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Indus Exclusive A/C Demat Holding Criteria

gupta93126

TF Buzz
Hi,

I am holding an Indusind exclusive savings account and want to get rid of MAB. So, when I was going through the Schedules of Benefits of Indusind Exclusive Account, I found out there is a criterion for Demat holding of 6 lakhs as well. I think of transferring my shares from Zerodha to Indusind demat.

I reached my RM for this and he said if it is written then it will be done but I am having zero faith in him. Also, customer care guys are clueless.
RM said that Indusind does not provide Demat accounts and I need to open Kotak Securities Demat which I did but am still not able to view my holdings under Indusind Netbanking.

I want to be sure before transferring the shares as it will be a tedious process and will incur charges.

Is there anyone who is having an exclusive account with Demat account criteria or someone having a relationship with Indusind and opened Kotak Securities Demat through Indusind?

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Hi,

I am holding an Indusind exclusive savings account and want to get rid of MAB. So, when I was going through the Schedules of Benefits of Indusind Exclusive Account, I found out there is a criterion for Demat holding of 6 lakhs as well. I think of transferring my shares from Zerodha to Indusind demat.

I reached my RM for this and he said if it is written then it will be done but I am having zero faith in him. Also, customer care guys are clueless.
RM said that Indusind does not provide Demat accounts and I need to open Kotak Securities Demat which I did but am still not able to view my holdings under Indusind Netbanking.

I want to be sure before transferring the shares as it will be a tedious process and will incur charges.

Is there anyone who is having an exclusive account with Demat account criteria or someone having a relationship with Indusind and opened Kotak Securities Demat through Indusind?

View attachment 8108
Ya this should be sufficient to make it 0 mab.

But I don't think they have their own demat platform coz I've never heard of one.

Also personally I think getting this account through Pinnacle cc is the best way.

So I would recommend instead of shifting here for demat, go through the credit card method.
 
Hi,

I am holding an Indusind exclusive savings account and want to get rid of MAB. So, when I was going through the Schedules of Benefits of Indusind Exclusive Account, I found out there is a criterion for Demat holding of 6 lakhs as well. I think of transferring my shares from Zerodha to Indusind demat.

I reached my RM for this and he said if it is written then it will be done but I am having zero faith in him. Also, customer care guys are clueless.
RM said that Indusind does not provide Demat accounts and I need to open Kotak Securities Demat which I did but am still not able to view my holdings under Indusind Netbanking.

I want to be sure before transferring the shares as it will be a tedious process and will incur charges.

Is there anyone who is having an exclusive account with Demat account criteria or someone having a relationship with Indusind and opened Kotak Securities Demat through Indusind?

View attachment 8108
Agree with Hyperbeast
 
Hi,

I am holding an Indusind exclusive savings account and want to get rid of MAB. So, when I was going through the Schedules of Benefits of Indusind Exclusive Account, I found out there is a criterion for Demat holding of 6 lakhs as well. I think of transferring my shares from Zerodha to Indusind demat.

I reached my RM for this and he said if it is written then it will be done but I am having zero faith in him. Also, customer care guys are clueless.
RM said that Indusind does not provide Demat accounts and I need to open Kotak Securities Demat which I did but am still not able to view my holdings under Indusind Netbanking.

I want to be sure before transferring the shares as it will be a tedious process and will incur charges.

Is there anyone who is having an exclusive account with Demat account criteria or someone having a relationship with Indusind and opened Kotak Securities Demat through Indusind?

View attachment 8108
Sorry no idea, i just recently opened account in indusind but i agree with hyperbeast. Pinacle method is best and you will get a decent LTF cc as well.
 
No bro
Don’t take the demat from IndusInd since it’s not their own product but support by a third party kotak
Since u r a tech user of Zerodha definitely u will Miss those lightening fast trades with kotak
Get paid pinnacle card which is paid for first year only and then ltf
I own kotak and Zerodha demats both together for an year then closed kotak due to high charges but no features
 
Ya this should be sufficient to make it 0 mab.

But I don't think they have their own demat platform coz I've never heard of one.

Also personally I think getting this account through Pinnacle cc is the best way.

So I would recommend instead of shifting here for demat, go through the credit card method.
I have an IndusInd Pinnacle credit card, am I eligible to get IndusInd Exclusive savings account at 0 MAB?
Also, would it require a sizeable initial funding?
Please advise.
 
Yes you are eligible for 0 mab exclusive account.

The initial funding isn't mandatory but it will depend on the branch.
Great! thanks for the info.
Could you/ anyone else please pass on bank associate's number to me based out of Bangalore to help me with the same.

I tried reaching out to customer care through twitter/email, this is the response I had received.
 

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