Open Savings Account Online
Experience a smarter way to manage your money with IndusInd Bank’s online savings account. It is not just a regular savings account; it is like a highly secure safe for your hard-earned money. Additionally, you can open a savings account online without any paperwork and no bank visits!
With us, you can enjoy seamless transactions, competitive interest rates, and the convenience of a 24/7 accessible bank account. We have made online savings accounts super dynamic and banking a breeze. Check out the endless possibilities of saving your money with IndusInd Bank today!
Choose from a Range of Savings Accounts Tailored to Your Savings Requirements
![PIONEER Banking and Wealth Management: Savings Account](/content/dam/indusind-platform-images/feature_banners/pioneer-saving-account/pioneer_sa.jpg)
PIONEER Banking and Wealth Management
The most premium offering of IndusInd Bank, designed for managing the wealth and banking needs of our top most clients.
Key Features and Benefits
- Personalised wealth management solutions, wide range of curated personal and commercial banking products.
- Knowledgeable and service-focused Relationship and service Relationship Managers.
- Hand-picked and exclusive lifestyle privileges across dining, lifestyle, travel and entertainment.
![Indus Grandé](/content/dam/indusind-platform-images/banner-images/IndusGrande/TH-Indus-Grande.jpg)
Indus Grandé Savings Account
Indus Grandé Prime Banking Services offers you a gamut of exciting benefits and exquisite privileges
Key Features and Benefits
- Relationship management team
- Complimentary airport lounge & golf access
- Cashback & rewards
- Family banking
![Indus Exclusive: Open a Savings Account](/content/dam/indusind-platform-images/feature_banners/indus-exclusive/indus_exclusive.jpg)
Indus Exclusive Savings Account
Welcome to the world of Exclusive Banking with IndusInd. A premier banking program, it is designed with the special privileges and offers only for you. It also offers you a dedicated team to experience seamless banking services.
Key Features and Benefits
- A dedicated relationship manager at your service for all your financial needs
- Avail cashback, free movie tickets, fee waivers & more
![Indus Select: Online Saving Account Opening](/content/dam/indusind-platform-images/feature_banners/indus-select/indus_select.jpg)
Indus Select Savings Account
Indus Select Savings Account is a premier bank account with numerous privileges and lifestyle offers.
Key Features and Benefits
- Lifetime free World/Signature Select Debit Card
- Buy one and get one free movie ticket from BookMyShow
![Indus Multiplier Max: Online Savings Bank Account Opening](/content/dam/indusind-platform-images/banner-images/indus-multiplier-max/th-Indus-Multiplier-Max370x242px.png)
Indus Multiplier Max Savings Account
Indus Multiplier Max Savings Account offers the flexibility of a savings account along with FD-like returns.
Key Features and Benefits
- 25% Locker discount
- Smart sweep feature that automatically turns savings account balance above â‚ą 20,000 into fixed deposits, giving you higher and better returns
![Indus Delite: Saving Account Opening](/content/dam/indusind-platform-images/feature_banners/indus-online/indus_online_sa.jpg)
Indus Delite Savings Account
Indus Delite Savings Account offers tailor made solutions for your delight. Enjoy exciting offers with Delights debit card!
Key Features and Benefits
- 5% cashback* on fuel, entertainment, dining and OTT spends with your Delights debit card
- 5% cashback on Amazon* with your IndusInd Bank debit card
- Zero balance requirement subject to IP funding
- 20% off on Swiggy & 10% off on bigbasket with your Delights debit card
- Buy 1 Get 1 on movie tickets on BookMyShow with your Delights debit card
![Indus Delite: Saving Account Opening](/content/dam/indusind-platform-images/feature_banners/indus-online/indus_online_sa.jpg)
Indus Delite Savings Account
Indus Delite Savings Account offers tailor made solutions for your delight. Enjoy exciting offers with Delights debit card!
Key Features and Benefits
- 5% cashback* on fuel, entertainment, dining and OTT spends with your Delights debit card
- 5% cashback on Amazon* with your IndusInd Bank debit card
- Zero balance requirement subject to IP funding
- 20% off on Swiggy & 10% off on bigbasket with your Delights debit card
- Buy 1 Get 1 on movie tickets on BookMyShow with your Delights debit card
![Indus Multiplier Max: Online Savings Bank Account Opening](/content/dam/indusind-platform-images/banner-images/indus-multiplier-max/th-Indus-Multiplier-Max370x242px.png)
Indus Multiplier Max Savings Account
Indus Multiplier Max Savings Account offers the flexibility of a savings account along with FD-like returns.
Key Features and Benefits
- 25% Locker discount
- Smart sweep feature that automatically turns savings account balance above â‚ą 20,000 into fixed deposits, giving you higher and better returns
![Indus Select: Online Saving Account Opening](/content/dam/indusind-platform-images/feature_banners/indus-select/indus_select.jpg)
Indus Select Savings Account
Indus Select Savings Account is a premier bank account with numerous privileges and lifestyle offers.
Key Features and Benefits
- Lifetime free World/Signature Select Debit Card
- Buy one and get one free movie ticket from BookMyShow
Earn an attractive interest rate on your savings account balance!
Our savings account stands as a testament to our unwavering commitment to prioritising our customers. Enjoy the advantage of highly competitive interest rates across all our online savings account variants. Check out the latest interest rates we are offering on savings accounts here.
Note:
The interest on your savings account is calculated based on your daily maintained balance. The interest is disbursed at quarterly intervals.
Features & Benefits
Savings Account FAQs
What is a Savings account?
A savings account is a type of bank account that helps individuals save money and earn interest on their deposits. Savings accounts are considered a safe and low-risk option for saving money for future use or emergencies. They typically have no or low fees and easy access to funds when needed. A savings account is a valuable financial tool for building wealth and achieving financial goals.
How to choose the ideal savings account for your needs?
While looking for a savings account that matches your savings goals & financial needs, look for the following:Â
- Interest rate offered by the bank: This will determine the rate at which your savings will multiply
- Minimum balance requirements: This will help you ensure that you have the liquidity you desire
- Offers on your account or debit card: This will help you save more on your everyday purchases
- Internet and mobile banking features: This ensures you don’t have to visit the branch for any & every banking services
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Why open an IndusInd Bank Online Savings Account?Â
IndusInd Bank offers attractive interest rates on different online savings accounts. Each of our savings accounts is tailored to your specific needs based on your income, expenditure, and lifestyle. We have a vast network of branches spread across the country. You can visit any branch to open a new savings account. We also offer a robust digital banking system that enables you to transact from anywhere anytime.
Enjoy benefits such as:
- Freedom to pick an account number of your choice
- Online savings account opening without any bank visits
- Attractive interest rate on your savings account balance
- 100% digital banking via the all-in-one IndusMobile App
- Attractive cashback offers and discounts across top brands.
We also offer attractive discounts on locker charges. We allow cash withdrawals in the denomination of your choice and lots more. Additionally, you can enjoy debit card offers on dining, travel, and entertainment! So, don’t wait – open a savings account with IndusInd Bank NOW.
What are the eligibility criteria for opening a savings account online with IndusInd Bank?Â
To open a savings account online, you must meet the following criteria and furnish required documents:
- You must be an Indian citizen or a resident with a valid PAN card or Aadhaar Card.
- You must have proof of age and be at least 18 years old or should have a guardian proof for the minor's savings account.
How to open a savings account online with IndusInd Bank?Â
The online savings account opening process includes four easy steps:
STEP 1 - Pick an account number of your choice
STEP 2 - Enter your details
STEP 3 - Add funds to your online savings account
STEP 4 - Complete Video KYC for your account
That's it! Once your Video KYC is complete, you can enjoy a higher transaction limit, lifetime validity & unrestricted account access, and many more features on your IndusInd Bank Online Savings Account.Â
What are the documents required to open Savings Account online?
All you need is:
 - Aadhaar Card
 - PAN CardÂ
 - Mobile number linked to Aadhaar
Click here to apply for a bank account online.
How can I open a savings account offline?
For the offline procedure, you can open a savings account easily by visiting the nearest bank branch.
What are the various types of Savings Accounts offered by IndusInd Bank?
What are interest rates on savings accounts?
How is the interest rate on an online savings account calculated?Â
Here’s an example to help you understand the concept better: If the interest rate on a savings account is 5%, and you have Rs. 1,000 in the account, you'll earn Rs. 50 in interest for the year. The interest is typically compounded. It means you can earn interest on the interest that you've already earned.Â
IndusInd Bank offers a variety of savings accounts to meet the needs of various types of customers. You can choose an account that suits you best by entering these details:
- Your age (minor, adult, senior citizen),
- Your monthly income, andÂ
- Services you want. For example, free ATM transactions, offers on dining, travel or more.
While opening savings accounts online, you can select from the following variants offered by IndusInd Bank:
Regular Savings Account | Special Savings Account | Premium Savings Account |
---|---|---|
Indus Privilege | Indus Delite | PIONEER Banking and Wealth Management |
Indus Privilege Max | Indus Multiplier Max | Indus Grandé |
Indus Classic | Indus Diva Women | Indus Exclusive |
Indus Digi Start | Indus Senior Citizen | Indus Partner |
Indus Maxima | Indus Young Saver | Indus PROgress |
Indus Small | Indus 3-in-1 Account | Indus Select |
Indus Easy | Â | Â |
When you deposit money into a savings account, you earn interest on that money over time. The percentage at which this interest is calculated is known as the savings account interest rates.
You can check this link for the latest interest rates that IndusInd Bank offers.
What is compound interest on a savings account?Â
As per the compound interest on a savings account, the interest earned is added to the principal amount. The interest for the next period is calculated on the original principal amount plus the interest earned on it. This means you earn interest on your initial deposit and on the accumulated interest.
Suppose you have Rs. 10,000 in a savings account that pays an annual interest rate of 5% compounded quarterly. After the first quarter, your account balance would be Rs. 10,125, which is the original Rs. 10,000 plus interest of Rs. 125. In the second quarter, the interest would be calculated at Rs. 10,125, not just the original Rs. 10,000. Therefore, the interest earned would be Rs. 127.03, which is slightly more than the interest earned in the first quarter because you are now earning interest on Rs. 10,125. This process repeats every quarter, and the interest earned keeps increasing due to the compounding effect.
Compounding interest on a savings account can help your savings grow faster over time.
When is interest credited to the Savings Account?
Interest rates are calculated and paid out quarterly. The interest earned depends on the balance in your account and the interest rate offered by the bank.Â
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