The critical dipole moment to bind an electron was empirically determined to be 2.5 debye, even though smaller values were predicted theoretically. Herein, we report the first observation of a polarization-assisted dipole-bound state (DBS) for a molecule with a dipole moment below 2.5 debye. Photoelectron and photodetachment spectroscopies are conducted for cryogenically cooled indolide anions, where the neutral indolyl radical has a dipole moment of 2.4 debye. The photodetachment experiment reveals a DBS only 6 cm-1 below the detachment threshold along with sharp vibrational Feshbach resonances. Rotational profiles are observed for all of the Feshbach resonances, which are found to have surprisingly narrow linewidths and long autodetachment lifetimes attributed to weak coupling between vibrational motions and the nearly free dipole-bound electron. Calculations suggest that the observed DBS has π-symmetry stabilized by the strong anisotropic polarizability of indolyl.