UPI and Bill Activation Offer

Introduction

IndusInd Bank Limited (‘Bank’) has brought a special offer for it’s customers who have opened savings or salary account between December 01, 2023 and January 31, 2024 (both days included) with the Bank.

Offer Details

Customer can earn maximum cashback up to INR 100/- (Rupees Hundred only) as per the below construct.

  1. Branch Banking Savings Account Customers having below mentioned account variants only:(Indus Select / Partner / PROgress / Maxima / Maxima Senior / Senior Citizen / DIVA / Privilege / Privilege Max / Advantage / Advantage Prime / 3 in 1 MOSL / Multiplier / Multiplier Plus / Classic variants)
    • Flat INR 25/- (Rupees Twenty-Five only) Cashback on UPI transaction of INR 100/- (Rupees One Hundred only) or more done within 60 days of account opening
    • ·Flat INR  25/- (Rupees Twenty-Five only) Cashback on Bill Pay transaction of INR 100/- (Rupees One Hundred only) or more done using Indus Mobile App within 60 days of account opening
  2.  Indus Exclusive Savings and Salary Account Customers: 
    • Flat INR 25/- (Rupees Twenty-Five only) Cashback on UPI transaction of INR 100/- (Rupees One Hundred only) or more done within 60 days of account opening
    • Flat INR  25/- (Rupees Twenty-Five only) Cashback on Bill Pay transaction of INR 100/- (Rupees One Hundred only) or more done using Indus Mobile App within 60 days of account opening
  3. Indus Pioneer / Grande Savings and Salary Account Customers:
    • Flat INR 50/- (Rupees Fifty only) Cashback on UPI transaction of INR 200/- (Rupees Two Hundred only) or more done within 60 days of account opening
    • Flat INR  50/- (Rupees Fifty only) Cashback on Bill Pay transaction of INR 200/- (Rupees Two Hundred only) or more done using Indus Mobile App within 60 days of account opening
  4. Corporate Salary Customers having below mentioned account variants only:(Indus Comfort / Comfort Regular / Comfort Premium / Comfort Maxima / Comfort Max Prime / Maxima Plus / Comfort Select / Esteem / Force)
    • Flat INR   25/- (Rupees Twenty-Five only) Cashback on Bill Pay Transaction of INR   100/- (Rupees One Hundred only) or more done using Indus Mobile App within 60 days of account opening
  • Offer period: The Offer is valid from December 01, 2023 till March 31, 2024 unless extended or revoked earlier by the Bank (‘Offer Period’).  
  • Offer Eligibility:
    • Offer is applicable only once per customer
    • The transaction should be done within first 60 days of account opening 
    • UPI transaction can be done from any platform using IndusInd Bank account
    • Bill Pay transaction should be done using Indus Mobile App only to be eligible for the offer.
  • Offer Exclusion(s):
    • Cashback Offer on UPI transaction is not applicable for Corporate Salary Customers (Other than Pioneer, Grande & Exclusive customers)
    •  All the Saving Account variant except as mentioned above are excluded from this Offer
    • Cancelled/failed Transactions will not be considered as eligible for the Offer.

How to Avail the Offer:

UPI Offer:

Your UPI based transaction should be any one of the following transactions (of INR 100 or more):

  • Send Money to Contacts
  • Send Money to Account
  • Send Money to UPI ID
  • Scan & Pay
  • Bill Pay
  • Approve Collect Request

Bill Pay Offer:

Your Bill Pay transaction should be done across any one of the following categories (of INR 100 or more):

  • Electricity
  • Gas
  • Water
  • LandLine
  • Postpaid
  • DTH
  • Broadband
  • Loan
  • Book Cylinder
  • FASTag

Terms and Conditions

  • All newly acquired Branch Banking Savings Account and Corporate Salary customers as mentioned above are eligible for the offer
  • Customer can avail this offer only once during the offer period
  • Customer’s Savings or Salary Account must be active and not closed at the time of cashback processing
  • Participation in the Offer is voluntary
  • Cashback will be credited to the customer’s account within 120 days of the transaction
  • Tax liability, if any, to be borne by the Customer
  • The participation in the Offer shall constitute deemed acceptance by the Customer of all the terms and conditions governing the Offer.
  • Bank does not warrant, represent or guarantee the quality of goods / services availed by the customers
  • Bank reserves the right to disqualify any customers from the benefits of this offer inter alia for events like unusual transaction pattern etc. 
  • In all matters relating to the Offer, the decision of the 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 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 account and shall at all times be read along with terms of the customer 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 customer Agreement, then terms of the customer Agreement to prevail the present conditions
  • Any disputes arising out of this offer shall be subject to the exclusive jurisdiction of competent courts in Mumbai, Maharashtra.