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IndusInd Bank Savings Account Interest Rate, How to Open an IndusInd Bank Savings Account?

Check out the detailed information about Savings accounts opening in IndusInd Bank that offers a competitive interest rate ensuring optimal returns for your savings.

by Swetha P

Updated Apr 02, 2024

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IndusInd Bank Savings Account Interest Rate, How to Open an IndusInd Bank Savings Account?

IndusInd Bank Savings Account Interest Rate:

IndusInd Bank savings accounts offer competitive interest rates to assist customers with benefits for maximizing their savings. Based on the daily maintained balance in the IndusInd Bank savings account these rates of interest may vary. As of February 6th, 2024, Savings balances up to Rs. 1 Lakh interest rate is 3.50% per annum.  

The rates increase progressively when the balance exceeds Rs. 1 Lakh, and reach up to 6.75% per annum for a minimum balance above Rs. 25 Lakhs. IndusInd Bank's Interest rate ensures customer earns a higher savings growth in return.

Savings Bank Account Interest Rates -  6th February 2024

Balance Range (in Rs.) (Daily Balance)

Interest Rate (per annum)

Up to 1 Lakh


Above 1 Lakh to 5 Lakhs


Above 5 Lakhs to 10 Lakhs


Above 10 Lakhs to 25 Lakhs


Above 25 Lakhs to 5 Crores


Above 5 Crores to 50 Crores


Above 50 Crores to 100 Crores


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Documents Required to Open an IndusInd Bank Savings Account:

Firstly, you need to provide the following documents to open an account on IndusInd Bank:

  • Address Proof: The proof could be an electricity bill, telephone bill, or any other document or statement of bank account to confirm your residential address.
  • Identity Proof: This identity Proof includes your government-issued ID like an Aadhaar card and PAN card.

Ensure to have all of these documents to process and open the account. Allow account holders to start enjoying the benefits IndusInd Bank savings benefits.

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How to Open Savings Account in IndusInd Bank?

  • Opening a savings account online is a quick process at IndusInd Bank  that can be finalized in just three simple steps:
  • To open your savings account, fill out your eligibility form that is available online on the official site.
  • Fill in the required personal details to submit, and the tool will check your eligibility status and automatically display your personalized savings account options.
  • After choosing savings options, submit your online application, and you'll get an instant e-approval.
  • Then, the bank savings account department will contact you to complete the process. Later, you can track your application through messages and emails.

You can open an IndusInd Bank savings account by following these steps 

IndusInd Bank Savings Account Interest Rate, How to Open an IndusInd Bank Savings Account?
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Types of IndusInd Bank Savings Account:

IndusInd Bank offers various savings account schemes and here are some of the types of savings accounts you can choose:

Indus Exclusive Savings Account: This account comes with lifestyle concessions, a rewards program, and benefits that allow you to gain reward points with each purchase.

Indus Easy Savings Account: A basic account with many benefits and a zero balance requirement.

Indus Select Savings Account: Benefits of premium accounts such as Theft Insurance, Fire Insurance,  Air Accident Insurance, and also features other premium.

Indus Diva Savings Account:  it is designed with special features to fulfill the banking requirementsTailored for women.

Indus Classic Savings Account: Between fixed deposits and savings accounts, Offers flexibility in managing funds without maintaining a minimum balance.

Indus Small Account: Savings account with essentials of zero minimum balance and features a suitable banking experience.

Indus Maxima Savings Account: It Offers advantages like unlimited withdrawals at ATMs of other banks,  free fund transfers through RTGS & NEFT, and free debit cards for add-on accounts.

Indus Privilege Savings Account: It is a type of savings account developed for children that offers low minimum balance requirements, year-round banking at selected branches, and free Internet & Mobile Banking.

Indus Senior Savings Account: This type of Savings Account for senior citizens delivers a more convenient and comfortable banking experience.

Indus Young Saver: Suitable for minors with a zero balance requirement and a lowest deposit amount of only Rs. 11.

Disclaimer : The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.