What Indus Young Saver Account?
The Indus Young Saver Account is a children’s savings account by IndusInd Bank, designed to encourage kids to develop saving habits early. It offers features like attractive interest rates, personalized debit cards, and parental control for easy fund management.
Every parent wishes to provide the best for their children. Parents across the globe save for their children’s education expenses, medical needs, wedding expenses, and for higher studies. IndusInd Bank offers a great saving option for parents so that they don’t have to worry about their children’s financial security.
Indus Young Saver Account secures your child’s financial future as it offers a balanced portfolio of savings and investment solutions. It is a Flexi Recurring Deposit Account which gives parents the to transfer as much as they want every month instead of transferring a fixed pre-agreed amount.
Customers planning to open an Indus Young Saver Account can do it online or walk into a IndusInd Bank branch. If the customers prefer opening the account online, they will have to visit the bank’s website and select Indus Young Saver Account. The next step would be to click on the “Apply Now” button. Once the customer clicks on the “Apply Now” button, the customer will be asked to fill an account opening form which will ask for the account holder’s personal information. The customer will have to fill the form and submit it. After the form is submitted, one of the bank’s executives will get back to the customer. On the other hand, if the customer walks into a bank, he/she can fill the account opening form manually and submit it to the bank officer who will get back to the customer after verifying the details.
The following documents are required to open an Indus Young Saver Account:
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
Yes, IndusInd Bank will provide you a cheque book if you open an Indus Young Saver Account.
Yes, foreign nationals residing in India can open an Indus Young Saver Account provided they have stayed in the country for more than 180 days and have sufficient documentary proof of residence and identity.
Yes, IndusInd Bank allows you to opt for a nomination facility while opening a Privilege Savings Account.
No, the monthly e-statements are not chargeable.
The bank does not charge anything if account is close within 14 days of opening. If account is closed after 14 days and within six months, the bank charges Rs.200 or balance in the account, whichever is lower.
No, utility bill should not be older than 3 months to be used as address proof.
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