Benefits of Opting for Savings Account Designed for Specific Customer Groups

Posted on Monday, May 15th, 2023 | By IndusInd Bank

Of its many Saving Account offerings, IndusInd Bank offers three unique savings accounts catering to specific customer groups, namely the Indus Diva Women’s Savings Account, the Indus Senior Citizen Savings Account, and the Indus Young Saver Savings Account. Each type of savings account is brimming with features and privileges tailored to benefit each specific customer group. 

Each person is unique and has unique spending and saving patterns. Likewise, banking needs and preferences can vary vastly from person to person. We at IndusInd Bank earnestly believe that every customer group is unique and that the banking products they choose should have features they find beneficial. Accordingly, IndusInd Bank offers specific types of savings accounts catering to specific customer groups. Each type of savings account comes with an array of features specially designed to benefit the customer group it is intended for. Three such types of savings accounts are as follows:   

• For Women: Indus Diva Women’s Savings Account   
• For Senior Citizens: Indus Senior Citizen Savings Account   
• For Minors: Indus Young Saver Savings Account 

Read on to get the complete features on each type of account, including their features and the benefits they bring to the specific customer group.   

Indus Diva Women’s Savings Account 

Packed with privileges and benefits across categories, the Indus Diva Women’s Savings Account is a one-of-a-kind women’s savings account. Designed to fulfil the unique banking needs and lifestyle aspirations of the new-age woman, this savings account comes with an array of attractive features. These are as follows:   

These features are applicable with your platinum plus debit card 

1. Attractive discounts linked to debit card on online food delivery on Swiggy worth INR 7200 in a year and groceries on Bigbasket.com worth INR 1800 in a year 
2. Irresistible offers across categories of travel, shopping, and fashion  
3. Get movie tickets with a ‘Buy 1 Get 1 Free’ offer on bookmyshow.com worth up to INR 3000 in a year.   
4. Up to 35% discount on small/medium lockers worth up to INR 3500  
5. Free insurance cover worth over INR 35.5 lakhs with your Platinum Plus Diva Debit Card  
6. Reward points upto INR 2000 in a year on shopping with your Platinum Plus Diva Debit Card  
7. Complimentary XtraSmiles points worth INR 1000 which can be redeemed on multiple brands 
8. Free Zero Balance Family Accounts with facility to group accounts of up to 2 family members, enabling extension of banking privileges to all 3 accounts while balance can be maintained through any or all the account/accounts 

Indus Senior Citizen Savings Account 

A deeply valued customer group at IndusInd Bank, senior citizens rightly deserve seamless and hassle-free banking services. The Indus Senior Citizen Savings Account is marked by a host of specially curated features aimed to provide complete peace of mind. The key features are as follows:  

• No charges on non-maintenance of minimum balance 
• Doorstep banking assistance for maximum convenience, eliminating the need to wait in queues at your Bank branch  
• Personalised account number of your choice   
• Fingerprint authentication, freeing you of the hassle of remembering multiple passwords  
• Convenience banking, ensuring maximum comfort and minimum hassle

Additionally, the salient benefits of this account are as follows:  

1. Higher interest rates on Fixed Deposits i.e. an additional 0.5%  
2. 35% off on small & medium lockers for year 1  
3. Free Zero Balance Family Accounts with facility to group accounts of up to 2 family members, enabling all 3 accounts to enjoy banking privileges while the balance can be maintained through any or all the account/accounts  
4. Great deals and offers across categories of shopping, health & wellbeing  
5. Attractive discounts linked to debit card on online food delivery on Swiggy worth INR 7200 in a year and groceries on Bigbasket.com worth INR 1800 in a year 
6. Irresistible offers across categories of travel, shopping, and fashion  
7. Get movie tickets with a ‘Buy 1 Get 1 Free’ offer on bookmyshow.com worth up to INR 3000 in a year.   
8. Reward points upto INR 2000 in a year on shopping with your Platinum Plus Debit Card  
9. Free Zero Balance Family Accounts with facility to group accounts of up to 2 family members, enabling extension of banking privileges to all 3 accounts while balance can be maintained through any or all the account/accounts.

Indus Young Saver Savings Account 

Managing money responsibly is both an art and a skill. The earlier an individual learns it, the better. Initiate your little ones into the world of banking with the Indus Young Saver Account, a savings account specially customised for minors. Thoughtfully designed to impart knowledge of banking activities in children while inculcating the habit of saving in them, this special savings account offers features like a cheque book, debit cards, etc.  

Additionally, the VISA Gold Debit Card, the recommended debit card with this minors’ savings account, comes with the following features:  

• Attractive rewards program 
• Attractive offers on Swiggy and Bigbasket 
• Limit of INR 50,000 on ATM withdrawals   
• Limit of INR 1, 00,000 on POS Point-of-Sale transactions   

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.