IndusInd Bank Savings Account
IndusInd Bank offers various kinds of savings accounts to meet the requirements of different types of customers. The bank provides perks like net banking, phone banking, IVR support, etc., to their customers. Customers can easily open an IndusInd Bank savings account by checking their eligibility and applying through BankBazaar or by visiting any of the bank's branches.
IndusInd Bank Savings Account Interest Rates:
Savings Bank Account Interest Rates Domestic / Non Resident (NRO/NRE)* | Rate p.a |
Daily balance up to Rs.5 lakh | 3.00% |
Daily balance above Rs.5 lakh up to Rs.10 lakhs | 4.00% |
Daily balance above Rs.10 lakh up to Rs.25 lakhs | 5.00% |
Daily balance above Rs. 25 lakhs up to Rs.50 lakhs | 6.00% |
Daily balance above Rs.50 lakhs up to Rs.5 crores | 7.00% |
Daily balance above Rs.5 crores up to Rs.100 crores | 7.00% |
Note: Flat Rate Applicable on the Entire Balance and these interest rates are applicable from 17 April 2025
IndusInd Global Savings Account Interest Rates
Indus Global Savings Account USD | Rate p.a w.e.f 21st March 2025 |
<=1 Mio | 5.00% |
>1 Mio <= 5 Mio | 5.75% |
>5 Mio <= 10 Mio | 5.75% |
>10 Mio <= 50 Mio | 5.75% |
> 50 Mio<= 150 Mio | 6.00% |
> 150 Mio | 2.50% |
Note: These interest rates are applicable from 21 March 2025
Indus Global Savings Account GBP | Rate p.a w.e.f 30th December 2024 |
<=10 Mio | 2.75% |
10 Mio+ | 3.25% |
Note: These interest rates are applicable from 30 December 2024
How to Open an IndusInd Bank Savings Account Online?
Applying for a Savings Account involves three simple steps:
Step 1: In the first step, the user must fill the Savings Account eligibility form available online with required personal data. Once submitted the Savings Account tool automatically checks for eligibility of the applicant and 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 best suitable Savings Account.
Step 3: The last step involves receiving an instant e-approval after successful submission of the Savings Account application online.
The application is sent electronically to the selected bank. The Savings Account department of the concerned bank gets in touch with the applicant directly. Users can check the status of their application through SMS alters as well as emails.
Documents Required to Open an IndusInd Bank Savings Account:
The following documents are needed to open an IndusInd Bank savings account -
- Proof of address (telephone bill, electricity bill, bank account statement, etc.)
- Proof of Identity (Aadhaar card, PAN card, passport, etc.)
Types of IndusInd Bank Savings Accounts:
The different types of savings account schemes offered by IndusInd Bank are as follows:
- Indus Exclusive Savings Account: It comes with numerous lifestyle privileges and benefits along with a rewards program that allows you to earn reward points with each purchase.
- Indus Select Savings Account: It is a premium savings account that offers Air Accident Insurance, Fire and Theft Insurance and other premium benefits.
- Indus Maxima Savings Account: It offers benefits such as unlimited withdrawals at ATMs of other banks, free debit cards for add-on accounts, free transfer of funds through NEFT & RTGS etc.
- Indus Privilege Savings Account: It is a savings account which can also be opened by minors and offers facilities such as low minimum balance requirement, free Internet & Mobile Banking, round the year banking (at selected branches) etc.
- Indus Diva Savings Account: It is the ideal savings account for the women of today and comes with specially designed features to meet the banking needs of women.
- Indus Senior Savings Account: It is a savings account that offers a more comfortable and convenient banking experience to the elderly i.e., the senior citizens.
- Indus Young Saver: It is the ideal savings account for minor that has a zero minimum balance requirement and the account can be opened with a minimum deposit of only Rs 11.
- Indus Classic Savings Account: It offers customers with the flexibility of managing their funds between their Saving Accounts and Fixed Deposits without the hassle of maintaining a minimum balance.
- Indus Easy Savings Account: It is a basic savings and deposit account that offers a multitude of benefits with ZERO minimum balance requirement.
- Indus Small Account: It is a savings account that comes with ZERO minimum balance requirement and other features that offer a hassle-free banking experience to the customers.
Minimum Account Opening Balance by Account Type
- 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: Available for individuals aged 60 and above
- Indus Young Saver Savings Account:
- If opened under a guardian, the parent will operate the account
- Minor can operate the account if aged 10 years or above
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
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Other Products from Indusind Bank
- IndusInd Bank Credit Card
- Indusind Bank Personal Loan
- Indusind Bank Personal Loan Eligibility
- IndusInd Bank Personal Loan
- Indusind Bank Car Loan
- Indusind Car Loan Interest Rates
- Indusind Car Loan Eligibility Calculator
- Indusind Bank Used Car Loan
- IndusInd Bank Recurring Deposit Rates
- IndusInd Bank Fixed Deposit Rates
- Indusind Bank Home Loan
- IndusInd IFSC Code
Savings Account Popular Pages
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
FAQs on IndusInd Bank Savings Account
- What are the eligibility criteria and minimum balance requirement for Indus Senior Savings Account?
Applicants must be resident Indians above 60. For joint accounts, the first applicant must be a senior citizen. Indus Senior Privilege needs ₹10,000 monthly balance or ₹2.5 lakh FD; Senior Maxima requires ₹5 lakh FD or ₹25,000 quarterly balance.
- What is a BSBDA Savings account? Can I open a BSBDA account with IndusInd Bank?
Basic Savings Bank Account was introduced by the RBI and the following are its main features – there is no minimum balance requirement and the KYC documentation is minimal. Indus Easy Savings Account is a BSBDA and resident individuals aged above 18 years can open this account.
- Does IndusInd bank offer any special savings account for women?
Yes, Indus Diva savings account is specially crafted to meet the banking requirements of women. It comes with features like 25% of standard locker fee for first year, free add-on accounts and door step banking facilities.
- Can I open an IndusInd bank Savings account for my child?
You can open an Indus Young Saver account for your child. If you kid is under 12 years, you can operate the account as a guardian. For minors over 12 years, the account can be opened in the name of your child.
- I am a Non-Resident Indian. Can I open a savings account with IndusInd Bank?
Yes, if you are a NRI residing in India for more than 180 days, you can open a savings account with IndusInd Bank by providing a valid passport, visa and proof of residency in India.
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