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

 

[Infinite]

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.

Issue finally resolved : lien has been removed and non-maintenance charges are reversed

Took around 2.5 months

I am planning to get the account closed.

 

[Batmanbaba]

Hi, i visited the bank on Nov 1, they were offering Partner account using double IP but i asked only to go with 0 MAB Exclusive and they were just keep repeating both accounts are same but it is not.

I was about to go and open Delite and the account manager asked me to wait and talked with Branch manager and said we can try using Double IP for exclusive and they put the same in while filing the application. Said, It worked. The application is filed with 4Lakh initial deposit but the cheque is still not cleared but i received email that welcome kit is being generated also the application form pdf.

In pdf the product type show is INDIVIDUAL SAVINGS but card type is Signature EXCLUSIVE Card.

Now, i have keep repeated the same, 0 MAB EXCLUSIVE ACCOUNT both in the front of Account and Branch Manager, if any amount get deducted, i will write to Nodal officer as i have made 4 Lakh initial deposit as a proof.

Could you really confirm the "Server Side changes", is the promo box not visible? I was able to see Promo and Ref box(left blank) while filing.

Maybe it was first day.... Today I saw the tab off the bank official... Exclusive account was not in drop down menu....

 

[TheTrickySid]

Hi, i visited the bank on Nov 1, they were offering Partner account using double IP but i asked only to go with 0 MAB Exclusive and they were just keep repeating both accounts are same but it is not.

I was about to go and open Delite and the account manager asked me to wait and talked with Branch manager and said we can try using Double IP for exclusive and they put the same in while filing the application. Said, It worked. The application is filed with 4Lakh initial deposit but the cheque is still not cleared but i received email that welcome kit is being generated also the application form pdf.

In pdf the product type show is INDIVIDUAL SAVINGS but card type is Signature EXCLUSIVE Card.

Now, i have keep repeated the same, 0 MAB EXCLUSIVE ACCOUNT both in the front of Account and Branch Manager, if any amount get deducted, i will write to Nodal officer as i have made 4 Lakh initial deposit as a proof.

Could you really confirm the "Server Side changes", is the promo box not visible? I was able to see Promo and Ref box(left blank) while filing.

This I kind of risky move.
If the promo code worked it's great but the account goes under a review from the backend and they won't be aware of the promises made by the branch ppl.

To be frank the bank has every right to not consider this account under the offer coz the account opening date will be of November and offer ended on October.
Even if you contact nodal officer you won't have any proof to justify your point.

I am not try to speak anything against you just trying to alert you.

And if you successfully get the account that's a great thing.

Cheers!!

 

[aryanraj]

Maybe it was first day.... Today I saw the tab off the bank official... Exclusive account was not in drop down menu....

Oh, i can ask the account manager, he filed the application if the option is removed or still available if you wish to get an update. Although, i am gonna write an email to confirm about the my account MAB is 0 or not once i get my account in a day or two.

 

[aryanraj]

This I kind of risky move.
If the promo code worked it's great but the account goes under a review from the backend and they won't be aware of the promises made by the branch ppl.

To be frank the bank has every right to not consider this account under the offer coz the account opening date will be of November and offer ended on October.
Even if you contact nodal officer you won't have any proof to justify your point.

I am not try to speak anything against you just trying to alert you.

And if you successfully get the account that's a great thing.

Cheers!!

Yes, it is the risk i took and i wished to act atleast on OCT31. If it will not zero account, both Branch and Account manager reputation will degrade, i have already shared everything that i am a webdev, need only zero ex a/c. Nothing more or less.

Things never work as we want and if this happen, will close the account, i assume it is rs200 closure charge as per the account pdf.

Sometime you need to trust peoples, i see there is a little loss in this so i decided to go with it. Indusind is not popular in my area so i assume if it will not zero MAB, branch manager will help me to make it zero or Closure will be the option.

I will learn and that's what matters at the end.

 

[Harrypotter]

Any body aware of the demat charges of indusind my branch official are claiming that everything is free for 2 years but no info on the Internet @HyperBeast

 

[TheTrickySid]

Any body aware of the demat charges of indusind my branch official are claiming that everything is free for 2 years but no info on the Internet @HyperBeast

Yes free for 2 years
It's mentioned in the account charges pdf

 

[Spidey]

Did anybody confirm 0 MAB by calling customer care?

 

[Batmanbaba]

Oh, i can ask the account manager, he filed the application if the option is removed or still available if you wish to get an update. Although, i am gonna write an email to confirm about the my account MAB is 0 or not once i get my account in a day or two.

If u can contact and ask him if he can see exclusive account today under the offer

 

[aryanraj]

If u can contact and ask him if he can see exclusive account today under the offer

Do they have a separate offer section for those accounts? If i remember, he selected the account and entered the double ip.

 

[Harrypotter]

Yes free for 2 years
It's mentioned in the account charges pdfView attachment 6385

But it doesn't mention anything about charges for selling share and no info anywhere in the Internet

 

[TheTrickySid]

But it doesn't mention anything about charges for selling share and no info anywhere in the Internet

Enquire customer care or branch

 

[Batmanbaba]

Do they have a separate offer section for those accounts? If i remember, he selected the account and entered the double ip.

He showed me some drop down menu and there were only accounts mentioned in nov offer page.... If there is a option to select account and then enter promo.. I will check with another branch.. I have 2 in my city...

 

[Francis@Aj]

The initial funding is negotiable it depends on how better you can negotiate.
I've opened ICICI wealth with 5L initial funding last month.

Can I know which place (City)?

 

[Francis@Aj]

Hi all, I have a query regarding Indusind credit card, I closed the card in August this year, I asked RM to check with credit card team for cooling period to apply, he said 3 months can anyone confirm it?

 

[TheTrickySid]

Can I know which place (City)?

Mumbai

 

[Wealth is my birth right!]

Hi all, I have a query regarding Indusind credit card, I closed the card in August this year, I asked RM to check with credit card team for cooling period to apply, he said 3 months can anyone confirm it?

normally 3 months fine but the reason for closure matters.
If its closed on own request then fine and some banks have weird policy once if we close their card then they wont issue again (internal policy)

 

[Francis@Aj]

normally 3 months fine but the reason for closure matters.
If its closed on own request then fine and some banks have weird policy once if we close their card then they wont issue again (internal policy)

I closed due to low limit since 2019, not even a single limit enhancement

 

[Wealth is my birth right!]

I closed due to low limit since 2019, not even a single limit enhancement

then apply freshly no issues.
if there good spends like 3 laks in 6 months indusind increases limit automatically try this usage pattern

 

[Srinivas Reddy]

Ok, i got my welcome kit, cheque book and my account is now fully functional. I have few queries.

1) How to get MasterCard world DC, it says no upgrade available.
2) As everyone is excited about we got LT non maintenance exclusive account, will they remove/downgrade the exclusive account just like how HDFC does for preferred and imperia customers if they don’t maintain the required bal/nrv?