Yes, and even that will stop from 1st Nov as the Platinum Select card is being removed from the IndusRewards programme. I just applied for the card 2 days back. 🙂
At least, I'll earn that 700 cashback for this month.
Yes that's how it happened practically. Used to get 2k points on 79.3k itself.
I have not used indus in last 5-6 months. So don't know if this is still valid. Try it and let me know.