IndusInd Bank Savings Account – Types, Interest Rates, Eligibility

Account Balance	Interest Rate (p.a.)
Daily balance up to Rs. 1 Lakh	3.50%
Daily balance above Rs. 1 Lakh up to Rs. 10 Lakh	5.00%
Daily balance above Rs. 10 Lakh up to Rs. 25 Lakh	6.00%
Daily balance above Rs. 25 Lakh up to Rs. 5 Crore	6.75%
Daily balance above Rs. 5 Crore up to Rs. 100 Crore	6.00% (Falt rate applicable on entire balance)

The above-mentioned interest rates are updated as on 18th September 2023.

Also Read: Savings Account Interest Rates 2023

Indus Progress Savings Account	Indus Select Savings Account
Indus Partner Savings Account	Indus Exclusive Savings Account
Indus Stox 3-in-1 Account	Indus Delite: Zero Balance Savings Account
Indus Max Active Savings Account	PIONEER Banking and Wealth Management
Indus Maxima Savings Account	Indus Multiplier Max Savings Account
Indus Privilege Max Savings Account	Indus Privilege Savings Account
Indus Diva Women Savings Account	Indus Digi Start
Indus Senior Citizen Savings Account	Indus Young Saver Savings Account
Indus Classic Savings Account	Indus Small Savings Account
Indus Easy Savings

Indus Progress Savings Account

IndusInd Bank’s Indus PROgress saving account is for self-employed professionals. This savings account offers varied features and benefits to account holders who can apply for this savings account online. The account offers the below-mentioned features and benefits:

• A Visa Signature debit card is issued
• The account holder will get free annual prime membership
• For the first year, 100% discount on locker
• The minimum balance to be maintained in the account is Rs. 1,00,000
• The daily cash withdrawal limit is Rs. 1,50,000 and the POS limit is Rs. 3,00,000

Indus Select Savings Account

IndusInd Bank provides Indus Select Savings Account to customers, which offers advantages like cashback on debit card, discounts on locker facilities, free NEFT and RTGS services, no fees on demand draft issuance, and many more. A single account holder needs to maintain a minimum balance of Rs. 50,000 and grouped account holders need to maintain a balance of Rs. 1,00,000. Individuals who are interested to open this account can apply online as well. The account offers the below-mentioned features and benefits:

• World Select debit card is issued to the customer with no issuance and annual charges
• The daily cash withdrawal limit is Rs. 1,50,000 and the POS limit is Rs. 3,00,000
• The account holder will get complimentary lounge access
• 1% cross currency mark-up is levied on the card
• The account holder will get a discount of up to 50% on locker for the first year

Indus Partner Savings Account

IndusInd Bank’s Indus Partner Savings Account is for individuals who are looking to open a joint account with their partner or their family member. Customers can apply for this savings account online by visiting the official website of IndusInd Bank.  The account provides various banking services which are discussed below:

• A Visa Signature debit card is issued with a daily cash withdrawal limit of Rs. 1,50,000 and a POS limit of Rs. 3,00,000
• The account holder needs to maintain a balance of Rs. 1,00,000
• No charges on mobile alerts
• 100% discount on locker for the first year
• The account holder will get free movie tickets and discounts on grocery or online food delivery

Indus Exclusive Savings Account

IndusInd Bank’s Indus Exclusive Savings Account is designed keeping premier banking customers. The account offers exclusive benefits to customers. Below-mentioned are the benefits offered by this savings account:

• A Signature Exclusive debit card is issued for free and no annual maintenance charges
• The daily cash withdrawal limit is Rs. 2,00,000 and the POS limit is Rs. 4,00,000
• 0% cross currency mark-up
• Unlimited cash withdrawal within India
• A dedicated relationship manager for all services
• Complimentary airport lounge access

IndusStox 3-in-1 Account

IndusInd Bank’s IndusStox 3-in-1 account is a savings account where individuals can avail different types of services from this savings account where they can carry their savings, demat, and trading accounts all in one. This savings account offers a Titanium debit card that comes with a withdrawal limit is Rs. 50,000 and a POS limit is Rs. 1,00,000.

Indus Delite: Zero Balance Savings Account

IndusInd Bank’s Indus Delite Zero Balance savings account can be opened from the comfort of your home. This savings account can be opened instantly by using your Aadhaar card and PAN card. The savings account offers the below-mentioned features:

• No maintenance charges on this savings account
• Can be opened instantly
• The account holder will get up to 20% instant discount on Swiggy by using Indus Delite debit cards
• Free movie tickets and dining delights

Indus Max Active Savings Account

IndusInd Bank’s Indus Max Active Savings Account can be termed as a primary savings account for all financial usages of the customer. The account offers deals and discounts on your debit card, provides higher returns on investment, and an opportunity to spend more and earn more. This savings account offers below-mentioned features:

• Average monthly balance requirement is Rs. 25,000
• Up to 15% off on the best restaurants in your city
• Deals on travel, fashion and shopping
• 25% discount on locker facility for 1^stand 2^nd year
• A complimentary insurance cover is provided with Platinum Plus debit card

PIONEER Banking and Wealth Management

This savings account by IndusInd Bank is designed for individuals who can maintain high balances in their savings account. There will be no charges for non-maintenance of the minimum balance.

Indus Maxima Savings Account

• This savings account offers benefits to you as well as your family members.
• The account holder will get a Visa Platinum debit card issued with a daily withdrawal limit of Rs. 1,25,000 and a POS limit of Rs. 2,00,000.

Indus Multiplier Max Savings Account

IndusInd Bank offers Indus Multiplier Max Savings Account which is linked to a fixed deposit account. The account provides the benefits of higher fixed deposit rates. The account be opened with a balance as low as Rs. 10,000. This savings account offers the below-mentioned features:

• Balance above Rs. 20,000 will automatically be converted to fixed deposit in multiples of Rs. 1,000
• The account holder will get the opportunity to earn cash back on all spends with a Platinum debit card
• This savings account offers dining delights on restaurants in the city

Indus Privilege Max Savings Account

IndusInd Bank’s Indus Privilege Max Savings Account offers cashback and discounts. If the applicant is looking for cashback and discounts, he/she can apply for this savings account. The savings account offers the below-mentioned features:

• A Titanium Plus debit card is issued with a daily withdrawal limit of Rs. 50,000 and a POS limit of Rs. 1,00,000
• The account holder is eligible for complimentary insurance cover worth Rs. 1.5 lakh with a Visa Gold debit card
• 25% discount on small/medium locker
• Offers on travel, fashion, and shopping

Indus Privilege Savings Account

IndusInd Bank’s Indus Privilege Savings Account fulfils all the savings needs of customers. This savings account by IndusInd Bank offers the below-mentioned features:

• 25% off on locker rentals
• A Titanium debit card is issued with an ATM limit of Rs. 50,000 and POS limit of Rs. 1,00,000
• Complimentary insurance cover of Rs. 1.5 lakh is provided with a Visa Gold debit card

Indus Diva Women Savings Account

IndusInd Bank’s Indus Diva Women Savings Account is designed keeping in mind to promote women to open savings accounts. The savings account offers the below-mentioned features and benefits:

• Visa Platinum Plus debit card is issued with a daily withdrawal limit of Rs. 1,25,000 and a POS limit of Rs. 2,00,000
• Welcome voucher of Rs. 1,000 is provided to women
• 2% cross currency mark-up is levied

Indus Digi-Start: Digital Savings Account

IndusInd Bank’s Indus Digital Savings Account is for individuals who want to open a digital savings account and avoid the hassle of going to the bank. This zero-balance savings account can be opened by just providing Aadhaar and PAN card. This savings account provides the below-mentioned features:

• The account can be opened instantly
• The account holder has the benefit of minimum fees and charges on the services provided by this savings account
• The account holder is provided up to 10% off on Swiggy and up to Rs. 1,000 off on BigBasket
• Opportunity to get rewards on shopping with a Platinum debit card
• No need to maintain minimum balance

Indus Senior Citizen Savings Account

IndusInd Bank’s Indus Senior Citizen Savings Account is designed for seniors to provide them the convenience of banking in their old age. This savings account by IndusInd Bank provides seniors with a host of facilities like higher returns on deposits and other services. Indus Senior Citizen Savings Account provides the below-mentioned features:

• A Visa Platinum debit card is provided to the account holder
• The account holder will get discounts on locker facility for one year
• Up to 2 free zero-balance accounts will be provided for family members
• Facility to choose the account number of your choice
• The account holder is provided with a fingerprint authentication facility so that he/she doesn’t have to remember the password
• Doorstep banking facility is provided

Indus Young Saver Savings Account

IndusInd Bank’s Indus Young Saver Savings Account is for minors. It is advisable to have a savings account for your kids to inculcate the habit of savings in them and educate them about finance. This is a savings account that lets parents save funds for their children so that they can use those funds when need be in the future. This savings account by IndusInd Bank offers the below-mentioned features:

• This savings account provides a customized debit card and cheque book for the child
• This savings account can be opened for children who are above the age of 10
• A debit card with a withdrawal limit of Rs. 50,000 and POS limit of Rs. 1,00,000 is provided

Indus Classic Savings Account

IndusInd Bank’s Indus Classic Savings Account offers a host of benefits like reward points on shopping, deals, and discounts on your debit card, etc. This savings account by IndusInd Bank offers the below-mentioned features and benefits:

• The account can be opened with a minimum balance as low as Rs. 1,500
• 25% discount on locker rentals
• Up to 15% off on the best restaurants
• A Titanium debit card is issued with a daily withdrawal limit of Rs. 50,000 and a POS limit of Rs. 1,00,000

Indus Small Savings Account

IndusInd Bank’s Indus Small Savings Account offers a host of benefits with minimum requirements. In this savings account, the customer can avail all banking facilities at zero balance requirement and minimal documentation. The savings account offers the below-mentioned features:

• It is a zero-balance savings account
• The account is limited to a few things where the credit in a financial year should not exceed Rs. 1,00,000
• Total withdrawals and transfers in a month should not exceed Rs. 10,000
• The total balance in the account at any point should not exceed Rs. 50,000

Please note that this savings account provides limited banking services to customers. However, if the customer wants to avail all other facilities and services by the bank, it is recommended to provide additional KYC documents to upgrade this savings account. Else, the bank will close this savings account if the customer breaches any of the above-mentioned points.

Indus Easy: BSBD Account

IndusInd Bank’s Indus Easy BSBD savings account provides benefits with minimum requirements. This is a zero-balance savings account. The account can be opened with no hassle and simple documentation. This savings account provides the below-mentioned features and benefits:

• A RuPay debit card is issued with an ATM limit of Rs. 10,000 and a POS limit of Rs. 10,000 a day
• No minimum balance required
• The account can be opened with simplified documentation

The applicant needs to provide the below-mentioned documents to open a savings account in IndusInd Bank:

• Aadhaar card
• Driving license
• PAN card/Form 60
• Voter’s identity card issued by the Election Commission of India
• Job card issued by NREGA duly signed by an officer of the State Government
• Letter issued by the National Population Register containing details of name and address

To be eligible to open an IndusInd Bank savings account, the applicant needs to fulfil the below-mentioned criteria:

• He should be an Indian Citizen
• Should be 18 years of age and above

It is to be noted that along with the above-mentioned criteria, applicants need to fulfill the below-mentioned criteria as well:

Account Type	Minimum Account Opening Balance Required
Indus PROgress Savings Account	Rs. 1,00,000
Indus Select Savings Account	Rs. 50,000/Rs. 1,00,000
Indus Partner Savings Account	Rs. 1,00,000
Indus Exclusive Savings Account	Rs. 1,00,000/Rs. 2,00,000
Indus Delite Savings Account	Rs. 10,000
Indus Max Active Savings Account	Rs. 25,000
Indus Maxima Savings Account	Rs. 20,000/Rs. 40,000
Indus Multiplier Max Savings Account	Rs. 10,000
Indus Privilege Max Savings	Rs. 20,000
Indus Privilege Savings Account	Rs. 5,000/Rs. 10,000
Indus Diva Women Savings Account	Rs. 20,000/Rs. 40,000
Indus Digi Start	Rs. 20,000
Indus Classic Savings Account	Rs. 1,500/Rs. 2,500/Rs. 10,000
Indus Senior Citizen Savings Account	Individuals who are 60 years of age and above
Indus Young Saver Savings Account	If the account is opened under a guardian, the parent will be operating the account Minor can operate the account if his/her age is 10 years or above

Category	Fees and Charges
DD cancellation	Rs. 100 per instrument
Credit card payment through ATM/net banking	Free
NEFT/RTGS	Free
DD revalidation	Rs. 100 per
Issuance/renewal/re-issuance of debit card	Rs. 249
Issuance of duplicate PIN	Rs. 20
Non-cash transactions at Bank’s ATM	Free
Cash withdrawal at Bank’s ATM	Free
Non-cash transactions at other Bank’s ATMs	5 free cash and non-cash transactions. Beyond that, Rs. 10 will be charged per transaction 3 transactions are allowed in metro cities
Cash withdrawal at Bank’s ATMs	5 free cash and non-cash transactions. Beyond that, Rs. 10 will be charged per transaction 3 transactions are allowed in metro cities
Cash withdrawal at other Bank’s ATMs outside India	Rs. 125
Foreign currency mark-up	2%
ATM transaction decline at other bank’s ATMs due to insufficient balance	Rs. 20 per transaction
Issuance of duplicate passbook	Free
Account closure	No charges if the account is closed within 14 days Charges of Rs. 200 or balance in the account whichever is lower if the account is closed after 14 days and within 6 months
Cheque stop payment	Rs. 100 per instruction

To open an online savings account in IndusInd Bank, the applicant needs to follow the below-mentioned steps:

Step 1: Visit IndusInd Bank’s official website and navigate towards “Savings Account” under “Product”

Step 2: Click on “Individual Savings Account” and then navigate toward “Digital”

Step 3: Upon clicking on “Digital”, choose “Indus Digi Start” and click on “Apply now”

Step 4: You will be directed to an account opening page, click on “Open your account now”

Step 5: In this step, your account opening process will start

Step 6: Choose your account number, fill in your details, fund your IndusInd Bank savings account, and complete video KYC and your account will be opened instantly

If the applicant wants to open an offline saving account with IndusInd Bank, he/she needs to visit the bank’s branch for the same. The below-mentioned steps explain how to open an offline savings account in IndusInd Bank:

Step 1: Fill out the savings account application form by providing all your basic details as asked in the form

Step 2: Provide your self-attested PAN and Aadhaar card

Step 3: The banking official will ask you to choose the type of savings account you want to open

Step 4: Collate all your documents and submit your documents with proof of your identity

Step 5: Once you provide all your details, the bank will verify the details and open your account

The bank will provide a welcome kit which will contain all necessary documents to help you operate the account

IndusInd Bank Personal Loan	IndusInd Bank Fixed Deposit
IndusInd Bank Net Banking	IndusInd Bank Customer Care
IndusInd Bank Debit Card	IndusInd Bank Credit Card

Q. Can any of the account holders withdraw money from a joint account in IndusInd Bank?
Ans. To withdraw money from the joint account, the right to withdraw depends on the mode of operation you must have selected at the time of opening the joint account. Account holders can opt to deposit or withdraw funds from the joint account with the signature of any one account holder or both.

Q. Who all are eligible to open a zero balance savings account in IndusInd Bank?
Ans. To open a zero balance savings account in IndusInd Bank, the applicant must be at least 18 years of age have a valid Aadhaar number linked to their mobile number, and a PAN card. Also, if you want to open a zero-balance savings account instantly, you must have a camera facility on your desktop/laptop for video KYC.

Q. What is the difference between savings and a digital savings account in IndusInd Bank?
Ans. A digital savings account is a hassle-free process of opening a savings account online. Whereas, to open a regular savings account with IndusInd Bank, you will have to visit the bank’s branch and fill in the savings account application form.

Q. What if my IndusInd debit card gets stolen?
Ans. If your IndusInd debit card is stolen, you can follow the below-mentioned ways to block the card:

SMS LOST DDMMYYYY to 9223512966 from your registered mobile number

You can call at 18602677777 to block your card

You can also block your card by visiting IndusMobile App

Q. What is the name of the mobile banking app of IndusInd Bank?
Ans. IndusMobile is the name of IndusInd Bank’s mobile banking app.

Q. How can I block my IndusInd Credit Card immediately?
Ans. If you want to block your credit card immediately in IndusInd Bank, you can send an SMS BLOCK to 5676757 from your registered mobile number.

Q. What is IndusPay?
Ans. IndusPay is the UPI application provided by IndusInd Bank, which lets customers make payments instantly from any bank account.

Q. Does IndusInd Bank remain closed on all Saturdays?
Ans. Yes. All Saturdays are bank holidays in IndusInd Bank.

Q. What is the minimum age eligibility to apply for a personal loan in IndusInd Bank?
Ans. To apply for a personal loan in IndusInd Bank, the minimum age eligibility is 21 years.