IndusInd Bank Limited ('Bank’) has brought a special offer on opening Indus Advantage and Indus Advantage Prime Savings Account.

1. Offer 1: Eligible Customers will get ‘2X/4X Reward Points (‘Accelerated Reward Points’) upon fulfilling certain conditions mentioned hereunder. (‘Offer’).
2. Offer 2: 250 Reward Points (one time) on paying your IndusInd Bank Credit Card bills from Indus Advantage Savings account or 500 Reward Points (one time) on paying your IndusInd Bank Credit Card bills from Indus Advantage Prime Savings account

Offer Period:

Starting 15th July, 2023 and valid for maximum period of twelve (12) months from the date of Savings

Account opening.

Offer 1: 2X/4X Reward Points

The customers shall fulfil following conditions to be eligible for the Offer

a) Opening Indus Advantage Saving Account or Indus Advantage Prime Savings Account during Offer Period; and

b) Holding valid and active Credit Card or successfully applies and activates Credit Cards with the Bank;and

c) Transactions done using Credit Cards from subsequent month of opening Savings Account and minimum payment of Rs 5000 and more

d) The eligibility will be decided based on Average Quarterly Balance (AQB) maintained by the customer from succeeding month of account opening.

    a. AQB Requirement for Indus Advantage Savings Account >= INR 50,000

    b. AQB Requirement for Indus Advantage Prime Savings Account >= INR 1,00,000

e) Purchase transactions done on the Eligible Credit Card only through Point of Sale (Card Present) Purchase, Online or E-Commerce/M-Commerce Internet Transaction, IVR Transaction, Mail Order/Telephone Order Transaction

f) Payments done through IndusInd Net/Mobile Banking only will be considered as eligible transactions 

Example:

Indus Advantage Savings Account: Customer who has opened Indus Advantage Savings account on 15th August, 2023 and maintained AQB of minimum INR 50,000 for September, October and November 2023 (taken together) will get 2X Reward Points on all spends (settled) on his IndusInd Bank Credit Card (eligible cards only) from 1st September, 2023 to 30th November, 2023. Similarly, eligibility for 2X Reward points on Dec 2023 to Feb 2024 will depend on maintaining AQB of INR 50,000 for Dec 2023 to Feb 2024.

Indus Advantage Prime Savings Account: Customer who has opened Indus Advantage Prime Savings account on 15th August, 2023 and maintained AQB of minimum INR 1,00,000 for September, October and November (taken together) will get 4X Reward Points on all spends (settled) on his IndusInd Bank Credit Card (eligible cards only) from 1st September, 2023 to 30th November, 2023. Similarly, eligibility for 4X Reward points on Dec 2023 to Feb 2024 will depend on maintaining AQB of INR 1,00,000 for Dec 2023 to Feb 2024.

Offer 2: 250/500 One-time Bonus Reward Points

Conditions to be eligible for one-time bonus reward points (250/500 respectively):

1) Customer should hold any valid and active credit card from the list mentioned below.

2)  Customer should make Credit Card bill payment from Indus Advantage Savings account – Customer will get 250 Bonus Reward Points.

3)  Customer should make Credit Card bill payment from Indus Advantage Prime Savings account –Customer will get 500 Bonus Reward Points.

4)  Eligible Customer, reward Point will be credited in next billing cycle post payment of credit card bill

5) Customer should make the payment within 1 year from the date of opening of above mentioned savings account.

6) Customers who’s Credit Card account is overdue for 30 days or more and/or relationship with the Bank is marked as Non-Performing Asset are disqualified for this Offer 2.

7) Minimum Transaction amount of Rs 5000 or more

8)Payments done through IndusInd Net/Mobile Banking only will be considered as eligible transactions 

Credit Cards for the purpose of this Offer shall mean following Cards issued by the Bank

i) Pinnacle Card,

ii) Tiger Card,

iii) Select Card,

iv) Platinum Card, 

v) Platinum Select Card,

vi) Legend Card,

vii) Duo Card and

viii) Nexxt Credit Card. 

ix) Signature card

Multiple Cards & Add-on Cards:

•For customers holding multiple eligible IndusInd Bank Credit Cards, Bonus Reward Points will be calculated on both the cards. However, only the higher of the two Bonus Reward Points will be credited on the respective card.

•For customers having Add-on Cards, Reward Points will be accrued for spends made in both the Primary and Add-on Cards. However, the final Reward Points will be credited on the primary card subject to maximum applicable capping.

Offer Fulfilment:

Credit of Bonus Reward Points will be done on a quarterly basis and within 60 days from the end of eligibility period.

Example: 

Indus Advantage Account: Customer who have opened Indus Advantage Savings Account on 15th August, 2023 and maintained AQB of minimum INR 50,000 for September, October and November (taken together), will get 2X Reward Points on all spends (settled) on his IndusInd Bank Credit Card (eligible cards only) from 1st September, 2023 to 30th November, 2023. The accrued points will be posted on or before 31st January, 2024.

Indus Advantage Prime Account: Customer who have opened Indus Advantage Prime Savings Account on 15th August, 2023 and maintained AQB of minimum INR 1,00,000 for September, October and November (taken together), will get 4X Reward Points on all spends (settled) on his IndusInd Bank Credit Card (eligible cards only) from 1st September, 2023 to 30th November, 2023. The accrued points will be posted on or before 31st January, 2024.

• Both the Savings Account and Credit Card must be active & not to be closed before fulfilment of the Offer.

• To be eligible for participating in the Offer, the Cardholder must maintain a clean payment record in respect of his/her Card; i.e. the Cardholder should not have failed to pay the minimum amount due on his/her Card during the Offer Period or at the time of offer fulfilment.

• Delinquent Credit Card members will not be eligible for the benefits of this offer. "Delinquent Credit Card Account" means an account of a Cardholder which has outstanding which is past due or which,in the sole opinion of the Bank, has unsatisfactory credit standing. Cardholders, whose Credit Card accounts are currently delinquent or become delinquent at any time before the Fulfilment Date, will be ineligible for the benefits of this Offer.

• If the Cardholder ceases to be a Cardholder at any time during the Offer Period or before the Fulfilment Date, all benefits under the Offer shall lapse. This includes any relationship terminated either by the Bank or the Cardholder.

• Cash Withdrawals, Fees, Interest Charges, any other charges, EMI, Loan taken on the Eligible Credit Card and any transaction other than a Purchase Transaction will not earn any accelerated Reward Points.

• Under this Offer, 2X Reward Points mean, the Reward Points earned under normal course (mentioned against the transaction in the statement) plus 1 time the bonus Reward Points (which will be credited later as Bonus Rewards on the fulfilment date).

• Under this Offer, 4X Reward Points mean, the Reward Points earned under normal course (mentioned against the transaction in the statement) plus 3 times the bonus Reward Points (which will be credited later as Bonus Rewards on the fulfilment date).

• Maximum Reward Points which can be earned under 2X Offer per quarter is 750.

• Maximum Reward Points which can be earned under 4X Offer per quarter is 2000.

• The Offer i.e. benefit of Accelerated Reward Point accrual will automatically terminate on completion of 1 year of Indus Advantage/Indus Advantage Prime account opening.

• Only Settled Transactions; i.e. Transactions done during the Offer Period and which have been successfully posted into the Cardholder’s Card Account within the offer period will be considered for accelerated reward points earning under this Offer. The Bank will not be responsible if a Transaction Authorized by the Bank has not been settled by the Merchant.

• Purchase Reversal Transaction will not accrue any Bonus Reward Points.

• In all matters relating to the Offer, the decision of IndusInd Bank shall be final and binding in all respects.

• The Bank reserves the right at any time without prior notice to add, alter, modify, all or any of these terms and conditions or replace, wholly or in part, this Offer by any other Offer, whether similar or different to this Offer or to withdraw it altogether without giving prior notice.

• The terms and conditions of the Offer shall be in addition to and not in substitution/derogation to the Primary Terms and Conditions governing the card and shall at all times be read along with the terms of the Cardholders’ Agreement and such other terms and conditions that the Bank may deem appropriate in its sole discretion. Any irreconcilable contradiction between the terms and conditions contained herein and the Cardholders’ Agreement, then the terms of the Cardholders’ Agreement to prevail the present conditions.

• In case the Cardholder has any issues/disputes regarding the Offer, he/she must raise his or her concerns before 4 months of the offer end date. Any disputes raised post this date will not be entertained by the Bank. Any disputes arising out of this Offer shall be subject to the exclusive jurisdiction of competent courts in Mumbai only.