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IndusInd Bank Pioneer Savings Account Opening Experience

magneto

TF Premier
VIP Lounge
Hi All!

I was researching about IndusInd Pioneer account lately and was thinking about opening one, so I approached my nearest branch and the desk person says my PAN is not eligible for a Pioneer account šŸ˜‚. I told her it's not a Credit Card that I am applying for and she says:
"hota hain sir aapko pata nahi hoga"

Anyway she declined my request to open a Pioneer Account and insisted I am max eligible for Exclusive Account but should open partner account instead.

I was already fed up with my branch and hence I decided to approach a Pioneer Branch directly and open an account with them. They instantly filled the form for me and opened the account, within a week I received the welcome kit with the debit card.

But the only issue was they did not assign me any RM and I had to contact the person through whom I opened the account with, well it's not a big deal as that person is knowledgeable enough but this kind of service was not expected, also they updated incorrect E-mail ID and residential address which I had to update later.

Still they do know about their services and features, as I requested for a metal debit card, they processed it instantly without any charges!

Overall I would say it was a hectic experience but the customer service and knowledge of the Pioneer Branch staff is great šŸ‘

20230513_154406.jpg 20230513_154442.jpg

P.S. I have asked them about LTF Pioneer Heritage Metal Credit Card upgrade but they say it's not possible to reduce or remove the joining fees. After reading so many posts of other people here I said people are getting it LTF so they ask me to share the contact details of the RM who helped them do the process as they are not sure about how it's done and how to take an approval, so if recently anyone has received this card LTF please guide me herešŸ™
 
Last edited by a moderator:
Hi All!

I was researching about IndusInd Pioneer account lately and was thinking about opening one, so I approached my nearest branch and the desk person says my PAN is not eligible for a Pioneer account šŸ˜‚. I told her it's not a Credit Card that I am applying for and she says:
"hota hain sir aapko pata nahi hoga"

Anyway she declined my request to open a Pioneer Account and insisted I am max eligible for Exclusive Account but should open partner account instead.

I was already fed up with my branch and hence I decided to approach a Pioneer Branch directly and open an account with them. They instantly filled the form for me and opened the account, within a week I received the welcome kit with the debit card.

But the only issue was they did not assign me any RM and I had to contact the person through whom I opened the account with, well it's not a big deal as that person is knowledgeable enough but this kind of service was not expected, also they updated incorrect E-mail ID and residential address which I had to update later.

Still they do know about their services and features, as I requested for a metal debit card, they processed it instantly without any charges!

Overall I would say it was a hectic experience but the customer service and knowledge of the Pioneer Branch staff is great šŸ‘

View attachment 16826View attachment 16825

P.S. I have asked them about LTF Pioneer Heritage Metal Credit Card upgrade but they say it's not possible to reduce or remove the joining fees. After reading so many posts of other people here I said people are getting it LTF so they ask me to share the contact details of the RM who helped them do the process as they are not sure about how it's done and how to take an approval, so if recently anyone has received this card LTF please guide me herešŸ™
how much initial IP amount
 
how much initial IP amount
You'll have to provide ₹10 Lakh cheque as initial funding. As soon as the amount is cleared your Pioneer account will be generated and you will start receiving SMS from IndusInd Bank regarding your account and dispatch details of Welcome Kit with the Plastic Pioneer DC, you'll have to request for a Metal DC from your RM.
 
Hi All!

I was researching about IndusInd Pioneer account lately and was thinking about opening one, so I approached my nearest branch and the desk person says my PAN is not eligible for a Pioneer account šŸ˜‚. I told her it's not a Credit Card that I am applying for and she says:
"hota hain sir aapko pata nahi hoga"

Anyway she declined my request to open a Pioneer Account and insisted I am max eligible for Exclusive Account but should open partner account instead.

I was already fed up with my branch and hence I decided to approach a Pioneer Branch directly and open an account with them. They instantly filled the form for me and opened the account, within a week I received the welcome kit with the debit card.

But the only issue was they did not assign me any RM and I had to contact the person through whom I opened the account with, well it's not a big deal as that person is knowledgeable enough but this kind of service was not expected, also they updated incorrect E-mail ID and residential address which I had to update later.

Still they do know about their services and features, as I requested for a metal debit card, they processed it instantly without any charges!

Overall I would say it was a hectic experience but the customer service and knowledge of the Pioneer Branch staff is great šŸ‘

View attachment 16826View attachment 16825

P.S. I have asked them about LTF Pioneer Heritage Metal Credit Card upgrade but they say it's not possible to reduce or remove the joining fees. After reading so many posts of other people here I said people are getting it LTF so they ask me to share the contact details of the RM who helped them do the process as they are not sure about how it's done and how to take an approval, so if recently anyone has received this card LTF please guide me herešŸ™
can i have the number of RM in pioneer banking
 
You'll have to provide ₹10 Lakh cheque as initial funding. As soon as the amount is cleared your Pioneer account will be generated and you will start receiving SMS from IndusInd Bank regarding your account and dispatch details of Welcome Kit with the Plastic Pioneer DC, you'll have to request for a Metal DC from your RM.
can i open it online without going to branch?
 
Mine was upgrade from existing select account. Getting Pioneer upgrade itself was big challenge for me due to less knowledge of branch staff.
Since I am a NRI, I was not sure what kind of negotiations I could do since we can get only secured credit cards.
Hey bro, I'm an NRI with an IndusInd Exclusive Savings Account, and I'm interested in upgrading it to the "PIONEER NRI Savings Account." I noticed on their website that the Pioneer NRI account has no minimum balance requirement.

Could you please guide me through the upgrade process, keeping in mind that I am currently not in India? Also, I'd like to confirm definitively whether the PIONEER NRI Savings Account truly has no minimum balance requirement.
Thanks!
 
Got a call from local branch as I hold legend cc about pioneer account. Is it worth the initial funding? Do they downgrade the account?

He said I'll be eligible for pioneer cc too but considering my legend has split limit into 3 other cards, will they actually upgrade it?
 
Got a call from local branch as I hold legend cc about pioneer account. Is it worth the initial funding? Do they downgrade the account?

He said I'll be eligible for pioneer cc too but considering my legend has split limit into 3 other cards, will they actually upgrade it?
Your legend to should 1.5 lakh limit for upgrade into Pioneer Legacy credit card
 
If you purchase on Bigbasket monthly and require metal debit card then account is worth

The card is good if you purchase heavily on weekends as you will get 2% cashback on weekends

Roadside assistance is also a plus
I'm mostly looking towards movie offers. As sapphiro getting devalued. Read people can get multiple debit cards in this account. So wondering from that pov.

The RM also mentioned no balance is required after initial funding of 10L, which seems tempting. And can open upto 8 accounts of family and current and link them all together.
 
I'm mostly looking towards movie offers. As sapphiro getting devalued. Read people can get multiple debit cards in this account. So wondering from that pov.

The RM also mentioned no balance is required after initial funding of 10L, which seems tempting. And can open upto 8 accounts of family and current and link them all together.
First RM saying false to you as if you don't maintain 10 lakh across one account or 10 accounts then there is non maintenance charges now which was previously not required but recently in November IndusInd sent email to all regarding introduction of non maintenance charges

Secondly you can group 10 accounts maximum savings+ current Pioneer accounts

IndusInd Pioneer Debit card have but one get one offer with it, I know it even though I don't use it.

In IndusInd if you are upgrading account then you can keep the debit card of previous variant and new debit card of upgraded variant

You can have one Pioneer plastic debit card and one Pioneer metal debit card but in case of issuance of metal debit card 20 lakh in a account or 30 lakh TRV is required

You can have plastic Pioneer debit debit card to all holders in case of joint account but only metal debit card to primary holder.

UPI only given to Primary holder.

If you use current account you can negotiate RM for free POS for yourself and demand for gifts on various occasions. Also don't forget to take official bank goodies from RM whenever you are meeting him.
 
Yes. Even I received an email about this. From Jan 2026 onwards, its mandatory to maintain relationship criteria or else there will be non-maintenance charges. On top of that, there is massive devaluation. So it's not worth maintaining 10L+. I will ask my RM to downgrade to SELECT variant for now and will eventually close the account. I think at this point, IDFC Wealth is the best considering their 7% interest on balances above 5L and also international lounge access on Debit card (Which was never provided on Pioneer DC).
 
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