Indulging with Indus Exclusively :)

[anirban.choudhury]

Good Day Everyone,

This post is about my journey with IndusInd , this will be a little different post than the ICICI one as I will not be discussing about the fees plan associated with my card instead this post will mostly be related to my journey with IndusInd. So back in Oct 2022 , I applied for IndusInd Legend card through their online channel and was approved with a limit of 9 lakhs , however when I received my card the limit given was 5 lakhs , within 20 days of using my card I received a message that my card limit has been enhanced to 9 lakhs . Fast forward March 2023, I took an upgrade from Legend to Indulge credit card. Post that I came to know as per the SOB of exclusive savings account , one can maintain an exclusive account with 0 fund if an Indulge/Pinnacle credit card can be linked to account as surrogate . Till this time I had no banking relation with IndusInd , so I had to 2 options either open a basic 0 MAB account with IndusInd online and then get that upgraded to Exclusive account from branch or to directly open a Exclusive account online
I am not a fan of HNI banking and also as per principle I never open a account with huge IP just for credit card . So point 1 seems more feasible to me , I went ahead and opened a 0 MAB account online and got a virtual DC and a physical Titanium DC charged 249 Rs. Post completing my VKYC , I visited IndusInd branch and submitted the upgrade form to upgrade my account to Exclusive , the upgrade was processed in 7 days as 3 days were taken for approval as my account didn’t had the minimal balance required for Exclusive account . Post the upgrade I received my welcome kit which had a visa signature DC , also just when my account got upgraded I raised a request through phone banking to give a MC Exclusive DC as well , so I received both my Visa and MC DC .
P.S - I also tried to get Pioneer World Heritage Credit Card but that request was denied as I don’t have any Pioneer relation with Indus Ind
IndusInd gives 5 add-on cards so I took all 5 for my family members, Indulge add-on also gets unlimited lounge access through PP
Below is a picture of my current portfolio with IndusInd

Cheers

 

[pprakash11]

Is Select Debit Card LTF with Select account variant ?
How much initial deposit is required for opening select account online ?

Yes.
50K.

 

[krishc]

Yes.
50K.

during the account opening process is there any requirement of visiting branch ?

 

[pprakash11]

during the account opening process is there any requirement of visiting branch ?

No. 100% complete online process.

 

[krishc]

in that case I'll get the LTF legend being advertised here!
open select account and link legend to get it to be 0 MAB!
would work I hope

 

[pprakash11]

in that case I'll get the LTF legend being advertised here!
open select account and link legend to get it to be 0 MAB!
would work I hope

Yes, that's what I have done rn !

 

[mojo_jojo123]

Pta sabhi Branch staff ko hota hai.
Koi branch kyu chayegi ki 1 lakh AMB wale Account m koi Zero Balance rakhe.
Isley yeh Branch Staff notanki karte hai.
Open Select And link Legend
Or Open EXCLUSIVE and link Pinnacle yourself and enjoy Zero MAB.

Do not ask branch staff.
You have to link CC yourself via netbanking.
Branch has no role in it except opening of Select/Exclusive Account.

If I have a select account and link it with indusind legend cc it will become 0 balance account .. Can I open one more account for my spouse under family banking of my select account and will it also be 0 balance account ? [ ready to pay Initial cheque ]

 

[mojo_jojo123]

Yes, that's what I have done rn !

Can we add family member to such select account and make it also 0 Balance ?

 

[Hitman_107]

Can we add family member to such select account and make it also 0 Balance ?

Add on account is working i guess. You van add mostly..

 

[pprakash11]

If I have a select account and link it with indusind legend cc it will become 0 balance account .. Can I open one more account for my spouse under family banking of my select account and will it also be 0 balance account ? [ ready to pay Initial cheque ]

Yes. 4 members can be added without any initial cheque (depends on branch).

It will also be 0 MAB

 

[mojo_jojo123]

Yes. 4 members can be added without any initial cheque (depends on branch).

It will also be 0 MAB

Thanks .. how can we confirm if those account are 0 MAB ?

 

[pprakash11]

Thanks .. how can we confirm if those account are 0 MAB ?

Because in monthly statement, under AMB balance requirement it's written. Balance/ FD Relationship to be maintained by primary account holder..
And Add ON account holder name is too::
Indusind select ADD ON

 

[mojo_jojo123]

Because in monthly statement, under AMB balance requirement it's written. Balance/ FD Relationship to be maintained by primary account holder..
And Add ON account holder name is too::
Indusind select ADD ON

Thanks .. my local branch person is telling I need to maintain 1L for addon in select ac .. even If I have surrogate cc product in primary .. I think they are unaware

 

[Wealth is my birth right!]

Because in monthly statement, under AMB balance requirement it's written. Balance/ FD Relationship to be maintained by primary account holder..
And Add ON account holder name is too::
Indusind select ADD ON

When we received exclusive statement last month?
10 or 20th

 

[pprakash11]

When we received exclusive statement last month?
10 or 20th

11th March

 

[pprakash11]

Thanks .. my local branch person is telling I need to maintain 1L for addon in select ac .. even If I have surrogate cc product in primary .. I think they are unaware

Yup. They are unaware. See this for reference.

 

[Wealth is my birth right!]

11th March

So this April we can expect anytime
Just waiting to get confirmed in statement surrogate pinnacle thanks

 

[pprakash11]

So this April we can expect anytime
Just waiting to get confirmed in statement surrogate pinnacle thanks

Yes. Don't know why Indusind is so slow in sending statements. 🥲

 

[D7162]

Quick Question - In exclusive account - Can we add family members later on ?

 

[pprakash11]

Quick Question - In exclusive account - Can we add family members later on ?

Yes. Not necessarily at the time of primary account holder Opening.

 

[Wealth is my birth right!]

Yes. Not necessarily at the time of primary account holder Opening.

Adding means existing family members should have basic account with IndusInd?
Till today my exclusive is solo only