IndusInd Bank
IndusInd Bank is a universal bank with more than 2.5 crore customers, over 5,000 distribution points, and approximately 2,000 branches throughout the country. The bank offers a comprehensive range of products and services for individuals and corporations. IndusInd Bank is a preferred banking partner for several government institutions and public sector undertakings.
The name 'IndusInd' Bank was inspired by the Indus Valley Civilisation and was founded in 1994 by Srichand P Hinduja. The bank’s representative offices are located in London, Dubai, and Abu Dhabi. It serves as a clearing bank for the BSE and NSE, in addition to India’s major commodity exchanges, such as the MCX, NCDEX, and NMCE. IndusInd Bank provides a host of financial products and services like loans, credit cards, debit cards, deposits, savings accounts, etc.
Products Offered by IndusInd Bank
Some of the products offered by IndusInd Bank are mentioned below:
Accounts
IndusInd Bank offers various accounts designed to meet diverse requirements. Some of the accounts offered by IndusInd Bank are listed below:
- Saving Account: IndusInd Bank offers different saving accounts with exclusive benefits and privileges. You have the option to apply for a saving account online.
- Salary Account: The salary account offered by IndusInd Bank comes with value-added services such as discounts, unlimited ATM withdrawal, complimentary insurance, and more.
- Current Account: IndusInd Bank offers a host of features and benefits under the current account like free NEFT/RTGS/IMPS, auto sweep deposit, etc.
Deposits
Some of the deposits offered by IndusInd Bank are as follows:
- Fixed Deposit (FD): IndusInd Bank offers fixed deposits with multiple tenure options and attractive interest rates. You can easily book a fixed deposit online.
- Recurring Deposit (RD): You can open a recurring deposit with IndusInd Bank with an amount as low as Rs.500. The tenure of the scheme ranges from 12 months to 120 months.
- Deposit Plus Account: The Deposit Plus fixed deposit is a monthly interest payment plan with a lower interest rate than the normal fixed deposit rate.
Cards
Here are some of the card services offered by IndusInd Bank:
- Credit Card: IndusInd Bank’s credit cards offer various features and benefits like discounts, cashback reward points, complimentary lounge access, etc. You can easily apply for a IndusInd Bank credit card online.
- Debit Card: You can choose from a variety of debit cards based on your needs. Complimentary lounge access, reward points, and dining offers are some of the benefits offered by the IndusInd Bank debit card.
Loans
IndusInd Bank offers various loan schemes, some of which are listed below:
- Vehicle Loan: IndusInd Bank offers vehicle loans with flexible repayment period, competitive interest rates, quick loan processing, etc. You can apply for a vehicle loan with IndusInd Bank online.
- Home Loan: Avail home loans with minimal documentation and attractive interest rates.
- Personal Loan: Personal loans with simplified documentation, faster processing, and flexible tenures ranging from 1 year to 6 years are offered. No collateral is required for a personal loan application.
- Gold Loan: IndusInd Bank offers gold loans up to Rs.20 lakh for tenures ranging from 3 months to a year. Avail benefits such as minimal documentation and instant disbursal.
- Agri Loan: Indus Kisan is a direct agri-funding scheme that helps farmers meet their short-term and long-term financial requirements. The bank offers competitive interest rates and a tenure of 5 years on this loan scheme.
- Loan against Property: You can meet your personal or business requirements with IndusInd Bank’s loan against property. A repayment period of 15 years is offered on this loan.
Investments
Here are some of the investment schemes offered by IndusInd Bank:
- Mutual Funds: IndusInd Bank offers mutual funds to help you invest and plan for all of your investment objectives. You can invest in more than 1,000 schemes from the first day.
- Sovereign Gold Bond: IndusInd Bank’s sovereign gold bonds (SGB) allow you to invest in gold without having to worry about storage or security. You can apply for an SGB through IndusInd Bank net banking.
- National Pension System: The National Pension System (NPS) is a defined contribution pension scheme in which the subscriber makes regular contributions to their account. An NPS account can be opened via IndusInd Bank online.
Digital Banking Services
Given below are some of the digital banking services provided by IndusInd Bank:
- IndusNet: A variety of financial services can be availed from the comfort of your home. With IndusNet, transferring funds, paying bills, and booking deposits can be done easily.
- IndusMobile: IndusMobile allows you to send money, pay bills, and check your account balance at your convenience.
- WhatsApp Banking: Register to receive updates about your latest three transactions, account balance, rewards points, etc.
- IndusAssist: IndusAssist is a chat-based Virtual Assistant that allows you to make transactions as well as solves your queries.
FAQs on IndusInd Bank
- How can I apply for an IndusInd Bank credit card?
You can apply for an IndusInd Bank credit card by visiting the bank’s official website. You can also apply by contacting IndusInd Bank’s 24-hour helpline number at 1860 267 7777.
- How to activate my IndusInd Bank credit card?
Your card is pre-activated for domestic PIN-based transactions. You can start using your card by setting a PIN via IndusMobile or IndusNet.
- Can I apply for Sovereign Gold Bond online?
Yes, you can apply for Sovereign Gold Bond online via IndusNet.
- What are the tenures offered on IndusInd Bank fixed deposits?
The tenures offered on IndusInd Bank fixed deposits range from 7 days to more than 5 years.
- Can I open an IndusInd Bank recurring deposit in joint names?
Yes, you can open an IndusInd Bank recurring deposit in joint names.
- What happens if I do not pay my RD instalment?
Unpaid instalments are subject to a penalty of Rs.1.50 every Rs.1000 each month. Your RD account will be closed if you fail to pay six consecutive instalments.
- What are the tenures offered on IndusInd Bank car loans?
The tenures offered on IndusInd Bank car loans range from 1 to 5 years and can be extended up to 7 years at the bank's discretion. The tenure for used cars may range from 1 to 4 years and can be extended up to 5 years.
- Does IndusInd Bank offer a part pre-payment facility on personal loans?
No, the personal loan must be prepaid in whole or maintained for the specified period of time.
- How to register for IndusNet?
To register for IndusNet online with your debit card, you need to visit the official website of IndusInd Bank. You can also do registration by contacting the bank’s customer care or by visiting your nearest IndusInd Bank branch.
- What should I do in case my IndusInd Bank debit card is stolen?
If your IndusInd Bank debit card is stolen, it must be blocked by sending ‘LOST DDMMYYYYY’ to 9223512966 from your registered mobile number. Alternatively, you can block your debit card by phone banking at 18602677777.
Disclaimer
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