Indusind launched new private pioneer account

[Bhagat Singh]

Indusind launched new pioneer private current and savings account.
Eligibility is 1 cr in casa or 3 cr trv.

Welcome Kit for PIONEER Private Savings Account | IndusInd Bank

Find everything that you need to get started with your new IndusInd Bank PIONEER Private account. Set debit/credit card PIN, enable banking services and much more. Visit now.

www.indusind.com

Pioneer Private Infinite Debit Card

www.indusind.com

All other benefits seems similar to normal pioneer account except there is no account closure charges.

And debit card reward points value is 1 point =1 rs

Vs normal pioneer 1 point = 50 paisa.

If anyone using this account

Do share your experience!!

I heard it's welcome kit is also delivered in normal paper like pioneer account.

Schedule of charges and links attached below

 

[doraemon]

Do we have to maintain 1 cr?
Or is it one time affair?

 

[SonyTom]

Website says the pioneer private debit card has complementary lounge access across the globe. Its via priority pass.

Guess how many- 1 per quarter !!!

Its an insult to people who take this HNI account. What is Indusind thinking ?

 

[pgarg24]

Not that much attractive considering 1cr AQB over normal pioneer account. Reward rate for private pioneer debit card is 1% (normal pioneer have 0.5%).. not much difference considering we have other better reward point system in different banks..

Bms is same 1k and lounge access is normal too. Overall i think pioneer is better in long run.

 

[SonyTom]

Not that much attractive considering 1cr AQB over normal pioneer account. Reward rate for private pioneer debit card is 1% (normal pioneer have 0.5%).. not much difference considering we have other better reward point system in different banks..

Bms is same 1k and lounge access is normal too. Overall i think pioneer is better in long run.

Yes and the gap is too much. Almost 10 times in savings or as TRV. But with minor extra benefits only.

 

[pgarg24]

Yes and the gap is too much. Almost 10 times in savings or as TRV. But with minor extra benefits only.

Yeah, I would have thought atleast 2% cashback on rp, with bms 1.5k atleast.

 

[codenerd]

Indusind launched new pioneer private current and savings account.
Eligibility is 1 cr in casa or 3 cr trv.

Welcome Kit for PIONEER Private Savings Account | IndusInd Bank

Find everything that you need to get started with your new IndusInd Bank PIONEER Private account. Set debit/credit card PIN, enable banking services and much more. Visit now.

www.indusind.com

Pioneer Private Infinite Debit Card

www.indusind.com

All other benefits seems similar to normal pioneer account except there is no account closure charges.

And debit card reward points value is 1 point =1 rs

Vs normal pioneer 1 point = 50 paisa.

If anyone using this account

Do share your experience!!

I heard it's welcome kit is also delivered in normal paper like pioneer account.

Schedule of charges and links attached below

Does normal indusind pioneer account have account closure charges?

 

[Das.N]

Itna sara Average Quarterly Balance dekhne ke baad mein ek baat kehna chahta hoon, "Mere liye toh Indusind ke select account hi sahi hai".Kaam daam mein accha maal.

Normal Pioneer account hi aukat ke bahar tha, Private Pioneer account to soch ke bhi bahar hai.

 

[SonyTom]

Itna sara Average Quarterly Balance dekhne ke baad mein ek baat kehna chahta hoon, "Mere liye toh Indusind ke select account hi sahi hai".Kaam daam mein accha maal.

Normal Pioneer account hi aukat ke bahar tha, Private Pioneer account to soch ke bhi bahar hai.

True. Select is the best. And if you can make it zero mab with legend, then super.

Pioneer is for people who already have the required balance.

What I have seen with banks is that, they don’t upgrade customers to such premium banking services by default. Technofino is playing a major role by educating banking customers about such services so that customers can demand these from banks.

 

[m4b]

Any hack to get this at 0mab using an IndusInd CC?

 

[Bhagat Singh]

Does normal indusind pioneer account have account closure charges?

Yes if you close normal pioneer account before 6 months than you have to pay 200 rs or total balance in account whichever is lower as closing charges.
Eg if you have 500 rs in account they'll deduct 200 rs
But if you have just 10 rs than they'll only deduct 10 rs won't ask you to deposit rest 190 rs.

 

[Bhagat Singh]

Do we have to maintain 1 cr?
Or is it one time affair?

I have asked clarification from pioneer private team regarding same.


1. I asked what's the lowest IP they'll accept for private account as I don't want to give more than 5 lakhs IP.

2. I asked what if i withdraw that 5 lakhs too after account opening. What will they do??

I'm already have

Exclusive

Grande

Pionner

Indie

Account in indus and i do not maintain as their service is extremely pathetic.

If you go to branch for anything even for cash deposit or asking basic query they'll make you wait 3-4 hours. Than they might say sorry and ask to visit after few days.

Any hack to get this at 0mab using an IndusInd CC?

No.

Website says the pioneer private debit card has complementary lounge access across the globe. Its via priority pass.

Guess how many- 1 per quarter !!!

Its an insult to people who take this HNI account. What is Indusind thinking ?

Yes only difference in features is of debit card cashback of 1% instead of 0.5%

But they never credit complete cashback. Always credit 30-50% and always close complaints without any resolution or remarks.

 

[codenerd]

Yes if you close normal pioneer account before 6 months than you have to pay 200 rs or total balance in account whichever is lower as closing charges.
Eg if you have 500 rs in account they'll deduct 200 rs
But if you have just 10 rs than they'll only deduct 10 rs won't ask you to deposit rest 190 rs.

Thanks a lot. I will maintain 5-10 when I can and when I cant, I will have 10 rs, close my debit card first to avoid charges and then ask for downgrade/account closure. I dont think closing saving acc affects cibil score.

 

[theflash]

Ig

Yes if you close normal pioneer account before 6 months than you have to pay 200 rs or total balance in account whichever is lower as closing charges.
Eg if you have 500 rs in account they'll deduct 200 rs
But if you have just 10 rs than they'll only deduct 10 rs won't ask you to deposit rest 190 rs.

If 0 then.?

 

[imdjay]

Ig

If 0 then.?

if it is -ve by any chance. They will pay the 200rs. amount.

 

[Bhagat Singh]

Ig

If 0 then.?

If 0 than no charges. They'll close it.

if it is -ve by any chance. They will pay the 200rs. amount.

Yes if balance is negative upto 5000 rs they'll wavie it off. But this wavier is for all accounts even normal basic 10k.

It depends on your branch manager

 

[sxchzy]

they wont charge non mainteneance charges but will downgrade you within 3-6 months
plus they havent included any asset products for nrv calculation
only liability products are being considered

 

[SonyTom]

Does anyone here with a Pioneer account ever received any useful offer from bank side like any good credit card LTF or anything similar ever just because they had pioneer account?

 

[Bhagat Singh]

Does anyone here with a Pioneer account ever received any useful offer from bank side like any good credit card LTF or anything similar ever just because they had pioneer account?

Been using pionner account since 3 years now.
Never received any offer from indusind bank let alone for being a pioneer customer.

Even if any offer is rolled out bank staff is not capable to help.

Even yesterday i went to indus for applying indus paywear ring. But branch was unaware.

A friend of mine went to close indus max active account. They asked him to sign closure form and write his mobile number on form.

Later they closed his indie account instead of max active account.

When he inquired. He found out that , the agent who took his closure form . She filled wrong account number.

 

[SonyTom]

Been using pionner account since 3 years now.
Never received any offer from indusind bank let alone for being a pioneer customer.

Even if any offer is rolled out bank staff is not capable to help.

Even yesterday i went to indus for applying indus paywear ring. But branch was unaware.

A friend of mine went to close indus max active account. They asked him to sign closure form and write his mobile number on form.

Later they closed his indie account instead of max active account.

When he inquired. He found out that , the agent who took his closure form . She filled wrong account number.

Horrible. So no much benefit in upgrading from Grande to Pioneer other than probably the pioneer metal debit card (which has same features as the pioneer plastic debit card). Thanks for the details.