INDUSIND BANK SAVING 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.

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

HOW TO OPEN Indusind BANK SAVING ACCOUNT

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.

IndusInd Bank Savings Account Interest Rate

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.

TYPE OF INDUSIND BANK SAVING ACCOUNT

  • Indus Exclusive Savings Account
  • Indus Select Savings Account
  • Indus Maxima Savings Account
  • Indus Privilege Savings Account
  • Indus Privilege Active
  • Indus Diva Savings Account
  • Indus Senior Savings Account
  • Indus Young Saver
  • Indus Classic Savings Account
  • Indus Easy Savings Account
  • Indus Small Account

INDUSIND BANK SAVING ACCOUNT MINIMUM BALANCE

The following savings accounts offered by IndusInd Bank have a minimum balance requirement:

  1. Indus Maxima Savings Account and Indus Diva Savings Account – There is an average quarterly balance requirement of Rs 25,000. There is a penalty of Rs 900 if balance is less than Rs 12,500, a penalty of Rs 600 if balance is more than Rs 12,500 but less than Rs 18,750 and a penalty of Rs 300 if balance is more than Rs 18,750 but less than Rs 25,000.
  2. Indus Senior Savings Account – There is an average monthly balance requirement of Rs 10,000 or a Fixed Deposit of Rs 2,50,000. There is a penalty of Rs 250 if the balance is above Rs 5,000 but below Rs 10,000 and a penalty of Rs 350 if balance is below Rs 5,000.
  3. Indus Classic Savings Account – There is a minimum balance requirement of Rs 10,000 in A category branches (or FD of Rs 50,000), Rs 10,000 in B category Branches (or FD of Rs 35,000), Rs 2,500 in C branches category (or FD of Rs 25,000) and Rs 1,500 in C1 category branches (or FD of Rs 25,000). The penalty for non-maintenance of balance ranges from Rs 250 – Rs 350, depending on the available balance of the account.
  4. Indus Privilege Savings Account – There is a minimum balance requirement of Rs 10,000 in A category branches and B category Branches, and Rs 5,000 in C and C1 category branches. The penalty for non-maintenance of balance ranges from Rs 250 – Rs 350, depending on the available balance of the account.