IND SHAKTI – “Smart Women- Smart Banking”
IND SHAKTI – “Smart Women- Smart Banking”
| Target customers | Women customers (student /working/ homemaker/ Professional) | |
| Age Group | Only women aged 18 and above are eligible | |
| Variant Name | Silver | Gold |
| Eligible Monthly Average Balance for additional benefits (MAB) | Rs. 25000.00 | Rs. 100000.00 |
| Curated offers on Debit Card | All normal Benefits of Rupay Platinum Debit Card | Rupay Select Debit Card with Following Benefits:
Beauty & Wellness – 1 complementary SPA session or Saloon Service every quarter (worth Rs. 2970.00) Free E Gift Card worth Rs.1500 (Lakme Salon)/Year (Rs 1500) 1 Complementary Golf Session or Round every quarter (Rs. 2420.00) Health : 20% Off on Medicines + 75 NMS Super Cash on MOV of Rs. 999 (Netmeds)/per quarter 1 complementary health check up package every quarter (Rs. 1099.00) Book My Show – Flat Rs. 250 off on minimum purchase of 2 movie tickets quarterly once (Rs. 263.00) OTT – 1 complementary 12 months Amazon Prime, or Hotstar/Sony Liv membership every year (Rs. 1499.00) Myntra : Voucher worth Rs. 250/- per quarter (Rs 250.00) Dine Out/Discount on Food/Grocery Delivery : Free of cost 3 months subscription of Swiggy One (Yearly) (Rs 55.00) Travel : Free Voucher worth Rs. 100 (Ola) per quarter. (Rs 100.00) Lounge Access : 1 complementary Domestic airport lounge access per quarter and 2 international lounge per year worth Rs. 1275.00 Various other Exclusive Merchant Offers . |
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Health Insurance Coverage |
Free of cost Cancer Insurance cover of INR 5 lakh with protection of income up to Rs. 25000/- for 3 months.
(Cervical, Ovarian, Uterine (Endometrial), Vulvar, Vaginal, Fallopian Tube and Breast Cancer are covered) |
Free of cost Cancer Insurance cover of INR 10 lakh with protection of income up to Rs. 25000/- for 3 months.
(Cervical, Ovarian, Uterine (Endometrial), Vulvar, Vaginal, Fallopian Tube and Breast Cancer are covered) |
| Health Care Consultation | Free of cost unlimited Gynecologist/Other Doctor Consultation facility through a Digital Health Care Platform | Free of cost unlimited Gynecologist/Other Doctor Consultation facility through a Digital Health Care Platform |
| Personal Accident Insurance
(GPA insurance coverage shall be provided upto age of 60 years only) |
(GPA coverage shall be provided after 2 months of maintenance of stipulated MAB) |
(GPA coverage shall be provided after 2 months of maintenance of stipulated MAB) |
| ATM Debit Card | RuPay Platinum (Domestic Debit Card) | Rupay Select Debit Card |
| Discount on Locker Rent | N/A | A fixed discount of Rs. 850/- or 50% concession on locker rent, whichever is lower to be extended. |
| Sweep Facility for higher return | N/A | Sweep Facility for higher return – Balance above Rs. 1.00 Lakh in multiple of Rs. 10000/- for minimum period of 7days to 1 year. |
| NEFT Transactions. | Free of Cost unlimited NEFT Transactions (Digital Channel) | Free of Cost unlimited NEFT Transactions (Digital Channel) |
| Credit Card | Eligible
(As per extant guidelines of Retail Asset Dept) |
Eligible
(As per extant guidelines of Retail Asset Dept) |
| NET/MOBILE BANKING/ | Available. | |
| Penalty for Non maintenance of Minimum Balance | Minimum balance charges waived for domestic savings account as on 03.07.2025
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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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