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INDUSIND EXCLUSIVE SAVINGS ACCOUNT + PINNACLE CARD = Zero MAB

SN.M

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since there are many threads created for this same topic , I thought of clearing all the doubts with this new post.

I can confidently say that the below information is correct.
1. you need to own a pinnacle / indulge credit card.
2. if you have legend , you can get it upgraded to pinnacle. pinnacle with 5L + limit will be eligible for indulge. but I okay with pinnacle of now.
3.open Indusind exclusive savings account by visiting branch you can not open it online. I was told by the RM (relationship manager) that grande account supports this aswell, but initial funding is 5L.
4. Once you have opened the account wait of the kit to arrive.
since we are previously using pinnacle CC in Indusind mobile app , it will not support the account linking procedure.

click on create new user id and first enrol your exclusive bank account debit card details , then after successful login , go into mobile application , left side bar , you have an option to link the existing relations , over there you select credit card and then you link it.

it usually takes 24-48 hours for linking , logout of the application and re- login after 24 hours and you will see it over there.
sometimes this doesn't work swell, then you will need to call the cc , ask them to de-register the cc from your mobile app and then map your existing account. once deregistering is done wait for 24 hours and follow the process from beginning. linking debit card , then your credit card etc etc.
since exclusive account is a premium account, drop a mail to exclusive@indusind.com,( you will usually get response in 24 hours , tops) asking them to confirm if your account is zero balance savings account. which I have done and they gave me a confirmation. mail proof for future reference.

note:
I was told by a DBM that , existing accounts can not be converted to indusexclusive, even if converted and mapped to pinnacle credit card , there is very less possibility for it to be converted to a zero mab account.
so new account is necessary , with new account you will Get a Indusind exclusive kit, which has a visa signature/ master card dc it will be sent from Mumbai. wait till you get that card.

visa signature/ MWorld C - annuall charges are 1999 + get. but with this account you get it for free(LTF). you will need to link your account to cc based on these cards not platinum card I believe.
kindly check this with the CC or drop a mail to exclusive DL.

if you already have a visa signature card , my suggestion is to go with master world card , since it gives golf privileges , unlike pinnacle master credit card , there is no minimum spend criteria for the MW dc card.

urban - initial funding 2L , Semi urban - 1L

thank you
 
Can someone please tell how to open exclusive account fully online with 1L IF?

And secondly say, I have received the Pinnacle CC today(not activated yet) what do I need to do now to make the acc 0MAB?
 
Can someone please tell how to open exclusive account fully online with 1L IF?
As you have got a credit card with them so online account opening will not happen now, you can try it though, you'll have to visit branch and open Exclusive account offline with 2L of IP check
And secondly say, I have received the Pinnacle CC today(not activated yet) what do I need to do now to make the acc 0MAB?
Activate the card and spend 50k in first 90 days for no joining and renewal fees.

Make sure you don't register the card on app or internet banking.

Wait for your Exclusive account DC to arrive first, the registered with your Debit Card and link your Pinnacle Credit Card for Zero balance account.
 
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As you have got a credit card with them so online account opening will not happen now you can try it though, you'll have to visit branch and open Exclusive account offline with 2L of IP check

Activate the card and spend 50k in first 90 days for no joining and renewal fees.

Make sure you don't register the card on app or internet banking.

Wait for your Exclusive account DC to arrive first, them registered with your Debit Card and then link your Pinnacle Credit Card for Zero AMB account.
I don’t have the cc yet. So, how can I open exclusive acc fully online with 1L IF and how long do I need to keep 1L in the account? Please tell. Thanks
 
You can open it online with 90K, Zero balance Exclusive account is only if you link Pinnacle CC else you'll have to maintain the minimum AMB
Okay I’m thinking of doing the following correct step where I might be wrong:-

1. Open IndusInd exclusive account online with 90K as you suggested.
2. Wait for welcome kit. Simultaneously, apply for Pinnacle CC.
3. Once received, register dc first and then cc.
4. Now take out 90K
 
Okay I’m thinking of doing the following correct step where I might be wrong:-

1. Open IndusInd exclusive account online with 90K as you suggested.
2. Wait for welcome kit. Simultaneously, apply for Pinnacle CC.
3. Once received, register dc first and then cc.
4. Now take out 90K
If you are not NTB customer with IndusInd you will not get the Pinnacle spend based offer.

#Ideally first apply for Pinnacle CC wait for the card approval.
Then
#Open Exclusive account and follow the rest process.
 
If you are not NTB customer with IndusInd you will not get the Pinnacle spend based offer.

#Ideally first apply for Pinnacle CC wait for the card approval.
Then
#Open Exclusive account and follow the rest process.
Yes, I’m NTB with IndusInd and also I don’t wanna visit the branch because then I have would have to give 2L IF, right?
 
If you open Exclusive account first then you will not be a NTB to indusind and won't get the Pinnacle spend based offer as simple as that.

First get the Pinnacle CC then open the account with 2L IP no other option I see.
See this post.

Also, NTB means only NTB to Indus credit card product. Having savings account doesn't make you ETB to cc.

 
sir. needed one guidance in my case. i was holding legend card and select a/c. Recently i got pinnacle upgrade offer and i upgraded it. to my surprise in my select a/c this pinnacle card has replaced existing legend. Just read the above suggestions for getting exclusive a/c with pinnacle CC. Now in my case can u please guide me so that i can get 0MAB exclusive a/c.
 
sir. needed one guidance in my case. i was holding legend card and select a/c. Recently i got pinnacle upgrade offer and i upgraded it. to my surprise in my select a/c this pinnacle card has replaced existing legend. Just read the above suggestions for getting exclusive a/c with pinnacle CC. Now in my case can u please guide me so that i can get 0MAB exclusive a/c.
Upgrade your Select account to Exclusive account with Pinnacle CC it should work as 0 MAB account
 
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