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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
 
This information is absolutely incorrect because I have upgraded my Select account to Exclusive after I got my Pinnacle Credit Card, and many others have also done the same without any issues. The branch employee is probably lying to you so that he/she can fulfill their target 🎯 😂.

Also, thank you for creating another thread on this, even though the same thing has been discussed several times and will be asked again, I am sure about that. 😅
I hold pinnacle and delight account. How to upgrade to exclusive account online. Since pinnacle is already linked to delight account, will there be an issue to link the same again to exclusive account
 
I have upgraded my select account to exclusive account. Right now i have select visa and select mastercard debitcard, will they be chargeable now as i have upgraded to exclusive. Should i close them ?
 
By calling customer care. Read the whole thread to know more.

@NAB Just wanna double check. I have had the IndusInd Pinnacle and Exclusive for about 4 years (+2 more accounts) but I always kept the 2L amount at group level. However I think it's better to crrate FDs now. I can see all my accounts and credit card(s) in IndusInd Netbanking. Am I goot to keep zero balance? I hope having family accounts and other account doesn't affect this?

Will I be charged non maintainance? Although I have good relationship with my RM I just dont wanna waste my time explaining them the surrogate CC thing to get MAB reversed. Is the non maintainance waiver automatic or something else needs to be done?
 
@NAB Just wanna double check. I have had the IndusInd Pinnacle and Exclusive for about 4 years (+2 more accounts) but I always kept the 2L amount at group level. However I think it's better to crrate FDs now. I can see all my accounts and credit card(s) in IndusInd Netbanking. Am I goot to keep zero balance? I hope having family accounts and other account doesn't affect this?

Will I be charged non maintainance? Although I have good relationship with my RM I just dont wanna waste my time explaining them the surrogate CC thing to get MAB reversed. Is the non maintainance waiver automatic or something else needs to be done?
If they are linked under the same Customer ID, they don't charge.
I mostly keep the balance below 1 Lac only. I have not been charged yet.
 
If they are linked under the same Customer ID, they don't charge.
I mostly keep the balance below 1 Lac only. I have not been charged yet.
Yep I am positive they are under the same customer ID. I just found an old email in my mailbox wherein I have a confirmation from IndusInd about this but they mention that I need to pay the CC bill from same account for waiver, is this true or just some outdated info?
 
Yep, I am positive they are under the same customer ID. I just found an old email in my mailbox wherein I have a confirmation from IndusInd about this but they mention that I need to pay the CC bill from same account for waiver, is this true or just some outdated info?
No idea about it. Never heard 😕
If they are coming under the same Internet/Mobile Banking, then you are good to go.
 
@NAB Just wanna double check. I have had the IndusInd Pinnacle and Exclusive for about 4 years (+2 more accounts) but I always kept the 2L amount at group level. However I think it's better to crrate FDs now. I can see all my accounts and credit card(s) in IndusInd Netbanking. Am I goot to keep zero balance? I hope having family accounts and other account doesn't affect this?

Will I be charged non maintainance? Although I have good relationship with my RM I just dont wanna waste my time explaining them the surrogate CC thing to get MAB reversed. Is the non maintainance waiver automatic or something else needs to be done?
I have this combination of pinnacle and exclusive since 1 yr and AMB on month to month is under 10k. Not charged anything by indusind so far. Just make sure both are linked to same customer id.
 
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