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.
Interest rate for Daily Balance up to Rs.10 lakh: 4% p.a.
Interest rate for daily balance above Rs.10 lakh and up to Rs.1 crore: 5% p.a.
Interest rate for daily balance above Rs.1 crore: 6% p.a.
Minimum balance requirement: Rs.10,000 to Rs.25,000 based on the account type
Applying for a Savings Account at BankBazaar.com 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 from BankBazaar.com after successful submission of 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.
The interest rates offered with IndusInd Bank Savings Account are as follows:
Interest rate for Daily Balance up to Rs.1 lakh: 4% p.a.
Interest rate for daily balance above Rs.1 lakh and up to Rs.10 lakh: 5% p.a.
Interest rate for daily balance above Rs.1 lakh: 6% p.a.
The following savings accounts offered by IndusInd Bank have a minimum balance requirement:
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