Open Zero Balance Savings Account Online

What is a Zero Balance Savings Account?

A Zero Balance Savings Account is a type of bank account where you do not need to maintain a minimum balance. It offers the features of a regular savings account without the burden of maintaining a specified amount. A Zero Balance Account is ideal for those who want to manage their finances without worrying about penalties for low balances.

IndusInd Bank's Indus Delite Zero Balance Savings Account provides this facility along with various benefits like cashback, exclusive benefits, and easy account management.

What are the features & benefits of the Indus Delite Zero Balance Savings Account?

The Indus Delite Zero Balance Savings Account offers a range of features and benefits for your banking convenience:

• No minimum balance requirement (subject to initial funding of ₹10,000); enjoy banking without maintenance fees.
• Attractive cashback offers on purchases from top brands, fuel, dining, and entertainment.
• Exclusive deals on e-commerce and quick commerce platforms.
• Complimentary insurance coverage (included with the Delights Debit Card).
• Access to innovative services like video banking for a seamless experience.

How to instantly open a Zero Balance Saving Account?

To instantly open a Zero Balance Account online with IndusInd Bank, follow the given steps:

1. Verify your identity by entering your PAN and Aadhaar card details.
2. Fill out the online application form with the necessary information.
3. Fund your account with an initial deposit.
4. Complete the video-KYC session.

Once KYC is approved, your account will be activated. You can start banking immediately and enjoying the convenience of zero balance requirements.

IndusInd Bank has ensured a smooth, 100% online, and instant Zero Balance Savings Account opening process that you can carry out anywhere within minutes.

What is an Instant Online Savings Account?

An instant savings account is a bank account that can be opened entirely online without visiting a branch. This type of account, like IndusInd Bank's Indus Delite Savings Account, offers a paperless, digital application process. With an instant savings account, you can enjoy immediate access to banking services once the KYC process is completed. It is designed to meet the banking needs of modern consumers.

Will I get a Debit Card on opening a Zero Balance Account?

Yes, you will receive a debit card on opening an Indus Delite Zero Balance Account. However, you can also opt-in/opt-out of the debit card feature if you wish to. You can opt in for the debit card at a later stage if you had opted out earlier.

Note that there is a Debit Card Fee to be paid with the Indus Delite Zero Balance Account.

What are the documents required to open a Zero Balance Account online with IndusInd Bank?

To open a Zero Balance Account online with IndusInd Bank, you need to provide your PAN card and Aadhaar card linked to your mobile number. Additionally, you will need access to a device with a camera for completing the video-KYC process. These documents and steps ensure a smooth and secure account opening process.

How to open a Zero Balance Account without a PAN card?

To open an online Zero Balance Account, you will need a PAN card. In addition, the bank also requires an Aadhaar card linked to your mobile number during the Zero Balance Account Opening online process.

In some cases, you might be allowed to open a Zero Balance Account without a PAN card, by visiting one of IndusInd Bank branches. However, such an account comes with limited features.

Why open an IndusInd Bank Zero Balance Savings Account?

By opening a Zero Balance Savings Account online with IndusInd Bank, you can enjoy numerous benefits:

• No minimum balance requirement: Enjoy flexibility and freedom from maintenance fees.
• Attractive cashback offers and discounts: Get 5% cashback on Amazon purchases, along with exclusive 10% off on Zomato and 10% on bigbasket. Also enjoy 5% cashback on fuel, entertainment, and OTT with the Delights Debit Card.
• Complimentary movie tickets: Buy 1 movie ticket and get another free on BookMyShow with the Delights Debit Card.
• Account Number of Your Choice: Choose an account number as per your preference with the ‘My Account My Number’ feature.
• Complimentary insurance: Benefit from complimentary insurance coverage worth ₹1.5 lakhs with the Delights Debit Card.
• Innovative Banking features: Access video banking, fingerprint authentication, and more such advanced banking services.
• Easy online account opening: Quick, hassle-free process with instant access to banking services.

How to choose the best bank to open a Zero Balance Account for your needs?

When choosing the best bank to open a Zero Balance Savings Account, consider factors like:

• Fees and features: Choose a bank with low maintenance fees and attractive features.
• Online account opening: Look for an easy and 100% online Zero Balance Account opening process.
• Perks and offers: Consider banks that provide cashback, offers, and complimentary services.
• Digital banking: Ensure the bank has a user-friendly mobile app and net banking portal and offers other accessible banking services for convenience.
• Branch availability: Check if physical branches are accessible for in-person banking if needed.

IndusInd Bank's Indus Delite Savings Account offers comprehensive benefits, a smooth digital experience, and attractive cashback offers, which makes it an ideal choice.

Who is eligible to open a Zero Balance Account online with IndusInd Bank?

To be eligible for opening a Zero Balance Account online with IndusInd Bank, the applicant must be at least 18 years old and have a valid Aadhaar card linked to their mobile number. A physical PAN card is also required to complete the application process. Additionally, the applicant should have a device with a camera for the video-KYC process, which is mandatory for account activation.

What is the minimum balance required to be maintained in IndusInd Bank Zero Balance Savings Account?

The IndusInd Bank Zero Balance Savings Account, called the Indus Delite account, does not require maintaining any minimum balance. This feature allows you to enjoy full banking services without worrying about balance maintenance fees. However, an initial funding of ₹10,000 is required during the Zero Balance Account Opening online process.

Can I open an Instant Savings Account online?

Yes, you can open an Instant Savings Account online, with no minimum balance requirements, with IndusInd Bank. The Zero Balance Account Opening online process is entirely digital, paperless, and can be completed from the comfort of your home.

How Can I Convert My Indus Delite Zero Balance Account into My Salary Account?

To convert your Indus Delite Zero Balance Account into a Salary Account, simply provide your Indus Delite account details to your company's HR department to start receiving your salary in this account. Ensure that you have completed your video KYC.

What are the additional benefits of making Indus Delite your Salary Account?

When you convert your Indus Delite Zero Balance Savings Account into a Salary Account, you enjoy additional benefits such as the waiver of the Delight Debit Card issuance fee of ₹499 upon the first salary credit of ₹5,000 or more. This offer is valid for customers who request a debit card after December 22, 2023.

You can continue enjoying existing benefits like cashback offers and complimentary insurance. This makes Indus Delite an ideal choice for your Salary Account.

What are some other types of Savings Accounts offered by IndusInd Bank?

Along with the Indus Delite Zero Balance Savings Account, IndusInd Bank offers a variety of savings accounts tailored to meet different customer needs:

• Indus Select Savings Account: Designed for those seeking premium banking services, it offers exclusive privileges and lifestyle benefits, such as free movie tickets, discounts on lockers, free family accounts, and more.
• Indus Multiplier Max Savings Account: This account helps you maximise your savings with an auto-sweep facility that automatically transfers funds (above ₹20,000) into a fixed deposit to help you earn higher interest rates while maintaining liquidity.
• Indus Exclusive Savings Account: This account provides bespoke banking services, a dedicated relationship manager, cashback offers fee waivers free movie tickets, and more.
• Indus Grande Savings Account: Enjoy a dedicated relationship management team, complimentary airport lounge access and golf access, family banking services, cashback offers, and more.

For more details on IndusInd Bank’s Savings Accounts and services, you can reach out to us through our customer service or visit your nearest branch.

How do I deposit money into my Zero Balance Savings Account?

You can deposit money into your Indus Delite Zero Balance Savings Account through various methods, including:

• Online transfers using NEFT/IMPS/RTGS
• Depositing cash at IndusInd Bank branches or ATMs,
• Using mobile banking apps for instant transfers.

What are the interest rates offered on opening a Zero Balance Account?

IndusInd Bank's Indus Delite Zero Balance Savings Account offers attractive interest rates on your savings so that you can grow funds without worrying about minimum balance requirements.

The savings account interest rates are competitive and designed to help give your money the growth they deserve. So, open an Instant Zero Balance Savings Account with IndusInd Bank now!

How can I manage my Instant Zero Balance Savings Account?

You can easily track your Instant Zero Balance Savings Account through the IndusInd Bank Mobile App - INDIE. The app allows you to carry out various banking services, such as monitoring your account balance, checking transaction history, managing funds, and more.

You can also access your Zero Balance Account via WhatsApp banking, video branch services, net banking portal, and more.

How to use a Zero Balance Savings Account?

Using a Zero Balance Account is simple and convenient. You can use it to:

• Manage your funds via our various banking services.
• Give your savings the growth they deserve with our competitive interest rates.
• Link it to your UPI (United Payments Interface) ID for instant transactions.
• Book fixed deposits with IndusInd Bank.
• Earn cashback offers with selected brands and categories.
• Claim complimentary movie tickets.

Most importantly, you can operate the Zero Balance Account without worrying about maintaining a minimum balance. So, you can enjoy a flexible and hassle-free banking experience.

What are the advantages of a Zero Balance Savings Account compared to other accounts?

A Zero Balance Savings Account allows you to enjoy banking services without the need to maintain a minimum balance after account opening. While an initial funding may be required, you can continue using the account without worrying about balance-related penalties

Is a zero balance account safe?

Yes, a zero balance account is safe when opened with a regulated bank like IndusInd Bank. It offers the same level of security, encryption standards, and regulatory protection as any other savings account.

Can I open a zero balance account online without Video KYC?

Video KYC is required as part of the digital onboarding process to verify your identity securely. It is a quick and convenient step that enables fully digital account opening. You can start Video KYC with your original PAN card and account details here

(https://myaccount.indusind.com/videokyc/Optional.aspx).

Is any initial funding required to open a zero balance account?

Yes, an initial funding of ₹10,000 is required to open the account. However, once opened, you can enjoy the benefits of a zero balance account without the need to maintain a minimum balance thereafter.

Is a zero balance account available for senior citizens?

Yes, zero balance accounts can be opened by senior citizens as well. They can benefit from the convenience of no minimum balance requirements along with standard banking services.

Can a minor get a debit card with a zero balance account?

Minors may be eligible for a debit card depending on bank policies and the type of minor account opened. Typically, such accounts are opened under the supervision of a parent or guardian.

Is internet banking available with a zero balance account?

Yes, internet banking is generally available with zero balance savings accounts, allowing you to manage your account, transfer funds, pay bills, and access other services online.

Are online banking facilities available with a post office zero balance account?

Online banking facilities for post office zero balance accounts depend on India Post’s offerings. While some digital services are available, they may not be as extensive as those provided by private sector banks.

Does a zero balance savings account affect my credit score?

No, a zero balance savings account does not directly affect your credit score, as credit scores are based on your borrowing and repayment behavior.

Can I receive salary payments in a zero balance savings account?

Yes, you can receive salary payments in a zero balance savings account. It functions like a regular savings account for receiving deposits, including salaries.

What happens if my zero balance account remains inactive for a long time?

If your account remains inactive for an extended period, it may be classified as a dormant account. To reactivate it, you may need to complete a simple process such as submitting a request or performing a transaction, as per bank guidelines.