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Chandigarh: IndusInd Bank has unveiled ‘Indus StartUp Banking’, a dedicated and comprehensive banking programme aimed at providing early-stage startups in India with 360-degree financial and operational support. This initiative has been designed to empower new-age entrepreneurs by offering a combination of banking facilities, credit solutions, and beyond-banking services, allowing them to focus on building and scaling their ventures without worrying about day-to-day operational complexities.
India is home to over 1.75 lakh DPIIT-recognised startups, making it the third-largest startup ecosystem in the world. Recognising the crucial role startups play in driving economic growth, innovation, and employment, IndusInd Bank has crafted this programme to address the unique needs of businesses in their formative years. Startups under 10 years of operation (vintage) can easily apply for the programme through the Bank’s dedicated website page or by emailing startup.banking@indusind.com.
Exclusive Benefits Under Indus StartUp Banking
The Indus StartUp Banking programme offers an extensive list of features, many of which are provided at no cost or with significant waivers, including:
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Startup Current Accounts with a 3-year waiver on non-maintenance charges, providing cost efficiency for early-stage ventures.
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Free payment gateway and PoS (Point of Sale) installation to support both online and offline transactions seamlessly.
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Access to over 250 APIs through the Bank’s developer portal, enabling startups to integrate banking solutions directly into their applications and platforms.
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Corporate Salary Accounts for employees, making payroll management easier.
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Beyond-banking services such as tax filing, legal advisory, HRMS (Human Resource Management System) solutions, and ESOP (Employee Stock Ownership Plan) management support.
One of the standout features of the programme is access to premium PIONEER lounges in eight major cities — Delhi NCR, Mumbai, Bengaluru, Chennai, Pune, Chandigarh, Jaipur, and Kolkata. These lounges will serve as premium venues for startups to host investor meetings, client interactions, or strategic discussions, giving founders a professional and high-quality space to grow their network.
Additionally, founders enrolled in the programme will receive exclusive PIONEER personal banking privileges and invitations to expert-led sessions on business scaling, funding, and compliance — ensuring they not only receive financial support but also strategic guidance.
Vision Behind the Initiative
Soumitra Sen, Head – Consumer Banking & Marketing, IndusInd Bank, commented:
“With the Indus StartUp Banking programme, we aim to stand by the aspiring and innovative entrepreneurs of the country as not just a banking partner, but as a long-term partner in growth. Our offering is designed to simplify day-to-day operations, reduce financial friction, and provide startup founders a platform to scale confidently. As India’s startup ecosystem continues to drive innovation and economic transformation, IndusInd Bank is proud to play a key role in nurturing their journey.”
Strategic Ecosystem Partnerships
IndusInd Bank has been actively involved in strengthening India’s entrepreneurial ecosystem even before this programme’s launch. It has built partnerships with AIC STPINEXT, DPIIT – Startup India, and IIM Lucknow’s Entrepreneurship Incubation Centre (EIC), providing startups access to incubation support, mentorship, and networking opportunities.
These collaborations will further integrate with the Indus StartUp Banking offering, allowing participating ventures to tap into a larger innovation network, thereby accelerating their growth potential.
Empowering India’s Startup Story
The launch of ‘Indus StartUp Banking’ comes at a time when India’s entrepreneurial ecosystem is experiencing rapid expansion across sectors such as fintech, healthtech, agritech, deeptech, and consumer brands. However, many founders struggle with operational bottlenecks and financial resource management, especially during the early years. By removing barriers like high banking costs, limited access to financial technology, and lack of business infrastructure, IndusInd Bank is positioning itself as a true enabler for India’s next wave of unicorns and high-growth ventures.
The programme’s combination of cost savings, tech-driven banking solutions, workspace access, and strategic mentorship could give early-stage ventures the competitive edge they need to survive and thrive in a challenging market.
As India marches towards becoming a $5 trillion economy, initiatives like Indus StartUp Banking could play a pivotal role in nurturing innovation-led growth, enabling founders to turn their ideas into sustainable and scalable businesses.
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