IndusInd Pioneer Debit Card a Metal Masterpiece or a Deceptive Delusion?

[rahular]

Hey there! I recently went through a long process of upgrading my account to IndusInd Pioneer account. After a lot of back and forth with the rm, it took almost 3 months to finally get the upgrade done. But now that I have received the debit card, I can't help but notice that it's definitely not made of metal, even though it looks like it.

I'm curious to know if it's just me or if everyone who gets this card feels the same way. I mean, I understand that looks can be deceiving, but it's a bit disappointing to not get what you were expecting.

Overall, the process of upgrading to the IndusInd Pioneer account was quite tedious, but I'm hoping that the benefits that come along with it will make it all worth it in the end. And who knows, maybe the non-metal card will surprise me in some other way!

Anyone who feels the same as me ? Let's discuss!

 

[simal]

There are 2 variants of Pioneer debit card, the default card is plastic card. You can request your RM to place a request for Metal debit card now, as you dont get this option from net banking, you should get your new metal card in a few days after your RM places the request.

 

[EINSTEIN]

Plastic and metal one looks exactly the same.
Difference is in weight and starting digits of card number

 

[rahular]

There are 2 variants of Pioneer debit card, the default card is plastic card. You can request your RM to place a request for Metal debit card now, as you dont get this option from net banking, you should get your new metal card in a few days after your RM places the request.

Thank you for sharing this info, Just to confirm, will there be any additional charges that I will have to pay for the metal card?

 

[EINSTEIN]

Thank you for sharing this info, Just to confirm, will there be any additional charges that I will have to pay for the metal card?

No but replacement charges are there in case you lost the card before expiration

 

[digits]

what did you do to upgrade account
what is mab

 

[Bodhi]

what did you do to upgrade account
what is mab

+1

Please share your journey @rahular

Cheers!

 

[rahular]

As a customer of IndusInd Bank for over three years now, I have always been impressed with the bank's forex charges and attractive interest rates. So when I heard about their Pioneer Account, I was intrigued and asked my Relationship Manager (RM) about upgrading my account. Despite meeting the minimum balance requirement of 10 lakhs, my RM initially did not upgrade my account upon my request. This was frustrating,(My RM was new) then they told if you maintain a bigger minimum balance they will upgrade the account, After several attempts telling my RM, as well as increasing the balance I finally received confirmation that my account had been upgraded (took 3 months)

Overall, my experience with IndusInd Bank's Pioneer Account has been exceptional. While the process of upgrading was a bit cumbersome, the end result has been well worth it. I would highly recommend the Pioneer Account to any IndusInd Bank customer looking for a premium banking experience.

 

[Bodhi]

As a customer of IndusInd Bank for over three years now, I have always been impressed with the bank's forex charges and attractive interest rates. So when I heard about their Pioneer Account, I was intrigued and asked my Relationship Manager (RM) about upgrading my account. Despite meeting the minimum balance requirement of 10 lakhs, my RM initially did not upgrade my account upon my request. This was frustrating,(My RM was new) then they told if you maintain a bigger minimum balance they will upgrade the account, After several attempts telling my RM, as well as increasing the balance I finally received confirmation that my account had been upgraded (took 3 months)

Overall, my experience with IndusInd Bank's Pioneer Account has been exceptional. While the process of upgrading was a bit cumbersome, the end result has been well worth it. I would highly recommend the Pioneer Account to any IndusInd Bank customer looking for a premium banking experience.

Thank you very much @rahular

So for how long does one have to maintain MAB of 10L or above to get upgraded?

Is it not done automatically by the bank after the required period?

 

[rahular]

I am certain that the bank does not perform this process automatically. According to my relationship manager, maintaining a net asset value (NAV) of 10 lakh or more for a period of at least 6 months is necessary for eligibility
Here is a brief summary of the entire process:
1. Get a IndusInd Bank Exclusive account Min Balance 2 Lakh
2. Maintain a total nav of 10 lakh and above for a period of 8 months,
3. Request RM for a upgrade to pioneer. In 3 to 4 months your account will get upgraded, if not earlier.

 

[Bodhi]

I am certain that the bank does not perform this process automatically. According to my relationship manager, maintaining a net asset value (NAV) of 10 lakh or more for a period of at least 6 months is necessary for eligibility
Here is a brief summary of the entire process:
1. Get a IndusInd Bank Exclusive account Min Balance 2 Lakh
2. Maintain a total nav of 10 lakh and above for a period of 8 months,
3. Request RM for a upgrade to pioneer. In 3 to 4 months your account will get upgraded, if not earlier.

Cheers @rahular

Appreciate the information and your patience in providing it.

 

[NOOBY]

I am certain that the bank does not perform this process automatically. According to my relationship manager, maintaining a net asset value (NAV) of 10 lakh or more for a period of at least 6 months is necessary for eligibility
Here is a brief summary of the entire process:
1. Get a IndusInd Bank Exclusive account Min Balance 2 Lakh
2. Maintain a total nav of 10 lakh and above for a period of 8 months,
3. Request RM for a upgrade to pioneer. In 3 to 4 months your account will get upgraded, if not earlier.

will taking out money convert it back to normal account or will it remain Pioneer ??

As ICICI doesn't downgrade Wealth Account (As of now) but Axis does with Burgundy so wanted to know about IndusInd

 

[Bodhi]

will taking out money convert it back to normal account or will it remain Pioneer ??

As ICICI doesn't downgrade Wealth Account (As of now) but Axis does with Burgundy so wanted to know about IndusInd

+1

 

[gabzvee]

I have all basic savings accounts everywhere and was trying to understand what are the practical benefits of the premium savings account types/experiences?
I've got a Fi (Federal Bank) account and an SBI savings account and idk what could elevate my experience beyond it...?

Also, thanks for sharing your journey above, it's incredibly informative and educational to a beginner like me 😁

 

[mgforce]

I too am exploring Pioneer Account with IndusInd.

Even I am told similar to what @rahular shared here. Upgrade is always difficult as they need to see that Customer is worth Pioneer and so require TRV etc over few months.

The shortcut here is that if you open a new account say in name of your family member (who is NTB - new to bank) and herein do 10L funding (if offline) or < 1L funding (if online) then account is directly opened as Pioneer. Then you get a few months to fund further. And then can request for existing accounts to be grouped and updated to Pioneer

PS: I have not tried this route, but thinking of the same.

 

[HazelBlotch]

I have all basic savings accounts everywhere and was trying to understand what are the practical benefits of the premium savings account types/experiences?
I've got a Fi (Federal Bank) account and an SBI savings account and idk what could elevate my experience beyond it...?

Also, thanks for sharing your journey above, it's incredibly informative and educational to a beginner like me 😁

It is pretty much just better customer service and better pre-approved credit card offers (not even the case for HDFC)

 

[jack333]

@rahular @Kartik2022
Do they downgrade or impose any non maintainence charges in case of balance shortfall?

 

[EINSTEIN]

No definite answer yet. No instance of downgrade has been reported yet in this community. But their affluent banking team says that they downgrade after non maintenance for 2-3 quarters.
I am maintaining TRV so won’t be able to check.
We need a volunteer to find out.

 

[aashokk09]

The poineer debit card mentions free 4 complimetary tickets in a quater worth 1000 each on BMS. is the tickets BOGO or we can get 2 tickets paying for single ticket we can avail the offer? @Kartik2022 @mgforce

 

[EINSTEIN]

It’s buy one get one free up to 4 free tickets a month with maximum 1000 off for that free one.
for example if you buy 2 tickets each worth 750, you will only have to pay 750 plus convenience fee not 1500 plus convenience fee. It cannot be used for booking single ticket, only buy even number of tickets using this.