When looking to store your money, enjoy liquidity, and earn decent returns, an IndusInd Bank saving account may be the best option. It allows you to store and access funds whenever you want and lets you earn a reasonable interest rate.
Not just that, opening a savings account with IndusInd Bank is as easy as it can get. All you have to do is visit their website and apply for an IndusInd Bank Savings Account. Read on to know more about the features of the savings account, along with the rate of interest that it lets you earn on your savings.
Here are some of the features of the IndusInd Bank savings account:
Attractive Interest Rates: Enjoy attractive interest rates on your account balance. The IndusInd Bank savings account interest rate goes up to 6%.
Easy Application Process: IndusInd Bank allows you to open a savings account online without visiting any bank branch physically. All you have to do is complete an online application form and submit the required documents.
Minimal Documentation: Since the entire account opening is online, IndusInd Bank requires no paperwork to open your account. The e-KYC further simplifies the account opening process.
Multiple Choices: This bank also lets you open different types of accounts matching your financial requirements. These include Indus Delite Savings Account, Indus Select Savings Account, and Indus Maxima Savings Account among others.
Zero Balance Account: With Indus Delite Savings Account, you can open an account with zero balance. All you have to do is make an initial deposit of ₹10,000.
Debit Card: By paying minimal annual charges, you can get a VISA debit card that allows you to withdraw money from your account anytime from an ATM. These cards are accepted across the globe.
Today, a savings account is not just a financial tool to park funds. As mentioned, you get to enjoy high-interest rates on your savings, as much as 6%, with an IndusInd Bank savings account.
Apart from high liquidity and attractive IndusInd Bank SB account interest rates, you can send and receive payments seamlessly. You can transfer (or receive) any amount using net banking, RTGS, IMPS, NEFT, etc.
When you open a savings account, the IndusInd Bank also offers insurance coverage*, free locker service*, etc. on select types.
Moreover, the debit card that comes with your IndusInd Bank savings account allows you to avail exclusive offers. These include cashback points and discount offers on shopping, hotel, flight bookings, etc.
The following table provides the IndusInd Bank savings account interest rate and other charges:
Applicable Rate and Charges
Up to 6%
Debit Card Issuance Fee
IndusInd Bank Savings Account Minimum Balance
Cash Withdrawal (IndusInd Bank ATM)
Non-cash Transaction (From another bank’s ATMs)
₹10 (Beyond 5 free transactions)
Cash Transaction (From another bank’s ATMs)
₹21 (Beyond 5 free transactions)
When opening the savings account, you are required to meet the following eligibility requirements:
You must be an Indian citizen
Your age must be 18 years or above
Submit the following documents to open your IndusInd savings account:
Valid Aadhaar Card linked to your mobile number
Here are different types of IndusInd Bank saving accounts you can choose from according to your financial requirements:
Indus Select Savings Account offers numerous privileges and lifestyle offers. These include:
Free World Select Debit Card
One free movie ticket when you purchase using the BookMyShow platform
Indus Delite Savings Account is a zero-balance savings account that offers the following:
A cashback of 5% on shopping from Amazon*
A discount of up to 20% on BigBasket* and Swiggy*
Shop with the Platinum Plus Debit Card and earn 6X rewards
Cashback of ₹500 on cab booking and recharge among others
It is a premium account designed primarily for wealth management for High Net Worth Individuals, C Suite Corporate Executives, Business Owners, NRIs, SME Businesses and upwardly mobile Affluent Individuals. providing offers such as:
Exclusive lifestyle offers on dining, travel, entertainment, etc.
Customised wealth management solutions
This savings account allows joint ownership that aids in the financial management of the entire household. It provides the following offers:
Attractive cashback when you shop with Visa Signature Debit Card
Exclusive discounts on locker facility
Free Times Prime Membership*
The Indus PROgress Savings Account is designed to enhance your every banking experience. This savings account offers the following benefits:
Exclusive discounts on locker facility
Free airport lounge access
This savings account is from the premium range of IndusInd Bank saving accounts that allow you to enjoy the following:
Unlimited free ATM withdrawals
A dedicated relationship manager to assist with any issues or queries
This 3-in-1 savings account helps seamlessly integrate the services of three accounts- savings, Demat, and trading. Here is what it offers:
Exciting offers on debit cards
Exclusive discount on brokerage charges on Demat and trading transactions
The Indus Max Active Savings Account provides added benefits, helping you manage digital transactions easily.
Vouchers worth ₹750 on quarterly spending of ₹75,000 on merchant payments
No maintenance charge on using the account actively for the purpose of investment
This savings account provides maximum benefits for two family members. You get to enjoy the following benefits with this account:
Enjoy cashback and exclusive discounts on using your debit card
Avail zero-balance account for two family members
This type of savings account combines the benefits of a secure savings account with the high returns of an FD. With Indus Multiplier Max Savings Account, you get to avail the following benefits:
25% discount on locker facility
Smart Sweep feature where excess balance above the threshold of ₹20,000 is booked as an FD
This savings account allows you to enjoy premium savings as well as exclusive banking services. These include:
A discount of 25% on locker facility for a year
Cashback and exclusive discounts
The IndusInd Bank has designed these savings accounts to maximise your savings benefits by offering the following:
Exclusive cashback and discounts on using your debit card
A minimum balance requirement of only ₹10,000
This account caters to the saving needs of women customers with the following benefits:
Exciting discounts and cashback offers
35% discount on locker facility
This savings account has been designed specially to cater to digital financial requirements. You can enjoy the following features with this IndusInd Bank savings account:
It is a zero-balance account
Enjoy up to 20% discount on Swiggy and BigBasket
As its name suggests, the Indus Senior Citizen Savings Account is designed to fulfil the financial requirements of senior citizens. It offers the following benefits:
Doorstep Banking service offers free cash and cheque pickup and delivery
Higher returns on fixed deposits
This IndusInd savings account helps teach the importance of financial management to children. The features of the Indus Young Saver Savings Account are as follows:
Personalised chequebook and debit card
Exclusive savings account for your kids
This savings account provides you with high liquidity and flexibility in terms of the management of your money. Here are some of its notable features:
Reward points on transactions using your debit card
Exclusive deals and discounts on using your debit card
The Indus Small Savings Account allows you to enjoy a host of exclusive banking services with a zero-balance account. It offers the following benefits:
There is no minimum balance requirement
Minimal documentation required
The Indus Easy Savings Account is a Basic Savings Bank Deposit Account (BSBDA), which lets you enjoy the following advantages:
Easy account opening process
No requirement for a minimum balance
In conclusion, the IndusInd Bank savings account not only helps you to park your savings but also to enjoy best-in-class banking services.
The IndusInd Bank savings account interest rate ranges from 4% to 6%, comparatively higher than what most banks offer. In addition, you also get to enjoy insurance coverage* and free locker service* for opening a savings account with IndusInd Bank.
Disclaimer -“The Savings Account Service is provided by IndusInd Bank which is an RBI licensed bank. Our partner bank hosts your Savings Account and follows all security standards as per applicable regulations. BFDL itself is not a bank and doesn’t hold or claim to have a banking license. The information and materials contained herein are provided "as is," and "as available”. The Savings Account service will be carried out on platform of IndusInd Bank and Bajaj Finserv Direct Limited has no role in it and assumes no responsibility for same”.
Bajaj Finserv Direct Limited is only acting as lead referral of IndusInd Bank for Savings Account service as is being provided by IndusInd Bank.
It is 5% when the account daily balance is between ₹1 Lakh and ₹10 Lakhs. The interest rate is 6% on daily balances above ₹10 Lakhs and up to ₹1 Crore. However, if your account daily balance is above ₹1 Crore and up to ₹100 Crore, you get 6% on the entire balance.
The interest on your savings account gets credited every quarter, i.e., at the end of March, June, September and December.
The interest on your IndusInd savings account is calculated daily on the daily closing balance.
Yes, Indus Delite Savings Account is a zero-balance savings account you can open by visiting the bank website.