IndusInd Bank Savings Account

Here is the table for the IndusInd Bank savings account interest rate-

The IndusInd Bank savings interest rate varies with time and the balances in the accounts.

• IndusInd Bank offers the best savings bank accounts to their customers, and the majority of their products are tailored to their specific needs.
  
  
• They are cleverly designed to give a variety of banking benefits, like reward points for active transactions, privilege and lifestyle offers, trading and portfolio solutions, flexible money management, and special banking facilities for elderly persons with higher interest rates.
  
  
• The account allows access from anywhere in the world, as well as rapid utility bill payments, NEFT and RTGS services, and access to other financial options. 

Such advantages enhance the overall banking experience for the investor or account holder.

You can apply for a savings account offline by visiting the bank or through the online portal and phone banking applications.

All residents of the country are eligible to open a savings account with IndusInd Bank.

The documentation required  is shown below. You must provide photocopies of all documentation (along with the originals), as well as recent passport-size photographs, which must be presented when submitting the account opening form.

• Aadhaar card with address, name, and father's name details (Mandatory).
• PAN card or Form No. 60 / 61 (whichever is applicable) (Mandatory).
• Voter identification card
• Passport
• Driver's license

• Telephone bill/electricity bill
• Statement of bank accounts
• Any recognized public authority's letter
• Rent agreement with the customer's address registered with the state government or similar registration authority
• Employer-provided ration card letter (satisfaction of the bank)

Note: The minimum balance requirement for the IndusInd savings account varies from one to another.

Following are the various types of Savings Accounts offered at IndusInd Bank along with respective features-

IndusInd Bank introduces the Special Savings Account, which is developed with exclusive privileges and offers, as well as the best employees, to ensure that you have an entirely new banking experience.

This is a transaction-based account with no required minimum balance. It has a one-of-a-kind feature called 'My Account My Number,' which allows clients to select their own bank account numbers.

This is a premium savings account that provides consumers with Fire and Theft Insurance, and other premium benefits.

This is a savings account with features such as a low minimum balance requirement, free Internet Banking, and Mobile Banking, year-round banking at selected branches, and so on. 

Minors can open this type of account as well. The minimum balance required for A and B category banks is Rs 10,000, whereas C and C1 category branches require Rs 5,000. The penalty for failing to maintain the required amount ranges from Rs 250 to Rs 350, depending on the account's available balance.

This sort of account offers appealing perks such as unrestricted withdrawals at other banks' ATMs, free financial transfers via NEFT and RTGS, free debit cards for add-on accounts, and so on.

For this type of account, the average quarterly balance requirement is Rs 25,000. Customers must pay a Rs 900 penalty if their account balance is less than Rs 12,500 and a Rs 600 penalty if their account balance is between Rs 12,500 and Rs 18,750. If the debt exceeds Rs. 18,750 - but is less than Rs 25,000, the penalty is Rs 300.

This savings account provides senior citizens with a comfortable and convenient banking experience.

A minimum account balance requirement is Rs 10,000 or a Fixed Deposit of Rs 2,50,000 is required for this type of account. If the amount is less than Rs 10,000 but greater than Rs 5,000, a penalty of Rs 250 is levied. If the balance goes below Rs. 5,000, the penalty increases to Rs.350.

This savings account is appropriate for today's women because it includes particularly designed features to meet women's banking needs.

For this type of account, the average quarterly balance requirement is Rs 25,000. Customers must pay a Rs 900 penalty if their account balance is less than Rs 12,500 and a Rs 600 penalty if their account balance is between Rs 12,500 and Rs 18,750. If the debt is more than Rs 18,750 but is less than Rs 25,000, the penalty is Rs 300.

Customers may manage their funds much more easily with this type of account. Customers can transfer funds between their Savings and FD accounts without having to worry about maintaining a minimum balance.

Customers with accounts in A category branches must maintain a minimum balance of Rs. 10,000 or an FD of Rs.50,000.

In B category branches, accounts must have a minimum balance of Rs. 10,000 or Rs. 35,000 in FDs. In C and C1 branches, this is either an FD of Rs.25000 or an account balance of Rs.2500 and Rs.1500. The penalty for failing to maintain the minimum balance is between Rs. 250 and Rs. 350.

This account offers the distinct advantage of leveraging Demat and savings accounts for e-trading.

Because there is no minimum balance requirement, this is the best savings account for children. A Rs 11 minimum deposit is required to open this sort of account.

This savings account has no minimum balance maintenance and other helpful features to provide their customers with a hassle-free banking experience.

This basic savings and deposit account comes with a slew of advantages, including no minimum balance requirement.

These accounts offer perks such as exclusive locker discounts, lower loan processing fees, unrestricted withdrawals from ATMs in India and overseas, and so on.

This corporate salary account offers numerous advantages, such as no quarterly balance minimum, the ability to choose the currency of transaction, and so on.