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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
 
last query from my end under family banking can i add my inlaws please will they be clubbed and counted or whats the definition of family banking for the said bank
there will should be some definition .. go and check in the respective bank.. I am sure they must have documented somewhere.
 
last query from my end under family banking can i add my inlaws please will they be clubbed and counted or whats the definition of family banking for the said bank
there will should be some definition .. go and check in the respective bank.. I am sure they must have documented somewhere.

See a simple search within one minute resulted in this..

Yes, in-laws are counted in ..


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you get this each month?
Y E S. It's just the usual monthly account statement.
IndusInd has a field called Balance requirement in their statement.
Is it possible to get the Add Ons without any IP? In general, I have seen that the same tier account has to be opened via IP and then linked to the primary
Yes, I negotiated addon accounts without the usual 1L IP of exclusive accounts but I transferred 10k to the accounts through a payment link they provided.
It was more of a courtesy for visiting my home for account opening. Accounts were opened directly as addon accounts afaik.
Not sure if they first opened exclusive and linked internally.
 
Y E S. It's just the usual monthly account statement.
IndusInd has a field called Balance requirement in their statement.

Yes, I negotiated addon accounts without the usual 1L IP of exclusive accounts but I transferred 10k to the accounts through a payment link they provided.
It was more of a courtesy for visiting my home for account opening. Accounts were opened directly as addon accounts afaik.
Not sure if they first opened exclusive and linked internally.
I've not received any statement after march 2024's statement... anyways thanks for the help.
 
My SR says upgrade approved but still showing Select acct. Idk while my account upgrading from normal to select it was pretty fast but this time for mom's select to exclusive it took time and showing upgrade approved but no DC being shown also account variant still reflects as Select.
 
for exclusive savings account linked with pinnacle the mab would come down to 0 then if i add family members will it aggain attract charges or have to keep the deposit or it would be permanently 0 for all

for exclusive savings account linked with pinnacle the mab would come down to 0 then if i add family members will it aggain attract charges or have to keep the deposit or it would be permanently 0 for all
for every add on , you need to do an initial funding , 1 lakh in rural / semi urban and 2l in urban areas. again with it after the froze period.
for it to be 0 man , you ( primary holder) need to have any one of the special privilege , say pinnacle card / indulge or savings or insurance etc.
 
Steps
1) Get Pinnacle CC and Exclusive Account
2) Link them together .
3) get your family members onto your Exclusive account under family group with the Bank
Will this method work for select account holders too?
I have select+legend combo, Now my sister wants a Indusind account.
Should I proceed on the basis of my account?
 
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