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Savings, current & salary accounts

Indian Bank Savings Bank Account

Savings account with nil minimum balance, no non-maintenance charge, RuPay debit card, cheque and digital banking access; the applicable savings rate is published in Indian Bank's live rate schedule.

Interest rateCurrent published savings rates: 2.50% p.a. up to ₹10 lakh; 2.60% above ₹10 lakh to below ₹200 crore; 2.65% from ₹200 crore to below ₹750 crore; 2.80% at ₹750 crore and above. Calculated daily and credited quarterly.Minimum balanceNil minimum balance requirement.Salary requirementNo salary-credit requirement is published for the ordinary Savings Bank Account; the page lists individuals, joint holders and permitted institutions subject to KYC rather than a salary threshold.
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Quick eligibility check

Indian Bank Savings Bank Account

0 of 2 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Single or joint individuals and the listed institutions/associations may open the account subject to KYC and scheme rules?

2Document checkDo you have at least one of these required documents: Identity and address proof, PAN or Form 97, Aadhaar where applicable, photographs and prescribed KYC?

0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Account typeSavings Bank Account; single or joint account, with or without cheque facility.View source
The page lists individual/joint and institutional eligibility and with/without cheque operation.
Source
Savings Bank Account
Page / section
Eligibility; type of account
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum balanceNil minimum balance requirement.View source
The official page states minimum balance requirement NIL.
Source
Savings Bank Account
Page / section
Minimum balance requirement
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateCurrent published savings rates: 2.50% p.a. up to ₹10 lakh; 2.60% above ₹10 lakh to below ₹200 crore; 2.65% from ₹200 crore to below ₹750 crore; 2.80% at ₹750 crore and above. Calculated daily and credited quarterly.View source
The live rate page publishes four balance bands and quarterly crediting.
Source
Deposit Rates
Page / section
Savings balance bands; revision w.e.f. 04.07.2026
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Balance shortfall chargeNil charges for non-maintenance of minimum balance.View source
The page states non-maintenance charge NIL.
Source
Savings Bank Account
Page / section
Non-maintenance of minimum balance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Cheque book20 leaves free in a calendar year for cheque-operated savings accounts; personalised cheque book available.View source
The official features list 20 free leaves and personalised cheque book.
Source
Savings Bank Account
Page / section
Salient features
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Debit cardRuPay ATM/debit card provided free of cost; premium variants may have their own rules.View source
The page states RuPay /debit cards are provided free.
Source
Savings Bank Account
Page / section
Salient features
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Access channelsATM/debit card, UPI, internet banking, mobile banking, cheque, SMS alerts, ECS, RTGS and NEFT; online opening where eligible.View source
The official page lists these facilities as available depending on account type.
Source
Savings Bank Account
Page / section
Salient features;
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Salary requirementNo salary-credit requirement is published for the ordinary Savings Bank Account; the page lists individuals, joint holders and permitted institutions subject to KYC rather than a salary threshold.View source
The official page defines customer types and requirements but does not require salary credit for the ordinary account.
Source
Savings Bank Account salary review
Page / section
Eligibility; complete account page
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
ATM limitsFree RuPay ATM/debit cardView source
The manually reviewed product name/benefits state: “Free RuPay /debit card”.
Source
Indian Bank Savings Bank Account — official product page
Page / section
Published account type and access benefits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Nil minimum balance and nil non-maintenance charge
  • 20 free cheque leaves per calendar year for cheque-operated accounts
  • Free RuPay /debit card
  • 50 free withdrawals per half-year
  • , , , , internet/mobile banking, nomination and optional demat/locker/credit-card facilities

Eligibility

  • Single or joint individuals and the listed institutions/associations may open the account subject to and scheme rules.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Identity and address proof, or Form 97, Aadhaar where applicable, photographs and prescribed

Related official documents

Deposit Rates — Indian Bankofficial-rate-sheet · current · accessed 31 Aug 2026
↗
Savings Bank Account — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Account interest estimate

See roughly how much interest a steady account balance could earn over the period you choose.

Interest you may earn₹2,500two thousand five hundred rupees
Balance including interest₹1,02,500one lakh two thousand five hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Savings Bank Account · Minimum / limitNil minimum balance; no maximum

This value is copied from Indian Bank accounts and deposits — published terms. Check the table notes before relying on it.

Source: Indian Bank term-deposit catalogue and rate schedule · Savings, fixed, short-term, , VRD, MMD, tax-saver, Capital Gains and deposit-rate pages Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 6 columnsIndian Bank accounts and deposits — published termsCore account and deposit amounts, tenures, rate rules, withdrawal and access terms from the official pages and current rate schedule.View tableHide table

Scroll sideways to view every column

Indian Bank accounts and deposits — published terms
ProductMinimum / limitTenureInterest / payoutWithdrawal / facilitiesEligibility highlights
Savings Bank AccountNil minimum balance; no maximumOpen-ended2.50%–2.80% p.a. by balance; daily calculation, quarterly credit₹0 non-maintenance charge; 20 free cheque leaves; free RuPay card; 50 free withdrawals/half-year; digital channelsIndividuals, joint holders and listed institutions
Fixed Deposit₹1,000; no maximum6 months–10 yearsQuarterly or discounted monthlyLoan, nomination, automatic renewal and preclosureEligible depositors; senior +0.50% p.a. within published limits
Short Term Deposit₹1,000 + ₹100 multiples; no maximum7–180 daysPaid with principal at maturityRenewal, nomination, preclosure, loan; penalty appliesIndividuals, minors, joint holders, firms, companies, associations
Recurring Deposit₹100 monthly and multiples6 months–normally 10 years; 3-month multiplesQuarterly compounding; maturity/foreclosureLoan, nomination, foreclosure; Eligible resident depositors
Variable Recurring DepositInitial ₹500–₹1 lakh; later up to ₹10 lakh/month3 yearsQuarterly compounding; minimum-balance interest methodLoan, nomination, foreclosure; no penal interest for delayed instalmentsDepositors wanting variable instalments
Money Multiplier Deposit₹1,000 + ₹100 multiples; no maximum6 months–normally 10 yearsQuarterly compoundingEqual-period renewal, loan, nomination, preclosure penaltyEligible term-deposit customers
IB Tax Saver Scheme₹1,000–₹1,50,0005 yearsQuarterly, discounted monthly or maturityNo loan or foreclosure; nominationSection 80C tax-saving deposit
Capital Gains Term Deposit₹1,000 minimum7 days–3 yearsDeposit A savings; Deposit B cumulative/non-cumulative termWithdrawals under scheme rules; ; nominationCapital-gains taxpayers under sections 54(B/D/F/G)
Indian Bank term-deposit catalogue and rate schedule · Savings, fixed, short-term, , VRD, MMD, tax-saver, Capital Gains and deposit-rate pages · accessed 31 Aug 2026Open official source ↗

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