IndusInd Bank Pioneer Savings Account Opening Experience

[magneto]

Hi All!

I was researching about IndusInd Pioneer account lately and was thinking about opening one, so I approached my nearest branch and the desk person says my PAN is not eligible for a Pioneer account 😂. I told her it's not a Credit Card that I am applying for and she says:
"hota hain sir aapko pata nahi hoga"

Anyway she declined my request to open a Pioneer Account and insisted I am max eligible for Exclusive Account but should open partner account instead.

I was already fed up with my branch and hence I decided to approach a Pioneer Branch directly and open an account with them. They instantly filled the form for me and opened the account, within a week I received the welcome kit with the debit card.

But the only issue was they did not assign me any RM and I had to contact the person through whom I opened the account with, well it's not a big deal as that person is knowledgeable enough but this kind of service was not expected, also they updated incorrect E-mail ID and residential address which I had to update later.

Still they do know about their services and features, as I requested for a metal debit card, they processed it instantly without any charges!

Overall I would say it was a hectic experience but the customer service and knowledge of the Pioneer Branch staff is great 👍



P.S. I have asked them about LTF Pioneer Heritage Metal Credit Card upgrade but they say it's not possible to reduce or remove the joining fees. After reading so many posts of other people here I said people are getting it LTF so they ask me to share the contact details of the RM who helped them do the process as they are not sure about how it's done and how to take an approval, so if recently anyone has received this card LTF please guide me here🙏

 

[4uziaul]

Did you get offer through email?

My bad I mixed up the reply with another thread. Ingore my previous answer @VijayflyRaven

 

[Vaastav]

Both account from same branch or different branch?

Both are from same Branch.

@VijayflyRaven I got the information of Initial Funding offer from my Local Branch only and The same Information was also provided here on Technofino.

 

[4uziaul]

Both are from same Branch.

@VijayflyRaven I got the information of Initial Funding offer from my Local Branch only and The same Information was also provided here on Technofino.

Then you are giving wrong information that you can open multiple accounts in multiple branches it is not possible and I have confirmed the same while trying to open my Select account. Only way to open 2nd account is opening a joint account and then removing one account from the group and making it single.

 

[VijayflyRaven]

I

Then you are giving wrong information that you can open multiple accounts in multiple branches it is not possible and I have confirmed the same while trying to open my Select account. Only way to open 2nd account is opening a joint account and then removing one account from the group and making it single.

One thing I am thinking is to open an add on join account with 3 members. So we can get 6 debit cards and zero balance. Initial funding is 10k which we can remove.

 

[4uziaul]

I

One thing I am thinking is to open an add on join account with 3 members. So we can get 6 debit cards and zero balance. Initial funding is 10k which we can remove.

Which account you are planning?

 

[VijayflyRaven]

Which account you are planning?

Right now add on works only for the account type we hold. Right now it is select. I don’t want to move to pioneer yet.

 

[4uziaul]

Right now add on works only for the account type we hold. Right now it is select. I don’t want to move to pioneer yet.

Sorry, I thought you were planning to open a new account. Yes, you can do that. Even I am on the same boat like you. 😜

 

[Vaastav]

Then you are giving wrong information that you can open multiple accounts in multiple branches it is not possible and I have confirmed the same while trying to open my Select account. Only way to open 2nd account is opening a joint account and then removing one account from the group and making it single.

No Check RBI guidelines, The rule is to maintain a single Customer ID and any number of accounts can be opened on that Customer ID and no bank can deny that.

Try asking from a Different branch in your city if the one you've confirmed earlier is denying.

 

[4uziaul]

No Check RBI guidelines, The rule is to maintain a single Customer ID and any number of accounts can be opened on that Customer ID and no bank can deny that.

Try asking from a Different branch in your city if the one you've confirmed earlier is denying.

Learnt something new today and I did try from a different branch but they asked me to open a joint account with my wife and later remove her from the group and make it a single account. But then again why go to different branch when I can open multiple accounts in the same branch, doesn't make sense at all. 😂

 

[jack333]

Can we give same mobile number for multiple accounts? And link them to same user id in netbanking?

 

[4uziaul]

Can we give same mobile number for multiple accounts? And link them to same user id in netbanking?

Yes, I did that only.

 

[xfactcc]

Here's what Indusind Bank had to say on Twitter regarding multiple savings account by an individual

 

[4uziaul]

Here's what Indusind Bank had to say on Twitter regarding multiple savings account by an individual

Even I said the same thing earlier you can only open one single and one joint, but RBI guidelines says otherwise.
It seems it's possible, but IndusInd doesn't allow it.

 

[krishna_]

Tell me what are the things did you get in IndusInd Pioneer Account as I Equitas Bank gave me silver coin on bank account opening

 

[sxchzy]

If you can convince the staff that you will maintain the required balance in future or if you keep 10 Lakhs in your account for atleast 3 months you can request your branch or your RM for upgradation. My suggestion would be to open the account directly with initial funding (easiest way) plus you can ask them for Pioneer credit cards with negotiations as well.

do you still maintain MAB or is it 0 mab now?

 

[sxchzy]

Even I said the same thing earlier you can only open one single and one joint, but RBI guidelines says otherwise.
It seems it's possible, but IndusInd doesn't allow it.

it is possible i hold two bank accounts with icici

 

[4uziaul]

it is possible i hold two bank accounts with icici

You do understand this thread is for IndusInd 🤣 not for ICICI

 

[magneto]

do you still maintain MAB or is it 0 mab now?

Yeah I do maintain but it technically is 0 AQB

 

[MONEY]

If you can convince the staff that you will maintain the required balance in future or if you keep 10 Lakhs in your account for atleast 3 months you can request your branch or your RM for upgradation. My suggestion would be to open the account directly with initial funding (easiest way) plus you can ask them for Pioneer credit cards with negotiations as well.

how did you find the pioneer branch?

 

[magneto]

how did you find the pioneer branch?

Click Here to enter your location, it will show all branches in your city.