• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Indusind Bank Non Mantainence Account Offer

Apply For Lifetime Free IDFC First Credit Card
bhavyegoel

bhavyegoelbhavyegoel is verified member.

TF Premier
TF Family
Chief Editor
Sr Moderator
Verified User
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
 

Attachments

  • Mobile-640px-466px.png
    Mobile-640px-466px.png
    58.6 KB · Views: 173
Last edited:
Apply For LTF AU LIT Credit Card
Sort by date Sort by votes
Right for partner savings and exclusive account opened under initial funding offer, it is again showing MAB as 1 lakh. It says "Balance Requirement : Average Quarterly Balance of Rs 1,00,000 or relationship criteria to be maintained" for both this month and last month's automated statements received on email. Only for April statement received in May, it says "Zero, Special Waiver". So either a glitch in their banking system (it's not the first time it has happened) or IndusInd jumped the shark 😁 and broke their Terms and Conditions in which case, all those affected need to complain to RBI if they deduct any charges.

Anyway time to start collecting evidence as I don't trust this private bank one bit. What evidence do we all have? We have automated email statement every month that says Zero, Special Waiver (but probably deliberately does not say waiver for how long). And we have an SMS that says "Your IndusInd Bank Savings A/C XXXXXX comes with no min. balance requirement under special offer." Do keep this SMS forever and favorite it or star it in case the bank decides to go back on its word.
 
Last edited:
Upvote 0 Downvote
anonymuos said:
Right for partner savings and exclusive account opened under initial funding offer, it is again showing MAB as 1 lakh. It says "Balance Requirement : Average Quarterly Balance of Rs 1,00,000 or relationship criteria to be maintained" for both this month and last month's automated statements received on email. Only for April statement received in May, it says "Zero, Special Waiver". So either a glitch in their banking system (it's not the first time it has happened) or IndusInd jumped the shark 😁 and broke their Terms and Conditions in which case, all those affected need to complain to RBI if they deduct any charges.

Anyway time to start collecting evidence as I don't trust this private bank one bit. What evidence do we all have? We have automated email statement every month that says Zero, Special Waiver (but probably deliberately does not say waiver for how long). And we have an SMS that says "Your IndusInd Bank Savings A/C XXXXXX comes with no min. balance requirement under special offer." Do keep this SMS forever and favorite it or star it in case the bank decides to go back on its word.
Click to expand...
What the heck can a text sms Or the statement which says zero balance without any context or t and c serve.... Their t and c even in that offer pdf doesn't say anything on tenure the bank smartly interpret as 1yr while rm and marketing guys say lifetime.... And note that any bank can change terms and conditions anytime ...Subject to providing prior notice in some cases.. So it's going to be not easy if they choose to look otherwise...
But if we can threaten them as a group to strip away business from them... They may provide some solace still nothing is assured.
 
Upvote 0 Downvote
ankushanup1 said:
What the heck can a text sms Or the statement which says zero balance without any context or t and c serve.... Their t and c even in that offer pdf doesn't say anything on tenure the bank smartly interpret as 1yr while rm and marketing guys say lifetime.... And note that any bank can change terms and conditions anytime ...Subject to providing prior notice in some cases.. So it's going to be not easy if they choose to look otherwise...
But if we can threaten them as a group to strip away business from them... They may provide some solace still nothing is assured.
Click to expand...
tension nhi lene ka bro. Ek legend apply kr do LTF. Agar yeh charges daale to account select mei downgrade kar Lena aur 0 bal ho jayega
 
Upvote 0 Downvote
ankushanup1 said:
What the heck can a text sms Or the statement which says zero balance without any context or t and c serve.... Their t and c even in that offer pdf doesn't say anything on tenure the bank smartly interpret as 1yr while rm and marketing guys say lifetime.... And note that any bank can change terms and conditions anytime ...Subject to providing prior notice in some cases.. So it's going to be not easy if they choose to look otherwise...
But if we can threaten them as a group to strip away business from them... They may provide some solace still nothing is assured.
Click to expand...
From the Internet Archive/Web Archive, I could find that original page again (took a full screenshot of it). We were all promised lifetime free 0-balance account and lifetime free debit cards as well but the bank was clever enough to never commit to it in written TnC.

https://web.archive.org/web/2022102...ffers/savings-account-festive-offers-tnc.html

OR

This October Bank on Happiness with Offers on Savings Account

web.archive.org web.archive.org
IndusInd Offer.png
 
Upvote 0 Downvote
You must log in or register to reply here.

Similar threads

G
IndusInd Bank PIONEER account wort it?
Replies
18
Views
741
vine
vine
Prem03
  • Question Question
IndusInd Bank account upgrade offer to Maxima or Select
Replies
8
Views
478
anveshi
A
CreditLife
  • Question Question
IndusInd zero balance account offer
Replies
11
Views
2K
RkrRkr is verified member.
Rkr
Batmanbaba
  • Question Question
Indusind zero non maintenence charges Bank account offer for November 2022
2
Replies
24
Views
2K
Rahul Gupta
Rahul Gupta
lostwords
  • Question Question
IndusInd Bank restricts non-financial transactions daily limit on other Bank ATMs to 5
Replies
1
Views
479
D₹V
D₹V
Back
Top