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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
 
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, thanks for the info. I recently opened my exclusive account with 1L funding. Thinking to give it to my employer so that salary gets credited into this and it'll become 0MAB as confirmed by RM. When I tried with pinnacle route, it said pancard already exists. So, thinking to go with salary route and later add pinnacle..does this sound ok?
 
Yes I had opened it online. We need to only fund the account with Rs90K that can be withdrawn after linking pinnacle world CC to the exclusive savings account. Someone in the forum had shared this link using which I had applied for the exclusive account.
After taking Aadhaar OTP it says 'something wrong, please try again later'
Tried many times in 3 days.

My only benefit was going to be from bigbasket discount. No use with PP or lounges or international txns.
Edit: for cc bill payment I make do with a Millennia DC.

So, finally
After recent devaluation, is it even worth to take an Exclusive account?
 
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After taking Aadhaar OTP it says 'something wrong, please try again later'
Tried many times in 3 days.

My only benefit was going to be from bigbasket discount. No use with PP or lounges or international txns.
So, finally
After recent devaluation, is it even worth to take an Exclusive account?
For Credit card bill payments, it's still worth it I guess
 
After taking Aadhaar OTP it says 'something wrong, please try again later'
Tried many times in 3 days.

My only benefit was going to be from bigbasket discount. No use with PP or lounges or international txns.
Edit: for cc bill payment I make do with a Millennia DC.

So, finally
After recent devaluation, is it even worth to take an Exclusive account?
It still offers 2 main benefits :
1) domestic lounge access without minimum spend requirement
2) zero markup fees on foreign currency transactions.
If you travel domestically frequently and internationally occassionally also, the card would offer some benefits.
If you have other cards covering the lounge access and you are fine with travel cards for international trips, you can give exclusive account a skip.
 
Lot of people dont bother with a marriage certificate, in such cases, what other documents will they accept.
They asked for any document which mentions the spouse's name, like passport. At the very least they asked to add C/o in address part of aadhar card. I found this unreasonable so had to close the addon account. RM didn't budge.
 
I applied online for Pinnacle CC it was showing as 5K joining fees, but later on the final submission page in the T&C pdf 15K was mentioned so I didn't proceeded.

Where did they mentioned joining fees reversal if spent 50K in first 90 days?
 
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In my case joining fee of 5K plus GST was applicable in case i couldnt spend 50K in 3 months. I infact i spend more than 50K in first month itself hence fee was never billed and now its LTF.
When and how did you take this offer - branch or email? I hold Legend LTF with 5L limit and looking for Pinnacle.
 
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