Overview
IndusInd Bank Account Opening API enables opening of Current Account(for Sole Proprietorship & Individuals) and Savings Account in IndusInd Bank.
Current Account Variants Details
The Details of the 4 Variants of Current Accounts that can be opened:-
Indus Freedom
- No minimum balance requirement.
- Free issuance of 1 cheque book in a month
- Free cash deposit limit per month at Home location – Rs 4 Lacs
- Disclaimers
- 1 financial transaction to be done in a month at ATM, Net Banking or mobile app, else Rs 600/month non-transaction charges will be levied
- Mandatory initial funding of Rs 20,000
- For more details about the variant:- [IndusInd Website Link]
Indus Tarakki
- No minimum balance requirement
- Free issuance of 1 cheque book in a month.
- Free cash deposit limit per month at Home/Non-Home location – Rs 5 Lacs
- Disclaimer
- Minimum 1 Digital Collection transaction through IndusInd Bank POS/PG/QR/UPI in a month, else Rs 600/month non-transaction charges will be levied
- Mandatory initial funding of Rs 25,000
- For more details about the variant:- [IndusInd Website Link]
Indus Premier
- Free issuance of 2 cheque books in a month
- Free cash deposit limit per month at Home/Non-Home location – 8 times of previous month AMB or Rs 10 L, whichever is higher
- Disclaimer
- AMB requirement of Rs 50,000.
- Charges for non-maintenance of Rs 50,000 AMB – Rs 1,000 per month if AMB is >=50% and <100% & Rs 1,500 per month if AMB is < 50%
- Mandatory initial funding of Rs 50,000
- For more details about the variant:- [IndusInd Website Link]
Indus Select Current Account
- Average Quarterly Balance :- Rs 1,00,000
- For more Details about the variant :- [IndusInd Website Link]
Savings Account Variants Details
The Details of the 3 Types of Savings Account that can be opened :-
Indus Delite Account
- Minimum Balance & Initial Funding Requirements
- Average Monthly Balance Requirement is Rs 0
- Zero Savings Accounts
- Initial Funding Required :- Rs 2000
- Average Monthly Balance Requirement is Rs 0
- Debit Card Available:-
- Delights Mastercard :- Fee Rs 590 (Physical + Virtual Card)
- Card Annual Fee :- Rs 500 + Taxes
- Visa Gold Card :- Fee Rs 0 (Virtual Card Only)
- No Annual Fee
- Delights Mastercard :- Fee Rs 590 (Physical + Virtual Card)
- For more Details about the variant :- [IndusInd Delite Website]
- For Schedule of Charges :- [IndusInd Delite SoC]
Indus Select Savings Account
- Minimum Balance & Initial Funding Requirements
- Average Quarterly Balance requirement is Rs 50,000
- Initial Funding :- Rs 50,000
- Debit Cards Available :-
- Visa Signature :- Fee Rs 0 (Physical + Virtual)
- No Annual Fee
- Visa Gold :- Fee Rs 0 (Virtual)
- No Annual Fee
- Visa Signature :- Fee Rs 0 (Physical + Virtual)
- For more Details about the Variant :- [IndusInd Select Website]
- Schedule of Charges :- [IndusInd Select SoC]