IndusInd Bank signs MoU with AIC STPINEXT

Mumbai, May 19, 2025: IndusInd Bank today announced that it has signed a Memorandum of Understanding (MoU) with AIC STPINEXT, a special purpose vehicle of Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology (MeitY). This partnership is designed to provide early-stage start-ups and MSMEs with essential financial solutions, mentorship, and structural support, leveraging the combined strengths of both organizations to nurture innovation and sustainable growth.

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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.

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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.

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