Indusind Bank Partner Account Suggestion

[TheTrickySid]

A few days ago when I visited Indus bank the employee told me a offer on opening of indus partner account wherein I have to deposit a cheque of rs 2L at opening which I can withdraw as soon as account gets opened and the account then remains zero balance and he also assured that they don't downgrade accounts like HDFC in case of non maintenance of mab.

Is it worth opening the account??

 

[007]

RTGS is fine but when we add beneficiary there's some cooldown period before we transfer huge amount.

Yeah that's what I told her, she said then you can deposit cheque of 2 lakh.

 

[Bob78900]

This offer is currently running, here's the T & C:

Valentine Day Offer on Indus Partner Savings Account | IndusInd Bank

If you have an Indus Partner Savings account, enjoy a host of benefits and privileges from 14th Feb 2022 to 30th June 20222. The account can be opened jointly with spouse or partner.

www.indusind.com

This account can be opened only by jointly.
Father- daughter, father- son or mother- daughter Cannot open this account? Only married couples?

 

[007]

This account can be opened only by jointly.
Father- daughter, father- son or mother- daughter Cannot open this account? Only married couples?

As per the site:

*The “Partner” or the Joint Holders (only upto 2) with Mode Of Operation as Either or Survivor can be Spouses (LGBT included); Father-Son; Father-Daughter; Brother-sister; Mother-Daughter; Mother-Son. This product otherwise is a INR One Lakh AQB Requirement product with Initial Payment Requirement of INR One Lakh.

 

[Batmanbaba]

No...

This account can be opened only by jointly.
Father- daughter, father- son or mother- daughter Cannot open this account? Only married couples?

Even partners can open... Either straight or LGBT, father - son, mother - son- sister- brother.., mother - daughter, father - daughter Or married couples...

 

[007]

Any update @HyperBeast 👀

 

[TheTrickySid]

Any update @HyperBeast 👀

Opened the account yesterday.
What do you wanna know??

 

[007]

Opened the account yesterday.
What do you wanna know??

Everything! 😅

The process, any hidden charges / T&C, etc. Did you get two debit cards or will they dispatch them separately?
Did you open joint account (Either or survivor), and how that works? Please share in detail.

 

[Souvik]

Opened the account yesterday.
What do you wanna know??

Opened the account yesterday.
What do you wanna know??

Advantages and Disadvantages too, if that is not too much of a pain 😉

 

[TheTrickySid]

Everything! 😅

The process, any hidden charges / T&C, etc. Did you get two debit cards or will they dispatch them separately?
Did you open joint account (Either or survivor), and how that works? Please share in detail.

Advantages and Disadvantages too, if that is not too much of a pain 😉

1.Process:As I had informed the executive that I will be opening account on 11th may so the executive called me in the morning and asked if I was comfortable to visit the bank else he said that he can visit my place for account opening.So instead of calling the executive at my place I visited the branch.
The executive had kept the account opening form ready even before I reached the branch.The executive themselves filled the form for me took pictures of aadhar pan and my live photo.As this is a premium account we get to choose our account number so I chose my phone number as account number.
So the account number is in the format XX-XXXXXXXXXX the first 2 digits are fixed and the other 10 are of our choice.The account gets opened on the spot.Then they collected the cheque.Done
2.Charges: I am attaching the pdf for statement of charges you can refer that, the only thing that varies is in the pdf it's mentioned some charges for non maintenance of mab but for the ones who opened this account in the offer period the charges for non maintenance of mab is 0 for them the rest remains the same as given in pdf.
3.Two Debi Cards: See I opened a account only with a single holder ie myself, but yes you will get seperate dc for every member you add to the account.
The time required for welcome kit to get delivered is T+3 days as told by executive.
4.Joint Account: No I didn't open joint account I am the sole operator, but you can add family members later on.
5.Advantages: Premium Services at 0 mab, free door step banking, free dc with ATM cash withdrawal limit of 1.5L and pos limit of 3L, unlimited cheque books,fee Locker for 1st yr, 3 movie tickets free in a quarter, unlimited atm withdrawal at any atm, personalized acc no. The list goes on😅 you can check the attached pdf you will get a clear Idea.
For more you can visit:
https://www.indusind.com/in/en/personal/accounts/saving-account/indus-partner.html
I don't know if it will work or not, but maybe we can get the IndusInd legend cc a bit easily by holding this account 😅
6.Disadvantages: None as of now coz I have not actually used any of the services, I've just opened the account, I am waiting for the dc to get delivered so that I can activate my internet and phone banking.

You can mention if I missed anything or you need any other information.
Hope this helps.😃

 

[007]

1.Process:As I had informed the executive that I will be opening account on 11th may so the executive called me in the morning and asked if I was comfortable to visit the bank else he said that he can visit my place for account opening.So instead of calling the executive at my place I visited the branch.
The executive had kept the account opening form ready even before I reached the branch.The executive themselves filled the form for me took pictures of aadhar pan and my live photo.As this is a premium account we get to choose our account number so I chose my phone number as account number.
So the account number is in the format XX-XXXXXXXXXX the first 2 digits are fixed and the other 10 are of our choice.The account gets opened on the spot.Then they collected the cheque.Done
2.Charges: I am attaching the pdf for statement of charges you can refer that, the only thing that varies is in the pdf it's mentioned some charges for non maintenance of mab but for the ones who opened this account in the offer period the charges for non maintenance of mab is 0 for them the rest remains the same as given in pdf.
3.Two Debi Cards: See I opened a account only with a single holder ie myself, but yes you will get seperate dc for every member you add to the account.
The time required for welcome kit to get delivered is T+3 days as told by executive.
4.Joint Account: No I didn't open joint account I am the sole operator, but you can add family members later on.
5.Advantages: Premium Services at 0 mab, free door step banking, free dc with ATM cash withdrawal limit of 1.5L and pos limit of 3L, unlimited cheque books,fee Locker for 1st yr, personalized acc no. The list goes on😅 you can check the attached pdf you will get a clear Idea.
I don't know if it will work or not, but maybe we can get the IndusInd legend cc a bit easily by holding this account 😅
6.Disadvantages: None as of now coz I have not actually used any of the services, I've just opened the account, I am waiting for the dc to get delivered so that I can activate my internet and phone banking.

You can mention if I missed anything or you need any other information.
Hope this helps.😃

Thanks for a detailed post! 🔥

1. I am not getting the sole operator part. Isn't this offer/variant for joint (2) holders? And did you choose "Either or survivor" option, if yes will both holder get Debit cards or only one?
2. Is there a need for both the holders to be present at time of opening or only one?
3. After how many days can we withdraw the money? Any fixed number of days?

 

[TheTrickySid]

Thanks for a detailed post! 🔥

1. I am not getting the sole operator part. Isn't this offer/variant for joint accounts? And did you choose "Either or suvivor" option, if yes will both holder get Debit cards or only one?
2. Is there a need for both the holders to be present at time of opening or only one?
3. After how many days can we withdraw the money? Any fixed number of days?

1.Firstly I too was confused but the executive told that single person can open this account, maybe it can be branch specific, you can confirm at your branch.I didn't choose any from Either or Survivor tbh. I guess as I am the only operator I have full transaction rights 😅. But yes both options are available as per you need you can have Either or Survivor.
2.No Idea tbh,request you to contact branch before visiting as I didn't open joint account 🙂
3.The executive said you can withdraw immediately.

 

[007]

1.Firstly I too was confused but the executive told that single person can open this account, maybe it can be branch specific, you can confirm at your branch.I didn't choose any from Either or Survivor tbh. I guess as I am the only operator I have full transaction rights 😅. But yes both options are available as per you need you can have Either or Survivor.
2.No Idea tbh,request you to contact branch before visiting as I didn't open joint account 🙂
3.The executive said you can withdraw immediately.

Will get confirmation from the local branch manager on joint holder part. Thanks for the info!

 

[TheTrickySid]

Will get confirmation from the local branch manager on joint holder part. Thanks for the info!

Where are you from btw?

 

[TheTrickySid]

I never prefer joint or these type of accounts so I never go for this

Apna paise bas apne paas

Apna paise bas apne paas???

 

[Souvik]

I never prefer joint or these type of accounts so I never go for this

Apna paise bas apne paas

Yeah my money is my money, none of yours ! 😉

However, I do see that this account can be opened on an individual basis, provided you pay same amount.

 

[Souvik]

1.Process:As I had informed the executive that I will be opening account on 11th may so the executive called me in the morning and asked if I was comfortable to visit the bank else he said that he can visit my place for account opening.So instead of calling the executive at my place I visited the branch.
The executive had kept the account opening form ready even before I reached the branch.The executive themselves filled the form for me took pictures of aadhar pan and my live photo.As this is a premium account we get to choose our account number so I chose my phone number as account number.
So the account number is in the format XX-XXXXXXXXXX the first 2 digits are fixed and the other 10 are of our choice.The account gets opened on the spot.Then they collected the cheque.Done
2.Charges: I am attaching the pdf for statement of charges you can refer that, the only thing that varies is in the pdf it's mentioned some charges for non maintenance of mab but for the ones who opened this account in the offer period the charges for non maintenance of mab is 0 for them the rest remains the same as given in pdf.
3.Two Debi Cards: See I opened a account only with a single holder ie myself, but yes you will get seperate dc for every member you add to the account.
The time required for welcome kit to get delivered is T+3 days as told by executive.
4.Joint Account: No I didn't open joint account I am the sole operator, but you can add family members later on.
5.Advantages: Premium Services at 0 mab, free door step banking, free dc with ATM cash withdrawal limit of 1.5L and pos limit of 3L, unlimited cheque books,fee Locker for 1st yr, 3 movie tickets free in a quarter, unlimited atm withdrawal at any atm, personalized acc no. The list goes on😅 you can check the attached pdf you will get a clear Idea.
For more you can visit:
https://www.indusind.com/in/en/personal/accounts/saving-account/indus-partner.html
I don't know if it will work or not, but maybe we can get the IndusInd legend cc a bit easily by holding this account 😅
6.Disadvantages: None as of now coz I have not actually used any of the services, I've just opened the account, I am waiting for the dc to get delivered so that I can activate my internet and phone banking.

You can mention if I missed anything or you need any other information.
Hope this helps.😃

Curious to understand if Doorstep banking really works on this account (would be wonderful if I can get cash delivered home), and if so what is the distance between branch and bank in your case >

Thanks for taking time out for a detailed account.

 

[TheTrickySid]

Curious to understand if Doorstep banking really works on this account (would be wonderful if I can get cash delivered home), and if so what is the distance between branch and bank in your case >

Thanks for taking time out for a detailed account.

The executive said door step banking will be provided.
Unlimited cheque pickups for free,
One cash pickup and one cash delivery free per day with min amount of 10k for pickup/delivery.

Distance from bank in my case is around 2km

PS: you can go through the pdf shared in the detailed post

 

[AllSeeker]

Apna paise bas apne paas???

Yes, but when you get married you realise not only your money but also your wallet is technically owned by someone else.. -I jest

This is good joint account for married people.

Sadly I don't have liquid money to do this atm, but will next year if this offer surfaces again 🤭

 

[Souvik]

The executive said door step banking will be provided.
Unlimited cheque pickups for free,
One cash pickup and one cash delivery free per day with min amount of 10k for pickup/delivery.

Distance from bank in my case is around 2km

PS: you can go through the pdf shared in the detailed post

Thanks !

 

[Bob78900]

1.Process:As I had informed the executive that I will be opening account on 11th may so the executive called me in the morning and asked if I was comfortable to visit the bank else he said that he can visit my place for account opening.So instead of calling the executive at my place I visited the branch.
The executive had kept the account opening form ready even before I reached the branch.The executive themselves filled the form for me took pictures of aadhar pan and my live photo.As this is a premium account we get to choose our account number so I chose my phone number as account number.
So the account number is in the format XX-XXXXXXXXXX the first 2 digits are fixed and the other 10 are of our choice.The account gets opened on the spot.Then they collected the cheque.Done
2.Charges: I am attaching the pdf for statement of charges you can refer that, the only thing that varies is in the pdf it's mentioned some charges for non maintenance of mab but for the ones who opened this account in the offer period the charges for non maintenance of mab is 0 for them the rest remains the same as given in pdf.
3.Two Debi Cards: See I opened a account only with a single holder ie myself, but yes you will get seperate dc for every member you add to the account.
The time required for welcome kit to get delivered is T+3 days as told by executive.
4.Joint Account: No I didn't open joint account I am the sole operator, but you can add family members later on.
5.Advantages: Premium Services at 0 mab, free door step banking, free dc with ATM cash withdrawal limit of 1.5L and pos limit of 3L, unlimited cheque books,fee Locker for 1st yr, 3 movie tickets free in a quarter, unlimited atm withdrawal at any atm, personalized acc no. The list goes on😅 you can check the attached pdf you will get a clear Idea.
For more you can visit:
https://www.indusind.com/in/en/personal/accounts/saving-account/indus-partner.html
I don't know if it will work or not, but maybe we can get the IndusInd legend cc a bit easily by holding this account 😅
6.Disadvantages: None as of now coz I have not actually used any of the services, I've just opened the account, I am waiting for the dc to get delivered so that I can activate my internet and phone banking.

You can mention if I missed anything or you need any other information.
Hope this helps.😃

If we open this account as a single operator still we get all the benefits? 0 balance maintenance and all? And in single operator Case i have to give 1 lac cheque right?