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 |
|---|---|
| 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 |
|---|---|
| IB Smart Kid |
|
| Saving Bank |
|
| IB Corp SB – Payroll Package Scheme for Salaried Class |
|
| Vikas Savings Khata |
|
| SB Platinum |
|
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 |
|---|---|
| Minimum Balance Requirements |
|
| 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 |
|---|---|
| Minimum Balance Requirements |
|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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:
Yes, it's possible to get your bike financed even as a student if you meet the specific eligibility criteria set by the lenders.
The best loan for financing your bike or scooter is the one with the lowest interest rate. This way, you'll have to pay less in monthly installments (EMIs) throughout your loan term.
To get financing for your motorcycle, bike, or scooter, you can easily apply for the loan online from home. Or, if you prefer, you can go directly to a bike shop and apply for the loan there by giving them the documents they need
You can check your loan status online through internet banking. Another option is to visit the closest branch of the bank or financial institution that's providing the loan.
Many lenders consider a credit score of 620 and above to be good when giving out loans for motorcycles, superbikes, or scooters. However, if your credit score is lower than 620, you can still find lenders who may be willing to give you a loan, although they might charge a higher interest rate.
Banks allow you to make prepayments after successfully paying 3-6 EMIs. Depending on the number of EMIs you've already paid, there might be a small fee applicable on the outstanding amount when you choose to prepay.