Indusind Bank - Most Value for Money Bank Account

[KumarS]

Similar to IDFC First Select Bank A/c, i am looking for best value for Money Bank A/c (Min bal requirement < 25k) (initial one time higher amount cheque is fine)
- No Debit Card Charges (Fine with Rupay, Visa or MC)
- No Imps charges if possible
- Cheque book required
- Possibility of getting higher level credit card (like i have wealth credit card (LTF) on Select bank a/c from IDFC)

Please suggest, if you know any

 

[KumarS]

Anyone please, guide/share.
I want to first open Indusind Bank A/c and then credit card.

 

[KumarS]

Open Indusind pioneer account with 10L initial deposit

Otherwise max active - 25K MAB

Will go with Max Active.
I didn't read the other a/c

 

[SC_23]

Will go with Max Active.
I didn't read the other a/c

Exclusive is also good if you want to maintain 1 lac mab

 

[KumarS]

Exclusive is also good if you want to maintain 1 lac mab

Thanks for the suggestion. Okay with 1 Lac MAB (if everything else basic services are free), if they offer with good credit card without much fuss.

 

[SC_23]

Thanks for the suggestion. Okay with 1 Lac MAB (if everything else basic services are free), if they offer with good credit card without much fuss.

There's also a thread about how you can make it zero mab if you have some high end cc from indusind. I don't remember the details exactly.

 

[Amitt Aryan]

Open Indusind pioneer account with 10L initial deposit

Otherwise max active - 25K MAB

Yes, max active is more suitable for a beginner.
But if you can park more money then you can choose as per your requirement.

 

[SC_23]

Update----- Applied for Legend Credit Card as of now... It wasn't showing Priority pass in the benefits but Aura Edge one was showing... Will confirm once the card is generated!!

LTF or charges ?

 

[KumarS]

I was also thinking to open one account with them but was hesitant... What credit card did they offer you?

I heard if you have Legend credit card with them, they might open a Select 0 MAB/MQB saving account
and for Pinnacle they have Exclusive saving account.

I am willing for initial funding of 1 Lakh or Max 5 Lakh but don't want this as hard limit of MAB/MQB for my account.
Any screenshot which says below MAB/MQB they won't charge any extra fees...?

@anirbanm Any idea?

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Update----- Applied for Legend Credit Card as of now... It wasn't showing Priority pass in the benefits but Aura Edge one was showing... Will confirm once the card is generated!!

I haven't open bank a/c or got credit card yet, still exploring, once your account and card is done let me know. I am out for 1.5 months month, so can only open the account in end of Sep.

 

[SC_23]

Sure will let you know... After a month or two of Legend credit card will ask for Pinnacle MC one then saving account... Let's see what they offer at that point of time

BTW have you got any official confirmation from their end because I have seen many people complaining how they refuse to honor zero mab with cc.

 

[SC_23]

Otherwise max active - 25K MAB

We can open family account with it right ? BTW primary holder has to maintain mab or it can be shared with other family members?

 

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Btw IndusInd IVR is worst for new customers, they don't have a code to reach to a person if you don't have a account/card number.

True was trying to reach them yesterday regarding max active account 😂

 

[Batmanbaba]

True was trying to reach them yesterday regarding max active account 😂

GO for max active account only if u can keep 25k....as it also gives option to either keep or spend 25k....but spend option is not working currently with account.. Even after merchant spends... They are deducting mab charges... And... There is rule that they can only reverse mab charges once in 6 months .... Twitter is full of such complains....

Customer care is accepting their fault but not doing anything regarding this error...

 

[SC_23]

GO for max active account only if u can keep 25k....as it also gives option to either keep or spend 25k....but spend option is not working currently with account..

Yea that's why I was contacting them regarding if family members can share mab burden. That spend based criteria is one glitch away from becoming a curse.

 

[Dhaval parihar]

Apply indusind partner account
They have an offer going on
Intial deposit 2lac and you get ltf 0mab account

 

[Dhaval parihar]

Thanks for the suggestion mate... But joint account is not an option for me!!

They are also approving invidual soo checkYour nearest branch
It depends upon the branch many users got single user account

 

[BankExpertIndia]

Thanks for the suggestion mate... But am not interested in joint account!!

It Can Also Be Opened As A Single Holder

 

[Dhaval parihar]

@Anirban my indusind account was opened yesterday
But the transaction alerts are very late
Do you face the same

 

[Batmanbaba]

@Anirban my indusind account was opened yesterday
But the transaction alerts are very late
Do you face the same

WhIch variant did u opened....?? Online /offline... How was the account opening experience

 

[Dhaval parihar]

WhIch variant did u opened....?? Online /offline... How was the account opening experience

Indus partner ( individual user )
Offline
2lacs initial funding , 0mab there after
Representative visited my office
Took 15 mins to do all the process the. She visited my home ( just to verify if i lived there )
Thats it