Introduction

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
  • 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
  • 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
  • For more Details about the Variant :- [IndusInd Select Website]
  • Schedule of Charges :- [IndusInd Select SoC]