Gone are the days when opening a savings account meant one too many trips to the bank branch - only to stand in line and wait your turn! Now, you can open your savings account online in a jiffy. Also, you can enjoy higher interest rates on your deposits and far better banking services. So, if you're looking for a way to open a savings account hassle-free, consider IndusInd Bank's IndusInd Online Savings Account.

All About IndusInd Online Savings Account (IOSA)

IndusInd Online Savings Account is the latest financial offering by IndusInd Bank, allowing customers to open an IndusInd Savings account online in only a few minutes. IOSA is an Aadhar eKYC based account and customer don't require any physical documentation to open the account.

Also, you can deposit any amount of money in IndusInd Online Savings Account at the time of opening or later, which will be readily accessible via the Indus Mobile App. Any resident Indian aged 18 or above can open IOSA. However, they must not have any existing IndusInd Savings account.

Some salient features of the IndusInd Online Savings Account are mentioned below.

• Instant account opening using only PAN and Aadhar details
• An account number of your choice
• Option for fingerprint banking on IndusMobile
• Set your UPI and mobile banking credentials at the time of IOSA opening
• Access to WhatsApp Banking services – first of its kind!
• With IndusInd Bank saving account, interest rate you get is as high as 5.5%
• Multiple discounts on food, bills, and cab on IndusMobile's unique All-in-One store

Besides, IndusInd Bank follows a simple procedure if, down the line, you'd like to switch to a regular, full KYC account from IOSA. You simply need to visit any IndusInd Bank branch and do the physical KYC verification face to face.

The documents you'll need for KYC verification:

• A copy of PAN
• Aadhar linked to mobile number

Benefits of Opening an IndusInd Online Savings Account

Other than the instant opening of IndusInd Bank saving account, interest rate of up to 5.5%, and other Internet banking services, IOSA also offers a suite of premium benefits to customers.

1. On the Go smart banking

Paving the way for smart and secure digital transactions, IndusInd Bank offers a seamless platform via IndusMobile. You can transfer funds or check account balance on the go.

2. Free cash deposit and withdrawal of up to Rs. 2 lakhs

IndusInd Bank's IOSA allows you to withdraw and deposit up to Rs. 2 lakhs without charging any additional costs.

3. Sweep In/Out FD facility

This is a unique FD facility by IndusInd Bank that allows you to transfer funds from your FD account to any of your linked savings accounts. Yet, you don't pay any additional charges.

4. Free NEFT/IMPS/RTGS transactions on online channels

IndusInd Bank doesn't levy any charges on IMPS, RTGS, or NEFT transactions you make online.

5. Alerts for balance and transaction on WhatsApp

By registering for WhatsApp services, you can get message alerts and updates directly on your WhatsApp. Get complete details about your account balance, last three transactions, reward points, etc., on chats for round-the-clock banking.

6. Add funds from any bank

Once your IOSA is open, you can add funds to the account from any of your other bank accounts through UPI/IMPS/NEFT and your IFSC code + account number or your UPI ID.

Conclusion

As you can see, IndusInd Bank’s Online Savings Account lets you enjoy a bundle of digital services and features like no other. Simply call the credit line at 1860 267 7777 or directly apply and reserve your account number here.