Want to Open a savings account with IndusInd Bank? Start your financial journey with IndusInd Bank. Also, Check out IndusInd Bank Savings Account Interest Rate, Minimum Balance, Account Types, zero-balance Account, charges, features, Debit Cards, benefits, limits, and More.
IndusInd Bank Savings Account
S. P. Hinduja founded IndusInd Bank an Indian private-sector bank that operates in the financial services, investment banking, and wealth management sectors. IndusInd Bank has a wide range of 2606 Branches and 2878 ATMs. IndusInd Bank, India’s fifth largest private sector bank with market capitalization, provides personalized banking services.
IndusInd Bank has become a well-known name in the banking sector. IndusInd Bank Provides Services like Consumer banking, Commercial banking, Credit cards, Investment banking, Mortgage loans, Investment & Asset Management, Home Loans, Business loans, Private banking, Wealth management, Fixed and Recurring Deposits, etc.
IndusInd Bank offers many types of savings accounts to its customers. Also, IndusInd Bank’s savings account interest rate starts from 3.50% and goes up to 6.75%. This interest rate is the highest among all banks. India’s biggest private sector HDFC Bank provides just a 3.00% to 3.50% interest rate.
IndusInd Bank also provides a zero-balance savings account, so you don’t need to maintain a minimum monthly average balance. The formula for calculating The Average Monthly Balance (AMB) is AMB = Sum of the closing balances of each day in the month ÷ The number of days in the month.
Also, IndusInd Bank runs subsidiaries like Bharat Financial Inclusion Limited (BFIL). As of February 2024, IndusInd Bank’s total market capitalization is $14.35 Billion, and the fifth-largest private sector bank. One fact is IndusInd Bank is India’s first private bank was established in April 1994 in Mumbai.
So let us know from opening a savings account in IndusInd Bank to Digital Savings Account Types, zero balance account opening, Interest Rate, Minimum Balance, Debit Card, features, charges, benefits, limits, and account closure process.
IndusInd Bank Savings Account interest rate
Let us know what interest rate IndusInd Bank gives you for a Savings Account. IndusInd Bank gives you interest ranging from 3.50% to 6.75% annually, this interest rate is based on the amount you deposited. IndusInd Bank provides interest quarterly and these rates are not given by any other banks. For more details, you can refer to the table given below.
| Balance | Rate of Interest (2024) |
| Deposits Less Than Rs.1 lakh | 3.50% p.a |
| Deposits Rs. 1 Lakh Upto Rs. 5 Lakhs | 5.00% p.a |
| Deposits Rs. 5 Lakh Upto Rs. 10 Lakhs | 6.00% p.a |
| Deposits Rs. 10 Lakhs Upto Rs. 5 Crore | 6.75% p.a |
| Deposits Rs. 5 Crore Upto Rs. 100 Crs | 6.75% p.a |
Read More: Bank of Baroda (BOB) Savings Account Opening, Interest Rate, Minimum Balance, Charges
IndusInd Bank Savings Account zero balance
Indus Delite zero balance account, Indus Digi Start Savings Account, and Indus Easy Savings Account are a zero-balance account and you don’t need to maintain a Monthly Average Balance. Get a 3.50% to 6.75% Interest Rate Per Annum with quarterly pay, Internet Banking, email statements, and more. For more details check out account types.
1. Indus Delite Savings Account
IndusInd Bank’s Indus Delite Savings Account is a zero-balance digital savings account that is open online using your Aadhar and PAN card from anywhere, anytime. This power-packed savings account comes without any limitations or restrictions and features like Internet Banking, email statements, digital banking, and Debit Card facilities.
Features: Internet Banking, Mobile Banking, Free UPI, NEFT & RTGS transactions, Delights Debit cards, email statements, Offers Free movie tickets, and dining delights on debit cards.
Eligibility: Citizen of India, The applicant should be 18 years or above, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Rs. 10,000.
Monthly Average Balance: Nil.
Debit Card: Delights Debit Card (Issuance Fee: Rs. 500)
Interest Rate: 3.50% to 6.75% Per Annum.
2. Indus Digi Start Savings Account
IndusInd Bank Digi Start Savings Account comes with an attractive savings interest rate and also a zero-balance digital savings account. By using This account you can grow your savings faster and meet your financial goals more effectively. You can get features like Internet Banking, Free UPI, NEFT & RTGS transactions, email statements, and Debit Card facilities.
Features: Internet Banking, Mobile Banking, Free UPI, NEFT & RTGS transactions, Titanium Debit Card, free monthly e-statement, Delightful Deals and Reward points.
Eligibility: Citizen of India, The applicant should be 18 years or older, Hindu Undivided Families (HUFs), Foreign national residing in India.
Initial Account Opening Funding: 20,000.
Monthly Average Balance: Nil.
Debit Card: Titanium Debit Card (Issuance Fee: Rs. 249, Annual Fees: Rs. 249)
Interest Rate: 3.50% to 6.75% Per Annum.
Limits: ATM Daily cash withdrawal limit: Rs. 50,000.
3. Indus Easy Savings Account
IndusInd Bank Nova Savings Account is a Basic Savings Bank Deposit Account (BSBDA) and it gives you the maximum benefits with minimum requirements. This account is also a zero balance account with an Interest Rate of 3.50% to 4.00% Per Annum. This Savings Account comes with Internet Banking, Free UPI, NEFT & RTGS transactions, and a Rupay Debit Card.
Features: Internet Banking, Free UPI, NEFT & RTGS transactions, A Rupay Debit Card.
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided family (HUF), KYC documents Like an Aadhaar Card, PAN Card, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Nil.
Debit Card: Rupay Debit Card
Interest Rate: 3.50% to 6.75% Per Annum.
Limits: ATM Withdrawal Limit Rs. 10,000.
IndusInd Bank Other Savings Account types
IndusInd Bank offers plenty types of savings accounts like Indus Grandé Savings Account, Indus Exclusive Savings Account, Indus Select Savings Account, Indus Delite Savings Account, Indus Digi Start Savings Account, Indus Maxima Savings Account, Indus Privilege Max Savings Account, Indus Diva Women Savings Account, Indus Senior Citizen Savings Account, Indus Young Saver Savings Account, Indus Classic Savings Account, Indus Easy Savings Account, Indus Small Savings Account, Indus Privilege Savings Account, Indus Multiplier Max Savings Account etc. for customers.
Let’s get details on IndusInd Bank’s savings account Features, Eligibility, Minimum Balance, Interest Rate, Limits, and other requirements.
1. Indus Small Savings Account
IndusInd Bank’s Indus Small Savings Account is a zero-balance account but with some limitations and you don’t need to maintain Monthly Average Balance. This savings account comes with NetBanking, Mobile Banking, Debit Card, and many more benefits and helpful features to provide their customers with a hassle-free banking experience.
Features: Internet Banking, Mobile Banking, Attractive Interest Rates, Rupay debit card, zero balance account.
Eligibility: Citizen of India, The applicant should be 18 years or older, Hindu undivided family (HUF), KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Nil.
Debit Card: Rupay Debit Card
Interest Rate: 3.50% to 6.75% Per Annum.
Limits: All withdrawals and transfers are limited to Rs. 10,000 per month.
2. Indus Exclusive Savings Account
IndusInd Bank’s Exclusive Savings Account provides regular and privileged services with a dedicated Relationship Manager, Priority Banking, Discounted Locker & Demat, and Airport Lounge access. This account comes with a Free UPI, RTGS, NEFT Transactions, and Signature Exclusive Debit Card.
Features: Net and Mobile Banking, Free UPI, RTGS, NEFT Transactions, Signature Exclusive Debit Card, Priority Banking, Discounted Locker & Demat, Airport Lounge access & other privileges.
Eligibility: Citizen of India, Hindu Undivided Families (HUFs), KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: ₹1,00,000 to ₹2,00,000.
Debit Card: Signature Exclusive Debit Card (Issuance Fee: Free, Annual Fees: Free)
Interest Rate: 3.50% to 6.75% Per Annum.
Limits: Daily ATM Withdrawal Limit Rs 2,00,000/-.
3. Indus Maxima Savings Account
IndusInd Bank’s Maxima Savings Account comes with maximum benefits, superior value, a range of select services, higher interest rates, and premium banking services. In this account, you can add up to 2 family members free. Enjoy complimentary Insurance cover worth Rs. 34.5L with your Platinum Max Debit Card.
Features: Internet Banking, Platinum Max Debit Card, Free cash withdrawals at ATMs, Free UPI, RTGS, NEFT Transaction, Complimentary Insurance cover worth Rs. 34.5L.
Eligibility: Citizen of India, The applicant should be 18 years or under age, Hindu Undivided Families (HUFs), Foreign Nationals Residing in India.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Rs.20,000 to Rs.40,000.
Debit Card: Free Platinum Max Debit Card (Issuance Fee: ₹0)
Interest Rate: 3.50% to 6.75% Per Annum.
Limits: Daily ATM Withdrawal Limit Rs 1,00,000/-.
4. Indus Classic Savings Account
IndusInd Bank Classic Savings Account is designed with the best reach and flexibility to manage your funds. This Savings Account also provides Internet Banking, Free UPI, NEFT & RTGS transactions, a titanium Debit Card, and Attractive offers.
Features: Free Internet Banking, a titanium Debit Card, Free UPI, NEFT & RTGS transactions.
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided family (HUF), KYC documents Like an Aadhaar Card, PAN Card, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Rs. 1500 to Rs. 10,000.
Debit Card: Titanium Debit Card (Issuance Fee: ₹0)
Interest Rate: 3.50% to 6.75% Per Annum.
Limits: Daily ATM Withdrawal Limit Rs. 50,000.
5. Indus Diva Women Savings Account
IndusInd Bank Diva Women Savings Account is designed keeping in mind the banking needs of a new-age woman. This account comes with features like a Personalized Debit card, exclusive offers, discounts on dining, edutainment, lifestyle spending, and shopping.
Features: Platinum Max debit card, Internet Banking, Free UPI, NEFT & RTGS transactions, Unlimited Free ATM Withdrawals, exclusive offers, and discounts on dining, edutainment, and shopping.
Eligibility: Citizen of India, Women only, The applicant should be below 18 years old, Hindu undivided family (HUF), KYC documents Like an Aadhaar Card, PAN Card, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Rs. 20,000 to Rs. 40,000.
Debit Card: Platinum Max debit card
Interest Rate: 3.50% to 6.75% Per Annum.
Limits: Daily ATM cash withdrawal limit: Rs 1,00,000/-.
6. Indus Young Saver Savings Account
IndusInd Bank Young Saver Savings Account is designed for 10 years or older Kids. You can plan This Savings Account for your children’s future. This account helps your children by teaching them how to manage their money wisely. Parent must open this account for their children. You can get a Customised Debit Card and Cheque Book. this account is opened under a guardian/ parent.
Features: Customised Cheque Book, VISA Gold Debit Card.
Eligibility: Citizen of India, The applicant should be 10 years or above, Hindu undivided family (HUF), KYC documents Like an Aadhaar Card, PAN Card, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Nil.
Debit Card: VISA Gold Debit Card
Interest Rate: 3.50% to 6.75% Per Annum.
7. Indus Senior Citizen Savings Account
IndusInd Bank Senior Citizen Savings Account is a zero-balance account designed for 60-year-old senior citizens with attractive interest rates. This Savings Account also provides special privileges, Higher interest rates, priority service at branches, home-banking facilities, overdraft facilities, SMS callback, health care benefits, and more.
Features: Internet Banking, Home Banking, Platinum Max debit card, Net Banking and Mobile Banking, SMS callback, Free UPI, NEFT & RTGS transactions, Zero balance with Nil Non-Maintenance Charge, Higher Rates on FD, 35% off on lockers, Daily ATM Limits: Rs 1,00,000/-.
Eligibility: Citizen of India, Senior Citizens only, The applicant should be 55 years or above, Hindu undivided family (HUF), KYC documents Like an Aadhaar Card, PAN Card, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Nil.
Debit Card: Platinum Max debit card
Interest Rate: 3.50% to 6.75% Per Annum.
8. Indus Privilege Max Savings Account
IndusInd Bank Privilege Max Savings Account provides Account offers cashback and discounts. This Savings Account also provides complimentary Insurance cover worth Rs. 1.5L, Internet Banking, Free UPI, NEFT & RTGS transactions, and Titanium Plus Debit Card.
Features: Internet Banking, Titanium Plus Debit Card, Net Banking and Mobile Banking, Free UPI, NEFT & RTGS transactions, and cashback and discounts.
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided family (HUF), KYC documents Like an Aadhaar Card, PAN Card, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Rs. 20,000.
Debit Card: Titanium Plus Debit Card
Interest Rate: 3.50% to 6.75% Per Annum.
9. Indus Multiplier Max Savings Account
IndusInd Bank Multiplier Max Savings Account can double up your savings with higher returns, offers & convenience. In this account, you need to maintain a Monthly Average Balance of Rs. 10,000. This Savings Account also provides priority services, Net Banking and Mobile Banking, Free UPI, NEFT & RTGS transactions, and Debit Card facilities.
Features: Internet Banking, Platinum Debit Card, Net Banking and Mobile Banking, Free UPI, NEFT & RTGS transactions.
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided family (HUF), KYC documents Like an Aadhaar Card, PAN Card, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Rs. 10,000.
Debit Card: Platinum Debit Card (Issuance Fee: ₹249)
Interest Rate: 3.50% to 6.75% Per Annum.
Read More: ICICI Bank Savings Account Opening, Interest Rate, Minimum Balance, types, Charges
IndusInd Bank Savings Account minimum balance
IndusInd Bank has many types of Savings Accounts and they all have different Minimum Monthly Average balances. But generally, The minimum balance amount ranges from as low as Rs.1,500 to Rs.2,00,000 depending on account type. But there are a zero-balance Indus Delite zero balance account, Indus Digi Start Savings Account, and Indus Easy Savings Account in which you don’t need to maintain a Monthly average balance.
Read More: Kotak Mahindra Bank Savings Account Minimum Balance, Interest Rate, Charges, zero-balance
IndusInd Bank Savings Account Opening Process
You can open a savings account in IndusInd Bank via offline or online mode. You can go to the nearest IndusInd Bank branch or just request to open a savings account or go to a web portal or App to open your savings account.
Open an IndusInd Bank savings account online:
- You can go on the IndusInd Bank web portal.
- navigate to “Product” and click on “Savings Account”.
- Click on “Individual Savings Account”.
- Choose the “Indus Digi Start” option and click on “Apply now”.
- Click on ‘Open your account now’.
- Submit your details like name, address, phone number, Aadhaar number, PAN, Branch, city, etc.
- Complete your KYC through your IndusInd branch and you will have instant access to your bank account.
IndusInd Bank Savings Account Opening Offline:
- Just Visit the branch of IndusInd Bank.
- Fill out the savings account application form and Provide your self-attested PAN and Aadhaar card.
- Ask The banking official about the type of savings account you want to open.
- Attach your identity proof and address documents, and deposit the minimum amount.
- Verify your documents, and your account will be activated.
Read More: Axis Bank Savings Account Types, Interest Rate, Minimum Balance & More
IndusInd Bank Savings Account features
IndusInd Bank has some Premium features for Savings Accounts that can increase seamless banking experience.
- IndusInd Bank provides A secure and complete banking solution.
- Free Net Banking and Mobile Banking.
- You will receive a high-interest rate of up to 6.75% p.a.
- No Balance Requirement subject to existing active asset relationship.
- Accelerated Reward Program.
- 35% off on lockers.
- A low opening deposit and minimum Monthly Average Balance.
- Men, Women, senior citizens, and children can own accounts.
- Free Family Accounts.
- Enjoy seamless banking transactions anywhere in the world.
- Discounts and Rewards on online shopping, cinema tickets, food, and travel.
Document Required for Open Saving Account in IndusInd Bank
If you are a citizen of India, 18 years or above, Minors above 10 years are also eligible, Hindu undivided family (HUF), or Foreign Nationals Residing in India, then you can open a savings account in IndusInd Bank. But for this, you need KYC documents and address proof for account opening.
But if you want to Open a Digital Account like an Indus Delite zero balance account, or an Indus Digi Start Savings Account then you only need to PAN Card and an Aadhaar card with a registered mobile number, That’s it.
Required Document for Open Saving Account:
- Latest passport-size photographs
- Identity Proof – Driving License, Passport, Voter’s ID, Aadhaar Card
- Address Proof – Passport, Driving License, Voter’s ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook, Rent agreement.
*Original for verification and self-attested copies for submission.
IndusInd Bank Savings Account statement
It is time to move on to E-Statement, IndusInd Bank’s new and existing users can easily download e-statements online.
Bank’s Web Portal:
- Just go to IndusInd Bank’s net banking portal.
- Enter your account number.
- Choose a date range.
- Select Statements Type.
- Click on Submit and you will get your statement instantly.
IndusInd Bank Savings Account charges
IndusInd Bank is operating in the private sector. To maintain their services they need to cut healthy charges from customers. Please read the Pricing & Charge documents carefully before opening an account in a bank.
| Charges | Prices |
| Non-Maintenance Charge (Monthly Charges) | Rs. 0-150 |
| Issuance of duplicate passbook | Free |
| Debit Card Charges | Rs. 0 – Rs. 500 |
| Account Closure charges | Rs.200 (if closed after 14 days & before 6 months of A/C opening) |
* These charges may be different with time.
IndusInd Bank Savings Account closure form
Yes, you can close an IndusInd Bank account offline. For account closure, Submit the physical form request at your nearest branch along with the Debit Card, Passbook, and any remaining cheques to finalize the process.
If you close your IndusInd Bank Account between 14 days to 6 months then you should pay the Charges of Account closure. But, if an account is closed after 6 months or within 14 days of account opening, then you don’t need to pay any charges.
Here are the Savings Account Closure Charges:
- Up to 14 days – No Charge
- 14 days to 6 months – ₹ 200/-
- Beyond 6 months – No Charge.
Read More: SBI Savings Account Interest Rate, Minimum Balance, Charges, Features & More
Services Provide By IndusInd Bank
IndusInd Bank Provides premium services like Consumer banking, Commercial banking, Investment banking, Mortgage loans, Investment & Asset Management, Credit cards, Home Loans, Business loans, Private banking, Wealth management, Fixed and Recurring Deposits, etc.
For more details: IndusInd Bank
FAQs
Is there a minimum balance requirement for opening a Savings Account in IndusInd Bank?
Yes, IndusInd Bank Savings Accounts have different Minimum Monthly average balances between Rs.1,500 to Rs.2,00,000 excluding zero-balance savings accounts.
What is the minimum average balance requirement for IndusInd Bank Women’s Savings Accounts?
The Indus Diva Women Savings Account has a minimum average balance requirement of Rs. 20,000 for single women and Rs. 40,000 for household groups.
What is the IndusInd Bank Savings Account’s interest rate?
The IndusInd Bank Savings Accounts gives a 3.50% to 6.75% interest rate based on your deposited amount. IndusInd Bank provides interest quarterly.
What is the minimum balance requirement for an Indus Delite Zero Balance Savings Account?
You don’t need to maintain an average minimum balance for the IndusInd Bank Zero Balance Savings Account but need to pay the Initial funding. Otherwise, the minimum balance amount is between Rs.1,500 to Rs.2,00,000.
What is the age limit to open Indus Senior Citizen Savings Account?
To apply for the Indus Senior Citizen Savings Account, the applicant must be at least 60 years old or above.
What types of Savings Accounts are offered by IndusInd Bank?
IndusInd Bank offers plenty types of savings accounts like Indus Digi Start Savings Account, Indus Maxima Savings Account, Indus Privilege Max Savings Account, Indus Grandé Savings Account, Indus Exclusive Savings Account, Indus Select Savings Account, Indus Delite Savings Account, Indus Diva Women Savings Account, Indus Senior Citizen Savings Account, Indus Young Saver Savings Account, Indus Classic Savings Account, Indus Easy Savings Account, Indus Small Savings Account, Indus Privilege Savings Account, Indus Multiplier Max Savings Account etc.