Indus Online Savings Account is a zero balance savings account from IndusInd Bank. You can open IndusInd Bank zero balance account online by filling up an online application. The bank has waived minimum average balance of the account if customers opt for a platinum debit card or instantly funds the account during the online account opening process.
Indus Online savings account comes in three variants: Indus Online Account – Premium Debit Card, Indus Online Account – Instant Funding and Indus Online Account – Instant Funding. The variant depends on the account opening process.
While opening zero balance account in IndusInd Bank, you will get the option for instant funding or premium debit card. After you choose one option, the bank will waive the minimum average balance from your Indus Online Savings Account.
If you want to initial high funding of Rs.20,000, your online savings account will be Indus Online Account – Instant Funding. With this account, you will receive a Titanium debit card that comes with Rs.249 plus taxes.
The monthly balance is waived off if you can also opt for a Platinum Debit Card issuance. The fee of the platinum debit card is Rs.1000 + taxes.
IndusInd Bank’s online savings account can be opened by:
You can open Indus Online Savings Account online directly through the bank’s website.
Click on ‘Open your account’ now.
Add your mobile number and your account number will be created based on your mobile number. You can add any other number such as your birthday or anniversary. Just check for availability of your number.
Enter the OTP that you have received on your mobile phone.
Enter your nearest city or location. Bank branch will be allotted based on this location. Enter your Aadhaar number and PAN. Accept terms and conditions and click on ‘Send Verification Code’.
Enter the OTP on the same page and click on ‘Continue’.
Enter your personal details. Some details will be auto populated from the Aadhaar data base. Enter the other details.
In the next step, enter your nominee details.
In this stage, you will need to choose your Indus Online Savings zero balance account i.e. instant funding or premium debit card.
Add a UPI id address of your choice. Enter your mobile banking details such as your username, Mobile banking PIN. You will need these details to access your IndusInd Bank mobile banking app.
Now, you can verify the details you have added. If everything is okay, click on continue.
In this step, depending on the savings account that you have opted, you may have to fund your account or pay for the debit card. You will see the amount that needs to be paid on your screen. For instant funding account, the amount will be Rs.20,000 plus taxes and for the debit card variant, you will need to add a minimum amount of Rs.1,000. You can use internet banking or UPI to pay.
Your account is now open.
Indus Online Savings Account offers an interest rate of up to 6%. The interest rate provided by the bank starts at 4%.
|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%|
Indus Online Savings Account comes in three variants. Indus Online Account – Premium Debit Card and Indus Online Account – Instant Funding are the two zero balance variants. Indus Privilege Online Account has an average monthly balance of Rs.10,000.
One can choose the account number of their choice. It gives customers the option to choose between the premium debit card or the instant funding variant during the new account online opening journey. In this case, it waives the minimum average balance requirement off for their entire lifetime.
Yes. You can open a zero balance account in IndusInd Bank. Indus Online Savings account is a zero balance account of IndusInd Bank.
Indus Online Savings Account, a zero balance account, is a digital savings account that can be opened online by filing up an online application.
You can open IndusInd digital savings account online directly from the bank’s website. You will need your PAN card, Aadhaar number and Aadhaar-registered mobile number to open the account.
Indus Online Account – Premium Debit Card and Instant Funding account are the two variants of online zero balance savings account. There is no minimum balance requirement for these accounts.
IndusInd Bank offers up to 6% interest rate on online savings account.
Here are some of the top features:
1. Open account online instantly
2. Minimum average balance is waived off
3. Freedom to select your Choose your account number
Premium debit card account holders receive platinum debit card while Instant Funding account holders receive titanium debit card.
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