Indian Bank provides a range of savings accounts to suit different customer needs. These options are designed to offer excellent services and cater to a variety of customers. Below is a list of the savings accounts available at Indian Bank.
Balance | Interest Rate |
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Upto Rs. 10 lakh | 2.75% |
Rs. 200 crore and above | 2.90% |
More than Rs. 10 lakh to less than Rs. 200 crore | 2.80% |
Note: Interest rates are updated as on August 2025.
The bank has 5 types of savings accounts in total. Each one is unique on its own and is collectively eligible to satisfy all needs.
Type of Savings Account | Primary Features |
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IB Smart Kid |
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Saving Bank |
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IB Corp SB – Payroll Package Scheme for Salaried Class |
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Vikas Savings Khata |
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SB Platinum |
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This account is made for kids to learn how to save money from a young age. The bank wants parents to join in and help their kids with this.
IB Smart Kid | Details |
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Minimum Balance Requirements |
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Eligibility | Applicant’s age should be below 18 years |
ATM Debit Card | Free issuance of ATM debit card for account holders of age 10 or above |
Internet Banking | Yes, available* |
Transfer of funds from parents’/guardians’ account | Yes, can be done |
*Parents need to give their approval for their children to use the internet and, consequently, internet banking.
Saving Bank | Details |
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Minimum Balance Requirements |
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ATM Debit Card | Free of cost for the first year |
Eligibility | Indian residents, registered trusts, clubs, societies, government bodies, educational institutions, non-trading organizations, etc. |
Electronic Fund Transfers ECS/RTGS/NEFT | Yes, available |
Nomination Facility | Yes, available |
This account is designed for corporations, companies, or government organizations, offering customized facilities to meet their specific needs..
IB Corp SB – Payroll Package Scheme for Salaried Class | Details |
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Minimum Balance Requirements | Zero balance account |
ATM Debit Card | Free RuPay platinum debit card |
Internet and Mobile Banking | Free |
Mobile Alerts | Free |
Eligibility | All regular employees of IT sector, corporate firms, departments of State and Central governments, Public Sector Undertakings (PSUs), urban development authorities, semi-government organizations, hospitals, education institutions, hotels, MNCs, selected private sector companies having salary credit association with the bank. |
This account aims to include more people in the financial system and is available to anyone who hasn't used banking services before but wishes to, or is looking for a straightforward and affordable way to save money.
Vikas Savings Khata | Details |
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Minimum Balance Requirements | Zero balance account |
ATM Debit Card | Yes, provided |
Cash Deposit and Withdrawal Limits | 10 free transactions |
Benefits | No charges for intracity transactions |
Purpose | Financial inclusion of people who have been deprived of banking facility |
This is a good choice for business professionals or wealthy individuals seeking a secure and dependable savings deposit plan.
SB Platinum | Details |
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Minimum Balance Requirements | Rs. 25000 |
ATM Debit Card | Free ATM debit card for the first year |
Insurance Benefits | Personal accidental cover of Rs. 1 Lakh |
Inter and Intra City Transactions | Free |
Sweep facility | Every Sunday on Rs. 10,000 and multiples |
Similar to other savings accounts, Indian Bank Savings accounts will require essential KYC documents. In addition to the latest photographs and a completed account opening form, you will need the following:
To open an Indian Bank Savings account, you'll need to provide the following documents:
1. Proof of Address:
2. Proof of Identity:
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.