IND PRO – “Exclusive SB Product for Professionals”
IND PRO – “Exclusive SB Product for Professionals”
| Variants | IND Pro Silver | IND Pro Gold | IND Pro Platinum |
| Target Customers | All professionals including doctors, engineers, architects, chartered accountants, cost accountants, company secretaries, lawyers, advocates, etc. with valid membership/degree/license holders | ||
| Mode Of Operation | Single or Joint ( Professionals should be primary account holder) | ||
| Average Monthly Balance | Rs.25000/- | Rs.100000/- | Rs.500000/- |
| Free Of Cost Group Personal Accidental Insurance Coverage | Free of cost GPA coverage
GPA coverage shall be provided from next month of account opening subject to maintenance of MAB of Rs. 25000 and above |
Free of cost GPA coverage
GPA coverage shall be provided from next month of account opening subject to maintenance of MAB of Rs. 100000 and above |
Free of cost GPA coverage
GPA coverage shall be provided from next month of account opening subject to maintenance of QAB of Rs. 500000 and above |
| Debit Card | Rupay select debit card (1st year free)
Customers can enjoy the benefits of the RuPay Select Debit Card after completing three months from the date of account opening subject to maintenance of MAB for three months. customers should login to the RuPay Select Debit Card portal to access their exclusive benefits. Features of Rupay select debit card
(* subject to Terms and Conditions of NPCI/Rupay which may change from time to time). |
Customers can enjoy the benefits of the RuPay Select Debit Card after completing three months from the date of account opening subject to maintenance of MAB for three months. customers should login to the RuPay Select Debit Card portal to access their exclusive benefits.
Free Rupay Customized debit card in addition to Select Card benefits (provided in Pro-Silver Variant) woth Rs.5717.00 as under:
(* subject to Terms and Conditions of NPCI/Rupay which may change from time to time). |
Customers can enjoy the benefits of the RuPay Select Debit Card after completing three months from the date of account opening subject to maintenance of MAB for three months. customers should login to the RuPay Select Debit Card portal to access their exclusive benefits.
Free Rupay Customized debit card where benefits worth Rs.9242.00 will be provided in addition to Select Card benefits (provided in Pro-Select Variant) are as under: Features of Rupay Customized Debit Card :
(* subject to Terms and Conditions of NPCI/Rupay which may change from time to time). |
| Digital Health Checkup | NIL | Free of cost Digital Health Checkup for self and 4 family members* | |
| Locker Rent | As per Card Rate | 25% discount on rent for medium/small size locker for 1st year (subject to availability) |
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| Demat Account | As per Card Rate | Available with 1st year AMC waived off | |
| Cheque Book | 20 Cheque Leaves free per year | ||
| Cash Withdrawal | Rs.1 lakh per day across home and non-home branches | ||
| POS Limit | Rs.2 lakh per day | ||
| Auto Sweep Facility | Auto sweep facility provided over and above the threshold balance Rs.50000/- in sweep multiple of 10000/- | ||
| QR Code Generation | No Charge | ||
| POS Machine | As per Card Rate | ||
| Credit Card | Eligible, Limit subject to fulfilment of Bank’s eligibility criteria | Eligible, Rs.2.5 lakh Limit subject to fulfilment of Bank’s eligibility criteria. | Eligible, Rs.10 Lakhs Limit subject to fulfilment of Bank’s eligibility criteria |
| SMS Alert | Free | ||
| RTGS/NEFT | Free if made through Digital Channel (Internet & Mobile Banking) | ||
| Statement | Monthly e-mail statements provided free of cost | ||
| Penalty For Non Maintenance Of MAB | Charges shall be waived if customer maintains TD > Rs. 3 lakhs
In case Customer fails to maintain the MAB criteria/TD as stipulated, Standard penal charge for Savings account plus cost incurred to provide the additional benefits will be debited from account. Further if the MAB is not maintained in the account for more than 2 full Quarters, the special features will stand withdrawn and the account shall be treated as Regular Savings Account under bank standard charge structure, and all the charges incurred for value added services will be recovered from the customer |
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Frequently Asked Questions (FAQs)
Find answers to commonly asked questions about Indian Bank Savings Bank Account.
1. What is a Savings Bank Account?
A Savings Bank Account is a deposit account that allows you to securely save money, earn interest on your balance, and access banking services such as ATM, UPI, internet banking, and mobile banking.
2. Who is eligible to open an Indian Bank Savings Bank Account?
Resident individuals, minors (under applicable schemes), senior citizens, and other eligible customers can open a Savings Bank Account with Indian Bank by fulfilling the prescribed KYC requirements.
3. How can I open a Savings Bank Account with Indian Bank?
You can open a Savings Bank Account by visiting your nearest Indian Bank branch or through the online account opening facility, where available, after completing the required KYC process.
4. What documents are required to open a Savings Bank Account?
To open a Savings Bank Account, you generally need valid identity proof, address proof, PAN or Form 97, Aadhaar (where applicable), passport-size photographs, and other KYC documents as prescribed by the bank.
5. What is the interest rate on an Indian Bank Savings Bank Account?
The Savings Bank Account interest rate is determined by Indian Bank and may vary as per the applicable interest rate policy. Please refer to the latest interest rates published by the bank.
6. Is there a minimum balance requirement for a Savings Bank Account?
There are no charges for non-maintenance of minimum balance in Savings Accounts. However, premium Savings Account variants require a minimum balance to avail value-added benefits such as insurance coverage, concessions on service charges, and more. Please check the specific account type for applicable balance requirements.
7. Can I open a joint Savings Bank Account?
Yes. Indian Bank allows eligible customers to open a joint Savings Bank Account as per the bank's terms and conditions.
8. What banking facilities are available with a Savings Bank Account?
Indian Bank Savings Bank Accounts offer facilities such as ATM/debit card, UPI, internet banking, mobile banking, cheque book, SMS alerts, and fund transfer services, depending on the account type.
9. Can I open a Savings Bank Account online?
Yes. Indian Bank offers online account opening for eligible customers under applicable account schemes and KYC guidelines.
10. How is interest calculated on a Savings Bank Account?
Interest on a Savings Bank Account is calculated based on the applicable daily balance method and is credited periodically as per the bank's policy.
11. Can I convert my existing Savings Bank Account to another account variant?
Yes. Subject to eligibility and the bank's policies, you may request to convert your existing Savings Bank Account to another eligible savings account variant.
12. Why should I choose an Indian Bank Savings Bank Account?
Indian Bank Savings Bank Accounts offer secure banking, competitive interest rates, digital banking facilities, multiple account variants, and convenient access through a wide network of branches and ATMs.
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