IndusInd select saving account non maintenance charges

[ravindra420]

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

Is this give cashback using MobiKwik for cc payment?

 

[Abhishek012]

Is this give cashback using MobiKwik for cc payment?

No . .

 

[pankaj_ji]

No bro, I've confirmed with the bank and the 0AQB by linking CC still applies. Just upgraded to Exclusive from Select account by linking Pinnacle. I would say if you have Pinnacle/ Legend CC, then it doesn't hurt to have the respective accounts. Golf and lounge access and some other stuff are good.

What documents are needed for upgrade to select account ?

Can it be done online?

Please reply .only if tried

 

[ravindra420]

No . .

What other benefits of indusind select account and debit card ? I am having legend credit card so looking for a new bank account open with indusind. If no good benefits then will look for another option. Any account you suggest?

 

[adhyanrules]

I talk to my RM yesterday regarding my interest in legend credit card for zero. AQB. Select account and then she told me that this service has been discontinued from the last quarter. And now we need to maintain 100000 AQB for Select account ( previously 50000).

Don't trust the RM. They want more funds in the account. You can see the latest schedule of changes on the bank website. Complain to customer care for any issues, however, even IndusInd customer care associates are not well aware of the benefits.

 

[pankaj_ji]

Which Indusind Debit Card is better for credit card bill payments?

Signature Select or Platinum Select??

 

[rdg]

Which Indusind Debit Card is better for credit card bill payments?

Signature Select or Platinum Select??

Any of the Signature Debit Card is good for CC Bill payment, especially if you spend over 40k a month.