IndusInd bank Select Savings Account and Legend Credit Card

[hellobois]

Hi. I received my Select Savings Account welcome kit today but I'm not able to link it with my legend credit card in mobile application. Please help. My 50000 is already stuck in select account and there is no way to take it out as I have to pay penalty as non maintenance charges.
Please help 🥺

 

[VijayflyRaven]

Seriosuly this debit freeze issue... facing myself😢😪

It will be resolved. Just talk to the RM.

I think these guys are one step above Citibank on security. 🙂
We have to be very patient with these guys. Don’t use this as primary account and don’t issue cheques. Keep it as zero balance account for 25% discounts etc.

 

[brightknight]

It will be resolved. Just talk to the RM.

I think these guys are one step above Citibank on security. 🙂
We have to be very patient with these guys. Don’t use this as primary account and don’t issue cheques. Keep it as zero balance account for 25% discounts etc.

I was thinking to maintain relationship because of better interest rate but not anymore

 

[j_s]

I have been following this thread for a while and I am quite surprised with the issues faced by the members here especially relating to debit freeze. I opened a select account online and yet to receive the welcome kit. So, obviously I have not been able to link relationship with Legend card. That aside, I have been able to create UPI ID and make payments seamlessly.

Given my experience so far, I don't think Indus has a standard practice or putting freeze and could be individual case related issue. Maybe try calling CC to understand where the issue is.

 

[4uziaul]

I have been following this thread for a while and I am quite surprised with the issues faced by the members here especially relating to debit freeze. I opened a select account online and yet to receive the welcome kit. So, obviously I have not been able to link relationship with Legend card. That aside, I have been able to create UPI ID and make payments seamlessly.

Given my experience so far, I don't think Indus has a standard practice or putting freeze and could be individual case related issue. Maybe try calling CC to understand where the issue is.

It's a standard practice confirmed by my RM and even my new account is under debit freeze.

 

[brightknight]

I have been following this thread for a while and I am quite surprised with the issues faced by the members here especially relating to debit freeze. I opened a select account online and yet to receive the welcome kit. So, obviously I have not been able to link relationship with Legend card. That aside, I have been able to create UPI ID and make payments seamlessly.

Given my experience so far, I don't think Indus has a standard practice or putting freeze and could be individual case related issue. Maybe try calling CC to understand where the issue is.

Great that it's been swift for you. My credit card is being shown there at my savings account netbanking portal but i am unable to do any transaction via upi/debit card.

 

[VijayflyRaven]

I have been following this thread for a while and I am quite surprised with the issues faced by the members here especially relating to debit freeze. I opened a select account online and yet to receive the welcome kit. So, obviously I have not been able to link relationship with Legend card. That aside, I have been able to create UPI ID and make payments seamlessly.

Given my experience so far, I don't think Indus has a standard practice or putting freeze and could be individual case related issue. Maybe try calling CC to understand where the issue is.

Yes issue depends on specific case. For me, signature uploaded by branch was blur. So risk team did a debit freeze without informing me. This can happen to anyone. Customer is not at fault.

 

[jack333]

Most common reason for online opened accounts is doing vkyc at an address which is different than your aadhaar address. Rbl bank also freezes account due to this reason

 

[VijayflyRaven]

Most common reason for online opened accounts is doing vkyc at an address which is different than your aadhaar address. Rbl bank also freezes account due to this reason

If we go to branch, there is no vkyc. Mine got blocked. Process is poor in IndusInd.

It is 7 days since I transferred USD to this bank. Still not credited. Even PSU banks are faster.

But debit card is wonderful. Getting 2k per month cash back with zero redemption charges.

 

[brightknight]

If we go to branch, there is no vkyc. Mine got blocked. Process is poor in IndusInd.

It is 7 days since I transferred USD to this bank. Still not credited. Even PSU banks are faster.

But debit card is wonderful. Getting 2k per month cash back with zero redemption charges.

How 2k ? .5k(movie) +.5k (bb) + 1k spends rewards?

 

[xxScriptzxx]

If we go to branch, there is no vkyc. Mine got blocked. Process is poor in IndusInd.

It is 7 days since I transferred USD to this bank. Still not credited. Even PSU banks are faster.

But debit card is wonderful. Getting 2k per month cash back with zero redemption charges.

But why did you transfer to indusind ? Was it a test transaction

 

[VijayflyRaven]

How 2k ? .5k(movie) +.5k (bb) + 1k spends rewards?

Each card (I have 2) gives 1050 for cc payment. I also get 20% instant discount on big basket.

 

[VijayflyRaven]

But why did you transfer to indusind ? Was it a test transaction

Yes testing all banks. I want to find the one with best rate and then use it.

 

[jack333]

If we go to branch, there is no vkyc. Mine got blocked. Process is poor in IndusInd.

It is 7 days since I transferred USD to this bank. Still not credited. Even PSU banks are faster.

But debit card is wonderful. Getting 2k per month cash back with zero redemption charges.

For inward remittance best is IOB

 

[VijayflyRaven]

For inward remittance best is IOB

IOB (my branch) has one of the worst customer service I have seen. Unfortunately we are used to good service from private banks.

 

[krishc]

I was thinking to maintain relationship because of better interest rate but not anymore

same here

 

[krishc]

those of you deleted old legend linked cust id before linking with select account.
did you get any sms/email communication that your such and such cust id has been deleted ?
or you've to trial and error to find whether it has been ?

 

[j_s]

Yes testing all banks. I want to find the one with best rate and then use it.

HSBC and Standard Chartered are a breeze to work with. Also, good rates. If you do large transactions, then you can negotiate. But if it's some occassional personal transactions, you are better off with Wise, Revolut, etc.

 

[VijayflyRaven]

HSBC and Standard Chartered are a breeze to work with. Also, good rates. If you do large transactions, then you can negotiate. But if it's some occassional personal transactions, you are better off with Wise, Revolut, etc.

I am a resident of India and invest globally. So I cannot use wise/etc as broker won’t transfer to such middleman. SC rate is bad. Even with maintaining 15L MAB, rate is not even close to ICICI.

 

[hellobois]

I am a resident of India and invest globally. So I cannot use wise/etc as broker won’t transfer to such middleman. SC rate is bad. Even with maintaining 15L MAB, rate is not even close to ICICI.

you can use IndMoney app for US investment, rates are less.

 

[VijayflyRaven]

you can use IndMoney app for US investment, rates are less.

I am done with it. I am now bringing them back. Don’t want to continue investment in US after a year.