IndusInd Bank is one of the leading private banks in India. The bank offers a variety of savings account schemes to cater to the needs of all kinds of customers. IndusInd Bank Savings Accounts offer a wide range of privileges and benefits that enhance the banking experience of customers. The customers can easily access their IndusInd Bank Savings Account through facilities such as IndusInd Bank Net Banking, Phone Banking, Mobile Banking and IVR support.
IndusInd Bank Savings Account Interest Rate
The interest rates offered with IndusInd Bank Savings Account are as follows:
- For daily balance up to Rs 1 lakh, it is 4% p.a.
- For daily balance above Rs 1 lakh and below Rs 10 lakhs it is 5% p.a.
- For daily balance above Rs 10 lakhs, it is 6% p.a.
Types of IndusInd Bank Savings Account
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 IndusInd Bank Net Banking & Mobile Banking, round the year banking (at selected branches) etc.
- Indus Privilege Active – It is a transaction-based account that has no minimum balance requirement and comes with a unique feature called ‘My Account My Number’ that allows you to choose your own bank account number.
- 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 3-in-1 – It comes with the unique benefit of leveraging demat and savings account for e-trading through Kotak Securities.
- Indus Young Saver – It is the ideal savings account for a 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 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 saving 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.
Apart from the above, IndusInd Bank offers the following corporate salary accounts:
- Indus Comfort Exclusive – It comes with benefits such as discounts on lockers, reduces processing fee for loans, unlimited ATM withdrawals in India and abroad, and so on.
- Indus Comfort Select – It is a salary account that offers lifestyle privileges, discounts on lockers and other benefits.
- Indus Comfort Maxima – It provides the customers with an opportunity to earn interest at the rate of 6% p.a. and other added benefits.
- Indus Comfort Premium – It is a corporate salary account that comes with a host of benefits such as zero quarterly balance requirement, option to choose the currency of transaction etc.
- Indus Comfort Regular – It comes with enhanced features and benefits such as zero minimum deposit for opening the account, the interest of 6% p.a. and so on.
Induslnd Bank Savings Account Minimum Balance
The following savings accounts offered by IndusInd Bank have a minimum balance requirement:
- 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 the balance is less than Rs 12,500, a penalty of Rs 600 if the balance is more than Rs 12,500 but less than Rs 18,750 and a penalty of Rs 300 if the balance is more than Rs 18,750 but less than Rs 25,000.
- 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 the balance is below Rs 5,000.
- 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.
- 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.
