IndusInd Bank has launched a new program called Indus StartUp Banking. This program offers complete banking services and support for early-stage startups in India.
What Founders Get: Banking, Beyond-Banking, and More
1. Startup Current Account with Perks
Startups can open a Startup Current Account that comes with a three-year waiver on non-maintenance charges, along with features like free cheque book issuance, fund transfers (NEFT/RTGS/IMPS), and a platinum business debit card.
2. Tech-Friendly Tools and Integration
Members can access over 250 APIs on a special developer portal. This makes it easier to connect with payment gateways, POS systems, and automated workflows.
3. Payments, Collections & Salary Accounts
Employee corporate payroll accounts and easy payment and collection methods are provided by the service. Its objective is to make daily money management simpler.
4. Beyond-Banking Services: Tax, Legal, HR & More
To take the load off founders, Indus StartUp Banking offers value-added services such as tax filing support, legal advisory, HRMS tools, and ESOP management.
5. Premium Spaces for Networking
Startups can use PIONEER lounges in eight major cities: Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Chandigarh, Jaipur, and Kolkata. These lounges are great for meetings with investors or partners.
6. Founder Perks and Expert Network
Participants can attend sessions given by experts and receive special personal banking privileges. These meetings provide mentorship and useful ideas.
Who’s Eligible and How to Apply
Applications are open to startups with up to 10 years of experience, including LLCs, private or public limited companies, and OPCs. It is required to provide proof of startup status, such as DPIIT recognition or Startup India registration. Applications may be sent by email or via the bank’s website.
Why It Matters
India’s startup ecosystem is booming, with over 175,000 DPIIT-recognized startups and rapid job and innovation growth projected till 2030. However, founders still face friction in financial operations, compliance, and scalability, the very pain points Indus StartUp Banking aims to address.
IndusInd Bank is combining customized banking solutions with advisory services and meeting spaces. This strategy positions the bank as not just a financial service provider, but also as a long-term partner for startups looking to grow.
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