Indusind charged 1% for utility

[nandhakumar]

Indusind bank charge 1% for utility payment and wallet loading

 

[Buttman]

Edit: Link to pdf

 

[vaibhav111vaibhav111 is verified member.]

Link to pdf-https://www.indusind.com/content/dam/indusind-corporate/Other/TC_1percent_Fee_on_Utility_and_Wallet_Load.pdf?__sta=QUBJIFIQUIHJYVVTFFF-Is%7CIFFBIJU&__stm_medium=email&__stm_source=smartech

pls add in the tile which induslnd cc it refer too?

 

[Strange]

Link to pdf-https://www.indusind.com/content/dam/indusind-corporate/Other/TC_1percent_Fee_on_Utility_and_Wallet_Load.pdf?__sta=QUBJIFIQUIHJYVVTFFF-Is%7CIFFBIJU&__stm_medium=email&__stm_source=smartech

https://www.indusind.com/content/dam/indusind-corporate/Other/TC_1percent_Fee_on_Utility_and_Wallet_Load.pdf

. . .

 

[telescope]

Link to pdf-https://www.indusind.com/content/dam/indusind-corporate/Other/TC_1percent_Fee_on_Utility_and_Wallet_Load.pdf?__sta=QUBJIFIQUIHJYVVTFFF-Is%7CIFFBIJU&__stm_medium=email&__stm_source=smartech

This is better than a blanket ban. The limit is generous enough.

 

[s1t2y3a3m6]

Ab indusind me tha kya jo devalue ho gya ?

 

[dravidsarang]

Given the fact IndusInd CC(s) are not much of a value to most, this devaluation (with a good amount range) should not impact much.

 

[Animal]

Btw is anyone in the forum really using it for 25K utility/ 20K wallet loading. Don’t think it’s going to impact anyone.

 

[BVCBVC is verified member.]

pls add in the tile which induslnd cc it refer too?

Seems for all cards. Have edited the title to Credit Cards. Welcome to the world of Capping on Utilities and Wallet loads. Thank god, they haven't touched Fuel surcharge waiver.

 

[BVCBVC is verified member.]

Btw is anyone in the forum really using it for 25K utility/ 20K wallet loading. Don’t think it’s going to impact anyone.

There are people not on the forum I suppose who are paying huge Electricity bills/Corporate telephone bills for their commercial properties, factories and power equipment. Using credit cards for rotation purpose and these are low MDR categories for banks and high credit risk too. That's the reason many banks are limiting these categories.

I know one person and he is my friend use Rupay Cards (Yes Rupay, Tata Neu Infinity) for purchase of raw materials for his business and pay his uncle's business utility bills (Around 4-5L per month). so banks wants to limit these category and keep reward structure sustainable. As you said for fair usage this doesn't matter and no need to worry.

 

[BhaiyaJi]

 

[Das.N]

Waise bhi Indusind ka card kone mein pada rehta hai.
Select account maintain karne k liye.
Jab kuch bhi usage hi nahi tab devaluation ka kaisa darr!

 

[Kamalraj]

After Hdfc, Idfc, yes, now Indusind bank will also charge on utility payment and wallet transaction,

Indusind Bank will charge 1% on utility charges above Rs 25,000 per month and wallet load above Rs 20,000 from October
I don't understand why banks are behind utility payments


2024 should be renamed as devaluation/charges year


Looks like the day is not far when we will have to give reward point cashback to the bank for using credit cards,

 

[BhaiyaJi]

Kis kisko lagta hai ke IndusInd ne ye FOMO mai aake kiya hai?

 

[BhaiyaJi]

Very intelligently they have not given us 1 month notice with this "effective from statements generated in October 2024." statement. So even the transactions done in September will come under this devaluation.

 

[Anindya98]

Mod @BVC @vaibhav111 Merge the threads

Thread 'After Yes, Hdfc, Idfc indusind bank Introduce new charges'

Aug 28, 2024

After Hdfc, Idfc, yes, now Indusind bank will also charge on utility payment and wallet transaction,

Indusind Bank will charge 1% on utility charges above Rs 25,000 per month and wallet load above Rs 20,000 from October
I don't understand why banks are behind utility payments


2024 should be renamed as devaluation/charges year


Looks like the day is not far when we will have to give reward point cashback to the bank for using credit cards,

• Kamalraj
• charges hdfc idfc indusind indusind bank utility yes
• Replies: 1
• Forum: Credit Card - General

• 

 

[BVCBVC is verified member.]

Locked and @vaibhav111 Please merge with this thread.

B

Devaluation Thread 'Indusind to charge fees for Credit Cards for wallet loads upwards of 20,000 and Utilities for over 25,000 (For all Indusind Ccs)'

Aug 28, 2024

Edit: Link to pdf

• Buttman
• indusind utilities wallet
• Replies: 18
• Forum: IndusInd Bank Credit Card

 

[BVCBVC is verified member.]

@vaibhav111 Please merge with this.

B

Devaluation Thread 'Indusind to charge fees for Credit Cards for wallet loads upwards of 20,000 and Utilities for over 25,000 (For all Indusind Ccs)'

Aug 28, 2024

Edit: Link to pdf

• Buttman
• indusind utilities wallet
• Replies: 18
• Forum: IndusInd Bank Credit Card

 

[Buttman]

pls add in the tile which induslnd cc it refer too?

Added! Was at work

 

[Buttman]

Btw is anyone in the forum really using it for 25K utility/ 20K wallet loading. Don’t think it’s going to impact anyone.

I think people are using snapay to transfer and i heard Snapay has utility mcc. So now that will get affected!