Specially designed to build and secure your child’s future
At IndusInd Bank, we understand your varied needs as a parent getting the best education for your children, saving for their future, ensuring their good health and habits – you always wish you had the time and resources to give them the best they deserve. As a Bank we feel a strong responsibility in securing your financial future. We therefore offer you a portfolio of savings and investment solutions for your child.
Presenting to you the Indus Young Saver Account. A flexi recurring
deposit for your child, which gives you the freedom to transfer as much
you want in a month, without worrying about pre determined limits.
Features & Benefits
Presenting the Indus Young Saver Account with a host of unmatched features for your children
Open the account with a minimum deposit of Rs.11/- only. This account can be opened as a free add-on account with a regular IndusInd Savings account. This account is an ideal combination of a Savings Bank Account and Flexi Recurring Deposit.
Flexi Recurring Deposit
You can setup Standing Order Instructions from your account to your child’s Young Saver Account and watch his savings grow.
TDS not applicable
TDS is not applicable on the interest earned on the Recurring Deposit.
The Indus Young Saver account can be opened in the minor’s name, either-
Average Monthly Balance to be maintained
Balance Non-Maintenance charges
The following documents will be needed to open the Indus Young Saver account
IBL Registration Number NSE: INE231308847
MCX Stock Exchange Limited: INE261314434 for dealing in currency derivatives segment