Introducing the *Tier Assessment* criteria for all customers!
We hope you are enjoying exclusive *Megastar benefits.* We encourage you to maintain a min. avg. quarterly balance of *₹2 lakh (Savings+FD)* or *₹50K (Savings)* to retain the Megastar Tier.
In case a minimum average balance of *₹2 lakh (Savings + FD)* or *₹50K (Savings)* is not maintained for this quarter (Jan - Mar), your Tier will be updated to Superstar *effective 1st April, 2024.*
*Note:* No charges will be applied in case of non-maintenance of Tier status. The Tier Assessment criteria are applicable from 22nd Jan 2024.
Suggestion to update the post title to include "Indie" so everyone can find this post and be cautious.
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Full Announcement:
📢 *Important Announcement* 📢
Introducing the *Tier Assessment* criteria for all customers!
We hope you are enjoying exclusive *Megastar benefits.* We encourage you to maintain a min. avg. quarterly balance of *₹2 lakh (Savings+FD)* or *₹50K (Savings)* to retain the Megastar Tier.
In case a minimum average balance of *₹2 lakh (Savings + FD)* or *₹50K (Savings)* is not maintained for this quarter (Jan - Mar), your Tier will be updated to Superstar *effective 1st April, 2024.*
*Note:* No charges will be applied in case of non-maintenance of Tier status. The Tier Assessment criteria are applicable from 22nd Jan 2024.
Refer to the FAQ section of the app for further information.
There's no information about what will happen to Visa Signature card, it is supposed to be free only for Mega Star.
Their site doesn't show the Annual Charges for the card: https://indie.indusind.com/indie/plan-and-charges.html
The Visa Platinum is 499, so the Signature will be >499, totally worthless.
Important Thing to Note
The balance maintenance period is Jan-Mar, but it is already 22nd Jan.
So if one has been maintaining below 50k, and from today maintains 50k, they will still be downgraded because the Quarterly Average Balance will be low since the calculation started on 1st Jan.
Example if you have been maintaining:
Rs0 - 01st Jan to 22nd Jan
Rs50k - 22nd Jan to 31st Mar
Your average balance will be 37k Only
You need to maintain over 66k from today for the above case.
The balance maintenance period is Jan-Mar, but it is already 22nd Jan.
So if one has been maintaining below 50k, and from today maintains 50k, they will still be downgraded because the Quarterly Average Balance will be low since the calculation started on 1st Jan.
Example if you have been maintaining:
Rs0 - 01st Jan to 22nd Jan
Rs50k - 22nd Jan to 31st Mar
Your average balance will be 37k Only
You need to maintain over 66k from today for the above case.
Try tagging all these email IDs. I wasn't receiving SMS and email alerts for the account. I tagged them, and after 1 week, I got a call from Indusind to explain the issue. And they have activated alerts and e-statements since then. This is hit and trial.
Pay for credit cards in the bill pay section. Pay Rs500 and get 25 gems. Pay no more no less. Redeem at min. 100 gems (1 gem is 1Rs). Up to 8 individual credit cards per month per account. It is not much, I know.
Confirmed with Customer care.
Only reward point structure will change to superstar.
Otherwise, signature DC will only be there with us and it will be free, no annual fee
Confirmed with Customer care.
Only reward point structure will change to superstar.
Otherwise, signature DC will only be there with us and it will be free, no annual fee