IndusInd Bank Zero Balance Account – A Complete Guide to Features & Opening Process

Suppose you are just beginning your financial journey and you don't always maintain the minimum balance to keep your savings account active. You don't want to bother about penalties or surprise charges. 

That's where the Indus Delite Zero Balance Savings Account helps you, providing you with flexibility and convenience, Let’s see how:

• Zero Balance: No minimum balance to maintain, so no need to bother about penalties.
• Instant Opening: Open your online account in minutes using only your Aadhaar and PAN card.
• Cashback: Earn 5% cashback on fuel, entertainment, OTT, and dining (Think about spending ₹2,000 on fuel and getting ₹100 back).
• Discounts: Get a maximum of 20% discount on Swiggy and 10% discount on Bigbasket each month.
• Free ATM Withdrawals: Unrestricted free withdrawals from IndusInd ATMs ensure banking is hassle-free.

Motive of IndusInd Bank Zero Balance Account

A Zero Balance Account is ideal for dealing with finances without the anxiety of low balance charges. IndusInd Bank's Indus Delite Zero Balance Savings Account provides this service, coupled with rewards such as cashback, special offers, and easy management of the account for a worry-free banking experience.

What is a Zero Balance Account?

A zero-balance account is a kind of bank account that never has a minimum balance requirement. You can make withdrawals and deposits without getting charged an overdrawal fee for having too little money in the account. Such accounts are excellent since there is no low balance penalty, and they are simple to open online. Zero-balance accounts also have mobile and online banking, where you can do transactions without any additional fees. 

Similar to a normal savings account, they earn interest on your account balance, and you can deposit and withdraw money whenever needed. They are perfect for individuals who cannot keep a minimum balance in their accounts.

Types of Zero Balance Accounts offered by IndusInd Bank

The only zero-balance savings account offered by IndusInd Bank is the Indus Delite Zero Balance Savings Account:

Indus Delite Zero Balance Savings Account

Opening an Indus Delite Zero Balance Savings Account is hassle-free and can be completed online from the comfort of anywhere. You simply require an internet connection, an Aadhaar card, and a PAN card. It's 100% digital, paperless, and only takes a few minutes of your time to open.

Features and Benefits of Induds Delite Zero Balance Savings Account

Here’s the information about the Indus Delite Savings Account in a simpler format:

Other Benefits

• Cashback on Amazon: Earn 5% cashback when you purchase from Amazon.
• Exclusive Offers: Get up to 10% off on Zomato and BigBasket discounts every month.
• Reward Points: Earn 5% cashback on fuel, dining, entertainment, and OTT subscriptions.

How to open an Indus Delite Zero Balance Savings Account online?

1. Visit the official website of IndusInd Bank.
2. Click on ‘Accounts’ 2nd option in the navigation bar.
3. Click on ‘Know More’ under Zero Balance Savings Account.
4. Click on the ‘Apply Now’ option.
5. Enter your mobile number and bank account number, and click on ‘Continue.’
6. Enter the OTP received on your registered mobile number and click on ‘Proceed.’
7. Verify your identity by entering your Aadhar card and PAN card details.
8. Fill in all the information carefully.
9. Complete Video KYC for identity verification.
10. Deposit ₹10,000 to activate the account.

How to open an Indus Delite Zero Balance Savings Account offline?

If you want to open an IndusDelite Zero-Balance Savings Account offline, you can go to an IndusInd Bank branch. Here is a quick step-by-step guide:

1. Collect the Documents Required

• Aadhaar Card: To establish your identity and address.
• PAN Card or Form 60: For income tax identification purposes.
• Address Proof (Optional): Such as utility bills (electricity, telephone), or bank statements.
• Passport-sized Photograph.

2. Go to an IndusInd Bank Branch

• Visit the closest IndusInd Bank office.
• Request to meet with a bank representative or manager to initiate account opening.

3. Fill Out the Application Form

• Fill in the account opening application form with your details.
• Ensure all the information is accurate.

4. Submit the Documents

• Hand over your documents and a new photo to the bank representative.
• Your documents will be checked by the bank.

5. Complete the KYC Process

• You might be required to undergo the Know Your Customer (KYC) process.
• You might be asked to produce original documents or scanned copies.

6. Account Opening & Activation

• After your documents are checked, your account will be opened.
• You will be sent your account details and an account kit by post or email.
• Now you can fund your new zero-balance savings account.

Eligibility

• You should be above 18 years of age.
• You should have a valid Aadhaar registered against your mobile number and a physical PAN card.
• You need a device with a camera for video KYC.

Fees and Charges

Here's the information about the fees and charges for the Indus Delite Zero Balance Savings Account from IndusInd Bank:

How to Manage Your Account

• Utilise the IndusInd Bank Mobile App to view your balance, see transactions, and carry out several banking activities.
• You can also avail services through WhatsApp, video banking, and net banking.

Indus Delite Zero Balance Savings Account Helpline

For customer service for the IndusDelite Zero Balance Savings Account, you may reach IndusInd Bank via the following:

Helpline Numbers

• Within India: 1860 267 7777
• Outside India: +91 22 4406 6666

Email Addresses

• General Inquiries: reachus@indusind.com
• For NRI Customers: nri@indusind.com
• For Exclusive Customers: exclusive@indusind.com
• Social Media Queries: socialm@indusind.com

Other Contact Information

• Website: IndusInd Bank Website
• Mobile App: Indie by IndusInd Bank
• Customer Care Number: 1860 267 7777
• Phone Number: +91-22-42207777

Postal Address

• IndusInd Bank Ltd, PO Box 9421,

Chakala MIDC, Andheri (E),

Mumbai – 400 093

Indus Delite Zero Balance Savings Account Welcome Kit

When you open an Indus Delite Savings Account with IndusInd Bank, you'll be given a welcome kit containing:

1. A debit card
2. A chequebook
3. Digital banking services
4. A complimentary Tata AIA insurance plan

This kit gives you everything you need to handle your account with ease.

Conclusion

The Indus Delite Zero Balance Savings Account is the perfect option for those who desire a convenient banking experience. Since it has no minimum balance to maintain, immediate online account opening, and plenty of benefits such as cashback, discounts, and free ATM withdrawals, it's made for easy money management. 

Whether shopping at Amazon, eating out, or just taking cash out, this account comes with fantastic perks without any additional fees. In addition, you are provided with a debit card, chequebook, and insurance scheme to help you manage your money effectively. Open your Indus Delite Zero Balance Savings Account today for hassle-free banking!

FAQs related to Indus Delite Zero Balance Savings Account

Q1: What is the minimum initial investment needed for IndusInd Bank's zero balance account?

Although there is no minimum balance to maintain in the IndusInd Bank Zero Balance Savings Account, you must pay a one-time debit card charge of ₹500 plus taxes. You must also invest an initial amount of ₹10,000 in your account to make it active.

Q2: What are the charges at the ATM for IndusInd Bank's zero balance account?

IndusInd Bank offers free ATM transactions at its ATMs. For other bank ATMs, you are allowed 5 free transactions (3 in metro cities). Thereafter, cash withdrawals are ₹21, and non-financial transactions are ₹10.

Q3: What are the drawbacks of a zero balance account?

Certain Zero Balance Savings Accounts will have fewer features than standard savings accounts. This might include limitations such as a limited number of free cheque books, fewer online banking facilities, or a restriction on the number of free transactions per month.

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