IndusInd Bank Digital Savings Account

IndusInd Bank

IndusInd Bank Digital Savings Account is a breakthrough product that combines the highest interest rate in the digital banking space (3.5% per annum) with the convenience of zero minimum balance and fully digital account opening. For the first time, customers do not have to choose between a high-interest savings account and a zero-balance digital account — IndusInd Bank offers both. The account can be opened entirely through the IndusMobile app in a completely paperless process. Using Aadhaar-based eKYC and a live selfie verification, customers can have their account active within 10 minutes. There is absolutely no requirement to visit a branch at any stage. The standout feature of this account is the interest rate. At 3.5% per annum, it matches the rate offered on IndusInd Bank's regular savings account — and surpasses the rates offered by most other banks' zero-balance accounts. For a customer maintaining an average balance of ₹2 lakhs, this translates to ₹7,000 in annual interest, compared to ₹6,000 at a 3.0% rate bank. You receive an instant virtual IndusInd Bank Rupay Debit Card upon account activation, which can be linked to any UPI application. The physical card is dispatched within 3-5 business days and provides access to ATMs and merchant outlets across India. All digital transactions — UPI, IMPS, and NEFT — are free and unlimited through the IndusMobile app. You can upgrade to a full IndusInd Bank Savings Account at any time by completing physical KYC at a branch, unlocking RTGS support, overdraft facilities, and a wider range of debit card variants. Source: IndusInd Bank official website, updated May 2026.