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Indusind Bank Non Mantainence Account Offer

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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-

Screenshot_20221021_124803.jpg

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
 

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avishj said:
Can someone please confirm the following:

1) Is this offer applicable to existing Savings account customers? (Someone got written confirmation of this?)
2) Is the NMC for only 1 year or lifetime?
3) Will the 299+GST charge (DC charge if account is not maintained) and the 1999+GST (annual charge of DC for any other downgraded varient except Exclusive) charges given in the Exclusive SOC not be applicable?
4) How long will the debit freeze last?
Click to expand...
1. Existing can open via joint account method
2. Lifetime
3. LTF Exclusive dc, charges for any other variant dc
4. Debit freeze isn't for everyone
 
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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.
 
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dnivra said:
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.
Click to expand...
Didn't you sent the written confirmation to the pno??
 
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dnivra said:
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.
Click to expand...
1st please check your statement there's written special NMC wave off or something written or not.

If not there might be possibility offer code not mentioned in your account then go to branch and pick knowledgeable person check account details in there system, and raise request mention nmc wave code in ur account.
 
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HyperBeast said:
Debit freeze is not for everyone idk why have they imposed it on your account.
To confirm offer call cc and ask them the required mab you need to maintain if it's zero you are good to go.
Click to expand...
Thank you @HyperBeast

I tried calling them but strangely - the CC personnel asked me to check with the Branch. The CC personnel said that he can only provide me with the normal MAB criteria for the Exclusive account which is available on the website, not what is reflecting on my account!
 
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I sent a mail to exclusive team, they called me and said that NMC waiver is for 1st year only and said whoever is saying its for lifetime, they are wrong and asked me to share my RM details who told me its for lifetime and they will take action against him for misselling.

Then I told her that I have Pinnacle card as well, then she said I'm eligible for 0 MAB and I just need to link my Pinnacle card from netbanking to my account.
 
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manikP said:
I sent a mail to exclusive team, they called me and said that NMC waiver is for 1st year only and said whoever is saying its for lifetime, they are wrong and asked me to share my RM details who told me its for lifetime and they will take action against him for misselling.

Then I told her that I have Pinnacle card as well, then she said I'm eligible for 0 MAB and I just need to link my Pinnacle card from netbanking to my account.
Click to expand...
Let's see
I also had connected to the exclusive customer care 5 times and all of the times they were unaware of the offer.
 
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Wealth is my birth right! said:
My exclusive account is 5 months old and now I can’t convert it to nil balance by submitting 4 lac.
Checking with branch they ask to close this and open new lol already I provided this number to nps stuff
Click to expand...
Why did you select indusind for NPS
Always go with nationalised banks when opting for long tenure schemes.
Coz no one can guarantee that indusind will be alive after 15 years, but definitely SBI will be there even after 50 yrs

Wealth is my birth right! said:
My exclusive account is 5 months old and now I can’t convert it to nil balance by submitting 4 lac.
Checking with branch they ask to close this and open new lol already I provided this number to nps stuff
Click to expand...
Still you can open another exclusive Account i with joint mode, then add the paid exclusive account into the family banking of this free account and eventually both account becomes free
 
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hariks789 said:
So existing customers can open new account with scheme, that's good to know.

Just last month I opened a partner account with single member with 2L funding.

Isn't the debit card available with partner account also has zero forex Markup?
I used it abroad this month, didn't see markup deduction in statement
Click to expand...
I remembered now

You get one free international atm withdrawal every month with partner dc.

So might be you have withdrawn only once internationally
 
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