Under this collaboration, IndusInd Bank will deliver a range of tailored banking solutions to support early-stage start-ups associated with STPI/STPINEXT, empowering them at every stage of their journey. The Bank will offer a specialized Current Account product with no quarterly average balance requirement, making it easier for start-ups to manage their finances.

Additionally, the Bank will offer support such as expert guidance, and conduct workshops around financial management including banking basics, equity infusion, ESOPs, segment-based funding etc. To further support operational efficiency, the Bank will offer payroll and attendance management services to early-stage start-ups at no cost.

This MoU reflects the shared commitment to empower start-ups and accelerate entrepreneurship by providing the right resources, mentorship, and financial tools needed for sustainable growth. Together, both organizations aim to build a vibrant ecosystem where new ideas can thrive and contribute to the nation’s progress.

RATINGS

Domestic Ratings:

• CARE A1+ for Certificate of Deposits
• CRISIL A1+ for certificate of deposit program / short term FD programme
• CRISIL AA+ for Infrastructure Bonds program/Tier 2 Bonds
•  IND AA+ for Issuer Rating by India Ratings and Research
• IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research

International Rating:

• Ba1 for Senior Unsecured MTN programme by Moody’s Investors Service

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