No.
After seeing this message, i just checked my indusind net banking. The Reward redemption option for DEBIT card is still PRESENT in netbanking.
Surprisingly i see that there is 1200 extra points credited than my old rewards, which i had checked 1 week before.
I am not sure if it is a bug OR just credited any of the previous transactions.
I stopped doing debit card transaction from my indus debit card from last 3 months, since it was like hit or miss kind. I had missed points for many transaction, initially i followed-up with customer care, then i realized that, they can't do anything, everything is controlled by system.
Others please check if you got more points by bug or for previous transactions.
Lastly, without taking any chance, i just redeemed 1900 points to cash. No extra charges.
Just a question, what if my extra points were due to bug !! will they take back ?? Even though i can show my previous transactions where i did not earn, but fighting with indus customer care is a challenging task , i have to giveup in the interest of my time !!