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?