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

 

[anonymuos]

My branch personal is telling that if add on family account is opened for exclusive account we need to maintain 2 lakh. Is that true whether non maintainance waiver doesn't applicable for add on account @HyperBeast

Yes my Indus RM also said the same thing. If my account has addon family accounts, then offer not applicable. As in, even I would then have to maintain MAB.

 

[TheTrickySid]

Yes my Indus RM also said the same thing. If my account has addon family accounts, then offer not applicable. As in, even I would then have to maintain MAB.

My executive didn't mention anything like that, he just said I will have to do a initial funding of 20k for add on account.

 

[Bodhi]

I guess it's wrong info
Add on accounts always share the features of head account without any need to maintain extra.
In this case the head account will be 0 mab.

Not pretty sure but no seperate balance requirement is asked in any add on accounts.

View attachment 6204Look at the image it's clearly says free zero balance account for family.

Thanks @HyperBeast

 

[sasha]

My Account is active but have not received coupon for Times Membership.
Any Idea how to get same?

 

[TheTrickySid]

My Account is active but have not received coupon for Times Membership.
Any Idea how to get same?

You will get it within some weeks

 

[Infinite]

I had opened partner account with zero MAB in June with Rs 2L initial funding. Withdrew the initial funding and I was charged around Rs 800 as non mtce charges.

After complaints, was told that the offer code wasn't applied during account opening and charges were reversed.

Now this month again non mtce charges were applied.

Multiple escalations and still the charges havent been reversed.

Waiting for response from RBI CRM...

All this despite a written confirmation from the bank.

Please be careful with IndusInd bank offers.

It has been over a week since the escalation to RBI (CMS) and the status continues to be in 'Complaint Registered with RBI and sent to Regulated Entity' state.

I have exhausted all available means of escalation and there appears to be no way to recover the non maintenance charges (of around Rs 1700).

Escalated to RM, BM, PNO, Senior Management, MD Desk and finally to RBI!

Have never seen anything like this in any bank in India / other countries.

Please take extra care in ensuring that the 'offer code gets applied by backend team' after account is opened as the bank appears to have no way to undo the charges levied.

 

[TheTrickySid]

It has been over a week since the escalation to RBI (CMS) and the status continues to be in 'Complaint Registered with RBI and sent to Regulated Entity' state.

I have exhausted all available means of escalation and there appears to be no way to recover the non maintenance charges (of around Rs 1700).

Escalated to RM, BM, PNO, Senior Management, MD Desk and finally to RBI!

Have never seen anything like this in any bank in India and banks in other countries.

Please take extra care in ensuring that the 'offer code gets applied by backend team' after account is opened, else the bank appears to have no way to undo the damage.

If you don't get any satisfactory response from RBI as well then you can lodge a complaint in consumer court through online portal along with all the necessary proofs.

 

[Harrypotter]

It's been 24 hours still account is debit freeze branch official asking for a week time as I hold another account with them. Is this is a norm or should I contact to nodal @Bodhi @HyperBeast

 

[Wealth is my birth right!]

It's been 24 hours still account is debit freeze branch official asking for a week time as I hold another account with them. Is this is a norm or should I contact to nodal @Bodhi @HyperBeast

They are planning to maintain ur balance in the branch P&L account till month end it’s simple

 

[TheTrickySid]

It's been 24 hours still account is debit freeze branch official asking for a week time as I hold another account with them. Is this is a norm or should I contact to nodal @Bodhi @HyperBeast

Raise a complaint

 

[avishj]

My branch personal is telling that if add on family account is opened for exclusive account we need to maintain 2 lakh. Is that true whether non maintainance waiver doesn't applicable for add on account @HyperBeast

I'd like clarity on this too, please @avishj
Thank you

I will confirm this with my RM, but it should not be chargeable based on what information I had got. I already got exclusive add on for family setup, so will confirm if I am charged something, haven't been charged so far, even ordered the new dc that comes with exclusive for the add on account.

Yes my Indus RM also said the same thing. If my account has addon family accounts, then offer not applicable. As in, even I would then have to maintain MAB.

Raise a complaint

I got conflicting information, different from what you all are saying.

I had a select account, opened exclusive account under's mothers name and yesterday my select was changed to exclusive add on. RM had said, we could retain exclusive accounts, no MAB, no initial funding whatsoever.

 

[John Since]

I got conflicting information, different from what you all are saying.

I had a select account, opened exclusive account under's mothers name and yesterday my select was changed to exclusive add on. RM had said, we could retain exclusive accounts, no MAB, no initial funding whatsoever.

I have an upstox 3in1 account. Demat not active anymore. My RM denied to upgrade it to exclusive account and map under my new exclusive account giving some technical reason. Can you please ask your RM that is it possible to change the variant of Upstox 3 in 1 account? Thanks.

 

[Wealth is my birth right!]

I have an upstox 3in1 account. Demat not active anymore. My RM denied to upgrade it to exclusive account and map under my new exclusive account giving some technical reason. Can you please ask your RM that is it possible to change the variant of Upstox 3 in 1 account? Thanks.

Can be possible but u will lose the benefits of 3 in 1 trading account once ur account turned into exclusive
To my surprise the branch ppl converted some of the upstox account into 0 mab may be some schemes at those days

 

[John Since]

Can be possible but u will lose the benefits of 3 in 1 trading account once ur account turned into exclusive
To my surprise the branch ppl converted some of the upstox account into 0 mab may be some schemes at those days

Not using it as 3 in 1 anymore. So I feel better get it converted to exclusive or any other variant which has 0 MAB and 0 Debit card charges. So just want a confirmation from another RM as my branch is denying to do it giving some technical reason.

 

[Wealth is my birth right!]

Not using it as 3 in 1 anymore. So I feel better get it converted to exclusive or any other variant which has 0 MAB and 0 Debit card charges. So just want a confirmation from another RM as my branch is denying to do it giving some technical reason.

Speaking with cc and get an email from them and show it to branch then they will do it on priority

 

[John Since]

Speaking with cc and get an email from them and show it to branch then they will do it on priority

CC is asking to visit the branch itself for the details of possibility. 🙁

 

[Wealth is my birth right!]

CC is asking to visit the branch itself for the details of possibility. 🙁

That’s their signature dialogue ask him or her to transfer call to their superior then they treat you differently.
Btw Sunday IndusInd sb Custcare won’t be available only credit card cc functions

 

[epeter07]

Applied yesterday with a 4 lakh cheque. Opted for custom account number. Didnt got any kit while opening. But got a message today that welcome kit request is registered. While opening account he selected exclusive and double ip in promo. Hope for no messup with account type or promotion.

 

[Wealth is my birth right!]

Applied yesterday with a 4 lakh cheque. Opted for custom account number. Didnt got any kit while opening. But got a message today that welcome kit request is registered. While opening account he selected exclusive and double ip in promo. Hope for no messup with account type or promotion.

Yes so far so good
Hope ur acc no starts by 15 following the desired option by u

 

[Mayank]

Applied yesterday with a 4 lakh cheque. Opted for custom account number. Didnt got any kit while opening. But got a message today that welcome kit request is registered. While opening account he selected exclusive and double ip in promo. Hope for no messup with account type or promotion.

Same here.. Did the same thing yesterday but in the email I somehow got the pdf stating
account variant exclusive
Minimum balance requirement 100000
Initial funding 100000
Did you get the same.?
I too deposited 4 lac check