What is an Indus Young saver savings account?

Indus young saver is a savings account for minors or Children specifically designed to inculcate the habit of saving among children and teach them how to save money wisely.

What is the procedure to open a minor savings account?

IndusInd Bank savings account for minors can be opened with the help of a guardian. Please contact your nearest IndusInd Bank branch for details.

Is Indus Young Saver Savings Account a joint or custodial account?

If the minor’s age is 10 years or more, the bank account for minor can be opened by the minor or it can be opened as an “Under Guardian” account, in which case the parent will be the account's operator.

What are the benefits of opening an Indus Young saver account?

When you open the account, your child will receive a customised debit card that can be used to withdraw money or shop online as well as a personalised cheque book for easy offline payments.

Is there any fee or charges applicable on the account?

A certain fee or charges may be applicable on this savings account for minors that will be disclosed by IndusInd Bank upfront.

What is the age criterion for opening Indus Young saver savings account?

You can open this Children’s savings account for a child above the age of 10.

Open Savings Account for Minors, Minors Account with Zero Balance

Overview

Take the first step to plan for your children’s future with us. Open Indus Young Saver Account, a Customised savings account for minors designed especially for your little ones. A bank account for minors, Indus Young Saver Account has been designed to meet the changing needs of today’s youth while inculcating the habit of saving in children and teaching them how to manage their money wisely.

Start them Young

An account exclusively for your kids

Customised Debit Card

to help teach your kids the nuances of saving & financial planning

Customised Cheque Book

Features

Summary

Indus young saver, the bank account for minors comes with unique features to make sure that you make the most out of the account:

Get a customised Debit Card loaded with features for your child with Young Saver Account the Savings Account for Minors and Children.
Cheque book for your child to provide them with a convenient method of offline payments.

Recommended Debit Card for Minor Savings Accountt

VISA Gold Debit Card

Rs 1,000 worth Annual Reward Points*

Account Dependent Issuance/Annual Fee

Rs 50,000 ATM Limits

POS Limits: Online Minor Account Opening

Rs 1,00,000 POS (Point-of-Sale) Limits

*on monthly spends of Rs 35,000/-

Click here to know more.

Fees & Charges

When you sign up for our Savings Account , certain fees and charges may be applicable. The charges on opening account for minors are nominal, transparent and disclosed by IndusInd Bank upfront so that you know what you are paying or being charged for.

Please click here to see the detailed Schedule of Charges levied on Indus Young Saver, the bank account for minors.

Please click here for Savings Account T&C.

Eligibility Criteria of Minor Account Opening

The Indus Young Saver Account can be opened in the minor's name, either-

As an "Under Guardian" account, where the parent shall be operating the account
By the minor himself/herself, if the minor's age is 10 years or more

Contact

This Savings Account variant for Minors is available to be opened under Guardianship, kindly contact nearest Branch for details.

FAQs

What is an Indus Young saver savings account?

Indus young saver is a savings account for minors or Children specifically designed to inculcate the habit of saving among children and teach them how to save money wisely.
What is the procedure to open a minor savings account?

IndusInd Bank savings account for minors can be opened with the help of a guardian. Please contact your nearest IndusInd Bank branch for details.
Is Indus Young Saver Savings Account a joint or custodial account?

If the minor’s age is 10 years or more, the bank account for minor can be opened by the minor or it can be opened as an “Under Guardian” account, in which case the parent will be the account's operator.
What are the benefits of opening an Indus Young saver account?

When you open the account, your child will receive a customised debit card that can be used to withdraw money or shop online as well as a personalised cheque book for easy offline payments.
Is there any fee or charges applicable on the account?

A certain fee or charges may be applicable on this savings account for minors that will be disclosed by IndusInd Bank upfront.
What is the age criterion for opening Indus Young saver savings account?

You can open this Children’s savings account for a child above the age of 10.