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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 a 2.5L salary credit be a eligibility criteria for indusind grande account..?
is there any minimum balance 5L still required if we can get salary credited to account..?
 
After getting Pinnacle Credit Card, I went to open Exclusive Account through branch. After that I received account net banking password on which I logged in and linked my credit card. After linking my Account details and card is showing as well in net banking.
But issue arries in Mobile app. Credit card userid is not showing account details and Account userid is not getting logged in. Credit Card userid is getting logged in without any issue. Account userid is saying "We are not able to process your request at this moment."
What to do? Any expert advice.
 
After getting Pinnacle Credit Card, I went to open Exclusive Account through branch. After that I received account net banking password on which I logged in and linked my credit card. After linking my Account details and card is showing as well in net banking.
But issue arries in Mobile app. Credit card userid is not showing account details and Account userid is not getting logged in. Credit Card userid is getting logged in without any issue. Account userid is saying "We are not able to process your request at this moment."
What to do? Any expert advice.
@SSV can help
 
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Reactions: SSV
Already answered in another thread,..

 
After opening new account, they won't allow you to do any debit transaction for some days. It's basically 4-7 working days, Different people has different experience

Whatever you add, will be blocked till debit freeze is removed/account is fully functional

Any amount added will be freezed.
Thank you guys for the details. Any alternatives for decent return on CC bill payment?
 
Thank you guys for the details. Any alternatives for decent return on CC bill payment?
It's very hard time to recommend something now, specially when you have a very limited time frame. And Many major banks are adapting the BBPS system.
Me, Personally didn't find a way to pay my Axis+HDFC bill for this month to earn a decent amount of cashback with my debit cards.
But, If you have Indus Select/Exclusive and HDFC Millennia/Platinum you can earn a lot while paying credit card bills in future.
 
It's very hard time to recommend something now, specially when you have a very limited time frame. And Many major banks are adapting the BBPS system.
Me, Personally didn't find a way to pay my Axis+HDFC bill for this month to earn a decent amount of cashback with my debit cards.
But, If you have Indus Select/Exclusive and HDFC Millennia/Platinum you can earn a lot while paying credit card bills in future.
Hmm, probably will have to pay as is for now. Thanks
 
  • Like
Reactions: NCD
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
Hi.
Can you confirm that if i open grande account with initial funding of 5lakhs and link pinnacle CC will it become 0 balance account. I asked my Deputy BM, he does not have any idea about that.

Also, if possible can you share (PM) your RM's number. I am thinking to open grande account with your RM if 0 balance is offered after linking my pinnacle card.

Thanks 👍
 
Hi.
Can you confirm that if i open grande account with initial funding of 5lakhs and link pinnacle CC will it become 0 balance account. I asked my Deputy BM, he does not have any idea about that.

Also, if possible can you share (PM) your RM's number. I am thinking to open grande account with your RM if 0 balance is offered after linking my pinnacle card.

Thanks 👍
Grande is not 0MAB its Pinnacle + Exclusive 0MAB.

Grande gets your route easy for 5k+GST pinnacle that too reversible after 50k usage.
 
Thanks! Why can’t I link bank account to the application which as of now has my credit card linked?
I faced the same problem. When I got Pinnacle, I downloaded the app and activated it using CC details. Later when I opened exclusive account I tried to link it using DC in the same app. It was showing that the linking reques was successful but Exclusive Account details are not showing in it.

Then I spoke to RM She advised me to uninstall the app and download it again snd create new user id using DC and then link CC account to it.

I did do. Successful. Now both Pinnacle CC account and Exclusive account are showing in same app
 
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