A women’s savings account helps you build a safety net for trying times, accumulate funds for long-term goals, and stay on top of your budget. With exclusive perks and privileges, IndusInd Bank’s Indus Diva Women’s Savings Account helps you save more and achieve financial well-being.

As a 21st century woman, you have the power to build a rewarding career, run a successful business, and become self-reliant. But, with great power comes great responsibility, particularly financial responsibility.

It is imperative to manage your money proactively, monitor your expenses, and ensure regular savings. The stepping stone to taking control of your finances is a women’s savings account designed for your needs.

Designed to meet the banking needs of the new-age woman, women’s savings accounts offer a host of features in addition to those of regular savings accounts. Not only do they help you keep your earnings safe, but also offer special privileges, discounts, and cashback for maximum savings. What’s more, opening a savings account is a completely online process with zero physical paperwork.

How Women’s Savings Accounts Boost Financial Planning

#1 Sail through tough times

For modern women, it is crucial to save up for emergencies. This is because women frequently face specific challenges, such as the gender pay gap and potential career breaks due to family responsibilities. They also have to face more uncertainties in their career trajectory. Unsurprisingly, more women lost their jobs during and after the COVID-19 pandemic compared to men.

Financial planning with a women’s savings account allows you to build a safety net for unforeseen times.

#2 Better budgeting and cash flow management

A women’s savings account is a simple yet effective tool for budgeting and cash flow management.

With such an account, you can easily automate a portion of your income to be allocated to your savings. By monitoring your income and expenses, you get a clear picture of your cash flow and subsequent savings. Then, you can make adjustments and cut back on costs as needed.

#3 Long-term financial security

As the old adage goes, “The journey of a thousand miles begins with a single step.” By regularly contributing to your savings account, you take small steps that create a strong financial foundation for your future.

To achieve your long-term financial goals and secure your future, you need to build wealth. A savings account acts as a reservoir for funds that you can use to build wealth for retirement planning, investments, big-ticket purchases, or any other long-term goal.

#4 Privileges, discounts, and more savings

What if your savings account helped you increase your savings? Well, the right women’s savings account not only helps you park your money, but also ensures additional savings with access to feature-rich credit and debit cards, discounts on daily essentials and women’s products, and cashback and shopping vouchers.

Indus Diva – A One-of-a-Kind Women’s Savings Account

Build a solid foundation for your finances with Indus Diva from IndusInd Bank, a unique savings account for women by IndusInd Bank. Indus Diva is designed to suit the lifestyle of the modern, independent woman.

As you juggle multiple responsibilities every day, you can conveniently keep a log of your expenses and achieve better financial planning with this special women’s savings account. The salient features of this account are as follows:

• Free unlimited ATM withdrawals across the country.
• Group accounts of up to two family members and enjoy IndusInd Bank’s premium banking privileges on all three accounts.
• Enjoy free movie tickets, brand vouchers, shopping discounts, and restaurant offers among others.
• Get 35% off on small and medium lockers.
• Enjoy reward points redeemable with attractive cashback when you shop with your Platinum Plus Debit Card
• Get a complimentary insurance cover worth Rs. 35.5 lakhs on your Platinum Plus Diva Debit Card

Open your Indus Diva women’s savings account for a new-age and convenient banking experience. Featuring a hassle-free and 100% digital application process, opening an Indus Diva account involves zero physical paperwork. Apply online for your Indus Diva savings account today to enjoy a premium banking experience.

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.

IndusInd Bank’s Indus Multiplier Max Savings Bank Account offers a smart auto-sweep facility. This allows you to earn a higher interest rate without foregoing the flexibility of a savings bank account. By transferring excess funds into a deposit with a higher interest rate, this facility helps your money grows faster.

Although a simple banking product, a savings bank account is an excellent way to practice financial discipline. It keeps your hard-earned money safe, and even lets it grow, while you go about your daily life. When you need to transact, you can withdraw or transfer funds through online or offline methods.

While you do earn simple interest on savings accounts, there is an even better way to grow the money lying in your savings bank account. An auto-sweep facility helps you earn a higher-than-usual interest on your funds while allowing you to access those in an emergency.

IndusInd Bank offers a ‘smart sweep feature’ through its Indus Multiplier Max savings bank account. This is a fixed deposit (FD)-linked savings account, offering dual benefits – the flexibility of a savings account coupled with higher returns on fixed deposits.

Also Read: What is a Savings Account? How Does it Work?

How Does an Auto-Sweep Facility Work?

This facility allows your bank to transfer a sum exceeding a pre-decided limit into a fixed deposit account. These deposits offer a higher interest rate than the savings bank account, thus allowing accountholders to grow their funds faster.

The Indus Multiplier Max Savings Account comes with a ‘smart sweep’ feature wherein a balance above Rs. 20,000 gets automatically booked as a fixed deposit. This means customers earn higher interest on their earnings. Additionally, no premature closure penalty is applicable to this account.

Indus Multiplier Max Savings Bank Account

This IndusInd Bank savings bank account allows customers to multiply their savings while enjoying the dual benefits of a savings account and a fixed deposit – convenience and higher returns.

Benefits of Auto Sweep with IndusInd Bank

When you opt for the Auto Sweep facility with IndusInd Bank’s Multiplier Max Savings Account, you’re not just growing your money, but also unlocking a host of thoughtful features designed to make your banking experience smarter and more rewarding.

1. Low Minimum Balance Requirement

Account Holders can start this savings bank account with a minimum balance of just Rs. 10,000.

2. Smart Sweep Feature

The Indus Multiplier Max Savings Account offers a smart sweep feature wherein an account balance exceeding Rs. 20,000 is automatically converted into a fixed deposit in multiples of Rs. 1,000.

Additionally, whenever your account balance falls below the minimum balance threshold of Rs. 10,000, it is automatically filled up by breaking a part of your linked fixed deposit.

3. Cashback, Offers and Deals

Account holders earn attractive rewards when they shop using IndusInd Bank’s VISA Platinum Debit Card. These reward points can be redeemed as cashback. Customers also enjoy attractive offers on fashion, travel and shopping, including up to 15% off on dining in restaurants. Additionally, there is a 25% discount on lockers in the first year.

4. Complimentary Insurance

Account holders also receive a complimentary insurance cover of Rs 1.5 lakhs with the VISA Platinum Debit Card.

Make Your Funds Work for You with an Auto-Sweep Facility

IndusInd Bank’s auto-sweep facility allows you to transfer excess funds into a fixed deposit, earn higher interest, and grow your money faster. Further, if your account falls short of funds, the fixed deposit is conveniently liquidated to meet your expenses – no premature closure penalty to be paid!

To maximise your earnings, open an Indus Multiplier Max Savings Bank Account. Apply 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.