer funds across cities, and time is of

the essence. Indusind Bank Trade Current Account gives power of inter-city banking with a single

account. From specia l ch eque that get t reated at p ar w i th l ocal ones in a ny c i ty

wh er e ba nk ha ve a branch, to free account to account funds transfer between Indusind

Bank accounts , to f ree in te r -c i ty c lear ing of up to 50 l akhs per month , banks

p r io r i ty se rv i ces have become the benchmark for banking ef f i c iency . Trade

Cu rr en t Ac co un t re qu ir es ma in ta in in g an av er ag e quarterly balance of Rs. 40,000.

Premium current account


48/115

Business needs a partner who can manage finances while concentrate on growing business. Form

this account customer can avail benefits of inter-city banking account that requires an

average quarterly balance of only Rs. 25,000, offers Payable-At-Par cheque book facility & FREE

inter-city clearing transactions across our network up to Rs.25 Laces per month. A Current Accountwith the benefits of accessing account from a large network of branches, and through direct access

channels - the phone, mobile, Internet and through the ATM.

Regular current account

A Current account is ideal for carrying out day-to-day business transactions. With the

Indusind Bank Regular Current Account, customer can access account anytime, any

where, p a y u s in g p a ya b le a t p a r c h eq u es o r d e po s it c h eq u e a t a n y I n du s in d

bank branch. I t a lso facilitates free NEFT transactions & free RTGS collections for faster

collections in account. Regular Current Account requires to maintain an average quarterly balance

of only Rs. 10,000.With a vas t netw ork of bra nche s in ci t ies al l over the coun try

and access to a multitude of ATM's, customer can keep track of all transactions anytime.

Reimbursement Current Account

No more paperwork, no more receipts to keep track of - a hassle-free account that allows deposit

the reimbursements receive from company/organization on a monthly basis. To open this account a

person has to follow these processes:

P r oc u re a n A c co u nt O p en i ng D o cu m en t ( A OD ) f r o m I N D U S IN D B a nk . ( I f

person has jus t joined, first request to company to open up a Salary Account for particular

person).Ment ion Salary Account number and Debi t Card number on the AOD so that

Debit card can be linked to both, Salary Account as well as new Reimbursement Account

Request company to directly credit cash payments to the Reimbursement Account.

RFC Domestic Account


49/115

Full name of this account is Resident foreign currency account.

Have you accumulated foreign currency from travelling abroad frequently? Received gifts from

relatives in foreign currency? Or earned it by any other means as approved by the Reserve Bank of

India?

I f s o , o p e n R e s i d e n t F o r e i g n C u r r e n c y D o m e s t i c A c c o u n t a n d m a n a g e

f o r e i g n c u r r e n c y efficiently. Person can choose to set up your account either in US Dollar

Great Britain Pound or Euro.

To open this accounts a person as to follow this process: -

Choose the currency in which person wish to operate. Open account with an initial amount as perthe following-US Dollar = 250 Great Britain Pound = 200 Euro = 250 and maintain an Average

Quarterly Balance of the same amount.

Flexi current account

Tired of static transaction limits during peak seasons? INDUSIND Bank Flexi Current Account isthe answer to changing banking needs during peak seasons. With INDUSIND Bank Flexi

Current Account Cash Deposit and Anywhere Transaction limits are a multiple of the

balance you maintain in Current Account. So, during peak seasons, customer get the benefit of

higher transaction limits due to the higher average balances maintained in ac co un t

Wha t s more , du r ing l ean s easons , pe r son need no t wor ry abou t ma in t a in ing

huge Balances to enjoy high transaction limits, which person anyway

may not need. Flexi Current Account requires maintaining a minimum

Average Monthly Balance (AMB) of just Rs. 75,000.

Apex current account


50/115

The top position is always the desirable position. With the Apex current

account, take business to a new high. On maintaining an average

quarterly balance of Rs. 10 lakhs, this account makes sure person

make the most of every business opportunities coming his wayUnlimited, free, anywhere Banking experience at the APEX is reserved for

person who joints this.

Max current account

Maximum benefits and minimum hassles for customer with Max Current

Account with a Rs. 5lakhs average quarter ly balance requirement

bank present to world of pr iv i leges that helps business expand

and gro w. Featu res l ike maximum free tr an sa ction l imits

including other beneficial features on this current account truly enhances

business potential to the Maximum.

Fix deposits service

Long-term investments form the chunk of everybody's future plans. An alternative to

simply applying for loans, fixed deposits allow to borrow from own funds for a limited

period, thus fulfilling needs as well as keeping savings secure. People can invest his/her money

into either in security market or gold or mutual fund or into a fix deposits. People always go to

that way where he/she can get more benefits and minimum risks. So, for this purpose he

has a better chance to deposits money in to the fix deposit. I f people believe in long- term

investments and wish to earn higher interests on his/her savings, n o w i s t h e t i m e t o

i n v e s t m o ne y i n I n d u s i n d b a n k F i x e d D e po s i t . G e t u p t o 9 . 5 0 % o n

Indusind Bank Fixed Deposit with an additional 0.50% for Senior Citizens. What's more NO


51/115

Penalty if withdraw part of the FD in times of need. Flexibility, Security and High Returns all

bundled into one offering.

Regular fix deposit

As per the rules and regulation of the bank a person can deposit their money in to a fix deposit inthe

bank and can get the benefits of these facilities.

Five year tax saving fix deposit

In 2006, it was announced for the first time that Bank fixed deposits booked by an

Individual/HUF for 5 years & up to Rs. 1,00,000/- will be allowed exemption under Sec 80C of the

Income Tax Act,1961 subject to necessary declarations taken from the Customer..

Supper saver facility

Customer can enjoy a high rate of interest along with the l iquidity of a Savings

Account by opting for a Super Saver Facility on his or her savings account. Avail of an overdraft

facility of up to 75% of the value of his or herFixed Deposit.

Sweep-in facility

Do you wish to avoid taking overdrafts, and still take advantage of yourFixed Deposits?

Then w h at y ou n e ed i s a S w e ep - In F a ci l it y o n s a vi n gs a c co u nt . L i nk F i xe d

De po si t to Savings orCurrent Account and use it to fall back on in case of emergencies. A

deficit in Savings or Current Ac cou nt is tak en ca re of by us ing up an ex act val ue
http://www.hdfcbank.com/personal/accounts/savings_accounts/regular_savings_account/regular_acc.htmhttp://www.hdfcbank.com/personal/accounts/savings_accounts/regular_savings_account/regular_acc.htmhttp://www.hdfcbank.com/personal/accounts/fixed_deposits/regular_fixed_deposit/regular_fd.htmhttp://www.hdfcbank.com/personal/accounts/fixed_deposits/regular_fixed_deposit/regular_fd.htmhttp://www.hdfcbank.com/personal/accounts/current_accounts/regular_current_account/regularcc_acc.htmhttp://www.hdfcbank.com/personal/accounts/savings_accounts/regular_savings_account/regular_acc.htmhttp://www.hdfcbank.com/personal/accounts/savings_accounts/regular_savings_account/regular_acc.htmhttp://www.hdfcbank.com/personal/accounts/fixed_deposits/regular_fixed_deposit/regular_fd.htmhttp://www.hdfcbank.com/personal/accounts/fixed_deposits/regular_fixed_deposit/regular_fd.htmhttp://www.hdfcbank.com/personal/accounts/current_accounts/regular_current_account/regularcc_acc.htm


52/115

from Fixed Deposit . Since deposits are broken down in units of Re 1/-, customer

will lose interest only for the actual amount that has been withdrawn.

Demat account service

Nowadays share market is becoming is the main occupation of the person. So to avoid

faulty processes demat account is really most important for the share market and for the safety of

shares it is most important. INDUSIND BANK is one of the leading Depository Participant (DP) in

the country with over 8Lac demat accounts. INDUSIND Bank Demat services offers a secure and

convenient way to keep track of securities and investments, over a period of time, without

the hassle of handling physical documents that get mutilated or lost in transit. INDUSIND

BANK is Depository participant both with -National Securities Depositories Limited(NSDL) andCentral Depository Services Limited (CDSL).

Cards Credit cards

Debit cards

Prepaid cards

Loans provided:In todays competitive world every thing happens only with the help of money or through the

money every person need money. But some time a person has not cash on hand at that

time he needs lone either from any friend or from any financial institute. Lone dose not

mean that only lower class person needs it but also upper class person it is needed. A s p e r t h e


53/115

r e q u i r e m e n t o f t h e e v e r y p e r s o n t h e r e a r e m u c h t y p e o f l o a n s a r e t h e r e

i n t h e Indusind bank.

1. Personal loan

A person has so many dreams but some time due to scarcity of money a dream cant be satisfy. So,

here one solution for that person this is personal loan. From this he/she can fulfill their needs or

requirement. It can be any thing either a dream of vacation or son/daughters admission

to college or any wedding, so personal loan can be helpful in this entire requirement. As person

ordered in the hotel for tea or coffee and it is immediately came fast, same over here any person

want to get a personal loan with the nominal documents he can get the loan.

2. Home loan

Indusind Bank brings Indusind home loans to doorstep. With over 30 years of experience, a

d e d i c a t e d t e a m o f e x p e r t s a n d a c o m p l e t e p a c k a g e t o m e e t a l l h o u s i n g

f i n a n c e n e e d s , Indusind Home Loans, help people realize dream.

3. Vehicles loan

Nowadays the life is being so fas t, time value is becoming more important so to reachat the destination of any business related occasion or for a boy to reach college or any where at the

fix time there are so many requirement of vehicles. But every people have no capacity

to purchase vehicles with cash so for that here in the INDUSIND bank vehicles loan is

available. There are many types of vehicles loan.

Types of vehicles loan:

Two wheeler loans.

New car loan.

Used car loan.

Tractor loan (for agree culture business).


54/115

Commercial vehicle loan.

So, as per the requirement of the person there are these types of loans are available this are at the

ch ip r a t e and Hasse l f r ee f rom more documen ta t i on and o the r p rocedu re . And

c om me r ci a l b us in es sm an c an g et t he b en ef it s o f t he c om me rc i al v eh ic le s

loan s. Thus as per the nee d of different people there are vehicle loans available

And also terms and condi tion are diffe rent as per the requirement.

4. Express loan plus

Bank offer Express Loans Plus at person Doorstep to help fulfill all his/her needs. The procedure is

simple, documentation is minimal and approval is quick. It is helpful to person in repairing of

house, School admission or also in the family holiday.

5. Gold loan

With INDUSIND Bank's Gold Loan, person can get an instant loan against gold

jewel le ry and ornaments. The procedure is simple, documentation is minimal and approval is

quick. A person can get 70% loan on the value of the gold jewellery and ornaments

There is also availabi lity of the overdraft on the gold jewellery. With this a customer can get

free additional services like free personalized cheque book, free international debit card,

and free net banking phone banking services.

6. Educational loan

Nowadays important of educat ion becoming very high . As it importan t becoming high

it is becoming costly. So in the higher education some time people can not effort a high

pr ice at a same time. So, there is education loan is also available for the student. A per son can

ge t l oan up t o 10 l akhs t o s t udy i n Ind i a and 20 l akhs i f he wan t s t o s t udy i n

abroad. Loan available up to tenure of 7 years including moratorium period. Loans disbursed

directly to the educational institution. It is released as per fee schedules of institutes

Exclusive Telegraphic Transfer facility available for courses abroad. Loans available for short

duration/ job oriented courses also.


55/115

7. Loan against security

With INDUSIND Bank's Loan against Securities, person can get an overdraft against

securities like Equity Shares,

Mutual Fund Units (Equity, Debt, FMPs),

Gold Exchange Traded Fund (ETF),

NABARD's Bhavishya Ni rman Bonds,

Policies issued by LIC & Select Private I n s u r a n c e C o m p a n i e s ,

N S C , K V P , U T I B o n d s ( A R S & U S 6 4 B o n d s ) a n d G o l d D e p o s i t

Certificates, while still retaining ownership. And the best part is that he can continue to enjoy

all his shareholder benefits such as rights, dividends and bonuses Loan available to

NRIs against Shares, Mutual Funds (equity, Debt, FMPs), US64 Bonds, Insurance Policies

NSC, and KVP.

8. Loan against property

INDUSIND Bank brings Loan against Property (LAP). Person can now take a loan

against residential or commercial property, to expand his business, plan a dream

wedding, and fund his child's education and much more. He can depend on bank to

meet his entire business requirement seven to purchase a new shop or office forbus iness . Loan to purchase Commerc ia l Proper ty (LCP) is a special ly designed

product to he lp person expand his business wi thout reducing the capital from his business

These are loans services providing by INDUSIND bank which are very hassle free and really


56/115

benefits for most of customer and most of customer are satisfied by the loan services providing by

the bank.

CARD SERVICES

In todays competitive and fast time card services providing by the banks are really

very important to every person and every business needs or to take meal in to the hotel or to

purchase jewellery from the jewellery shops cards are playing good role in the banking sectors

Bank ranges of Cards help to meet financial objectives. So whether persons are looking

to add to his buying power, conducting cashless shopping, or budgeting his expenditure, he will

find a card that suits him.

Credit cards

A person wants many things like, a trip to Bali, a diamond ring for wife's dreams. Some dreams

can't wait. If there's something person has always wanted. If a person wanted fulfill his wants he

Can get benefits from the INDUSIND banks credit cards facilities. Different types of credit

Classic cards

Silver Credit Card.

Value plus Credit Card.

Health Plus Credit Card.

Premium Cards:

Gold Credit Card


57/115

Titanium Credit Card

Woman's Gold Card

Platinum Plus Credit Card

Visa Signature Credit Card

World Master Card

Commercial Cards Corporate Credit Card

Debit card

IndusInd Bank brings to you a suite of premium and utility debit cards with best in class

features and benefits which make banking and spending a pleasure. Whats more, you get

rewards and redemption options like never before!

International Gold VISA Debit Card

Indusind Bank is pleased to bring you its value added International

Gold VISA Debit Card. This card is designed to exceed your expectations at any of the VISA

ATMs or Point-Of-Sale terminals, in any part of the world.

Features & Benefits

Easy Access

o Access any of the 600+ Indusind Bank ATMs across India for cash withdrawals, cash/

cheque deposits, visa credit card bill payment facility, balance enquiry, mobile top-up

and other miscellaneous requests


58/115

o Withdraw cash at any of the 60,000 VISA / PLUS ATMs in India and over a million

ATMs across the world, through bilateral arrangements with our network partners, VISA

& NFS

o Use your card for shopping at over 4,00,000 merchant locations in India and over 26

million merchant locations across the world

No Need to Carry Cash Anymore

o Use your card for online shopping, e-payments and bill payments

o Credit Card Bill Payment (VISA Cards) over ATM and Internet

o Cash-less shopping with VISA Debit Card

o Mobile Top-ups at ATMs

o Enjoy Fuel surcharge waiver up to Rs. 125/- per month on fuel bills. T&C Apply.

Indus Money

A unique loyalty program for our customers, which rewards you for all types of spends on your

Savings Account, be it Shopping or e-Shopping, Bill Payments or Mobile Top-ups, Cash

withdrawals, or even Investments through SIPs. Whats more, get Auto Cash back directly into

your Account! Life never looked so good

Offers

Enjoy exciting offers on your Indusind International Gold VISA Debit Card. From apparels to

electronics, dining to travel & holiday, jewellery to wellness, we have tried to cover the entire

gamut of your lifestyle needs. So go ahead and enjoy the shopping!

Complimentary Card Insurance

o Lost Card Liability to the tune of Rs. 1,00,000/-

o Purchase protection to the tune of Rs. 50,000/-

o Loss of Baggage liability to the tune of Rs. 50,000/-
http://www.indusind.com/indusind/wcms/en/home/personal-banking/cards/indus-money/index.htmlhttp://www.indusind.com/indusind/wcms/en/home/personal-banking/offers/index.htmlhttp://www.indusind.com/indusind/wcms/en/home/personal-banking/cards/indus-money/index.htmlhttp://www.indusind.com/indusind/wcms/en/home/personal-banking/offers/index.html


59/115

Fees & Charges

Savings Account Product Type Annual Fees

Indus Privilege Plus & Maxima Accounts Free for Life

Indus Privilege, Indus Comfort Premium & NR Premium Rs.99/-

Indus Classic, NR Regular & Indus Comfort Rs.199/-

International Classic VISA Debit Card

The Indusind Bank International Classic VISA Debit Card ensures your convenience, whether you

are shopping, eating out, travelling or whatever. Add to it our wide array of reward and redemption

options and you have an unbeatable combination

Features & BenefitsEasy Access

o Access any of the 600+ Indusind Bank ATMs across India for cash withdrawals, cash/

cheque deposits, visa credit card bill payment, balance enquiry, mobile top-up and

other miscellaneous requests


ATMs across the world, through bilateral arrangements with our network partners

VISA & NFS

o Use your card for shopping at over 4,00,000 merchant locations in India and over 26

million merchant locations across the world


60/115

No Need to Carry Cash Anymore

o Use your card for online shopping, e-payments and bill payments

o Credit Card Bill Payment (VISA Cards) over ATM and Internet

o Cash-less shopping with VISA Debit Card

o Mobile Top-ups at ATMs

Indus Money

A unique loyalty program for our customers, which rewards you for all purchases atmerchant outlets, Online Shopping and e-Payments using your Indusind International Classic

VISA Debit Card. Choose from our Rewards Redemption Catalogue to get free gifts ranging

from Fashion & Accessories, Electronics and Household Items to gifts your children would

love to get, or choose to get cash back into your account. T&C Apply

Offers

Enjoy exciting offers on your Indusind International Classic VISA Debit Card. From

apparels to electronics, dining to travel & holiday, jewellery to wellness, we have tried to

cover the entire gamut of your lifestyle needs. So go ahead and enjoy the shopping!

Complimentary Card Insurance

Lost Card Liability to the tune of Rs. 25,000/-

Daily Transaction Limits

The daily limits per card are as follows:
http://www.indusind.com/indusind/wcms/en/home/personal-banking/cards/indus-money/index.htmlhttp://www.indusind.com/indusind/wcms/en/home/personal-banking/offers/index.htmlhttp://www.indusind.com/indusind/wcms/en/home/personal-banking/cards/indus-money/index.htmlhttp://www.indusind.com/indusind/wcms/en/home/personal-banking/offers/index.html


61/115

For ATMs: Rs 25000 for shopping and purchase (online/ at merchant establishments); RS 50000 for visa

credit card bill payment: 49999 per day.

Fees & ChargesSavings Account Product Type Annual Fees

Indus Classic & Indus Comfort Rs. 99/-

Indus Privilege & Indus Comfort Premium Free for Life

NR Regular & NR Premium Free for Life

Maximum Platinum VISA Debit Card

For exclusive people like you, magnificence comes as a natural choice. To match up to your style,

persona and lifestyle, IndusInd Bank presents you a platinum chance to enjoy a world of exclusive

privileges and luxuries with the Maximum Platinum VISA Debit Card.

Features & Benefits


62/115

Maximum benefits for Maximum joy

Rejoice while you spend with your Maximum Platinum VISA Debit Card that enables

you to explore more and more shopping options. With exciting offers and exclusive

privileges every now and then, you can enjoy a whole new world of Maximum

privileges and benefits.

o Secure Online Shopping

Sign up for Verified by VISA and enjoy safe & Secure Online Shopping andBill

payments with your Maximum Platinum VISA Debit Card

Maximum Rewards

o With the Maximum Platinum VISA Debit Card you get rewarded for all your

purchases at Merchant Outlets, Online Shopping and e-Payments like never

before! Refer table below for the accelerated rewards:

Your Monthly Spends Points per Rs.100/-

Up to Rs.5,000/- 1

Between Rs.5,001/- to Rs.10,000/- 2

Between Rs.10,001/- to Rs.20,000/- 3

Between Rs.20,001/- to Rs.40,000/- 4
http://www.indusind.com/indusind/wcms/en/home/personal-banking/cards/secure_online_shopping/index.htmlhttp://www.indusind.com/indusind/wcms/en/home/personal-banking/cards/secure_online_shopping/index.html


63/115

Above Rs.40,001/- 5

o Enjoy multiple options for Rewards Redemption suiting your lifestyle. Choose

to get Auto Cash back into your account or redeem your points against an

exclusive redemption catalogue.

Redemption

OptionDescription

Exclusive Product

Catalogue

We have designed an exclusive redemption catalogue for you

Redeem your points for any product of your choice from a

array of branded products.

Monthly Cash-

Back

Redeem your points for Cash-Back. Each point will b

redeemed at a value of 50 paisa.

Jet Privilege Miles Convert your points to JP Miles. Get 1 JP Mile for every Rewards Points.

o You also get fuel surcharge waiver up to Rs. 250/- per month, on your fue

bills. T&C apply

o Enjoy exciting offers on your Maximum Platinum VISA Debit Card. From

apparels to electronics, dining to travel & holiday, jewellery to wellness, we

have tried to cover the entire gamut of your lifestyle needs. So go ahead and

enjoy the shopping!
http://www.indusind.com/indusind/wcms/en/home/personal-banking/offers/index.htmlhttp://www.indusind.com/indusind/wcms/en/home/personal-banking/offers/index.html


64/115

Maximum Convenience

Your Maximum Platinum VISA Debit Card allows you Maximum Convenience:

o Access any of the 600+ IndusInd Bank ATMs across India for cash

withdrawals, cash/ cheque deposits, visa credit card bill payment, balance

enquiry, mobile top-up and other miscellaneous requests


ATMs across the world, through bilateral arrangements with our network partners

VISA & NFS Use your card for shopping at over 4,00,000 merchant locations in India

and over 26 million merchant locations across the world

Fees & ChargesWhile the Platinum Debit Card comes to you with a host of benefits and offers, we

have priced the same very nominally. The price that you pay for the card will be of

no match to the benefits that you can extract from the card, making it Maximum

Platinum!

Savings Account Product Type Annual Fees

Indus Privilege Plus & Maxima Accounts Rs.99/-


65/115

Indus Privilege, Indus Comfort Premium & NR Premium Rs.499/-

Indus Classic, NR Regular & Indus Comfort Rs.899/-

InvestmentsIndusInd Bank offers you personalized investment options to help achieve your financial

objectives. Solutions are tailor-made to suit each individual's requirements. We offer a host

of financial instruments that includes Fixed Deposits, Mutual Funds, Bonds and Insurance

products.

Mutual fund

In a mutual fund many investors contribute to form a common pool of money. A mutual

fund uses this money that is collected from investors, to buy those assets which are

specifically permitted by its stated investment objective. For example, a growth fund will

buy mainly equity assets- ordinary shares, preference share, warrants etc. An income fund

would mainly buy debt instruments like debentures and bonds. The funds assets are owned

by the investors in the same proportion as their contributions bears to the total contributions

of all investors put together. In India, a mutual fund is constituted as a trust and the investor

subscribes to the units of the scheme launched by the fund


66/115

. Disclosure

As per SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09, following are the details of

the comparative commission earned by Indusind

Bank from various fund-houses, whose products are being distributed:

Disclosure on Commission received By IndusInd Bank for

Various Company's

Scheme Types

Upfront

Commission

Brokerage

Trail 1st Year

Onwards(annualized)

Other

Fees

(if

any)

Portfolio

Management

service

0 to 4.50% 0 to 0.75% Nil

Private

Equity Fund0 to 3.60% 0 to 0.75% Nil

Structured

Product0 to 3.00% Nil Nil

Capital Gain

Bonds0 to 0.01% Nil Nil

Debt MF 0 to 1.00% 0 to 1.00%

Equity MF 0 to 4.50% 0 to 1.75%

Liquid MF 0 to 1.00% 0 to 0.80%

MIP MF 0 to 1.85% 0 to 1.60%

# 25% of portfolio managers fees in case of profit sharing option


67/115

Bond

GOI Savings Bonds

GOI Savings Bonds are instruments that are issued by the RBI and currently have

one option. These are among the safest instruments available for investment, and

you can be assured of getting back the full amount of your investment.

8% rate of interest per annum, which is taxable. The maturity period of the 8%

(taxable) bond is six years.

The minimum investment is Rs 1,000. One can apply in multiples of Rs 1,000

thereafter. There is no prescribed upper limit to invest in this instrument.

Capital Gain Bonds

We also distribute other bonds like National Housing Bank (NHB) and Rura

Electrical Corporation Ltd. (REC).


68/115

E-Trading

IndusInd Bank offers its customers a unique 3-in-1 proposition for e-

trading in Indian capital markets. This proposition allows you to leverage your indusind savings &

demat account for trading purposes. We will facilitate the opening of trading account w

conceptual framework of bank1n

Documents