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

 

[Wealth is my birth right!]

Canara bank actually decent amongst the gormint banks except SBI

You can try for BoB, their service is pretty decent as i've heard from a couple of people

Heard they operated acc opening digital let me try

 

[Slayer]

Heard they operated acc opening digital let me try

Had a big facepalm moment when my add-on for Eterna was declined and the customer care person saying that you cannot do it on their portal and have to email them and when i asked for the add-on request form she said ok and i never got one

Happened today

 

[Wealth is my birth right!]

Had a big facepalm moment when my add-on for Eterna was declined and the customer care person saying that you cannot do it on their portal and have to email them and when i asked for the add-on request form she said ok and i never got one

Happened today

Digital bob 😹

 

[TheTrickySid]

Canara bank actually decent amongst the gormint banks except SBI

You can try for BoB, their service is pretty decent as i've heard from a couple of people

Gormint banks are only for safety not for services 🙂
Gormint banks don't have services

 

[Slayer]

Gormint banks are only for safety not for services 🙂
Gormint banks don't have services

No account in gormint bank 😎😎

 

[TheTrickySid]

No account in gormint bank 😎😎

I only park my money in gormint bank.
Along with ppf

 

[LJGIBBS]

Thank you for the advice @HyperBeast

After the account is active and the 4L is reflecting in it - how long will they take to remove the debit freeze? Is there any minimum time period or any other criteria?

I've been informed that the welcome kit has been dispatched and the amount has been reflecting in the account since the 20th. But no clarity on the debit-freeze criteria! Phone Banking customer care personnel said that the debit freeze is from the branch.

Phone banking customer care personnel could not clarify whether the account has been opened under the promotion or not - kept asking me to verify it with the Branch personnel. The branch personnel has been insisting that all is in place, but I am not sure. Please share your suggestions regarding the debit freeze and verification of the promotional offer.

Thank you very much in advance.

Haan Bhai, trust your brach.. On 8-9th Oct, I opened my mother's account through my HDFC cheque (my name was not printed on cheque), so account got into debit freeze. Cheque was cleared on Day2, amount reflected on Day 4 and debit freeze was removed.
After that on 19th I opened my add on account. I had already made FD of entire 4L in my mothers account. So to open addon, it required 2L again. Transferred 1.5L to mothers account through IMPS and paid 50K through UPI as initial funding for my Add-On account. Previously also I had gone to open my Indusind account in January but did not open it. At that timeone RM had already assigned a customer ID to me, so there was some issues and she told me to write application for address change, etc etc and finally she said she will manage everything and debit freeze would be removed in a week.. It's still in freeze, may be because of holidays. But will be done..

 

[TheTrickySid]

Haan Bhai, trust your brach.. On 8-9th Oct, I opened my mother's account through my HDFC cheque (my name was not printed on cheque), so account got into debit freeze. Cheque was cleared on Day2, amount reflected on Day 4 and debit freeze was removed.
After that on 19th I opened my add on account. I had already made FD of entire 4L in my mothers account. So to open addon, it required 2L again. Transferred 1.5L to mothers account through IMPS and paid 50K through UPI as initial funding for my Add-On account. Previously also I had gone to open my Indusind account in January but did not open it. At that timeone RM had already assigned a customer ID to me, so there was some issues and she told me to write application for address change, etc etc and finally she said she will manage everything and debit freeze would be removed in a week.. It's still in freeze, may be because of holidays. But will be done..

Bro can you once confirm the NMC wavier duration from your branch or assigned RM please.
Some say the NMC wavier is for lifetime but some say it's only for 1st year.

 

[avishj]

Bro can you once confirm the NMC wavier duration from your branch or assigned RM please.
Some say the NMC wavier is for lifetime but some say it's only for 1st year.
View attachment 6042
View attachment 6043

Yes, someone please get something in writing from Indusind, otherwise with their 10% charge for NMC, this can take a very negative very soon.

 

[TheTrickySid]

Yes, someone please get something in writing from Indusind, otherwise with their 10% charge for NMC, this can take a very negative very soon.

This is what I've got from the indusind executive.

 

[Wealth is my birth right!]

I only park my money in gormint bank.
Along with ppf

Every scheduled bank is covered for insurance upto 5 lac so no partiality between govt and pvt as long as we don’t keep money above 5l in a bank either balance or deposit

 

[hks789]

I remembered now

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

So might be you have withdrawn only once internationally

That I read somewhere but I did 4 transactions. I only see 4 entries related to that in the statement. Will the markup fees be included in the amount itself? There is no consolidated markup entry as well.

I used to see separate entries regarding foreign transactions in hdfc statements


@HyperBeast
This is from my monthly statement, last page shows all bin numbers for different debit card categories. All signature cards seem to have the same set. My card looks the same as exclusive except for the exclusive subtext.

 

[TheTrickySid]

Every scheduled bank is covered for insurance upto 5 lac so no partiality between govt and pvt as long as we don’t keep money above 5l in a bank either balance or deposit

I know that
I use gormint bank for funds exceeding 5L 😁

 

[TheTrickySid]

That I read somewhere but I did 4 transactions. I only see 4 entries related to that in the statement. Will the markup fees be included in the amount itself? There is no consolidated markup entry as well.

I used to see separate entries regarding foreign transactions in hdfc statements


@HyperBeast
This is from my monthly statement, last page shows all bin numbers for different debit card categories. All signature cards seem to have the same set. My card looks the same as exclusive except for the exclusive subtext.
View attachment 6045

Where do u see this??
I am not able to see this in my savings account statement.

 

[LJGIBBS]

Bro can you once confirm the NMC wavier duration from your branch or assigned RM please.
Some say the NMC wavier is for lifetime but some say it's only for 1st year.
View attachment 6042
View attachment 6043

I haven't asked her about it because I am 100% these guys don't have a precise idea. To be on the safe side, they might say that offer is only for 1 yr. (Since I have already opened my account aur ab usko ghanta fark nhi padta). However the good thing is RM has assured me that she will reverse any charge (debit card, NMC etc) if it gets deducted. So, if they deduct charge after 1 yr, I planned to tell her that I didn't have any idea and to reverse the charge. Uske baad dekhenge ki 2L fund karna hai ya account close.
Also account statement generate nhi hua hai mera, toh I can't see ki offer code applied hai ya nhi. Baki when I went to open my add on account, they were saying ki offer mei create ho chuka hai

 

[LJGIBBS]

Every scheduled bank is covered for insurance upto 5 lac so no partiality between govt and pvt as long as we don’t keep money above 5l in a bank either balance or deposit

Ghar mei sabka Exclusive account add on par khol do. 6 account mei 5-5L ki FD kar do. Sare paise gilt edge security se zyada safe.

 

[TheTrickySid]

I haven't asked her about it because I am 100% these guys don't have a precise idea. To be on the safe side, they might say that offer is only for 1 yr. (Since I have already opened my account aur ab usko ghanta fark nhi padta). However the good thing is RM has assured me that she will reverse any charge (debit card, NMC etc) if it gets deducted. So, if they deduct charge after 1 yr, I planned to tell her that I didn't have any idea and to reverse the charge. Uske baad dekhenge ki 2L fund karna hai ya account close.
Also account statement generate nhi hua hai mera, toh I can't see ki offer code applied hai ya nhi. Baki when I went to open my add on account, they were saying ki offer mei create ho chuka hai

So if they deduct charges you will have to close all six accounts

 

[hks789]

Where do u see this??
I am not able to see this in my savings account statement.

Last page of the statement I received in the email for September.

 

[John Since]

View attachment 6044
This is what I've got from the indusind executive.

Please post the circular once he shares it with you so that we can also show it in our branch here.

 

[TheTrickySid]

Last page of the statement I received in the email for September.

My statement doesn't have this idk why