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.

 

[S U D O]

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

 

[S U D O]

@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_guycardio_guy is verified member.]

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

 

[pankaj_ji]

I had zero balance delight account of Indusind. Now I got Indusind Legend CC, how to convert my account into select account??

 

[Humanbeing]

Y

I had zero balance delight account of Indusind. Now I got Indusind Legend CC, how to convert my account into select account??

You can simply call customer support here +91-2250799163 and ask the customer care to upgrade your account to Select variant & they will do it online.

 

[hemantkumar]

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 🏦.

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).

 

[hellobois]

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).

That why I closed the account 😒

 

[skvignesh]

That why I closed the account 😒

Closing procedure? Letter or Form available?

 

[skvignesh]

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).

Sometimes RM will provide wrong info... confirm with Customer care

 

[pankaj_ji]

Sometimes RM will provide wrong info... confirm with Customer care

True...at times RM has hidden agenda...or wants to maximise his own benefit and may misguide too

 

[v4477]

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).

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.

 

[ravindra420]

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 benefits of having indusind select account and debit card ? Any specific usage like credit card bill payment etc. how kuch reward cashback we can get ?