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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
 
Indus Exclusive account has been devalued since November as Exclusive debit cards have been excluded from the big basket 500 discount offer.

My thoughts are that they can also remove the pinnacle zero balance criteria anytime they want. This is not like a LTF card where they cannot make the card paid in future as they have themselves explicitly offered it as Lifetime free. There is no such promise with 0 MAB Indusind exclusive account via pinnacle criteria. The bank can revise the criteria at any time just like they revise interest rates.
 
Indus Exclusive account has been devalued since November as Exclusive debit cards have been excluded from the big basket 500 discount offer.

My thoughts are that they can also remove the pinnacle zero balance criteria anytime they want. This is not like a LTF card where they cannot make the card paid in future as they have themselves explicitly offered it as Lifetime free. There is no such promise with 0 MAB Indusind exclusive account via pinnacle criteria. The bank can revise the criteria at any time just like they revise interest rates.
We can also close the account anytime. This is not like we have taken an oath that once account is opened, it can't be closed. We also made no promise to keep exclusive account with us for lifetime.
 
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