The Benefits of Opening an IndusInd PIONEER Savings Account

Posted on Sunday, May 29th, 2022 | By IndusInd Bank

With so many types of Savings Accounts available in the market today, it can be overwhelming to choose the one that is right for you. Some Banks provide Savings Accounts with high interest rates, however might be a riskier bet to park your hard earned money with. Others don’t provide considerable returns to get excited about.

One of the best options that can provide stable returns along with liquidity is the IndusInd PIONEER Savings Account. This account not only provides liquidity and stability, but also comparatively higher returns than rest of the competition. The account also comes with top-of-the-line benefits, near zero domestic transaction charges and lifestyle privileges.

Some of the major benefits that one gets to avail of with the IndusInd PIONEER savings account.

High interest rate

One of the major factors that dissuade people from parking excess funds in savings accounts is the low interest rate that most of these accounts provide. This is not the case with the IndusInd PIONEER Savings Account. As a PIONEER savings account holder, you get to earn some of the highest savings account interest rates in the market. The account also has an Auto Sweep facility. Upon activation of this feature, excess funds above a pre-decided threshold will be auto-swept into a FD and will earn even higher interest. As and when there is a requirement, the FD will automatically break to the tune of the required amount and will be used to honor the debit instruction. This is fully automated and completely hassle-free for the customer. This means that you not only earn stable and assured returns, your returns are high enough to keep you excited.

No Transaction Charges

While you need to pay transaction charges for transferring money, when you are a PIONEER Program client, you don’t need to pay any domestic transaction charges on your savings account. Whether you are making an RTGS or NEFT transfer to any domestic account, you don’t need to pay additional charges. This has been done to ensure that your transactions are not weighed down. In addition, you also don’t need to pay any additional charges for TDS certificate, cheque books, demand drafts or passbooks.

No Charges on Non-Maintenance of Minimum Balance

Maintaining minimum balance in your savings account is usually a must. However, an IndusInd Pioneer client doesn’t need to worry about this on a day to day basis. So long as the program eligibility criteria is broadly covered at a group level by a combination of Savings and Current Account balances, FD balances and Investments, customers will not be charged for non-maintenance in individual Savings Accounts. You can find out more about the eligibility criteria here.

Enjoy Special Offers on Lockers in India

A premium savings account like that of IndusInd PIONEER not only gives better returns but also offers a number of benefits such as special offers on lockers in India. You can get access to a complimentary small locker (100% discounted) or enjoy 75% off on opting for medium sized lockers. If you prefer opening a large sized locker, you can get a 50% off.

Benefits Loaded Premium Debit Card

Your purchasing power, spending limits and transactions should never take a hit while living life king size. Hence it is our priority at IndusInd Pioneer to equip you with the top of the line Debit Card which doesn’t charge you for use at ATMs both in India or abroad and provides higher spend and ATM withdrawal limits. Nor will you be charged cross currency mark up charges for transactions in other currencies (stores or online). This is one of the Industry firsts offered by IndusInd PIONEER. We have also got your comfort and entertainment covered with complimentary Airport Domestic Lounge Access and Buy 1 Get 1 Free offer on BookMyShow in India for both movies and non movie events. While some other Banks may also be offering Buy 1 Get 1 on BookMyShow, however IndusInd PIONEER is perhaps the only one which offers this benefit for upto Rs. 1000 per movie ticket. This is truly unique and can get you high value complimentary movie tickets at luxury cinema halls. You can also get the PIONEER Debit Card in a super premium metal edition with a slightly higher initial funding value (kindly get in touch with a Pioneer Relationship Manager for the same)

Curated Benefits

Going above and beyond to ensure you get the best deals for every penny spent, a Pioneer client gets access to upfront discounts on essentials via Swiggy and BigBasket, complimentary EazyDiner Prime membership and a dedicated concierge desk.

Other benefits with IndusInd PIONEER Program

With a PIONEER savings account, you can get a plethora of other benefits such as priority service, access to PIONEER Lounges in select cities, rewards and cash backs on your spends, Complimentary Pick Up and Delivery of Documents from overseas twice a year for NRI clients, concierge service extended benefits for your loves ones, Account Number of your choice and so much more. With the IndusInd PIONEER savings account, you will be able to enjoy all these benefits while earning safe returns on your money. To know more, click here.

Parting words

A superior savings account can bring stability to your investment portfolio without compromising on your returns. With so many other benefits that these accounts provide, having some money parked in a savings account should be a no-brainer. If you are looking to earn high returns on your savings, start your PIONEER Program journey with IndusInd Bank today. Click here to know more.

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.