The IndusInd Bank ePay American Express Credit Card offers a lifestyle experience with unique benefits tailored for the modern consumer. It features a rewarding points program, bonus rewards for loyalty, complimentary Zomato Gold membership, exclusive entertainment benefits, early payment cashback incentives, and enhanced security measures.

In a world where credit cards are not just payment tools but lifestyle companions, the IndusInd Bank ePay American Express Credit Card redefines the essence of a ‘rewarding’ card. This is not a mere financial instrument; it is a symbol of luxury, convenience, and bespoke rewards, tailored for discerning consumers who seek more than just transactional benefits from their credit cards.

From attractive reward points to premium memberships, cardholders enjoy an assortment of perks with the IndusInd Bank ePay American Express Credit Card. Offering a unique blend of benefits and world-class lifestyle privileges, the American Express creditcard offers exclusivity at every step of your spending journey.

Bespoke Benefits of the IndusInd Bank American Express Credit Card

1. Unique Rewards Benefit

Earn up to 10 reward points with your American Express credit card on a minimum transaction value of INR 500:

• Earn 4 reward points on the 1st to 4th transaction in a statement cycle.
• Earn 8 reward points on the 5th to 10th transaction in a statement cycle.
• Earn 10 reward points beyond the 10th transaction in a statement cycle.

These points can be redeemed for:

• IndusMoments
• Airline miles on InterMiles
• Airline miles on Vistara
• Cash Credit

2. Loyalty Bonus Rewards Program

Keep your credit card active for 11 months and earn 2X reward points on all transactions in the 12th month during the first year, for a minimum transaction value of INR 500:

• Earn 8 reward points on the 1st to 4th transaction in a statement cycle.
• Earn 16 reward points on the 5th to 10th transaction in a statement cycle.
• Earn 20 reward points beyond the 10th transaction in a statement cycle.

3. Zomato Gold Membership

Get a complimentary Zomato Gold Membership for 3 months and unlock the finest culinary experiences. Enjoy exclusive perks like:

• Unlimited free deliveries on all orders over INR 199.
• Guaranteed on-time delivery.
• Up to 30% extra discount on online orders.
• Exclusive VIP access during rush hour.
• Up to 40% off on dining partner restaurants across the country.
• Access to Zomato Legends

4. Entertainment

Enjoy a complimentary Times Prime membership worth INR 1,199 for one year on spending INR 2 lakhs in the card’s anniversary year.

5. Early Payment Cashback

Pay credit card bills within 7 days of statement generation to receive a 5% cashback annually.

6. Assurance

With the ePay American Express Credit Card, your transactions are not only convenient but also secure. The card’s one-of-a-kind ‘Total Protect’ feature covers you for:

• Counterfeit Fraud: If your American Express credit card or card details are stolen and misused to produce counterfeit cards, the bank will offer insurance to protect you.
• Air Accident Cover: The IndusInd Bank ePay American Express Credit Card offers a complimentary personal air accident insurance cover of up to INR 1 lakh.

Elevate Your Spending Experience with the ePay American Express Credit Card

Offering a splendid assortment of lifestyle and entertainment benefits, the IndusInd Bank ePay American Express Credit Card is exclusively designed for modern consumers who appreciate the finer things in life. Enjoy attractive reward points, premium memberships, exclusive bonuses, comprehensive insurance, and more with this new-age credit card. Apply today to usher in a new era of digital payment experiences.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. 

FCNR accounts provide NRIs with a secure, risk-free investment choice, offering fixed interest rates and protection from forex fluctuations. With an FCNR account, you can enjoy tax exemptions in India, along with the convenience of free and full repatriation. With high return and flexible tenure options, FCNR deposits are a favourable option for NRIs to maximise their savings and manage wealth efficiently.

When it comes to growing wealth, a safe, risk-free investment vehicle in India is a non-negotiable necessity for NRIs (Non-resident Indians). Such a vehicle assures you of a safety net against market volatility, even as your idle funds earn interest.

An FCNR (Foreign Currency Non-Resident) account checks all these boxes for NRIs, offering a safe investment opportunity to NRIs. Additionally, interest rates offered on an FCNR account in India are high and you get protection from fluctuations in foreign exchange rates. This makes FCNR deposits an attractive investment proposition for NRIs.

New-age banks such as IndusInd Bank offer flexible and lucrative FCNR deposit schemes that allow you to make the most of your foreign savings. Learn how to unlock the full spectrum of benefits associated with FCNR deposits for NRIs in this handy guide.

What is an FCNR Account?

An FCNR deposit account is a fixed-term investment option for NRIs. In essence, it works like a term deposit scheme with a fixed tenure and interest rate. This fixed deposit holds your overseas earnings in foreign currencies permitted by the bank. This means your funds enjoy immunity from exchange rate risks.

The account can be opened for a duration of 1 to 5 years, with premature withdrawals attracting a penalty. However, if you liquidate the deposit before the completion of a year, no interest is payable.

Benefits of FCNR Deposits

Here are six benefits of investing in these rewarding instruments.

1. Risk-free Investment for NRIs

An FCNR deposit for NRI is akin to a fixed deposit, wherein the applicable interest rate remains fixed throughout the tenure. Since this rate is not dependent on market conditions, an FCNR account is a risk-free proposition for NRIs.

2. Immunity from Forex Fluctuations

Since FCNR deposits hold your savings in foreign currency, your funds do not go through currency conversion. Upon maturity, you receive the principal and interest in the original foreign currency. This protects your funds from foreign currency fluctuations, which can sometimes undermine returns.

3. Tax Exemption in India

The interest earned on an FCNR account is exempt from tax in India. However, it might be taxable in your country of residence. It is recommended you consult a tax advisor to understand your overall tax obligation.

4. Repatriation of Funds

Both the interest and principal on your deposit are freely and fully repatriable. This means you can easily transfer money from your deposit to your resident country account.

5. Compounded Returns

IndusInd Bank compounds the interest rate on the deposit on a half-yearly basis. This makes an FCNR deposit decidedly more attractive for NRI investments.

6. Multiple Currencies

IndusInd Bank allows you to book an FCNR account in six international currencies: USD, GBP, AUD, JPY, CAD, and EUR.

Unleash the FCNR Account Advantage with IndusInd Bank

Offering attractive returns, tax-free interest, and protection against forex fluctuations, FCNR deposits are a smart choice for NRIs looking to maximise their savings and manage their wealth effectively.

IndusInd Bank’s rewarding FCNR deposit schemes come with attractive interest rates and flexible tenures, allowing you to effectively grow your savings in a foreign currency. Moreover, with convenient repatriation facilities and compatibility with multiple currencies, IndusInd Bank’s FCNR accounts make it easy for NRIs worldwide to save, grow, and move money.

Learn more about IndusInd Bank’s FCNR deposits for NRIs here.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. 

RBI’s FEMA regulations restrict NRIs from using traditional savings accounts and mandate the use of specialized NRE accounts to manage foreign income in India. Unlike regular savings accounts, the NRE account allows foreign currency deposits, full and free repatriation of funds, and is tax-free. With IndusInd Bank’s hassle-free, easy online savings account, NRIs can manage their NRE savings accounts from anywhere in the world.

A savings account is key to managing personal finances effectively. It offers a secure place to park your money even as it allows you to earn an attractive interest on it. Being highly liquid, a savings account allows individuals to access funds as and when they should need to. A Zero Balance Savings Account further enhances this flexibility by not requiring a minimum balance, making it ideal for those seeking easy access without maintenance concerns. However, for Non-Resident Indians (NRIs), a traditional savings account is not an option they can avail of.

The Reserve Bank of India (RBI)’s Foreign Exchange Management Act (FEMA) restricts NRIs from using resident bank accounts. NRIs need specialized Non-Resident External (NRE) savings accounts to enjoy the benefits of a regular savings account along with the repatriation of funds.

What is an NRE Savings Account?

NRE savings accounts are specialized rupee-denominated bank accounts designed for NRIs to deposit their earnings in a foreign currency. These accounts, maintained in INR, are fully repatriable, allowing both the principal and interest amount to be transferred outside the country without any restrictions.

NRE account holders can also make physical foreign currency deposits during a visit to India through cash, bank drafts, personal cheques, or travellers’ cheques. Funds held in an NRE account can be withdrawn for local disbursements, equity investments, remittances outside India, buying immovable property, or transfers to another NRE or Foreign Currency Non-Resident (FCNR) account. 

Additionally, the interest earned on these accounts is fully tax-free under Section 10(4)(ii) of the IT Act.

Difference Between NRE Accounts and Savings Accounts

Key Features of IndusInd Bank NRE Savings Accounts

IndusInd Bank presents an NRE account packed with an array of attractive features, making it the best NRE savings account in the country:

• Low Minimum Balance Requirements

IndusInd Bank’s NRE account has a low average quarterly balance requirement of INR 10,000 for A and B category branches and INR 5,000 for C and rural category branches.

• International Debit Card

Access your NRE account from India or abroad anytime with a global debit card.

• Free Cheque Book

Use your chequebook for transactions in India without any extra charges.

• Omnipresent Banking

 Avail of the best-in-class digital banking experience through a multitude of channels – net banking, mobile banking, video branch, and WhatsApp banking.

• High Interest Rates

 Enjoy high NRE savings account interest rates

• Repatriate Funds

 Both the principal and interest amounts are fully and freely repatriable.

Manage Your Foreign Earnings in India Conveniently with IndusInd Bank

NRE accounts are the gateway to managing foreign income in India without the restrictions of a traditional savings account. They provide NRIs with a secure and lucrative avenue to channel their overseas earnings, fostering seamless financial management across international borders.

IndusInd Bank’s feature-rich NRE savings account allows NRIs to manage their funds across borders with easy and free fund repatriation, competitive interest rates, omnipresent banking experience, and tax exemption. Open your account online to experience the convenience of an easier, hassle-free process from anywhere in the world.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. 

A loan against property offers an excellent way to fund significant expenses such as setting up a business, financing higher education, or paying for unexpected medical expenses. IndusInd Bank offers a loan against property of up to 80% of the value of your property, with flexible tenures of up to 20 years. Other benefits include competitive interest rates, hassle free  application process, and an overdraft facility.

In a world teeming with loan offerings, choosing the ideal option can sometimes get befuddling. As a property owner, getting a loan against property is a practical way to secure substantial long-term funds for business expansion, education, and any kind of financial emergency. With this secured loan, you get a larger loan amount, get to retain ownership of the said property, and can continue to use it as before.

The Indian loan against property market is forecast to grow at a CAGR of over 14% in value terms, to reach USD857. 87 billion by 2026. This growth forecast is a clear testament to the popularity of such a loan. One of IndusInd Bank’s customer-centric offerings is the loan against property. In this article, we shall look into the key aspects of this loan, and guide you in navigating the process without any difficulty.

What is a Loan Against Property?

Put simply, a loan against property is a financial instrument where you pledge your property as collateral for a loan. The lender – usually a bank or a non-banking financial company (NBFC) – calculates the current market value of that property to ascertain the loan amount they wish to offer. Here are some facts to keep in mind before applying for a loan against property online, or in person:

• You can pledge both residential and commercial properties
• You can borrow up to 60-80% of the property’s market value
• These loans can have a tenure of up to 20 years
• You need to ensure the property you pledge is registered in your name
• You can add a co-applicant to your loan application
• You have the option to foreclose the loan
• An overdraft facility is also available
• If the property to be pledged is owned by more than one individual, all legal owners must apply together
• Factors such as the applicant’s age, credit score, income, and employment status will have a bearing on the loan amount offered by the lender

Expedite Your Loan Approval

1. Ensure You Meet the Eligibility Criteria

IndusInd Bank has a fairly simple loan against property eligibility criteria. The following borrowers are deemed eligible:

• Individuals (salaried and self-employed professionals/non-professionals) /Proprietorship concerns
• Closely held Public Ltd. Companies (not listed on any stock exchange)
• Partnership firms
• Private Ltd. Companies

2. Organise Your Documents

Gather all the necessary documents to ensure a swift verification process. In addition to the application form, you must provide your KYC documents, proof of income, bank statements, and property documents pertaining to the property you wish to offer as collateral.

3. Fill out the Application

Make sure to fill out the application form correctly and submit the requisite documents. Your application will undergo a careful evaluation. Once approved, the loan amount will be disbursed to your account.

4. Methods of applying through IndusInd Bank

1. Apply online by entering customer details (name, mobile & city ) and a bank representative will contact you to help you complete the process.
 2. Call our phone banking number, which is available on the website
 3. Visit your nearest IndusInd Bank branch
 4. Get in touch with your relationship manager for more details

Benefits of a Loan against Property with IndusInd Bank

Get a loan against property with IndusInd Bank and avail of the following benefits:

• Extended repayment period of up to 20 years
• Financial flexibility to use the loan funds for any purpose
• Swift process, with quicker disbursal time
• Doorstep banking services and assistance
• Flexible assessment programs to give maximum loan.
• Overdraft facility- you will be given a credit limit that you can utilise during the loan tenure. Interest is applied only to the amount you use.
• IndusInd Bank offers a loan-to-value LTV ratio of up to 80%, based on the market value of your property.

Make a Smart Financial Decision

When applying for a loan against your property, the bank conducts a series of checks. They will evaluate the property’s value, your ownership status, credit history, income, and existing debts. Meeting the eligibility criteria, maintaining a good credit score, and organising the required documents beforehand can help you expedite the loan process.

Unlock the potential of your property, and fulfill your financial goals with a loan against property from IndusInd Bank. Apply online to enjoy a smooth application process, speedy processing, and quick disbursal.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.