All posts by IndusInd Bank

IndusInd Bank offers a range of instant credit cards that cater to your unique lifestyle needs. With features like contactless payments, accelerated reward points programs, and premium travel, shopping, and dining deals, IndusInd Bank’s range of instant credit cards maximises savings on every spend.

The right credit card is a tool with benefits that extend beyond financial management. It is a companion that enhances your lifestyle while maximising savings with every spend. With an unwavering focus on customer experience and convenience, IndusInd Bank offers a variety of feature-rich instant credit cards.

Featuring a simple 3-step online application process, these credit cards redefine convenience, rewards, and privileges. Here are the best instant credit cards offered by IndusInd Bank.

1. IndusInd Bank Avios Visa Infinite Credit Card

Experience international travel like never before with the Avios Visa Infinite Credit Card.

Key features and benefits

Choose your preferred airline loyalty programme and preferred international destination
Earn milestone benefits of up to 50,000 bonus Avios per year
Discounted foreign currency mark-up of 1.5%
Earn 5 Avios on every INR 200 spent for POS transactions at your preferred international locations

2. IndusInd Bank Tiger Credit Card

The IndusInd Bank Tiger Credit Card offers accelerated reward points on every spend.

Key features and benefits

Earn up to 6 accelerated points on every INR 100 spent
Two complimentary domestic lounge visits per quarter plus two international lounge access per year with the Priority Pass
Get a complimentary BookMyShow movie ticket up to INR 500 every 6 months
Discounted foreign currency mark-up of 1.5%
Enjoy 1 complimentary golf game or lesson per quarter
Premium concierge services for event bookings, travel reservations, and flower and gift delivery

3. EazyDiner Credit Card

Savour the finest culinary experiences with the IndusInd Bank EazyDiner Credit Card, and get accelerated rewards on dining, shopping, and entertainment.

Key features and benefits

Free 1-year EazyDiner membership worth INR 2,495
Earn 10 Reward Points on every INR100 spent on dining, shopping and entertainment
Extra 25% off up to INR 1000 every time you dine out and pay via PayEazy on your EazyDiner app
Gift voucher worth INR 5,000 at the Postcard Hotel
1% fuel surcharge waiver across fuel stations in India
Two complimentary domestic airport lounge visits in a quarter
Two complimentary BookMyShow movie tickets for INR 200 each

4. Nexxt Credit Card

Experience the future of payments with IndusInd Bank’s Nexxt Credit Card. This is India’s first interactive credit card with built-in LED buttons that allow you to switch between multiple payment options.

Key features and benefits

Flexible payment options – EMI, credit, or reward points
Earn 1 reward point on every INR 150 spent
Exclusive entertainment offers
Fuel surcharge waiver
Comprehensive travel insurance

5. Legend Credit Card

The Legend Credit Card is a lifetime free card with handpicked offers and rewards to suit your lifestyle needs.

Key features and benefits

Earn 2 reward points for every INR 100 spent on weekends and 1 reward point for every INR 100 spent on weekdays
Enjoy discounted foreign currency mark-up at 1.8% on all foreign currency transactions on primary and add-on cards
Earn 4000 bonus reward points on spending of INR 6 lakhs or more in a year
Fuel surcharge waiver

6. Platinum Visa Credit Card

The IndusInd Bank Platinum Visa Credit Card features a range of lifestyle and travel benefits.

Key features and benefits

Comprehensive insurance benefits
Earn 1.5 reward points on every spend of INR 150
Complimentary personal air accident insurance cover of up to Rs. 25 lakhs

7. Platinum Aura Edge Visa/Master Credit Card

The Platinum Aura Edge Visa/Mastercard Credit Card is designed to offer world-class privileges across travel, dining, and entertainment and features special reward plans to help you save more.

Key features and benefits

Enjoy the flexibility of choosing a suitable reward plan to maximise your rewards
Convenient contactless feature
Earn up to 8X reward points on select merchant categories
Fuel surcharge waiver

8. Club Vistara Explorer Credit Card

With a convenient contactless feature and exclusive privileges, the Club Vistara Explorer Credit Card is your ticket to a grand life

Key features and benefits

World-class reward program across categories
Complimentary Club Vistara Gold membership
Zero foreign currency mark-up on all international purchases
Complimentary business class ticket vouchers on achieving milestone spends
Up to 8 Club Vistara Points per INR 200 spent

In conclusion, IndusInd Bank’s array of instant credit cards offers a wealth of benefits and features designed to elevate your financial experience. Whether you seek cashback rewards, travel privileges, or exclusive dining offers, there is an instant credit card tailored to your needs. With swift approvals and the convenience of online application, these cards are your gateway to a world of financial convenience. Apply for a credit card online at IndusInd Bank and enjoy instant approval 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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Savings Account

Zero Balance Account or Normal Account: Which to Choose & Why

October 25, 2023 IndusInd Bank Leave a comment

The choice between a standard account and a zero balance account depends on your individual financial needs, ability to maintain a minimum balance, and preference for particular banking features and services.

A savings bank account offers a secure platform for keeping your money and letting it grow steadily. Whether you are saving for the future or frequently depositing your hard-earned money, this account serves as an essential tool for managing your finances and achieving financial objectives. If you are planning to open a savings account, you have two main options – the Normal or Standard Savings Account and the Zero Balance Account. Each account type has distinctive features and benefits, which can make the decision slightly challenging. Continue reading to explore both account types and make a well-informed choice regarding which one is better for you.

What Is a Normal Account?

A normal account is a standard savings account that allows you to deposit funds and accrue interest. Generally speaking, there is a minimum balance requirement that you must maintain at all times. If your balance goes below this limit, you would incur a penalty for not meeting the minimum balance requirement. The specific minimum balance required may vary from one bank to another.

What Is a Zero Balance Account?

A zero balance account is essentially a savings account that allows you to freely use banking services without maintaining a minimum balance. This account is designed to promote financial inclusion and make banking services accessible even to those who are unable to set aside hefty savings.

Similarities & Differences Between a Normal Savings Account & a Zero Balance Savings Account

The table below highlights the similarities and differences between a standard savings account and a zero balance savings account.

*Feature*	*Normal Savings Account*	*Zero Balance Savings Account*
Rate of Interest	It is an interest-yielding account	It is an interest-yielding account
Minimum Balance Requirement	Typically varies between INR 500 a month to INR 25,000 or more	Zero balance requirement & nil charges for non-maintenance of balance
Initial Deposit Amount	A minimum deposit is required to open the account.	There is usually no deposit required. Even if initial funding is needed, it can be withdrawn as soon as the account is active
Debit Card	Availability of physical debit card for online and offline shopping	Physical debit card is usually available; some zero balance accounts come with a virtual debit card for online shopping only
Financial Transactions	There is usually no cap on financial transactions	There may be a limit on the number of free transactions in a month
Cash Deposit Limit	There is no cash deposit limit	You can generally only deposit cash up to a specific limit
Digital Banking	There is full access to digital banking	There is full access to digital banking

Normal Account vs Zero Balance Account: Which One Should You Choose?

Deciding between a normal bank account and a zero balance account largely depends on your financial situation and goals. Opt for a normal account if you can comfortably maintain a minimum balance in your account and would like access to the full suite of banking features and services. On the other hand, if you struggle to keep a minimum balance and are primarily seeking basic features like receiving payments and conducting limited transactions, a zero balance account may work better for you.

Open an Indus Delite Account – A Zero Balance Savings Account from IndusInd Bank

The Indus Delite zero balance account from IndusInd Bank is your gateway to hassle-free banking. The Indus Delite Account is perfect for students, freelancers, home-makers, young professionals, or for anyone looking for a bank account free of restrictions.

Beginning with an instant 100% digital and paperless account opening process, this zero balance account brings a host of benefits including competitive interest rate, appealing cashback offers on debit card spends, complimentary insurance, free movie tickets, and an extensive array of digital banking services for your convenience. What’s more, it even comes with an all-new ‘My Account My Number’ feature that allows you to select a personalised account number, be it your birthdate or that of your loved ones.

With so many attractive features, this zero balance account from IndusInd Bank offers maximum convenience with minimum obligation. Open an Indus Delite account today!

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Personal Loan

How Can a Personal Loan Help You Achieve Your Educational Dreams?

October 23, 2023 IndusInd Bank Leave a comment

Personal loans for education provide the financial flexibility to cover a wide range of educational expenses, offer high loan amounts, need minimal documentation, and come with flexible repayment options. These loans empower students, parents, and working professionals to pursue their educational aspirations without compromising on quality or financial stability.

Quality education can open doors to knowledge, personal growth, and promising career opportunities. It is a valuable investment that can yield a lifetime of rewards. However, the cost of obtaining a degree, whether it is a bachelor’s, master’s, or a specialised program, can often be substantial, creating a financial burden.

A personal loan for education simplifies this. It gives you the financial flexibility you need to fund your educational aspirations and advance your career.

What is a Personal Loan for Education?

A personal loan for education is an unsecured form of credit that helps you cover the expenses of your education. Unlike traditional student loans or scholarships, which may have limitations on how you use the funds, a personal loan offers the flexibility to finance various aspects of your education.

Here are some benefits of personal loans for students that make it an excellent choice:

1. Unsecured Nature

Personal loans are unsecured. This means they do not require collateral, eliminating the need to pledge valuable assets as security. Students and parents can secure these loans based on their creditworthiness and repayment capability.

2. Flexible Use

One of the key benefits of instant personal loans for students is their flexibility in use. You can use the loan amount for various education-related costs, such as tuition fees, textbooks, supplies, accommodation, transportation, and even overseas study programs. This gives you more control over how you wish to spend the money.

3. High Loan Amount

You can get an instant loan for students from INR 30,000 up to INR 5 lakhs. This can help you cover the cost of tuition and related expenses comfortably.

4. Flexible Repayment Options

Personal education loans typically come with various repayment options, allowing you to select a plan that suits your financial situation. You can also select your desired tenure, ranging from 12 to 48 months, to repay the loan comfortably.

5. Minimal Documentation

Getting a personal loan for education requires no physical documentation, you will need to provide your Aadhaar number and Pan card. This ensures a hassle-free application process, allowing you to access the funds quickly.

How to Apply for a Personal Loan for Students?

Follow these steps to apply for a personal loan for education online:

Visit IndusInd Bank’s official webpage for ‘Personal Loan for Education‘ and click the ‘Apply Now’ button.
Enter details like your PAN number, mobile number, email ID, and pin code to get started.
Verify your address details.
Check your personal loan offer and complete your video KYC.
Provide your bank account details for disbursement.

Take a Step Towards Financing Your Educational Dreams

Taking a personal loan for education is a great way to fulfil your educational aspirations without compromising on financial stability. It provides the flexibility to cover a wide range of educational expenses without pledging any collateral. Moreover, you can enjoy better interest rates and repayment options to repay the loan comfortably.

Apply today with IndusInd Bank and unlock your academic dreams.

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Personal Loan

Five Key Considerations When Applying for Your First Personal Loan

October 21, 2023 IndusInd Bank Leave a comment

Assessing your financial needs, reviewing your credit score and evaluating the interest rates are essential factors to ensure a smooth and successful loan application process.

Applying for a personal loan for the first time might seem somewhat confusing. Whether you need money for a medical emergency, to pay off debts, renovate your home, or finance a wedding, a personal loan can offer the financial flexibility you need.

However, before you begin the application process, it is essential to comprehend certain key factors to ensure you secure the best possible loan terms. Read on to discover the five most important factors to keep in mind when you apply for a personal loan. Having a clear understanding of these factors will enhance your financial decision-making and chances of loan approval.

Five Important Things to Know Before Applying for A Personal Loan

Evaluate Your Financial Needs	A clear understanding of your financial objectives will help you choose the most suitable loan type, and the right amount to apply for.
Consider the Loan Tenure	The tenure of your loan will impact your monthly instalment and the overall interest rate. If you choose a longer tenure, your monthly payments will be lower, but you will end up paying more interest. However, a shorter repayment tenure will result in larger monthly payments, but will save you money on interest. Select a tenure that supports your financial situation and ensures your overall financial well-being.
Evaluate Interest Rates & Other Charges	The interest rate is a crucial aspect in determining your overall loan cost. It is influenced by various factors, such as your income, credit history, and employment. Lower interest rates coupled with a well-planned strategy can result in more affordable EMIs. Pay attention to any additional fees imposed by lenders, such as processing fees or late payment penalties, as these can increase the overall loan cost.
Check Your Credit Report	Lenders use your credit score to assess your creditworthiness and the interest rate you will be offered. A credit score of 700 or higher is considered favourable and improves your chances of obtaining a personal loan with the best possible terms.
Credibility of the Lender	It is essential to thoroughly assess the credibility of the lender. Conduct research on their reputation, read customer reviews, and check if they are licensed by the relevant authorities. A reliable lender will offer competitive interest rates and flexible loan terms to ensure you have a favourable borrowing experience.

Get a Personal Loan Online from IndusInd Bank

Opting for a personal loan from IndusInd Bank offers a range of benefits, making it a wise financial move.

Here are some key features and benefits of IndusInd Bank’s personal loan:

No physical documentation
Quick processing and speedy disbursal
Comfortable loan tenure ranging from one to four years
Loan amounts ranging from INR 30,000 to INR 5 lacs
Low processing fees of up to 3%
Affordable interest rates starting at 10.49%

Submit your application for a personal loan with IndusInd Bank and experience swift and hassle-free approval!

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Business Loan

Reasons Why Unsecured Business Loans Are Gaining Popularity Among Businesses

October 20, 2023 IndusInd Bank Leave a comment

To grow sustainably, businesses of all sizes and types require easy access to finance. Unsecured business loans are ideal for small businesses and startups to raise capital without pledging collateral. These loans are marked by high loan amounts, fast approvals, flexible repayment terms, and an easy application procedure. IndusInd Bank provides unsecured business loans up to INR 50 lakhs with a repayment tenure of up to 48 months, which can be used to meet various business requirements.

Businesses of all sizes and types require easy access to finance for growth and sustainability. Traditionally, it has been challenging for businesses to secure a loan without pledging collateral to lenders. Unsecured business loans have stepped in to solve this issue. These loans eliminate the need for businesses to pledge collateral altogether, facilitating inclusive access to capital for businesses of all kinds. They are thus being preferred over traditional secured loans. Let’s take a deeper dive into the reasons behind the burgeoning popularity of unsecured business financing.

1. Higher Loan Amounts

One of the biggest reasons startups struggle to grow is the lack of adequate funding. If a business is not able to raise enough funds to expand, it is staring at imminent failure. Fortunately, unsecured business loans make it easy for businesses to access the funds they need in a speedy manner. Additionally, they offer adequate amounts for businesses to scale operations.

At IndusInd Bank, you can avail of a business loan amount as high as INR 50 lakhs to meet the various needs of your business.

2. Fast Approval Time

Just as adequate funding is critical to the growth of a business, so is timely access to the required capital. If a business is not able to raise adequate funds in time, it may flounder down the road. Today, unsecured business loans feature speedy processing time, making way for businesses to get timely access to funding.

3. No Collateral Requirement

One of the simplest reasons behind the popularity of unsecured business loans is that they do not require borrowers to put up any collateral. This can be a significant advantage for fledgling businesses that wish to grow rapidly and do not have any valuable assets to pledge.

4. Flexible Repayment Terms

Unsecured business loans offer flexible repayment terms, becoming financially easy on borrowers. IndusInd Bank offers flexible business loan tenures stretching up to 48 months. Borrowers can choose a repayment schedule that aligns with their budget and expected cash flows.

5. Flexible Use of Amount

Unsecured business loans can be used for various purposes, such as business expansion or new acquisition, working capital requirements, inventory & equipment purchase, R&D, hiring, and marketing. The bank makes no restriction on the end-use of the loan amount which can be used howsoever the business owner deems fit for their business.

6. Easy Application Procedure

These loans feature a relatively simple application process as the lender does not need to assess the value of any collateral. At IndusInd Bank, you can apply for unsecured business loans online in a few simple steps. Alternatively, you can visit the nearest IndusInd Bank branch.

Unlock Rapid Growth with IndusInd Bank’s Unsecured Business Loans

To promote the success of your business, you must invest in sustainable growth. With an unsecured business loan, you enjoy the freedom to take a calculated risk and invest in your business’ long-term growth. IndusInd Bank supports the aspirations of businesses looking to scale with easy access to funding. Its unsecured business loans can be used to fulfil requirements such as:

Working capital
Expansion and acquisition
New inventory
Salary
Short-term cash needs
Vendor payments
Equipment purchases
Bridge funding

IndusInd Bank offers a streamlined application process for businesses seeking prompt, hassle-free finance solutions to fuel their growth. Apply for an unsecured business loanonline through the IndusInd Bank website or visit your nearest branch today.

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1. IndusInd Bank Avios Visa Infinite Credit Card

Key features and benefits

2. IndusInd Bank Tiger Credit Card

Key features and benefits

3. EazyDiner Credit Card

Key features and benefits

4. Nexxt Credit Card

Key features and benefits

5. Legend Credit Card

Key features and benefits

6. Platinum Visa Credit Card

Key features and benefits

7. Platinum Aura Edge Visa/Master Credit Card

Key features and benefits

8. Club Vistara Explorer Credit Card

Key features and benefits

What Is a Normal Account?

What Is a Zero Balance Account?

Similarities & Differences Between a Normal Savings Account & a Zero Balance Savings Account

Normal Account vs Zero Balance Account: Which One Should You Choose?

Open an Indus Delite Account – A Zero Balance Savings Account from IndusInd Bank

What is a Personal Loan for Education?

Here are some benefits of personal loans for students that make it an excellent choice:

1. Unsecured Nature

2. Flexible Use

3. High Loan Amount

4. Flexible Repayment Options

5. Minimal Documentation

How to Apply for a Personal Loan for Students?

Take a Step Towards Financing Your Educational Dreams

Five Important Things to Know Before Applying for A Personal Loan

Get a Personal Loan Online from IndusInd Bank

Here are some key features and benefits of IndusInd Bank’s personal loan:

1. Higher Loan Amounts

2. Fast Approval Time

3. No Collateral Requirement

4. Flexible Repayment Terms

5. Flexible Use of Amount

6. Easy Application Procedure

Unlock Rapid Growth with IndusInd Bank’s Unsecured Business Loans