IndusInd Bank Small Savings Account vs HDFC Bank Savings Account

Interest Rate

4.00% - 6.00% p.a.
3.00% - 3.50% p.a.

Minimum Balance

Zero Balance Account
Rs. 10,000 for Urban branches; Rs. 5,000 for Semi Urban branches; Rs. 2,500 for Rural branches

Monthly Average balance

NIL or The balance at any point of time does not exceed Rs. 50,000
Rs. 10,000 for urban branches; Rs.5000 for semi-urban branches; Average quarterly balance of Rs. 2500 or FD of Rs.10,000 for minimum 1 year 1 day for rural branches

Features

Free access to IndusInd Bank ATMs across India for cash withdrawals, cash/ cheque deposits, VISA Credit Card bill payment, balance enquiry and mobile top-up

5 Free Domestic Other Bank ATM transactions in a month

Free funds transfer through NEFT or RTGS

Half-yearly statements, monthly statements through email

Sweep-In/Email and SMS Alerts

E-Statement

Payable-at-par Chequebook

BillPay

NetBanking and MobileBanking

ATM facility

Documents Required

* Proof of identity as per list provided from time to time

* Proof of address as per list provided from time to time

* An Account Opening Form Duly Filled

* One passport size self-attested colour photograph

* The prospective customer should visit the branch and affix his/ her signature/ thumb impression in the Account Opening Form in front of the Branch Manager or Manager Customer Service and Operations

* A filled-up application form

* Passport, Voter ID card, PAN card, Permanent Driving license, Aadhar card, NREGA job card, or ID card issued by central or state governments, PSUs, scheduled commercial banks

* Employment Proof

* Latest passport size photographs


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