Features & Benefits

Hassle free and convenience in Banking at ZERO minimum balance!

Simplified Processes

Easy account opening process with simplified documentation

ATM Card

• Get an ATM card by just paying Rs 25/ - 
• Convenient Access to account
• Access IndusInd Bank ATMs across India for cash withdrawals, cash/ cheque deposits, VISA Credit Card bill payment, balance enquiry, mobile top-up and other miscellaneous requests, all for free
• Access cash for withdrawal at over 80,000 ATMs in India, through our network partners – VISA & NFS
• 5 Free Domestic Other Bank ATM transactions in a month (Cash withdrawal, Balance Enquiry, PIN change OR Mini Statement)

Banking as per your convenience

• Direct Withdrawal facility – weekly once
• 365 Days Banking at select branches
• Toll Free contact centre access to our Service Staff

Internet Banking

• Free Internet banking registration
• Free funds transfer through NEFT or RTGS

Cheque Book

• One cheque book issued per annum

Statements & Nomination

• Half yearly statements, monthly statement through email
• Free Nomination Facility

Eligibility

The following can open an Indus Small Account :

• Resident Individuals above 18 years of age.

Balance Requirement

• Zero minimum balance, with just Re.1/- to open the account.
• For a Indus Small Account the following conditions are applicable : - 
  

a) The aggregate of all credits in a financial year does not exceed rupees one lakh
b) The aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousand
c) The balance at any point of time does not exceed rupees fifty thousand

• At any point in time, if the above conditions are not met, the Account Holder will be required to provide additional documents for KYC completion; else, the Bank will be entitled to close the account.

Non – Maintenance charges

• No charges on non-maintenance of minimum Average Quarterly Balance

Note : - Foreign remittance shall not be allowed to be credited into a small account.

Documentation

The following documents will be needed to open the Indus Small Account

• Latest photograph of the applicant/s
• Proof of Identity as per list provided from time to time
• Proof of Address as per list provided from time to time

Incase officially valid identity proof & address proof is not available, a small account can be opened by providing any one of the below 2 document-

• UID card issued by the Unique Identification Authority of India containing details of name, address and Aadhar number or
• Job card issued by NREGA duly signed by an officer of the State Government

Note - A small account shall remain operational initially for a period of twelve months, and thereafter for an additional period of twelve months if the account holder provides evidence of having applied for any of the officially valid documents within twelve months of the opening of the account