Indus Multiplier Max Savings Account - FD Linked Savings Account

What is Indus Multiplier Max Savings Account? 

Indus Multiplier Max Savings Account is a unique FD-linked savings account that offers dual benefits. It combines the flexibility of a savings account with the potential for higher returns. It features a Smart Sweep feature, where any balance above ₹20,000 is automatically converted into Fixed Deposits (in multiples of ₹1,000), yielding higher interest rates. In case of any shortfall, a portion of the FD is broken to cover the debit, with no premature closure penalty applicable.

What are the benefits of Indus Multiplier Max Savings Account? 

The Indus Multiplier Max Savings Account offers several benefits such as: 

• Smart Sweep feature for automatic FDs
• Higher interest rates on deposits
• A low balance requirement of ₹10,000
• Cashback on Platinum Debit Card spends
• Additional perks like dining discounts, complimentary insurance, and more. 

What are the documents required for opening the Indus Multiplier Max Savings Account? 

You will require the following documents to open an Indus Multiplier Max Savings Account:

• Application form, fully filled-out and with a sign/ e-sign
• KYC documents as per the bank’s policies (Aadhar Card)
• A copy of your PAN card. 

All individuals must sign the application form in case of multiple account holders. 

What are the eligibility criteria for opening Indus Multiplier Max Savings Account? 

The eligibility criteria for opening an Indus Multiplier Max Savings Account includes maintaining a minimum average monthly balance of ₹10,000. This account is available to individuals who meet the KYC requirements set by IndusInd Bank.

What is the difference between Savings Account and Indus Multiplier Max Savings Account? 

What are the fees and charges for opening an Indus Multiplier Max Savings Account?