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From smooth & easy online application to exclusive discounts and rewards, the Indus Digi-Start savings account from IndusInd Bank offers Gen Z an excellent option for wise money management.

Generation Z is increasingly embracing innovative and tech-savvy solutions in every aspect of modern life, including banking. They are no longer dependent on traditional banks to manage their finances. Recent years have seen the popularity of online digital savings accounts that rose in response to evolving customer needs and have provided Gen Z with a convenient and flexible way to manage their money.

The Indus Digi-Start savings account from IndusInd Bank is one such innovative product that combines the ease of digital banking with the financial security of a conventional savings account, making it a desirable choice for tech-savvy Gen Z. Continue reading to learn more about this new-age savings account and what makes it a good choice for Gen Z.

Features & Benefits of the Indus Digi-Start Savings Account

Here are the key features and benefits of the Indus Digi-Start savings account:

100% Paperless & Digital Application	Opening your online digital savings account is simple with our seamless online application process. All you need to do is keep your Aadhar and PAN card handy to open your account instantly.
No Minimum Balance Required	Get all the perks of a digital savings account without the stress of maintaining a minimum balance.
Attractive Interest Rate	Enjoy a lucrative interest rate on this online digital savings account
Exclusive Discounts & Offers	Access a world of fantastic deals and discounts with your Titanium debit card.
Rewards Programme	Earn up to 1000 reward points in a year using your Titanium debit card and redeem these for exciting gifts.
Complimentary Insurance	With your Titanium debit card, you receive a complimentary insurance cover worth INR 1.5 lakhs.

Eligibility Criteria for the Indus Digi-Start Savings Account

You must fulfil the following requirements for opening the Indus Digi-Start savings account:

A valid Aadhar number linked to your mobile number
A physical copy of your PAN card
Access to a mobile phone or desktop with a camera facility

Steps To Open the Indus Digi-Start Savings Account

Follow these four simple steps to open the Indus Digi-Start savings account:

Provide a copy of your PAN and Aadhaar number connected to your mobile number for verification.
Fill out the application form with all the required details.
Complete the video-KYC process with our representative on a video call.
After your account has been set up, you can proceed to fund it.

What Makes the Indus Digi-Start Savings Account the Top Choice for Gen Z?

In addition to the host of attractive features and benefits elucidated above, the Indus Digi-Start savings account offers all the standard benefits common to other savings accounts. What is more, you get access to a diverse range of digital banking solutions – such as net banking, mobile banking, WhatsApp banking, and Facebook banking – making it easier for you to bank on the go. With this account, you can also communicate with branch executives and relationship managers on video, eliminating the need for in-person meetings.

That’s not all – you can select your own account number, be it your lucky number or your birthdate. Thanks to the All-in-One Store feature on the IndusMobile App, you could do much more than just bank – you can shop, pay bills, book a cab, and order food with ease. Finally, you can stop worrying about missing monthly utility and other bills using the e-mandate payment service which allows you to set up recurring payments.

With so many advanced new-age features, the Indus Digi-Start Savings Account is indeed a befitting account for Gen-Z individuals. Enter a world of convenience with just a few clicks. Open your Indus Digi-Start savings account today!

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.

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Credit Card

Make Your Payments in EMIs For Better Financial Management

October 26, 2023 IndusInd Bank Leave a comment

Opting for EMI payments encourages savings, provides flexible repayment tenure, and improves your credit scores, empowering you to make informed financial decisions.

Managing your finances can be challenging when you have a lot of significant expenses lined up. Whether you are looking to buy a new home or a car, or invest in higher education, these financial obligations can cause a lot of stress in your life. With rising costs and the desire for a comfortable lifestyle, it is essential to find practical solutions to keep your finances stable. Credit cards prove to be a valuable financial tool in these situations. They allow you to convert your high-value transactions into low-interest EMIs. Keep reading to learn more about the advantages of converting credit card transactions into EMIs, and how they empower you to take charge of your financial well-being.

What Is a Credit Card EMI?

Credit card EMIs offer you a convenient payment option to convert your high-value purchases into smaller, more manageable monthly payments. Instead of paying it all at once, you can choose to spread out the cost into equal monthly instalments over a specified period with a fixed interest rate. This makes expensive purchases more affordable. However, it is crucial to understand the terms associated with EMIs as they may entail some specific conditions and additional charges.

Advantages Of Converting Your Credit Card Transactions into EMIs

Simplified Repayment Process	Converting your credit card transactions into EMIs is an easy way to manage significant expenses. It reduces the risk of late payments and the stress related to them.
Financial Benefits	Opting for EMIs lets you avoid paying the entire amount upfront. Instead, you can allocate the money to your savings account and earn interest on it.
Lower Interest Rates	EMIs typically come with lower interest rates compared to standard credit card rates, making them a more financially manageable choice.
Flexible Repayment Tenure	You have the flexibility to select your preferred repayment tenure, with options ranging from 3, 6, 9 and 12 months. However, some credit card lenders extend this option for up to 36 months.
Improved Credit History	Regular EMI payments reduce the chances of missed payments, gradually improving your credit history over time, which is a critical factor for accessing credit facilities in the future.
No-cost EMI Options	Ensure your credit card is linked to merchants offering no-cost EMI options. When using your credit card to shop from these merchants, you can select a no-cost EMI plan with varying repayment options. This allows you to avoid additional charges, and spreads out your payments over time.

Apply With IndusInd Bank for a Credit Card

IndusInd Bank offers a diverse selection of credit cards, each tailored to your unique financial needs and goals. Applying for a credit card with IndusInd Bank is a hassle-free process that comes with numerous benefits:

Instant approval in three simple steps
No physical documentation
Bonus reward points on milestone spends
Lifetime fee waiver
Accumulated reward points with no expiry date
Redeem and convert reward points into cash for paying credit card dues
Waiver in fuel surcharges at all petrol stations in India
Access to free airport lounges at several domestic and international airports
Save more with attractive cashback deals and offers

Why wait any longer? Apply for a credit card online with IndusInd Bank in three simple steps and receive instant approval! Take control of your financial future today.

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Investment

What Are Fixed Deposit Receipts? What Are Its Major Components?

October 26, 2023 IndusInd Bank Leave a comment

Fixed deposit receipts serve as proof of your investment. They contain crucial information pertinent to your investment and are essential for tax filing purposes or claiming tax benefits.

Fixed deposits(FDs) are a top choice for investors worldwide, particularly for those seeking a safe and reliable means to grow their savings. These financial instruments offer a fixed interest rate for a predetermined period, typically ranging from a few days to several years. FDs ensure investors a guaranteed return on their initial investment. After depositing money in an FD account, the bank issues a fixed deposit receipt in the account holder’s name. It is a key document pertaining to FD investments that includes vital information every investor needs to be aware of. Keep reading to discover the importance of fixed deposit receipts and their key components.

What Is a Fixed Deposit Receipt?

A fixed deposit receipt is an official document provided by a bank or financial institution when you invest in an FD account. This document serves as a record of your investment and holds essential information, including your name, account number, and details about the FD scheme you have chosen. This receipt helps you keep track of your FD investments and evaluate their performance over time. It might be useful for filing taxes or claiming tax benefits.

Components Of a Fixed Deposit Receipt

The key components of a fixed deposit receipt are as follows:

Account Holder’s Name: The fixed deposit receipt displays the full name of the account holder.
Account Number: Each fixed deposit receipt is assigned a unique account number, which facilitates the tracking and management of the investment.
Deposit Amount: This is the initial principal sum invested in an FD.
Tenure: This refers to the duration of the FD investment, which can range from a few days to several years.
Interest Rate: This is the applicable FD interest rate, which determines the growth of the funds over time. The potential returns can be calculated using IndusInd Bank FD Calculator.
Maturity Amount: This represents the total amount, including both the principal and the accrued interest which you shall receive on the FD’s maturity.
Maturity Date: This is the specific date on which the FD matures, and the account holder becomes eligible to receive both the principal and accrued interest.

Important Factors to Check in A Fixed Deposit Receipt

When you receive a fixed deposit receipt, check the following things:

Auto-Renewal	Set up auto-renewal for your FD if you have a steady monthly income. This can save you time and hassle when the time comes to renew your FD.
Nominee Details	Ensure that your receipt includes all the information about your nominee. In case something unfortunate happens to you, your nominee would be eligible to collect the FD amount.
Early Withdrawal Penalties	Keep in mind that some banks may impose a fee if you decide to withdraw your FD before it matures, or within a specified timeframe. Check your receipt carefully to see if any such penalties are mentioned.
Declaration to Save TDS	If your interest income exceeds INR 10,000, the bank will deduct TDS. If you fall under the ‘no income tax’ bracket, submit Form 15G or Form 15H, and ensure that it is mentioned in your receipt.

Book An FD With IndusInd Bank

Here are some compelling reasons why you might consider opening an FD account with IndusInd Bank:

Book your FD online in three simple steps
Start with a minimum investment of INR 10,000
Get competitive interest rates starting at 7.50%
Choose a flexible tenure from 7 days to 10 years
Save on taxes with a 5-year FD
Auto-renewal option on maturity
Flexible interest payments – monthly, quarterly, half-yearly, yearly or at maturity
Instant video-KYC for hassle-free booking

Open an FD online with IndusInd Bank and watch your savings grow with time. Book now!

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Fixed Deposit

Fixed Deposit Calculators: Convenience at Your Fingertips

October 26, 2023 IndusInd Bank Leave a comment

Online fixed deposit calculators are an excellent tool for financial planning. They help you calculate your potential FD returns instantly, offering benefits such as accuracy, efficiency, and improved decision-making. All you need to do is enter the principal amount, interest rate, and desired tenure to determine your fixed deposit returns.

Fixed deposits (FDs) have long been the ideal choice of investment for securing steady returns. Offering higher returns than savings accounts and unaffected by market volatility, FDs help investors grow their wealth steadily. The key to choosing the right FD scheme is the rate of return offered. This is where online fixed deposit calculators prove to be a handy tool.

Manually crunching numbers to calculate returns and compare schemes can soon turn into a tedious task; with a calculator, you can calculate your FD returns instantly, and compare schemes to make an informed investment decision. Since an online fixed deposit calculator is an automatic tool, it is able to perform complex calculations involving a number of variables rapidly. Ultimately, this tool helps investors save time and effort in making investment decisions.

What is an Online Fixed Deposit Calculator?

An online fixed deposit calculator is a free digital tool that helps you calculate expected FD returns instantly. This tool automatically calculates the interest earned on a deposit, and the final amount you receive upon maturity. It considers parameters such as the principal amount, deposit tenure, and expected rate of return to help you understand how your deposit will grow over time. You can use this tool to experiment with different combinations of deposit amounts and tenures to identify a scheme that optimises your returns over your preferred investment horizon.

How Does an FD Calculator Make FD Investments Convenient?

Fixed deposit returns depend on several factors, such as the deposit amount, tenure, and the bank’s interest rate. With so many parameters at play, it can be complicated and time-consuming to manually calculate returns accurately. FD calculators are designed to perform these calculations with precision, helping you make informed financial decisions. Here are some features of online fixed deposit calculators that give you convenience at your fingertips.

1. Quick and Accurate Results

Manually calculating the returns on your FD is an exercise prone to errors, especially if you are considering multiple options or combinations. An online fixed deposit calculator eliminates this uncertainty. It can perform complex financial calculations with precision and generate results instantly, saving you valuable time and effort.

2. User Friendly

Online FD calculators require minimal effort to navigate. All you need to do is enter the required variables, and the calculator will automatically generate results.

3. Scenario Planning

You can use an online calculator to experiment with different combinations ,without spending hours. For example, you can instantly calculate the returns for different tenures or deposit amounts to determine the best investment strategy for your financial goals.

4. Informed Decision Making

Like any other investment, fixed deposits require thorough consideration. With reliable information at your fingertips, you can make well-informed decisions and create an investment strategy accordingly. You can experiment with different combinations of the principal amount and tenure to see how they affect your returns in real-time. This helps you set clear expectations and adjust your approach to meet your financial goals.

How to Use an Online Fixed Deposit Calculator

IndusInd Bank offers a free online fixed deposit calculator to help you determine the returns on your FD conveniently. Follow these steps to use the calculator:

Visit IndusInd Bank’s official FD calculator page.
Enter your desired deposit amount and tenure.
Click on ‘Calculate Now.’

The calculator will generate your potential FD returns instantly. If you are not satisfied with the results, you can experiment with different combinations of these variables to arrive at a more desirable value.

Financial Planning Made Convenient with Online Fixed Deposit Calculators

Online FD calculators are crucial to your investment planning, helping you determine the returns on your fixed deposits instantly. They are an excellent tool to help you compare different schemes, and aid you in tailoring your investment strategy to meet your long-term financial goals.

IndusInd Bank offers hassle-free online FD bookings. In just 3 simple steps, you can book a fixed deposit online. Open your fixed deposit with IndusInd Bank to enjoy attractive FD interest rates, flexible tenures, and a convenient investment journey.

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Credit Card

How to Apply For An Instant Credit Card In An Easy Way?

October 25, 2023 IndusInd Bank Leave a comment

Applying for an IndusInd Bank instant credit card is a quick and hassle-free process. An IndusInd Bank instant credit card comes with a bouquet of benefits, including reward points, free access to airport lounges and attractive cashback offers on shopping, dining and flight tickets among others.

The Reserve Bank of India’s statistics show that credit card usage has been steadily surging in India, with a 20% annual growth rate. In 2022 alone, the number of credit card users increased by 11 million. Credit cards provide unmatched convenience and flexibility, which are essential for managing expenses and building a solid credit history. The conventional method of applying for a credit card may be a bit of a hassle, involving a long waiting period, credit checks, and tedious paperwork. However, the banking industry has, of late, embraced a quicker and more convenient digital approach.

IndusInd Bank has taken the initiative to streamline the credit card application process even further to cater to the needs of modern customers. Keep reading to learn how to apply for an IndusInd Bank instant credit card online in detail.

Steps to Apply for an IndusInd Bank Instant Credit Card

Here is a step-by-step guide for applying online for an IndusInd Bank instant credit card:

Step 1: Visit https://induseasycredit.indusind.com/customer/credit-card/lead and fill out the required details, including your mobile number, PAN card number, email ID, and PIN code.

Step 2: After providing your details, you have to verify your address.

Step 3: Choose a credit card that best meets your needs and preferences.

Step 4: Complete your application with an instant video KYC (Know Your Customer) process.

Step 5: The card will be delivered to your address within 2-3 days.

Eligibility Criteria & Documents Needed for an IndusInd Bank Instant Credit Card

Here is a list of the general eligibility requirements and necessary documents for applying for an IndusInd Bank instant credit card:

Eligibility Criteria

Age: You must be at least 21 years of age and no older than 60
Income: You should have a minimum net monthly income of INR 20,000
Occupation: You may apply whether you are a salaried or self-employed individual
Credit Score: You must have a reasonably high CIBIL score

Documents Required

No physical documentation is required
Keep your PAN and Aadhaar number ready to speed up the application process
You must provide proof of residence if your current address differs from the one shown in your Aadhaar

Why Choose an IndusInd Bank Instant Credit Card?

Designed with your convenience in mind, IndusInd Bank instant credit cards empower you to take control of your finances. IndusInd Bank offers a range of instant credit card options, each tailored to a specific set of lifestyle preferences and requirements. Here are some of the salient benefits that come with IndusInd Bank instant credit cards:

Reward points on every purchase and bonus reward points after reaching certain spending milestones
Reward points can be redeemed or converted to cash to pay credit card bills
Option of choosing from a range of credit cards with zero joining and annual fees
Complimentary access to airport lounges at several domestic and international airports
Waived fuel surcharges at all petrol pumps across India
Attractive cashback deals and offers on shopping, flight booking, movie tickets, dining at restaurants, groceries and much more

Unlock financial freedom instantly with an IndusInd Bank credit card. Apply for an instant credit card online to get hassle-free access to credit now!

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Features & Benefits of the Indus Digi-Start Savings Account

Eligibility Criteria for the Indus Digi-Start Savings Account

Steps To Open the Indus Digi-Start Savings Account

What Makes the Indus Digi-Start Savings Account the Top Choice for Gen Z?

What Is a Credit Card EMI?

Apply With IndusInd Bank for a Credit Card

What Is a Fixed Deposit Receipt?

Components Of a Fixed Deposit Receipt

Important Factors to Check in A Fixed Deposit Receipt

Book An FD With IndusInd Bank

What is an Online Fixed Deposit Calculator?

How Does an FD Calculator Make FD Investments Convenient?

1. Quick and Accurate Results

2. User Friendly

3. Scenario Planning

4. Informed Decision Making

How to Use an Online Fixed Deposit Calculator

Financial Planning Made Convenient with Online Fixed Deposit Calculators

Steps to Apply for an IndusInd Bank Instant Credit Card

Eligibility Criteria & Documents Needed for an IndusInd Bank Instant Credit Card

Why Choose an IndusInd Bank Instant Credit Card?