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Online Indian Bank Savings Account Opening

Open Indian Bank Saving Account

Last Updated 20th Apr 2021

Interest Rate 3.50% - 3.75%
Minimum Balance Requirement Rs. 250 for non cheque operation and Rs. 500 for cheque operation
Cash Withdrawal Limit --
ATM Transaction Charges --
Debit Card --
Apply for Savings Account

Indian Bank Savings Account Opening

Indian Bank Savings accounts in Indian Bank can be opened online or offline. To open Indian Bank offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening Indian Bank Savings Account Online

To open the savings account online in Indian Bank, you have to follow these steps:

  • Step 1: First, visit the official website of Indian Bank.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: Indian Bank’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, Indian Bank will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open Indian Bank Savings Account at Branch

To open a savings account with Indian Bank at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in Indian Bank

You have to fulfil the following eligibility criteria to open a savings account in Indian Bank:

  • This account is for resident Indians of 18 years of age and above can open a sole or joint account.
  • In addition, illiterate person, blind person, HUF, Associations, Clubs, Institutions, Agencies, Societies, Trusts and Government Departments permitted by RBI can also open a savings bank account.

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FAQs

How can I open a savings account in Indian Bank?

You can open a savings account in Indian Bank either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in Indian Bank?

Yes, you can open a savings account online, by applying for it through the Indian Bank’s official website.

What is the minimum balance in Indian Bank?

The minimum balance required to open a savings account in Indian Bank is Rs. 250 for non cheque operation and Rs. 500 for cheque operation.


Indian Bank News - May 2021
  • 2019-11-05 : Indian Bank revises interest rates on savings deposits
    Indian Bank revised its interest rates on savings bank account from November 1, 2019. For deposits up to Rs 50 lakhs applicable interest rate is 3.50%, and for deposits above Rs 50 lakhs, the new interest is 3.75%. The interest, however, would be credited to the savings bank account on a quarterly basis.
  • 2018-01-04 : Indian Bank revises interest rates for FCNR(B) deposits
    The interest rates on foreign currency non-resident banking term deposits have been revised bu public sector Indian Bank, with immediate effect. The bank has revised the FCNR(B) deposits (in US Dollars), at 2.89 per cent for deposits of one year and above, but less than two years, from the existing 2.77 per cent, among changes across other tenures.
  • 2017-08-17 : Indian Bank introduces two-tier interest rate for savings account
    Indian Bank has introduced a two-tier interest rate structure for its savings bank customers. Under the arrangement, the bank will offer interest at the rate of 4 per cent for balance above Rs. 50 lakhs and 3.50 per cent per annum for balance up to Rs. 50 lakh. The new interest rate is effective from 16th August, 2017.
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