Indusind Bank Non Mantainence Account Offer

[bhavyegoel]

Indusind Bank is offering a non mantainence waiver offer on all of its accounts which are placed equal to lower than its Exclusive account for an initial high value account opening cheque which gives you host of benefits. With an exclusive account you get
1) Lockers on Discount with 1st year complete locker fee waiver!
2) Attractive Interest Rates
3) 20% off on BigBasket
4) Zero Forex Markup Debit Card
5) 20% off on Swiggy on Weekends
6) BMS BOGO Offer
7)Upto 0.92% cashback on monthly spends of ₹1,13,000 per month using Exclusive Debit Card - If you have a signature exclusive debit card and if you spend 1.13L (single transaction) you can earn 0.92% flat cashback (in form of reward points, redeemable against cash).

Account variant and required initial funding-



Offer period- 1st Oct to 31st Oct, 2022.

Offer valid till 31st October 2022. Go rush as this is the best time to get a non mantainence premium account for life. The initial funding is very small IMO for the benefits offered. #NotSponsored

Offer Link https://www.indusind.com/in/en/personal/offers/savings-account-festive-offers-tnc.html

 

[pradeepG]

I contacted my RM today and he confirmed that the promo code is still being applied and it will be zero bal LTF

Exactly same words as was from my RM in November 2022.

Just mail CC if and when any charges are deducted. else statement mention will correct in next iteration.

 

[Rahul Gupta]

I received my exclusive account statement of may on june 9 and the special waiver thing mentioned is changed to 1 lakh AQB. Whats going on? Is this offer was valid for first 6 months? I thought its a life time fee waiver.

 

[pradeepG]

I received my exclusive account statement of may on june 9 and the special waiver thing mentioned is changed to 1 lakh AQB. Whats going on? Is this offer was valid for first 6 months? I thought its a life time fee waiver.

bug at their system. mail cc for clarity and confirmation.

 

[John Since]

Reply I received from the exclusive customer care

 

[SunnyHarsha]

Reply I received from the exclusive customer care

Send him previous statement that shows the Mab as zero

 

[John Since]

Send him previous statement that shows the Mab as zero

That's the irony. Got this mail after sending them last month statement and recent statements.

 

[SunnyHarsha]

That's the irony. Got this statement after sending them last month statement and recent statements.

Wow Great..

 

[LJGIBBS]

Reply I received from the exclusive customer care

The audacity to ask for proof when their own website was displaying the offer in bold letters last October. Kahan se aate hain yeh log..

 

[ankushanup1]

The audacity to ask for proof when their own website was displaying the offer in bold letters last October. Kahan se aate hain yeh log..

Definitely jamatra ke log se chun chun ke liya gaye hai exclusive service provide karne ke liye

 

[ankushanup1]

Guys anyone got charged for this discrepancy I haven't got charged yet

 

[John Since]

Received the statement for June today.
Again the AQB is mentioned as Rs.1,00,000/-.
But no charges are levied so far.

 

[hakunamatata]

Received the statement for June today.
Again the AQB is mentioned as Rs.1,00,000/-.
But no charges are levied so far.

Yes, same with me.

 

[ARV]

Yes, same with me.

Same with me as well.

 

[Deleted member 7241]

Yes, same with me.

no..for me its showing special waiver again...

 

[hakunamatata]

no..for me its showing special waiver again...

What did you do for that?

 

[anonymuos]

Right for partner savings and exclusive account opened under initial funding offer, it is again showing MAB as 1 lakh. It says "Balance Requirement : Average Quarterly Balance of Rs 1,00,000 or relationship criteria to be maintained" for both this month and last month's automated statements received on email. Only for April statement received in May, it says "Zero, Special Waiver". So either a glitch in their banking system (it's not the first time it has happened) or IndusInd jumped the shark 😁 and broke their Terms and Conditions in which case, all those affected need to complain to RBI if they deduct any charges.

Anyway time to start collecting evidence as I don't trust this private bank one bit. What evidence do we all have? We have automated email statement every month that says Zero, Special Waiver (but probably deliberately does not say waiver for how long). And we have an SMS that says "Your IndusInd Bank Savings A/C XXXXXX comes with no min. balance requirement under special offer." Do keep this SMS forever and favorite it or star it in case the bank decides to go back on its word.

 

[ankushanup1]

Right for partner savings and exclusive account opened under initial funding offer, it is again showing MAB as 1 lakh. It says "Balance Requirement : Average Quarterly Balance of Rs 1,00,000 or relationship criteria to be maintained" for both this month and last month's automated statements received on email. Only for April statement received in May, it says "Zero, Special Waiver". So either a glitch in their banking system (it's not the first time it has happened) or IndusInd jumped the shark 😁 and broke their Terms and Conditions in which case, all those affected need to complain to RBI if they deduct any charges.

Anyway time to start collecting evidence as I don't trust this private bank one bit. What evidence do we all have? We have automated email statement every month that says Zero, Special Waiver (but probably deliberately does not say waiver for how long). And we have an SMS that says "Your IndusInd Bank Savings A/C XXXXXX comes with no min. balance requirement under special offer." Do keep this SMS forever and favorite it or star it in case the bank decides to go back on its word.

What the heck can a text sms Or the statement which says zero balance without any context or t and c serve.... Their t and c even in that offer pdf doesn't say anything on tenure the bank smartly interpret as 1yr while rm and marketing guys say lifetime.... And note that any bank can change terms and conditions anytime ...Subject to providing prior notice in some cases.. So it's going to be not easy if they choose to look otherwise...
But if we can threaten them as a group to strip away business from them... They may provide some solace still nothing is assured.

 

[LJGIBBS]

What the heck can a text sms Or the statement which says zero balance without any context or t and c serve.... Their t and c even in that offer pdf doesn't say anything on tenure the bank smartly interpret as 1yr while rm and marketing guys say lifetime.... And note that any bank can change terms and conditions anytime ...Subject to providing prior notice in some cases.. So it's going to be not easy if they choose to look otherwise...
But if we can threaten them as a group to strip away business from them... They may provide some solace still nothing is assured.

tension nhi lene ka bro. Ek legend apply kr do LTF. Agar yeh charges daale to account select mei downgrade kar Lena aur 0 bal ho jayega

 

[anonymuos]

tension nhi lene ka bro. Ek legend apply kr do LTF. Agar yeh charges daale to account select mei downgrade kar Lena aur 0 bal ho jayega

Haa ek Legend le lena absolutely necessary so account can be downgraded to LTF 0 balance Select if the bank goes back on its word.

 

[anonymuos]

What the heck can a text sms Or the statement which says zero balance without any context or t and c serve.... Their t and c even in that offer pdf doesn't say anything on tenure the bank smartly interpret as 1yr while rm and marketing guys say lifetime.... And note that any bank can change terms and conditions anytime ...Subject to providing prior notice in some cases.. So it's going to be not easy if they choose to look otherwise...
But if we can threaten them as a group to strip away business from them... They may provide some solace still nothing is assured.

From the Internet Archive/Web Archive, I could find that original page again (took a full screenshot of it). We were all promised lifetime free 0-balance account and lifetime free debit cards as well but the bank was clever enough to never commit to it in written TnC.

https://web.archive.org/web/2022102...ffers/savings-account-festive-offers-tnc.html

OR

This October Bank on Happiness with Offers on Savings Account

web.archive.org