IndusInd Bank Savings Account

Last Updated : Feb. 17, 2025, 6:09 p.m.

Inspired by the beautiful and culturally evolved Indus Valley Civilization, IndusInd Bank was established in 1994. Conceived and promoted by Srichand P Hinduja, the IndusInd Bank is a combination of sound business practices and customer-centric banking services that have set the highest quality standards in the industry. IndusInd bank’s network spans 3063 branches and 2993 ATMs spread across India with 42 million happy customers. This international bank covers 1,60,000 villages and has offices in London, Dubai, and Abu Dhabi. They offer above-par services for individuals and corporations with the best financial metrics in the industry. Below we have given an overview of the different types of savings accounts of IndusInd Bank and their benefits.

IndusInd Bank Savings Account Interest Rates July 2025

Below are the interest rates for IndusInd bank savings account:

Types of IndusInd Bank Savings Account

Indus Delight- Zero Balance Savings Account: A perfect solution for those who want to maintain a bank account without worrying about balances.

• No minimum balance requirement except a small ₹10,000 initial opening amount.
• Enjoy up to 5% cashback on fuel, entertainment, purchases from top brands, dining, and OTT with the Delight debit card.
• Zero balance requirement
• Buy 1 Get 1 movie ticket on BookMyShow with Delights debit card.
• Complimentary insurance coverage of ₹1.5 lakh
• Debit card Fee: INR 500+ Taxes.
• 10% off on Swiggy and Big Basket
• Access to advanced features such as fingerprint authentication.

IndusInd Indie Savings account: This account offers interest rates comparable to FDs for Indian residents.

• Zero charges on essential services like IMPS, NEFT, RTGS and UPI payment
• Unlimited free cash withdrawal from all IndusInd bank ATMs across the nation.
• Earn rewards points for shopping
• Up to 7% returns on savings accounts
• Credit line of up to ₹5 lakh
• 0% to 2% forex markup on international transactions
• Zero debit card changes
• Auto sweet feature to an FD account for higher returns

Indus Select Savings Account: This service is offered to existing customers who have a good standing with the bank. Eligibility

• Minimum balance account of ₹50,000
• AWB should be ₹1 lakh
• Collective savings of ₹7 lakh
• FD and a collective total of ₹10 lakhs in a savings account
• Mutual funds of ₹3 lakh
• Minimum salary credit of ₹75,000
• Home loan with the bank for a minimum amount of ₹25,000

Features

• Lifetime free World/Signature Select Debit Cards
• Dedicated relationship manager
• ₹30 lakh air accident insurance
• Counterfeiting coverage of ₹3 lakh.
• Family can come under one common account
• Free 1+1 ticket on BookMyShow
• 10% discount on bank lockers
• No foreign currency transaction charges from select ATMs abroad
• 2.5% waiver on petrol surcharge
• Best-in-class concierge service along with doorstep banking

Indus Grandé Savings Account: Premium account of Indian citizens with exclusive privileges

Eligibility

• SA AQB should be ₹5 lakh
• The combined balance of ₹25 lakh
• A CA, SA and AQB of ₹7 lakh

Features

• Dedicated relationship team and family banking (up to 8 members)
• Complimentary airport lounge and golf access
• Cashback on shopping stays, and entertainment
• 20% off on Swiggy and Big basket
• Times Prime annual membership
• Free small/medium lockers for 1 year

Indus Exclusive Savings Account: A privileged account for people holding ₹1 lakh to ₹2 lakh savings account or a savings + current account of ₹5 lakh.

• Signature exclusive debit card
• Relationship manager
• 0% cross-currency markup
• Priority banking
• Low Demat and locker charges

IndusInd Comfort Savings Account: The bank offers easy-to-operate savings account options for salaried employees and employers. The accounts are namely Indus Comfort Pioneer, Indus Comfort Grandé, Indus Comfort Exclusive, Indus Comfort Select, Indus Esteen Corporate Salary Account, Indus Comfort Maxima, Indus Comfort Premium, and Indus Comfort Regular, Indus Comfort Government Staff, Indus Carat Corporate Salary Account

• Dedicated priority banking service managers
• Free cash withdrawals from any ATMs
• Dedicated teller queues for priority banking
• Attractive term deposits
• Free first-year locker rental
• Hassle free salary deposit through bank transfer
• Privileges for dining, lifestyle, travel, and entertainment
• Privileges to family members
• Insurance benefits for up to 1.365 crore on debit cards
• No minimum balance (depending on salary credits)

Indus Force Salary Account: A specially crafted savings account for armed forces serving the country.

• 35% discount on lockers
• Rewards on use of debit card
• Unlimited free ATM withdrawals within India
• Group accounts of Up to three family members can enjoy zero balance accounts

Indus Solitaire Program: An exclusive banking savings account with exquisite privileges for diamond merchants.

• Family banking
• Free lockers
• Solitaire metal debit card
• Club Marriott Membership
• Cashback on debit cards
• BookMyShow 1+1 on movie tickets and 2 event tickets per quarter
• No cross-currency markup

Indus Partner saving accounts: Suitable for people building a life together and want to save together.

• Free small/medium locker for the 1st year
• Lifetime VISA Signature Debit Card free for both partners
• Family banking
• Attractive cashback

Indus Multiplier Plus Savings Account: The account offers higher returns on savings and fixed deposits for people with an average monthly deposit of ₹10,000.

• Low balance requirement and free zero balance for two members
• Smart sweep feature
• Attractive cashback
• Complimentary insurance worth ₹1.5L with a platinum debit card
• 50% off on lockers

Indus Diva Women Savings Account: An account tailored for women who are looking to become financially independent.

• Unlimited free ATM withdrawals
• Discounts and cashback on dining, travel, shopping, and fashion
• “Buy 1 Get 1 Free” offer on movie tickets from BookMyShow
• 35% off on lockers
• 2% Cross Currency Mark-up

Indus Senior Citizen Savings Account: An account specially meant for senior citizens who are now retired or still employed and are 60 years and above.

• Free cash and cheque deposit and pick up with doorstep banking
• Higher rates on FD investments
• Discounts on Swiggy and Big Basket
• Higher reward points on Visa Platinum Debit card
• Account number of choice
• Fingerprint authentication

Indus Young Saver Savings Account: For minors to give them a taste of financial freedom and develop the habit of saving for children under the age of 10. It is one of the best savings accounts for minors .

• Customized debit card and chequebook
• Annual reward points.

IndusInd Bank Savings Account Features & Benefits

IndusInd is the leading bank in the country known for giving your money the growth it deserves. The main benefits of savings accounts include:

• Competitive interest rates
• Exclusive discounts and offers
• Easy account opening with just basic minimum documentation
• Account number of the customer’s choice
• Transparent charges and rewards
• Digital and instant 24/7 access to the account.

Documents Required for IndusInd Bank Savings Account

The bank requires minimum documentation to process the hassle-free account opening for your savings.

To open a new Savings Account with IndusInd Bank, you will need -

• Aadhaar Card
• PAN Card
• The mobile number linked to Aadhaar
• Form 60
• Driving License
• Proof of Address - telephone bill, electricity bill, bank account statement, etc
• NREGA Job Card that is duly signed by an officer of State Government
• Voter ID Card
• NPR Letter – Issued by the National Population Register
• And other proof of employment as necessary.

What is the Minimum Balance for an IndusInd Bank Savings Account?

• Depending on the type of saving account the minimum balance can be from 0-50,0000 INR.

IndusInd Bank Savings Account Charges & Fee

Debit card fees

• The replacement fee for STAR and MEGASTAR debit cards is ₹150
• The annual renewal fee for STAR debit cards is ₹499
• MEGASTAR debit cards have no annual renewal fee for VISA Signature cards

ATM fees

• At other bank ATMs in India, the first five transactions are free, after which cash withdrawals cost ₹21 and non-financial transactions cost ₹10
• International ATM withdrawals cost ₹125 per transaction
• IndusInd Bank ATMs offer certain free transactions

Other fees

• Penalty for failing to maintain the required minimum balance ranges from ₹250 to ₹350
• Goods and Services Tax of 18% will be levied on charges
• The bank reserves the right to assess charges on transactions not covered by the schedule.

How to open a Savings Account in IndusInd Bank?

There are four simple steps

• Visit the official bank website
• Click on savings accounts
• Select the account you want and click on apply online.
• Select your account number and fill in the required details
• Consent to digital KYC and follow the steps.
• Your account will be activated and details sent to you.

For offline account openings, visit the nearest branch and submit the required documents.