IndusInd select saving account non maintenance charges

[hellobois]

I have been charge Rs 900 as non maintenance charges on my IndusInd select saving account. My select savings account is already linked with Legend credit card. Still I was charged rupees 900.
I visited Bank branch yesterday and closed both of the IndusInd Bank savings account. Indus Indie and select both have been closed.
Very indecent behaviour from IndusInd Bank 🏦.

 

[Das.N]

I have been charge Rs 900 as non maintenance charges on my IndusInd select saving account. My select savings account is already linked with Legend credit card. Still I was charged rupees 900.
I visited Bank branch yesterday and closed both of the IndusInd Bank savings account. Indus Indie and select both have been closed.
Very indecent behaviour from IndusInd Bank 🏦.

They would easily reverse those charges if you complained online.
There was no need to close the account.

 

[hellobois]

They would easily reverse those charges if you complained online.
There was no need to close the account.

I was not using the account for the last 1.5 years. RM was constantly calling for fund transfer. Was irritated a bit + there was literally no use of this account.
Already have RBL signature+ DC and HDFC platinum DC so total 1.75 lakh spends per month is covered with better reward as compared to IndusInd. My genuine spends are only 40-50k per month so everything sorted.

 

[sudoabhi]

RBL signature+ DC

Can you tell more about this. Which account you have and fee/charges etc..?

 

[pinki]

Can you tell more about this. Which account you have and fee/charges etc..?

@Abhishek012 commander will explain better with लाल स्याही ,🤗

 

[Abhishek012]

Can you tell more about this. Which account you have and fee/charges etc..?

All RBL account eligible for this debit card. Get 2% Cashback on credit card bill payment.

Use RBL Signature+ debit card. Best debit card ever and get approx 2% Cashback on Credit card bill payment.

Return Ratio: If you max. out the spends, i.e. 1L per month X 12= 12L in a year, you receive:

1. 1000 GV per month X 12 = 12K points
2. 5000 GV per year X 1 = 5K points

Total= 17K on an effective joining fee of (5900-5000)= 900 INR. Renewal fee anyway will be Zero from next year upon spending 3L+ in previous year.

• Return Percentage for 1st year= (17K-900)/12L ~ 1.34%
• Return percentage next year onwards= 17K/12L ~ 1.41%

Best Value: If your spends aren’t that high, hitting 5L in a year is the sweet spot.

In 1st year You get 5K Monthly + 5K Annual benefit = (10K-900)/5L ~ 1.82%

And next year onwards you get (5K + 5K)/5L ~ 2%

If you spend more than 12L in a year, return value goes downwards. As you can see, this card holds good till annual spends of 12L max only (preferably 1L per month spend with minimum 10K in a month to earn cashbacks as GV)

Where you use this debit card ?

SBI Unipay - https://customer.sbiunipay.sbi/CustomerPortal/quickPay

Canara Setu - https://billpe.setu.co/1428576343393568731/billers/Credit-Card

Airtel app - https://play.google.com/store/apps/details?id=com.myairtelapp&hl=en_IN

Navi app - https://play.google.com/store/apps/details?id=com.naviapp&hl=en_IN&gl=IN

 

[sudoabhi]

@Abhishek012 thank you

 

[itzmycard]

@Abhishek012 which rbl savings account would you recommend for balance < 1L ?

 

[CosmicCat]

I have been charge Rs 900 as non maintenance charges on my IndusInd select saving account. My select savings account is already linked with Legend credit card. Still I was charged rupees 900.
I visited Bank branch yesterday and closed both of the IndusInd Bank savings account. Indus Indie and select both have been closed.
Very indecent behaviour from IndusInd Bank 🏦.

It indeed is a really unpredictable and awful bank. Due to such instances I read online, I didn't open the Select savings account and also closed my one month-old Legend credit card yesterday.

 

[Abhishek012]

@Abhishek012 which rbl savings account would you recommend for balance < 1L ?

Open any 2.5k, 5k, 10k or higher RBL saving account- offline

Online account open also available MAB 5k but open online account if RBL bank branch available in your city.

@sudoabhi

 

[cardio_guy]

Latest schedule of charges for Indusind Select Account from Nov 15 2024 onwards:

https://www.indusind.com/content/dam/indusind-corporate/schedule-of-charges/savings-account/SOB-SELECT-30-12-2022.pdf