Indian Bank Savings Account

Tenure	Interest rates for general citizens	Interest rates for senior citizens
7 – 14 days	4.25	4.75
One year	4.75	4.75
2-4 years	5.00	5.25
5-6 years	5.10	5.14
Ten years	1.15	5.24

Indian Bank Savings Account

For specific customer classes, Indian Bank provides a variety of savings account items. To open a savings account with Indian Bank, you must have a minimum balance of Rs. 250 for non-cheque transactions and Rs. 500 for cheque transactions. A savings account will yield high returns of up to 3.75 per cent. Create online savings account with Indian Bank right away. There are internet banking and mobile banking open. Secure deposit lockers, as well as nomination, are available at Indian Bank.

Indian Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest.

It offers a savings account that is tailored to the needs of particular consumer groups and meets their needs. For example, it has Premium savings account for its high-end customers and minor savings account for children under the age of 18.

Features and Benefits of Indian Bank Savings Account

Benefits of Indian Bank saving Account are as follow:

• Indian Bank offers an interest rate on saving account in the range of 3.50% to 3.75%.
• The interest rate on a savings account at Indian Bank ranges from 3.50 per cent to 3.75 per cent.
• For non-cheque operations, a balance of Rs. 250 is required, and for cheque operations, a balance of Rs. 500 is required.
• The Indian Bank savings account can be transferred to any other branch without changing the account number.
• There is also a safe deposit locker and a nomination service.
• The Indian Bank savings account can be linked to a Multi Option Deposit account to earn higher term deposit interest on excess funds.
• It offers a variety of debit cards to fit the needs of account holders.
• Internet banking and missed call banking are two of the banking services offered by Indian Bank.
• Individuals may also use the mobile banking programme, which includes interbank mobile payment services (IMPS), utility bill payments, mobile recharges, inquiry and statement requests, and cheque book requests.

• Passbook service is free of charge.

Indian Bank Savings account Charges

Product	Minimum balance	Interest Rate	Non Balanace Maintenance charges
Savings Bank Account	Non-cheque operations cost Rs.250, while cheque operations cost Rs. 500.	3.50% – 3.75%
Account SB Gold		4.00% – 4.00%
Silver Account with SB		4.00% – 4.00%
SB Power Account for Achievers		4.00% – 4.00%
SB Account for IB Smart Kids		4.00% – 4.00%
Khata Vikas Savings		4.00% – 4.00%

Indian Bank Savings Account Products

Indian Bank provides a variety of savings account options for various purposes.

The following are some of the most common Indian Bank savings products:

Bank Savings Account At Indian Bank ATMs, transactions are free, and at other banks’ ATMs, transactions are free up to five times.

Characteristics:

On interest received on an Indian Bank Savings Deposit, there is no TDS.

Indian Bank offers 50 free withdrawals every six months. Indian Bank provides a variety of services. All branches provide internet, email, and phone banking services.

Eligibility requirements:

Residents of Indian country who are 18 years of age or older may open a single or joint account. A savings bank account may also be opened by an illiterate individual, a blind person, a HUF, Associations, Clubs, Institutions, Agencies, Societies, Trusts, and Government Departments that have been approved by the RBI.

Indian Bank Savings Account Welcome Kit

After7–8 working days from the date of opening a specific savings account, Indian Bank mails a Welcome Kit containing a personalised cheque book and ATM card to the customers’ postal address chosen for correspondence.

FAQs

Is it possible to open an Indian Bank account online?

Individuals can also open a savings account with Indian Bank online. Individuals can open both an Insta and a digital savings account.

What is the minimum balance for savings account with an Indian bank?

With Indian Bank saving account goods, the minimum balance requirement is different.

For non-cheque operations, a minimum balance of Rs. 250 is required, and for cheque operations, a minimum balance of Rs. 500 is required.

Why Indian Bank savings account is the best?

Indian Bank offers a range of different savings account options. These accounts have been created specifically for a specific group of people. Individuals can compare interest rates, minimum account criteria, and available features to find the right option for them.

Is it possible to open an Indian bank account with no money in it?

To open a savings account with Indian Bank, you must have a minimum balance of Rs. 250 for non-cheque transactions and Rs. 500 for cheque transactions. Non-balance maintenance charges are imposed on someone who does not achieve the minimum balance.