Hot Deal

Select savings account (Zero Balance MAB) on the basis of Legend credit card

360°
Deal Cadet
Digitalguy

I am holding Indusind Legend credit card.


Can I open Indusind Select account without initial funding of 50k and link my Legend Credit card to make it Zero MAB ?


As per website, Legend credit card holder are eligible to convert their Indusind select saving account to zero balance account after link the credit card with account. 


Please give proper information of opening Select account.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
Deal Cadet Deal Cadet
Link Copied

Branch executive denied zero MAB IndusInd Select account against Legend credit card. 

Can I open an IndusInd Select account online (After a confirmation email of 0 MAB from the bank)?

Deal Subedar Deal Subedar
Link Copied
you dont have to tell branch guy at all bro

just open account with initial funding and link you cc to account netbanking and you are done

withdraw funds as soon as both get linked in same netbanking
Deal's Advocate Deal's Advocate
Link Copied

@Digitalguy Can you please re-direct (link) where it is mentioned in IndusInd website that eligible Card holders (Legend/Pinnacle) are able to Open/Convert a IndusInd Select/Higher account either Online/Branch.

Also If you have opened already , Kindly inform the process you followed or update once done

🙋‍♀️👆🏼😩

Deal Cadet Deal Cadet
Link Copied
Dear Customer, we wish to inform you that the IndusInd Bank Legend Credit Card holders are eligible for 'Zero Balance' Indus Select Savings account. However, the account and the credit card should be linked to each other and the credit card should be in active state.

IF you have linked your Indus Legend Credit Card with your Indus Select Savings Account through Indus Mobile and if you are able to view and manage both in one login in Indus Mobile Banking Application, then you are eligible for the benefit of 'Zero Balance' Indus Select savings account.

Credit Card act as a product surrogate for Select Saving Account, also surrogate has to be on primary holder account only.
53 Comments  |  
19 Dimers
  • Sort By
Benevolent Benevolent
Link Copied

Open the account and add credit card in cards section

I opened account first and got Legend card after few months(pre approved LTF) and after card linking I do not keep any bal but never charged so I guess it automatically becomes zero bal with Legend card; its 2-3 yrs I got Legend card

Deal Lieutenant Deal Lieutenant
Link Copied

Does everyother bank like hdfc has same feature?

View 11 more replies
Deal Cadet Deal Cadet
Link Copied

Branch executive denied zero MAB IndusInd Select account against Legend credit card. 

Can I open an IndusInd Select account online (After a confirmation email of 0 MAB from the bank)?

Deal Subedar Deal Subedar
Link Copied
you dont have to tell branch guy at all bro

just open account with initial funding and link you cc to account netbanking and you are done

withdraw funds as soon as both get linked in same netbanking
View 2 more replies
Deal's Advocate Deal's Advocate
Link Copied

@Digitalguy Can you please re-direct (link) where it is mentioned in IndusInd website that eligible Card holders (Legend/Pinnacle) are able to Open/Convert a IndusInd Select/Higher account either Online/Branch.

Also If you have opened already , Kindly inform the process you followed or update once done

🙋‍♀️👆🏼😩

Deal Cadet Deal Cadet
Link Copied
Dear Customer, we wish to inform you that the IndusInd Bank Legend Credit Card holders are eligible for 'Zero Balance' Indus Select Savings account. However, the account and the credit card should be linked to each other and the credit card should be in active state.

IF you have linked your Indus Legend Credit Card with your Indus Select Savings Account through Indus Mobile and if you are able to view and manage both in one login in Indus Mobile Banking Application, then you are eligible for the benefit of 'Zero Balance' Indus Select savings account.

Credit Card act as a product surrogate for Select Saving Account, also surrogate has to be on primary holder account only.
View 2 more replies
Deal Subedar Deal Subedar
Link Copied
Yes
Helpful Helpful
Link Copied
@Digitalguy any update? Were you able to create 0 MAB savings account? 
Deal Cadet Deal Cadet
Link Copied

Done thru online. Indusind Select account linked with my Legend Credit card &  Now Zero MAB acc.

View 6 more replies
Deal Cadet Deal Cadet
Link Copied

@shutapdiya How do I check reward points for the Indusind Select Visa Signature Debit Card?

In mobile app, 0 points showing after 4 days of transaction

Deal Subedar Deal Subedar
Link Copied

Indus RP generally takes 5 working days to credit

Sometimes there is a delay of 10+ days also

So wait few more days

Helpful Helpful
Link Copied

What is the benefit of this select account?

Helpful Helpful
Link Copied

I already have IndusInd delete account then I got legend cc. IndusInd employe told me I can’t get feee IndusInd select account on basis of legend cc. told me monthly balance would apply.. is this true

Deal Subedar Deal Subedar
Link Copied
Indus Delete Account

ye kausa account hai ?😄

90% indus staff donot know about this scheme or they pretend they dont know

so ignore what he is saying and get you card and account linked in same internet banking and you should be good to take out all your funds (if it is Indus Select Account)
Deal Cadet Deal Cadet
Link Copied
Correct? @shutapdiyaScreenshot2023-11-29-09-28-18-46f90b96e7af3c5a594eb0c92de7fc5fe12
Deal Subedar Deal Subedar
Link Copied
couldn't understand Amt/200 and Slabwise points in you table

but it seems you are looking to maximize your reward return on DC

sending you some links in DM for easy understanding of reward calculation
View 1 more reply
Deal Cadet Deal Cadet
Link Copied

@shutapdiya 

Will this offer be over and above other offers?

because Maximum points that can be earned in a month : 3000

20231103230110

Deal Cadet Deal Cadet
Link Copied

@shutapdiya

Will this offer (Points on First Use) be over and above other offers?

because Maximum points that can be earned in a month : 3000

Ref.: https://www.indusind.com/in/en/personal/cards/i...

ACTIVATION Signature/
Signature Select/
Signature Exclusive/
World Select/
World Exclusive
1st Shopping Transaction (Domestic/ International) using the debit card (within 60 days of card issuance) 100
1st Ecommerce Transaction (Domestic/ International) using the Debit Card (within 60 days of card issuance) 50
Transaction on Internet Banking (within 60 days of Account opening) 100
Mobile banking Transaction (within 60 days of Account opening) 100
ATM Transaction at IndusInd Bank ATM (within 60 days of Card issuance) 100
ATM Transaction at Other Bank ATM (within 60 days of Card issuance) 50
Total 500
Deal Subedar Deal Subedar
Link Copied

Not sure bro

View 1 more reply
Deal Cadet Deal Cadet
Link Copied

@shutapdiya

As a old user, Are you getting these points ?

image

Deal Subedar Deal Subedar
Link Copied

Branch denied any such offer saying we won't be responsible if u are charged 900 for non maintenance of 50000 balance

Deal Cadet Deal Cadet
Link Copied
Mostly they were unaware about the criteria of legend.

Do Only email communication.

Plz chk inbox for detailed info
Deal Newbie Deal Newbie
Link Copied

If we have a legend card then can we open 0 mab account for family member also

Any trick for that

Deal Lieutenant Deal Lieutenant
Link Copied

1000072764

Getting this error. 

PS : I had Paytm FD long back with my secondary number.

Deal Cadet Deal Cadet
Link Copied
I am holding Indusind Legend credit card.

MAB applicable on select account?

Still, I received following sms :

Dear Customer,

Your Indus Select savings account balance is running low! Fund your account now and maintain a balance of Rs.50,000 to avoid NMC (Non Maintenance Charges) on 1st April 2024.

- IndusInd Bank
Deal Cadet Deal Cadet
Link Copied

Same for me also. Even after linking legend and select together I also got the same massage after 6 months of account opening. 

Maybe something is changed now 

Deal Subedar Deal Subedar
Link Copied

Have they Charged you ??

replyuser
Click here to reply
Reply