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

 

[masumshah59]

Are they still giving 0 MAB Exclusive account with Initial 4 Lakh cheque ?

No

 

[Batmanbaba]

Are they still giving 0 MAB Exclusive account with Initial 4 Lakh cheque ?

Offer gone ...... Now they have move on to couples counselling.... As it started as a valentine offer.... 😜🤣

 

[masumshah59]

Those who opened Exclusive account under offer...

Has anyone created additional accounts under same group, after offer ended ??

Additional accounts are also with 0 MAB? Right?

 

[Batmanbaba]

Those who opened Exclusive account under offer...

Has anyone created additional accounts under same group, after offer ended ??

Additional accounts are also with 0 MAB? Right?

No I think.... All these zero mab accounts if u add other people that zero balance will no longer be there....

 

[LJGIBBS]

No I think.... All these zero mab accounts if u add other people that zero balance will no longer be there....

Additional accounts are also 0 MAB. I had opened my mother's exclusive account with 4L initial payment. Then I opened mine as add on. While opening my account, as a family group we are supposed to fulfill 2L balance criteria (hence I had to fund some amount in my account because I had made FD on my mothers account).
My netbanking shows account variant as "Indus Exclusive Add on". In my monthly statement, Avg Bal requirement shows - "Based on Primary Account Criteria". And in the primary account (mother's) it shows Avg Bal req - Nil.

 

[Copycat]

Additional accounts are also 0 MAB. I had opened my mother's exclusive account with 4L initial payment. Then I opened mine as add on. While opening my account, as a family group we are supposed to fulfill 2L balance criteria (hence I had to fund some amount in my account because I had made FD on my mothers account).
My netbanking shows account variant as "Indus Exclusive Add on". In my monthly statement, Avg Bal requirement shows - "Based on Primary Account Criteria". And in the primary account (mother's) it shows Avg Bal req - Nil.

Thank you

 

[Rahul Gupta]

we should be happy with what we got. Demanding more may take what we have right now.

 

[Batmanbaba]

Anybody with zero mab partner account... Tried adding family members...?? Did the account remained zero mab...???

 

[Batmanbaba]

Additional accounts are also 0 MAB. I had opened my mother's exclusive account with 4L initial payment. Then I opened mine as add on. While opening my account, as a family group we are supposed to fulfill 2L balance criteria (hence I had to fund some amount in my account because I had made FD on my mothers account).
My netbanking shows account variant as "Indus Exclusive Add on". In my monthly statement, Avg Bal requirement shows - "Based on Primary Account Criteria". And in the primary account (mother's) it shows Avg Bal req - Nil.

So the account didn't faced any mab defecit charges...?? Your or mother's account??

 

[LJGIBBS]

So the account didn't faced any mab defecit charges...?? Your or mother's account??

No. I have Rs.800 and my mother has Rs. 3000-4000. No MAB charges since october.

 

[Batmanbaba]

No. I have Rs.800 and my mother has Rs. 3000-4000. No MAB charges since october.

How u added yourself.... Can it be done online...???

 

[LJGIBBS]

How u added yourself.... Can it be done online...???

No. I had to go to the branch to open a new account. They opened it as add on after an OTP was sent to my mother's phone number. I also told RM to link my girlfriends existing account as spouse, but she couldn't do that. She said a proof was required. (Although I think she might have just lied).

 

[hakunamatata]

No. I had to go to the branch to open a new account. They opened it as add on after an OTP was sent to my mother's phone number. I also told RM to link my girlfriends existing account as spouse, but she couldn't do that. She said a proof was required. (Although I think she might have just lied).

How much time it took to open your account and how much initial funding was required?

 

[Batmanbaba]

No. I had to go to the branch to open a new account. They opened it as add on after an OTP was sent to my mother's phone number. I also told RM to link my girlfriends existing account as spouse, but she couldn't do that. She said a proof was required. (Although I think she might have just lied).

Ok.... I have partner account under zero mab.... So will surely visit branch then.... Thanks for the info provided....

 

[Batmanbaba]

No. I had to go to the branch to open a new account. They opened it as add on after an OTP was sent to my mother's phone number. I also told RM to link my girlfriends existing account as spouse, but she couldn't do that. She said a proof was required. (Although I think she might have just lied).

And after adding gf... It won't be a savings account... It will become a current account.... Where money outflow will be more than inflow..... 😜😅... So RM saved u from disaster

 

[LJGIBBS]

Three days for both of us. My mother's account was opened with 4L cheque, But made 3L FD out of that. So, when I opened my add-on account, they told me to deposit 1L to fulfil the 2L in Saving Account requirement. So I used UPI to transfer 1L to the account. And then made an FD of that also. Since then, combined balance in both account is always below 10k.

How much time it took to open your account and how much initial funding was required?

 

[LJGIBBS]

And after adding gf... It won't be a savings account... It will become a current account.... Where money outflow will be more than inflow..... 😜😅... So RM saved u from disaster

Dono ke ghar ka Big-Basket Grocery mere aur mummy ke Exclusive Debit card se aata hai. Total 4 card rakhe hain, Rs.2000 ke discount ke liye. Aur Bookmyshow ke tickets bhi.. Kabhi kabhi padosi bhi bolte hain unka bhi order kr dene..

 

[hakunamatata]

Three days for both of us. My mother's account was opened with 4L cheque, But made 3L FD out of that. So, when I opened my add-on account, they told me to deposit 1L to fulfil the 2L in Saving Account requirement. So I used UPI to transfer 1L to the account. And then made an FD of that also. Since then, combined balance in both account is always below 10k.

Alright, Thanks!

 

[hakunamatata]

Three days for both of us. My mother's account was opened with 4L cheque, But made 3L FD out of that. So, when I opened my add-on account, they told me to deposit 1L to fulfil the 2L in Saving Account requirement. So I used UPI to transfer 1L to the account. And then made an FD of that also. Since then, combined balance in both account is always below 10k.

Do these add on accounts function as separate individual accounts, as in does the primary account holder has any role in the functioning of add on account?

 

[LJGIBBS]

Do these add on accounts function as separate individual accounts, as in does the primary account holder has any role in the functioning of add on account?

All are separate accounts. Just the variant of account would be Exclusive Add-on for add on accounts and for Primary account it would be simply Exclusive. Apart from that, everything is separate. Infact everytime I have to give the call to my mother to verify details when I raise any quesry to customer care for her account.