Why IndusInd is so desperate for EMI Conversion?

[Chaitanya-a]

I literally get atleast 10 messages daily via SMS and Email from IndusInd to convert my purchase into EMIs.

Never seen any other bank being so desperate for EMIs. Frequency is so much so that it is sufficient to irritate even a patient person.

 

[VISHESH_BANSAL]

I literally get atleast 10 messages daily via SMS and Email from IndusInd to convert my purchase into EMIs.

Never seen any other bank being so desperate for EMIs. Frequency is so much so that it is sufficient to irritate even a patient person.

View attachment 12624

MY Spends are Zero. Only Merchant EMI is billed every month. Yet I receive same message i.e, Convert your outstanding in EMI.

 

[Chaitanya-a]

MY Spends are Zero. Only Merchant EMI is billed every month. Yet I receive same message i.e, Convert your outstanding in EMI.

When I asked them to stop this on twitter, they sent 'Do not call' registration link.

 

[Slayer]

When I asked them to stop this on twitter, they send 'Do not call' registration link.

Once I spent 1.5L on Cashback and was receiving calls to convert to EMI every fucking day

 

[akshayhs]

They offered so many of their cards free of charges and now they have to make money desperately in one way or the other. So I guess they are counting on at least 10% of their email recipients to do it.

 

[Chaitanya-a]

Can u share that link

Do Not Call Registration - IndusInd Bank

In our endeavour to provide best-in-class services, IndusInd Bank communicates customers about products and services from time to time. If you don’t wish to be informed, opt for our Do Not Call registration.

indusind.com

 

[karankayastha]

I get add on card massages more than this idk why they are so desperate to issue add ons

 

[Patil007]

I literally get atleast 10 messages daily via SMS and Email from IndusInd to convert my purchase into EMIs.

Never seen any other bank being so desperate for EMIs. Frequency is so much so that it is sufficient to irritate even a patient person.

View attachment 12624

True same here

 

[Ad.Astra]

I literally get atleast 10 messages daily via SMS and Email from IndusInd to convert my purchase into EMIs.

Never seen any other bank being so desperate for EMIs. Frequency is so much so that it is sufficient to irritate even a patient person.

View attachment 12624

HDFC also does this. I receive such email atleast once in two weeks.
After all, processing fee and interest rates are the largest source of revenue for CC issuing banks, they definitely would want consumers to avail EMIs .😄

 

[Rahul92]

I've zero spend on their cc but they call and irritate to take loan on credit card.

 

[Slayer]

I've zero spend on their cc but they call and irritate to take loan on credit card.

Average HDFC CC experience

 

[Chaitanya-a]

HDFC also does this. I receive such email atleast once in two weeks.
After all, processing fee and interest rates are the largest source of revenue for CC issuing banks, they definitely would want consumers to avail EMIs .😄

Fortunately I don't get any communication from hdfc 😂

 

[Indian]

Spammer of the year 1st prize goes to INDUSIND ,2nd prize IDFC first and 3rd Kotak, I marked their emails as SPAM so I'm not going to lose their any important communication than giving CONSENT for DND is BLANKET ban

What they want from us?
IndusInd > Need to pay EMI every month either convert outstanding or loan against credit card
IDFC first > Need to convert my image card or get WOW Card
Kotak > need to take their Insurance and use our card at unimpressive cashback offers

 

[Chaitanya-a]

Spammer of the year 1st prize goes to INDUSIND ,2nd prize IDFC first and 3rd Kotak, I marked their emails as SPAM so I'm not going to lose their any important communication than giving CONSENT for DND is BLANKET ban

What they want from us?
IndusInd > Need to pay EMI every month either convert outstanding or loan against credit card
IDFC first > Need to convert my image card or get WOW Card
Kotak > need to take their Insurance and use our card at unimpressive cashback offers

And then there is RBL who does harmless spamming like sharing how to be safe from this or that fraud 😂 daily 2-3 mails atleast and messages about offers on their cards.

 

[Patil007]

Spammer of the year 1st prize goes to INDUSIND ,2nd prize IDFC first and 3rd Kotak, I marked their emails as SPAM so I'm not going to lose their any important communication than giving CONSENT for DND is BLANKET ban

What they want from us?
IndusInd > Need to pay EMI every month either convert outstanding or loan against credit card
IDFC first > Need to convert my image card or get WOW Card
Kotak > need to take their Insurance and use our card at unimpressive cashback offers

Cons of taking too many credit cards.

Ab bhugato 🤣 .

For me,

IndusInd, IDFC, Kotak getting calls and sms, emails.

RBL: there apps push notification.

Bajaj wale to alag level pe he 🤣

 

[Chaitanya-a]

Also, now a days most banks offering discounts only in EMI transactions, I think it will be a new normal going forward.

If that is going to be new normal, then I'm surely out of the game. Offline shopping krenge 🤣

 

[Chaitanya-a]

But that also you have to do EMI if you want instant discount.

Will let go card discounts but won't fall for this EMI shit. 😅

 

[Venky]

The personal loan text, and “Since you’re the best…” automated calls makes me hate that bank more each time.

 

[panchabhut]

First they made manual calls for loas & EMI, sometimes 3 calls a day - I kept blocking each no.
Then they started automated calls - I kept blocking each no.
Now they just send sms.

 

[Chaitanya-a]

First they made manual calls for loas & EMI, sometimes 3 calls a day - I kept blocking each no.
Then they started automated calls - I kept blocking each no.
Now they just send sms.

I think they're providing CCs for free just to get customers for cross selling.

Other banks do this as well but IndusInd's desperation is too high. Their main motive is selling loans only.