Opening a savings account with IndusInd Bank appears simple with their Indus Online Savings Account. This zero-adjust account can be opened online through a straightforward application handle. Here's the details:
Also, some things are to be kept in mind while opening your account:
Types of Indus Online Savings Account
There are two types to choose from,Indus Online Account – Premium Debit Card:
- Monthly balance waived if you opt for a Platinum Debit Card (costs Rs.1000 + taxes).
- Choose your own account number.
- Smooth access with a fingerprint on the Indus Mobile App.
- Platinum Plus Debit Card perks, including free movie tickets, fuel surcharge waiver, and higher ATM limits.
Indus Online Account – Instant Funding:
- Minimum balance waived on an initial deposit of Rs.20,000.
- Choose your account number based on availability.
- Enjoy a Titanium Debit Card.
- Get rewards for spending, fuel surcharge waiver, and daily transaction limits.
Who Can Open:
- Individuals residing in India.
- Indian citizens above 18 years with Aadhaar and PAN.
How to Open an IndusInd Bank Zero Balance Account?
Follow these simple steps on the bank's website:- Click 'Apply Now' for an Online Savings Account.
- Add your mobile number, create your account number, and verify with OTP.
- Fill in Aadhaar, PAN, and personal details.
- Choose between instant funding or a premium debit card.
- Add UPI details, verify, and pay the required amount online.
Features of Premium Debit Card Account
- No minimum average balance.
- Platinum Plus Debit Card benefits.
- Choose your account number.
- Secure Indus Mobile App with your fingerprint.
- Get alerts on WhatsApp.
- Enjoy perks like free movie tickets, fuel surcharge waiver, and higher ATM limits.
Features of Instant Funding Account
- No minimum balance with an initial deposit of Rs.20,000.
- Choose your account number.
- Titanium Debit Card benefits.
- Fingerprint banking on Indus Mobile.
- Online money transfers with no charges.
- Enjoy rewards for spending and fuel surcharge waiver.
Interest Rates
| Daily balance | Interest rate |
| Daily balance Upto Rs. 1 Lakh | 4% |
| Daily balance above Rs. 1 Lakh & upto (& including) Rs. 10 Lakhs | 5% |
| Daily balance above Rs.10 Lakhs | 6% |
Also, some things are to be kept in mind while opening your account:
- Complete KYC within 12 months to avoid deactivation.
- Limitations on holding and credit transactions before full KYC completion.
- Only 4 debits per month
- The total amount of cash withdrawal and transfer fees shall not exceed Rs.
- 100,000 a month.
- Similarly, the total balance of the BSBD account cannot exceed Rs.100,000 within a year.
- The balance of simple savings bank deposits shall not in any case exceed Rs. 50,000.
