IndusInd Bank offers a wide assortment of products in the savings bank account category to cover every segment of customers. Following are the types of saving account offered by IndusInd Bank.
Types of Savings Account
IndusInd Bank allows its customers to open a savings bank account through two modes – online and offline. Here, we have classified the savings accounts offered by IndusInd Bank into online and offline channels.
IndusInd Privilege Active Savings Account
IndusInd Bank understands its customers and their diverse banking needs. They are always dedicated to offer their customers with products that provide them with convenient banking experience. With Privilege Active Savings Account, IndusInd Bank has introduced an all new way of banking which rewards you for being active on your payments and balance transfers. Privilege Active Savings Account can only be opened through online channel. Based on your monthly spend and other transactions, you can get this savings account without any strings attached or without worrying about maintaining balance. So, for being active you can be rewarded with a zero balance facility along with several other unmatched privileges and benefits.
Features & Benefits of IndusInd Privilege Active Savings Account
Listed below are the several features and benefits of IndusInd Privilege Active Savings Account:-
*Earn 4% interest on daily balance up to Rs 10 lakhs, 5% interest on daily balance above Rs 10 lakhs and up to Rs 1 crore. Earn 5.5% interest on daily balance above Rs 1 Crore and up to Rs 10 Crore. You can even earn 6% interest on your daily balance above Rs 10 crore.
Eligibility Criteria
Documents Required
To apply for IndusInd Privilege Active Savings Account you should have:
Minimum Average Balance
Indus Privilege Active account is a transaction based account and hence the requirement for minimum average balance is waived off in this account. However, customers need to ensure that there is at least one transaction per month from the below list of eligible transactions:
In case the customer fails to transact any of the above, a non-maintenance charge of Rs. 350 shall be levied. However, in case the customer maintains the balance of Rs. 10,000 or more the non-transaction charge would be waived off.
How to open IndusInd Privilege Active Savings Account online
Applying for a Savings Account at Paisabazaar.com involves two simple steps:
Step 1: In the first step, fill a Savings Account form on Paisabazaar with required personal data like annual income range, name, email id, contact number and city. Once submitted the Savings Account tool automatically will furnish personalized Savings Account options.
Step 2: In the second step, the applicant can compare various Savings Account options offered by the tool interface and apply for the IndusInd Bank Privilege Active Savings Account and provide your basic and personal details and open your bank account in no time. You can also open IndusInd Privilege Active savings account by visiting the bank’s website by simply clicking on apply now button. Just fill in your details and submit, IndusInd Bank will get back to you for further KYC process. Alternatively, you can visit the nearest branch and submit the savings account form.
IndusInd Bank brings Exclusive Savings Account, which is designed with exclusive privileges and offers along with the best personnel to ensure that you witness an all new level of banking experience.
Features & Benefits of IndusInd Exclusive Savings Account
Listed below are the several features and benefits of IndusInd Exclusive Savings Account:-
Eligibility
Indus Exclusive Savings Account comes on the basis of your relationship maintained with IndusInd Bank mentioned below:
| Relationship Criteria | Indus Exclusive – Relationship Value Required |
| Savings Account (Single) | Rs. 1 lakhs / Rs 2 lakhs (varies with location) |
| Savings Accounts (Household Grouped) | Rs. 2 lakhs |
| Savings + Current Account | Rs. 10 lakhs |
| Savings + Fixed Deposits | Rs. 20 lakhs |
| Mutual Fund/ DP Valuation (with Savings Account) | Rs. 6 lakhs |
| Life Insurance Premium (with Savings Account) | Rs. 1 lakhs |
| Salary Credit in account | Rs. 1.25 lakhs |
| Upfront margin | Rs. 2 lakhs |
| Home Loan/ Loan against property | Rs. 50 lakhs |
| Personal Loan | Rs 10 lakhs |
| Credit Card | Indulge / Pinnacle Credit Card |
| General Insurance Premium | Rs 20000 |
Indus Select Savings Account is a premium banking program with a cluster of delightful blend of services, made to deliver hassle free banking along with unmatched privileges.
Features & Benefits of Indus Select Savings Account
This savings account from IndusInd Bank comes with following features:
Eligibility
Indus Select Savings Account comes on the basis of your relationship maintained with IndusInd Bank mentioned below:
| Relationship Criteria | Indus Select – Relationship Value Required |
| Savings Account (Single) | Rs. 50,000 / Rs 1 lakhs (varies with location) |
| Savings Accounts (Household Grouped) | Rs. 1 lakhs |
| Savings + Current Account | Rs. 7 lakhs |
| Savings + Fixed Deposits | Rs. 10 lakhs |
| Mutual Fund / DP Valuation (with Savings Account) | Rs. 3 lakhs |
| Life Insurance Premium (with Savings Account) | Rs. 50,000 |
| Salary Credit in Account | Rs. 75,000 |
| Upfront Margin for Trading Account | Rs. 1 lakhs |
| Home Loan / Loan against property | Rs. 25 lakhs |
Welcome to the world of premium savings account. Indus Maxima offers you with a host of premium services and exclusive banking solutions that cater to all your financial needs. With the Indus Maxima Savings Account, you also get your very own IndusInd Platinum Debit Card. Revel with the exclusive privileges, discounts and offers to match your lifestyle.
Features & Benefits of Indus Maxima Savings Account
Listed below are the features and benefits of Indus Maxima Savings Account:
Eligibility
Indus Privilege Savings Account comes with exclusive features that help you to provide with more value for your money and provides convenient and hassle free banking experience.
Features & Benefits of Indus Privilege Savings Account
IndusInd Bank presents a savings bank account that offers features and benefits for you and your family:
Eligibility
The following can open an Indus Privilege Account:
Indus Diva Savings Account is specially crafted for progressive Woman of today to offer convenient and rewarding banking experience.
Features & Benefits of Indus Diva Women Savings Account
Listed below are the features and benefits of Indus Diva Savings Account:
Eligibility
IndusInd 3 in 1 savings account is a tailor made account for those customers who wish to invest in the stock market. It is a unique 3 in 1 proposition for e-trading in the stock market. The account brings 3 different banking services with their broking partner Kotak Securities.
The 3 in 1 platform provides seamless banking and assimilates your savings, demat and trading accounts into one. Your savings account and trading accounts will be automatically integrated to enable hassle free trade.
Features & Benefits of Indus 3 in 1 Savings Account
Apart from the features of a regular saving account, the other add-on features of this savings account with IndusInd Bank are:
IndusInd Bank brings you Indus Young Saver Account which fulfills your needs as a parent in providing the best education for your children, saving for their future and ensuring their financial future. It comes with a balanced portfolio of savings and investment solutions for your child.
Features & Benefits of Indus Young Saver Savings Account
Listed below are the features of Indus Young Saver Account:
Eligibility
The Indus Young Saver Account can be opened in the minor’s name, either –
Indus Classic Savings Account is a regular savings account offering best in class facilities to its customers along with savings.
Features & Benefits of Indus Classic Savings Account
Eligibility
The following can open an Indus Classic Account:
Monthly Average Balance (MAB) Requirement
Indus Privilege Max offers you a host of premium services and exclusive banking solutions that help you with all your financial needs.
Features & Benefits of Indus Privilege Max Savings Account
Eligibility
IndusInd Bank launched Indus Senior Savings Account to make the banking experience convenient and comfortable for their customers above 60 years of age. IndusInd Bank offers two senior citizen savings accounts – Privilege and Maxima.
Indus Senior Privilege
Indus Senior Savings account comes with higher returns on your deposits (0.5% additional) along with host of services specially crafted for all the senior citizens.
Features & Benefits
Indus Senior Maxima
Indus Senior Maxima savings account comes with a host of services and benefits which helps make the banking experience easy for you.
Features & Benefits
Eligibility
Indus Easy Savings Account is a Basic Savings Bank Deposit Account (BSBDA) that offers you with maximum benefits and minimum requirements.
Features & Benefits of Indus Easy Savings Account
Eligibility
The following can open an Indus Easy Account
Indus Small Account brings you a host of benefits with very minimum requirements. You can avail all banking facilities and services at zero balance requirement and simplified documentation.
Features & Benefits of Indus Small Savings Account
Eligibility
The following can open an Indus Small Savings Account:
Applying for a Offline Savings Account from IndusInd
If you want to open any of the offline savings accounts from IndusInd Bank which are listed above, then you can do so by visiting the nearest IndusInd’s branch.
IndusInd savings account interest rate is 6% per annum if the balance in the account is over Rs. 10 crore. For balances less than Rs. 10 lakhs, the rate of interest provided is 4% per annum. Earn 5% p.a. interest on savings account balance above Rs 10 lakhs and up to Rs 1 crore. IndusInd Bank offers 5.5% interest on daily balance above Rs 1 crore and up to Rs 10 crore. IndusInd Savings account charges are subject to renewal on the basis of bank’s policy.
The documentation for IndusInd Bank savings account is listed below. You need to carry photocopy of all the documents (with their originals) and are required to be presented at the time of submitting the account opening form.
Individuals:
Proof of identity:
Proof of address: Any one or two of the following as mandated by the bank
In case any document alone is adequate enough for both verification of address and identity, no separate documents for the same shall be required.