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Indus Privilege Savings Account
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Overview

Privilege Savings Account, an account with exclusive features that offer more value for your money, gives you the power to save and enjoy convenient and a hassle-free banking experience. The Indus Privilege Account gives you the dual-advantage of :

  • Free Indus Young Saver Account with Recurring Deposit facility for your child. (With Limited benefits)
  • Power-packed transactional account.

Features & Benefits

IndusInd Bank presents a Savings Bank Account which offers a host of features and benefits for you and your family.

Free Indus Young Saver Account
Debit Card

IndusInd Bank presents a suite of premium to utility Debit Cards , that come loaded with features to make banking effortless for you. Choose from any of the following:

Use your card to earn reward points even on your daily transactions. Go shopping, pay utility bills, invest through SIPs or even withdraw cash and choose to get rewarded or auto cash back into your account through Indus Money.

Get maximum access to your funds at over 1.2 lakh ATM and more than 9 Lakh merchant establishments in India. Also, if the Debit Card is international you can also access 1 Million Visa ATMs worldwide and 26 Million Visa merchant outlets.

For more details please Click here

Banking at your convenience
  • Access and transact on your account from any of our branches across India completely FREE, be it for deposits, withdrawals or any other transactions.
  • 365 days banking at select branches.
  • Doorstep banking at select locations – free cheque pickup and demand draft delivery
  • Free demand drafts (up to INR.25,000/- per day) at all our branches.
  • Toll free contact centre access to our service staff
Internet Banking
  • Free Internet banking service.
  • Free bill payment and online railway ticket booking facility.
  • Free funds transfer through NEFT and RTGS.
Multicity Cheque Book
  • Free personalised multicity cheque book
Standing Instructions
  • Free standing instructions, Sweep-In facility.
Statements and Nomination
  • Free Monthly e-Statements
  • Nomination facility available.
No Need to Carry Cash Anymore
  • Online Bill Payment, railway ticket booking, e-Shopping.
  • Mobile top - ups at ATMs.
  • Credit Card bill payment (VISA Cards) over ATM and internet.
  • Cashless shopping with VISA Debit Card.
  • Free funds transfer - Use RTGS or NEFT to transfer funds anywhere in India completely FREE.

Eligibility

The following can open an Indus Privilege Account:

  • Resident individuals (sole or joint account)
  • Minor
  • Trusts, Associations, societies and charitable trusts.
  • Foreign national residing in India for a period greater than 180 days, can open a savings account by providing the following:
    • Valid passport.
    • Valid visa.
    • Documentary proof of residency in India.

Balance Requirement

Monthly Average Balance (MAB) Requirement

  • MAB of INR 10, 000/- in A category branches
  • MAB of INR 10, 000/- in B category branches
  • MAB of Rs.5,000/- in C category branches

For further details, kindly refer Schedule of Charges

How to Apply

You can open an Indus Privilege Savings Account online. Click on the Apply Now button on this page, fill in your details and submit it. We will get back to you for further KYC process. Alternately, you can visit a branch and submit the savings account form.

Documentation
The following documents will be needed to open the Indus Privilege Account:

  • Duly filled account opening form.
  • One passport size colour photograph.
  • Initial deposit of INR 10,000/- or more, if account opened in A&B category branch or INR 5,000/- or more, if account opened in C category branch.
  • PAN card or Form 60/61 where PAN card is not available.
  • Any one document from each of the following groups:

Identity Proof

  • Passport or driving license or Voter's ID or Photo Debit/Credit Card

Address Proof

  • Passport or driving license or Voter's ID or utility bill (not older than 3 months) The above list is indicative. For a more detailed list, please contact your nearest branch or call our contact center.

Reviews

A Bank That Believes In Customers' Comfort

IndusInd Bank account grants you the freedom of A-Z home banking even when bank account opening formalities are concerned. When I had to open a savings account with IndusInd bank I cannot remember if even once I visited the bank. From application to document collection, everything was done either online or at my doorstep, with no hassle whatsoever.

Sheldon Alva, Chennai, April 8, 2016

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A Bank That Manages Savings For Me And My Child

Looking at the offers that IndusInd Bank provides for children, I wasted no time to open a savings account with IndusInd Bank. The Indus Young Savers account is an added perk to my Indus Privilege account. I also started a recurring deposit for my child. This allows me to concentrate on saving for my child without worrying about maintaining the monthly balance.

Vijay Agrawal, Bangalore, April 7, 2016

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A Savings Account That Lends A Hand To Responsible Parenthood

IndusInd bank has made it possible for me to open a savings account along with my daughter. Now I can teach my daughter the importance of financial freedom, and make it fun at the same time. I also got a customised debit card made for her so that she can operate her own account under my supervision.

Latin Rastogi, Faridabad, April 4, 2016

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An Account For The Financial Security Of My Child

My child was particularly thrilled when I told him that he could have his own savings account. My son’s Indus Young Saver’s came as a perk with my IndusInd privilege account. My son has quickly caught up with the banking concepts. It makes me immensely proud to see him pick up on the habit to save at such a tender age.

Malini Naik, Amritsar, April 5, 2016

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Maximum Banking Options With IndusInd Bank!

IndusInd Bank grants the best banking experience during my busy schedule. My Privilege savings account with IndusInd bank gives me the much-needed flexibility in banking solutions such as any-branch-banking, doorstep services, 365 days availability etc. I can now bank from anywhere I want, at the time of my convenience.

Nisha Chaudhary, Jaipur, April 4, 2016

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  • SAVINGS RATES

  • Daily balance upto 1 lac 4 %
  • Daily balance above 1 lac and upto 10 lac 5 %
  • Daily Balance above 10 lac 6 %
  • DEPOSIT RATES

  • 1 year to 1 year 2 months 7.75 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1.5 lacs) 7.5 %
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