Indusind Bank Non Mantainence Account Offer

[bhavyegoelbhavyegoel is verified member.]

Indusind Bank is offering a non mantainence waiver offer on all of its accounts which are placed equal to lower than its Exclusive account for an initial high value account opening cheque which gives you host of benefits. With an exclusive account you get
1) Lockers on Discount with 1st year complete locker fee waiver!
2) Attractive Interest Rates
3) 20% off on BigBasket
4) Zero Forex Markup Debit Card
5) 20% off on Swiggy on Weekends
6) BMS BOGO Offer
7)Upto 0.92% cashback on monthly spends of ₹1,13,000 per month using Exclusive Debit Card - If you have a signature exclusive debit card and if you spend 1.13L (single transaction) you can earn 0.92% flat cashback (in form of reward points, redeemable against cash).

Account variant and required initial funding-



Offer period- 1st Oct to 31st Oct, 2022.

Offer valid till 31st October 2022. Go rush as this is the best time to get a non mantainence premium account for life. The initial funding is very small IMO for the benefits offered. #NotSponsored

Offer Link https://www.indusind.com/in/en/personal/offers/savings-account-festive-offers-tnc.html

 

[Francis@Aj]

Do we get any confirmation regarding the dispatch and tracking of welcome kit?
At branch the executive said until I get the debit card, I won't be able to access mobile banking as debit card credentials are needed to activate the same.

 

[TheTrickySid]

Do we get any confirmation regarding the dispatch and tracking of welcome kit?
At branch the executive said until I get the debit card, I won't be able to access mobile banking as debit card credentials are needed to activate the same.

Yes dc is required to generate password

 

[Rahul Gupta]

The virtual card can be seen in app if u installed it.
Before printing itself in IndusInd we can see card and even we can use it

i cant use app without physical debit card or can i?

 

[avishj]

Yes Select account and debit card on the Visa Infinite/MC Elite is the one i meant.
thanks for the inputs....hope that leather pouch can be used to store n number of cards.

IIRC, the select account comes with Visa Infinite only, not MC elite (I might be wrong). This is based on website and inputs of others.

The leather pouch has no card slots for cards, but 2-3 barricades in between (all span length of a chequebook). I personally use them to store my cheque books, pay in slip book, etc.

Is it true IndusInd wont provide C2C for existing savings account holders?

This is not true. I am an existing customer. Did C2C a few days back when my family availed this NMC offer.

You can withdraw the amount as soon as you open the account. Opening process will be completed within an hour if you make the payment online. If through cheque, will take a day or two. Exact Rs.400000/- to be funded to make this offer applicable at the time of opening itself.

I don't it is exact 4L, one can add more as well as confirmed by RM. Indus has good rates on SB balance, so it's good to park short term cash.

Can we give cheque for initial funding, and can we select the account number while opening the exclusive account?
From branch they are asking for partner account rather than exclusive account so what should I consider partner or exclusive account?

Thanks in advance.

1) You can pay via cheque
2) You can select last 10 digits of account number
3) You have to force them to open Exclusive account as that is the best.

i just got home and one thing i didn't understand there is a 249rs debit card charges(check image). i thought debit card is free in indusind exclusive also he used Double IP exclusive promo.

Not sure why you were charged. There are no DC fees at all. Even if you open Exclusive without this offer (I had done previously) and take Instant Kit at the moment and later upgrade to the Exclusive DC, there were no charges whatsoever.

Also, why is the rest of the amount only 1 lakh?

Actually i asked then he said if i will take the instant kit then i won't get world exclusive debit card. so i said No.

That's not true, you will get it. Infact, the CS will call and tell that you're eligible for DC upgrade twice a week till you upgrade it to Exclusive DC.

 

[anonymuos]

IIRC, the select account comes with Visa Infinite only, not MC elite (I might be wrong). This is based on website and inputs of others.

The leather pouch has no card slots for cards, but 2-3 barricades in between (all span length of a chequebook). I personally use them to store my cheque books, pay in slip book, etc.

So if we don't want 0% forex charges, Select account is a better option so we get Visa Infinite rather than Exclusive account's Visa Signature?

 

[avishj]

i cant use app without physical debit card or can i?

IIRC, the debit card is needed to activate the app. It's been a while, so take this with a grain of salt.

So if we don't want 0% forex charges, Select account is a better option so we get Visa Infinite rather than Exclusive account's Visa Signature?

I think there is some confusion here. I was replying to a person who asked for ICICI's Wealth Management. IndusInd Select card is Visa Signature only.

 

[Bodhi]

IIRC, the select account comes with Visa Infinite only, not MC elite (I might be wrong). This is based on website and inputs of others.

The leather pouch has no card slots for cards, but 2-3 barricades in between (all span length of a chequebook). I personally use them to store my cheque books, pay in slip book, etc.

@avishj How does one upgrade from ICICI Wealth Management to Select?

 

[avishj]

@avishj How does one upgrade from ICICI Wealth Management to Select?

I haven't done it personally. I believe after satisfying the 25L NRV criteria, the RM will be jumping behind you...shouldn't be too hard to get them to upgrade? I don't believe it's automatic although.

 

[Bodhi]

I haven't done it personally. I believe after satisfying the 25L NRV criteria, the RM will be jumping behind you...shouldn't be too hard to get them to upgrade? I don't believe it's automatic although.

@avishj Thank you!

 

[Rahul Gupta]

Not sure why you were charged. There are no DC fees at all. Even if you open Exclusive without this offer (I had done previously) and take Instant Kit at the moment and later upgrade to the Exclusive DC, there were no charges whatsoever.

Also, why is the rest of the amount only 1 lakh?

he said by default it shows minimum required funding but for this offer i have to fund 4 lakhs.

 

[avishj]

he said by default it shows minimum required funding but for this offer i have to fund 4 lakhs.

Hmm, interesting. Anyways, you shouldn't pay the DC charges. Ensure that you dispute with RM / CS.

 

[Rahul Gupta]

Hmm, interesting. Anyways, you shouldn't pay the DC charges. Ensure that you dispute with RM / CS.

249rs is nothing but i am not gonna pay for something that is free. btw thanks for your help.

 

[Wealth is my birth right!]

Not sure why you were charged. There are no DC fees at all. Even if you open Exclusive without this offer (I had done previously) and take Instant Kit at the moment and later upgrade to the Exclusive DC, there were no charges whatsoever.

Also, why is the rest of the amount only 1 lakh?

For me charged by system but cc reversed it instantly once I called them

 

[epeter07]

What all documents needed for account opening other than aadhar ?

 

[ashwinkashwink is verified member.]

What all documents needed for account opening other than aadhar ?

Pan and cheque if applicable..

 

[TheTrickySid]

So if we don't want 0% forex charges, Select account is a better option so we get Visa Infinite rather than Exclusive account's Visa Signature?

He is talking about ICICI wealth select account, not indusind select.

 

[Wealth is my birth right!]

Those who open EXCLUSIVE type of account in this offer pls check the 1st month account statement pdf which we get in email where QAB/MAB requirements will be there and it should be zero.

 

[TheTrickySid]

Those who open EXCLUSIVE type of account in this offer pls check the 1st month account statement pdf which we get in email where QAB/MAB requirements will be there and it should be zero.

Yes maybe the first one to recieve it should share it in this thread!!

 

[avishj]

For me charged by system but cc reversed it instantly once I called them

Interesting, I did not get charged.

Those who open EXCLUSIVE type of account in this offer pls check the 1st month account statement pdf which we get in email where QAB/MAB requirements will be there and it should be zero.

Is it possible to check this without waiting for 1 full month?

 

[Rahul Gupta]

Those who open EXCLUSIVE type of account in this offer pls check the 1st month account statement pdf which we get in email where QAB/MAB requirements will be there and it should be zero.

my Rm said that it is a fee waiver and QAB will be shown as 1/2 lakh depending on city but non maintenance charges won't be deducted.

They offered me indusind legend cc with 2 lacks limit 😑