INDIE By INDUSIND 3% CB on Debit

Referrals aren't valid for existing IndusInd Users, So existing users can join directly.


Features :

• Spends categorization.

• Can breakup the consolidated spends into diff categories as well.
• Disposable virtual debit cards.
• Super OTP where you can use the OTP visible on app if you cant receive otp due to network issues.
• All bill payments.
• Stock trading feature. They tied up with paytm money but can do trades from Indie itself.
• Cashback of 3% on the spends made on brands you select.
• Cashback on bill payments and also debit card spends.
• Branch support and unlimited cash withdrawals and deposits for full kyc users
• Higher interest rates.
• Mobile number will be your account number
And the list goes on.

How's indie? Has anyone used it yet

I am intrested in zero balance account but no charges and fees in the name of debit card, can you tell details

stoptomove wrote:

I am intrested in zero balance account but no charges and fees in the name of debit card, can you tell details

My Insights about Indie by IndusIND :
.
Pros 🥂 :
• Zero Balance Account (in true sense if you don't need Physical Card)
• 3% earning on Top 3 Brands that we choose
• No Forex Charges* (for Tier 3)
• With Tier 3, Almost all charges are nil!
• 0.5% earning on other spends
(Spends on the following merchant categories do not earn any INDIE Gems earning: Fuel, Government Payments, Insurance, Mutual Funds, Rent Payment, Wallet Upload, Utility Payments, Credit Card bill payments.)
• MAJOR PRO- Virtual Disposable Debit Cards! very interesting feature.
• Super OTP (where you can get OTP via App)
• IndusInd Brand (oldest bank in India) and Account number is easy to remember (18xxxxxxxxx) your mobile number.
• Great as a Backup Account or FD Account (very good rates)
.
Cons 💀:
• App Buggy af (Looks Sad overall just like IndusInd App)
• Physical Card isn't offered right away (which is good and bad depending)
• App and service is not at all refined! Transaction SMS don't come sometimes, and payment gateway fails sometimes too! Luckily only got  1 failed transaction so far
• No Tier Upgrade notification or Info
(Initial funding of 50k automatically upgrades you to Tier 3, rather than waiting for 1500 worth reward earning..but its been more than 24hours and no communication regarding this!)
• Credit Line feature- maybe just me, but its borrow plan with interest, I'm not big fan of these. Plus seems limited to very exclusive customers.
• No referrals for existing users of IndusInd
• Reward system looks very weak, And users complain it takes lot of time to credit gems.
• Customer Support is 💩

Feel free to reach out for Referral or more info, Happy to Help

GautamgR wrote:
My Insights about Indie by IndusIND :
.
Pros 🥂 :
• Zero Balance Account (in true sense if you don't need Physical Card)
• 3% earning on Top 3 Brands that we choose
• No Forex Charges* (for Tier 3)
• With Tier 3, Almost all charges are nil!
• 0.5% earning on other spends
(Spends on the following merchant categories do not earn any INDIE Gems earning: Fuel, Government Payments, Insurance, Mutual Funds, Rent Payment, Wallet Upload, Utility Payments, Credit Card bill payments.)
• MAJOR PRO- Virtual Disposable Debit Cards! very interesting feature.
• Super OTP (where you can get OTP via App)
• IndusInd Brand (oldest bank in India) and Account number is easy to remember (18xxxxxxxxx) your mobile number.
• Great as a Backup Account or FD Account (very good rates)
.
Cons 💀:
• App Buggy af (Looks Sad overall just like IndusInd App)
• Physical Card isn't offered right away (which is good and bad depending)
• App and service is not at all refined! Transaction SMS don't come sometimes, and payment gateway fails sometimes too! Luckily only got  1 failed transaction so far
• No Tier Upgrade notification or Info
(Initial funding of 50k automatically upgrades you to Tier 3, rather than waiting for 1500 worth reward earning..but its been more than 24hours and no communication regarding this!)
• Credit Line feature- maybe just me, but its borrow plan with interest, I'm not big fan of these. Plus seems limited to very exclusive customers.
• No referrals for existing users of IndusInd
• Reward system looks very weak, And users complain it takes lot of time to credit gems.
• Customer Support is 💩

Feel free to reach out for Referral or more info, Happy to Help

So I can go for a zero balance saving account and it's truly zero balance without any charges.

What is the referral benifits I will get if use your referral?

By old users you mean saving account or credit card account or both?

stoptomove wrote:
So I can go for a zero balance saving account and it's truly zero balance without any charges.

What is the referral benifits I will get if use your referral?

By old users you mean saving account or credit card account or both?

Truly Zero Charges if you upgrade to Highest Tier with Initial Funding..

Else there are charges for Card, Forex, etc etc...

For existing IndusInd Savings Customer (i think), Won't get any referral bonus on join...
(not missing out on much honestly)

3% cb on which brands?

GautamgR wrote:
Truly Zero Charges if you upgrade to Highest Tier with Initial Funding..

Else there are charges for Card, Forex, etc etc...

For existing IndusInd Savings Customer (i think), Won't get any referral bonus on join...
(not missing out on much honestly)

Just want to confirm, is debit card (virtual/ physical) is chargeable?

Physical debit card mandatory?

stoptomove wrote:
Just want to confirm, is debit card (virtual/ physical) is chargeable?

Physical debit card mandatory?

Virtual Card is offered Instantly...

Physical Card is optional to apply (which is great to have an option)

Interesting Feature- Disposable Virtual Debit Cards

GautamgR wrote:
Virtual Card is offered Instantly...

Physical Card is optional to apply (which is great to have an option)

Interesting Feature- Disposable Virtual Debit Cards

What is this for ?

"Integrated Demat account "

Is it chargeble?

Itani mehanat aur research ke bad kahata hai ki " aap ka to pahale se account hai, fir milenge"

stoptomove wrote:
What is this for ?

"Integrated Demat account "

Is it chargeble?

This is in partnership with 'Paytm Money Demat'

This was mentioned in FAQ:

"Disclaimer: Charges are subject to change from time to time. For a detailed and update list of charges, please visit https://www.paytmmoney.com/stocks/p...ng
For any other queries, you can reach out to Paytm executives for support under the Help section in Equity Funds module"

I have some qts like, if we open account in indie then does it opens the account in the indusind bank, I mean is indie covered under dicgc upto 5 lac insurance?

And what's sms charge ? Nowhere its mentioned.

Someone please tell 3% cb thing

Nice. Opened and chose Flipkart, JioMart and Blinkit as 3 brands for 3% CB.

curiousx100 wrote:

I have some qts like, if we open account in indie then does it opens the account in the indusind bank, I mean is indie covered under dicgc upto 5 lac insurance?

And what's sms charge ? Nowhere its mentioned.

T&C are same as Savings Account under IndusIND...

Yes, RBI Insured since its a Bank Account regd under IndusIND...Not just a Virtual Account.

Not sure about SMS Charges, but Tier 3 has NIL Charges on all Categories

GautamgR wrote:

T&C are same as Savings Account under IndusIND...

Yes, RBI Insured since its a Bank Account regd under IndusIND...Not just a Virtual Account.

Not sure about SMS Charges, but Tier 3 has NIL Charges on all Categories

Regarding sms charge, they have replied to a tweet on Twitter stating that the sms charges are free.

daydeals wrote:

Someone please tell 3% cb thing

You can choose 3 Brands,

Selections like Flipkart, Amazon, Jiomart, Swiggy etc (suggested by them)

And for these transactions, you get upto 3% Cashback as gems...
(3% is for Tier 3)

(1 gem= 1 rs)

Also, You can only change these categories after about a month..

(think on this like OneCard's 5x - top 3 categories get 5x)

🔼 Unique Features of Indie App Card

Jupiter & Fi also started this way . Now introduced DC AMC, Other charges, MAB , Reward devaluation. In-die is Fi-Jupiter in making.

can money be added in this account via net banking and debit card same as any other IndusInd account?

Chef wrote:

can money be added in this account via net banking and debit card same as any other IndusInd account?

Net banking does not show this account, and in app it shows but not counted yet in "I own" (Total NRV/TRV). No way to submit 15G form etc yet for FD created in Indie. It's a product still getting built but they launched it halfway through.

some1anywhere wrote:
Net banking does not show this account, and in app it shows but not counted yet in "I own" (Total NRV/TRV). No way to submit 15G form etc yet for FD created in Indie. It's a product still getting built but they launched it halfway through.

okay, Thanks

GautamgR wrote:
My Insights about Indie by IndusIND :
.
Pros 🥂 :
• Zero Balance Account (in true sense if you don't need Physical Card)
• 3% earning on Top 3 Brands that we choose
• No Forex Charges* (for Tier 3)
• With Tier 3, Almost all charges are nil!
• 0.5% earning on other spends
(Spends on the following merchant categories do not earn any INDIE Gems earning: Fuel, Government Payments, Insurance, Mutual Funds, Rent Payment, Wallet Upload, Utility Payments, Credit Card bill payments.)
• MAJOR PRO- Virtual Disposable Debit Cards! very interesting feature.
• Super OTP (where you can get OTP via App)
• IndusInd Brand (oldest bank in India) and Account number is easy to remember (18xxxxxxxxx) your mobile number.
• Great as a Backup Account or FD Account (very good rates)
.
Cons 💀:
• App Buggy af (Looks Sad overall just like IndusInd App)
• Physical Card isn't offered right away (which is good and bad depending)
• App and service is not at all refined! Transaction SMS don't come sometimes, and payment gateway fails sometimes too! Luckily only got  1 failed transaction so far
• No Tier Upgrade notification or Info
(Initial funding of 50k automatically upgrades you to Tier 3, rather than waiting for 1500 worth reward earning..but its been more than 24hours and no communication regarding this!)
• Credit Line feature- maybe just me, but its borrow plan with interest, I'm not big fan of these. Plus seems limited to very exclusive customers.
• No referrals for existing users of IndusInd
• Reward system looks very weak, And users complain it takes lot of time to credit gems.
• Customer Support is 💩

Feel free to reach out for Referral or more info, Happy to Help

Hi did u get confirmation about Tier 3 account. & how to do that initial funding? What are the options like DC Netbanking etc?

masumshah59838 wrote:

Hi did u get confirmation about Tier 3 account. & how to do that initial funding? What are the options like DC Netbanking etc?

There wasn't any confirmation really...
There is very few communication from Bank,
Customer Support told wait atleast 72hrs for Upgrade...I just kept checking Rewards page for updates.

Initial Funding can be done using DC, UPI, NB

After tier upgrade, we can block current free card and Apply for Signature DCard

Just few hours ago, They sent mail from Bank saying Physical Card is on the way via Bluedart 🤞

masumshah59838 wrote:

Hi did u get confirmation about Tier 3 account. & how to do that initial funding? What are the options like DC Netbanking etc?

Speaking Of:

Just received this email, few mins ago (upgrade happened like a week ago already)

GautamgR wrote:
Speaking Of:

Just received this email, few mins ago (upgrade happened like a week ago already)

Timings bro
Thanks for your update on this & previous comment!!

Received Debit Card as well
(you have option to choose NO Number Variant, basically blank card, no privacy concern)