Open savings account digitally and earn interest instantly

Posted on Friday, December 23rd, 2022 | By IndusInd Bank

A savings account is the most trusted product in both – traditional and new age backing. It’s the safest way to earn interest on your money, while keeping it handy. Savings bank account interest rate is calculated on a daily basis in accordance with the RBI guidelines. The interest rate is based on the daily maintained closing balance in your savings account. At IndusInd Bank, we offer attractive interest rates on all our savings accounts. What if we told you that you can now start earning interest on your funds instantly, without any branch visits? Though it may sound too good to be true, it is true! Let’s find out how.

A 100% digitally journey to savings account opening

The convenience of opening a savings account instantly, from the comfort of your home has resulted from the increased demand for digitized methods in response to the conditions of the Covid-19 pandemic. You can now open a savings account within minutes without visiting any branch. The 100% digital account opening journey that you will experience with IndusInd Bank savings account opening will also eliminate the stressful paperwork process that customers face in traditional banking. Meanwhile, you will still get to enjoy similar features like and benefits like attractive interest rates, onboarding offers, instant virtual debit card, whatsapp banking etc.

Open a savings account instantly with IndusInd Bank: 5 simple steps

IndusInd Bank is dedicated to making this digital journey seamless and secure.  With us, you can choose from best-in-class digital savings accounts like Indus Delite All you need is an internet connection, a smartphone and few minutes of your time to open a savings account from anywhere.

Documents needed – Just PAN and Aadhar!

The digital savings account at IndusInd Bank can be opened instantly only by using your Aadhar and PAN.

Step 1: Choose the account type

Select an account from a range of IndusInd Bank Savings Accounts that best suits your savings requirements. Our savings accounts are packed with most premium offerings in the industry and feature hand-picked cashback offers, rewards programme and other carefully curated delights you can actually use. Click on ‘Apply Now’ once you meet your match.

Step 2: Pick an account number of your choice

Click on ‘Open my Account’ and enter a mobile number which you wish to link to your account. This number will automatically become your savings account number. You can even change it to any other 10-digit number of your choice.

Step 3: Fill in the details

Once you get your mobile number verified by the OTP generation process, you will proceed to an online form. Fill in the details from the comfort of your home and proceed to funding.

Step 4: Fund your account and start earning interest

You can now add a desired amount of fund to your savings account are start earning interest instantly. Your funds will be safe and liquid, and readily available for withdrawal. Once funding is completed you can now proceed to Video KYC

Step 5: Video KYC from anywhere, anytime!

Video KYC is an automated video-based customer due diligence process. You can begin your video KYC from anywhere. When you start the Video KYC, one of our trained official will capture your live video along with your PAN Card. You may also be required to do a signature on a blank paper, a photo of which will be taken at the moment by the official and used for e-signature purposes.

Do more, live more

IndusInd Bank savings accounts offer you the freedom to make cashless transactions via debit card, online transfers via UPI, NEFT, IMPs and withdraw cash from the ATM while serving as a source of regular interest. You may even enable auto-payments for loan EMIs, insurance premiums for stress-free banking. Open an account instantly to enjoy competitive interest rates on your savings with IndusInd Bank.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.