All posts by Vinayak

With unique features, exclusive benefits, and a world of privileges, credit cards cater to the discerning few who seek more from their financial tools. They offer us convenience, security, and a host of privileges that make our lives easier. One credit card that stands out in this competitive landscape is the IndusInd Bank Legend Credit Card. With its unique features and exclusive benefits, it’s more than just a piece of plastic—it’s a gateway to a world of luxury and convenience. Let’s explore the features and benefits of this credit card!

The Legendary Card at a glance!

The IndusInd Bank Legend Credit Card is not your run-of-the-mill credit card. It’s an invitation to join an elite club of cardholders who enjoy unparalleled privileges. Here’s a closer look at what sets this card apart:

Welcome to the Lounge

One of the standout features of this card is access to airport lounges. Imagine walking into an airport, bypassing the bustling crowds, and settling into a comfortable lounge with complimentary refreshments and Wi-Fi. With the IndusInd Bank Legend Credit Card, this is not a dream but a reality. Cardholders can enjoy access to 600+ domestic and international airport lounges across the globe.

Exclusive Entertainment Experiences

Movie lovers will find the IndusInd Bank Legend Credit Card particularly enticing. IndusInd Bank has partnered with BookMyShow to offer you a Buy 1, Get 1 movie ticket every month. In fact, you can also get flat ₹50 off on F&B options.

Travel Benefits

The IndusInd Bank Legend Credit Card understands the wanderlust in you. It offers travel enthusiasts complimentary travel insurance on lost baggage, passports and more, making your journeys worry-free. Additionally, you can earn reward points for every transaction, which can be redeemed for flight tickets, hotel stays, or even exclusive merchandise.

Personal Concierge Service

Imagine having a personal assistant who’s always there for your service. With the IndusInd Bank Legend Credit Card, this has become a reality. You have access to a dedicated concierge service that can help you with everything from booking tickets to arranging memorable experiences.

Milestone Bonus

The IndusInd Bank Legend Credit Card also rewards you for achieving a spending milestone. For instance, you earn 4000 bonus reward points for spending ₹6 lakhs or more in a calendar year.

The Benefits Of The IndusInd Bank Legend Credit Card

Now that we’ve explored some of the key features, let’s delve into the benefits that come with the IndusInd Bank Legend Credit Card:

Financial Flexibility

A credit card isn’t just about perks; it’s also about financial flexibility. This credit card offers an interest-free period or grace period of 50 days, allowing you to make purchases and pay later without incurring interest charges.

Security and Control

IndusInd Bank takes your security seriously. This Credit Card comes with advanced security features, including an EMV chip that enhances protection against fraud. You can also set spending limits and receive real-time transaction alerts, putting you in control of your finances.

Rewarding Loyalty

For every ₹100 spent with the IndusInd Bank Legend Card, it earns you 1 reward point. And these reward points are doubled when you make your payments with it on weekends. These points can be redeemed for a variety of options, from booking flight tickets to availing exciting offers on your favourite brands. In fact, the reward points have no expiry date, so you can redeem them anytime you want.

Conclusion

With its unique features, exclusive benefits, and a world of privileges, it’s a credit card that caters to the discerning few who seek more from their financial tools. Whether you’re a globetrotter, a food connoisseur, or simply someone who values convenience, the IndusInd Bank Legend Credit Card unlocks a world of possibilities.

Remember, a credit card is a financial tool, and how you use it can shape your financial future. With the IndusInd Bank Legend Credit Card, you have the power to elevate your lifestyle and enjoy a world of luxury. Make the most of this exceptional offering and let it redefine the way you experience convenience and privilege in your financial journey. Apply for a credit card from IndusInd Bank and get approval instantly!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

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Savings Account

Why It’s Crucial to Open a Savings Account When You Start Earning

September 26, 2023 Vinayak Leave a comment

As you step into the world of adulthood and financial independence, one of the most vital steps you can take is opening a savings account. Whether you’ve just landed your first job or started a business venture, the importance of a savings account cannot be overstated. In this blog, we’ll explore why it’s crucial to open a savings account when you start earning.

1. Financial Security

Life is full of uncertainties, and having a savings account provides you with a safety net. In case of emergencies, such as unexpected medical bills or urgent repairs, your savings account ensures you have funds readily available. It acts as a buffer between you and financial stress.

2. Easy Money Management

A savings account helps you manage your finances more effectively. It separates your savings from your everyday spending money. You can set up automatic transfers to your savings account, ensuring that you consistently save a portion of your income without even thinking about it.

3. Interest Earnings

Most savings accounts offer interest on your balance. Over time, this interest can significantly boost your savings. It’s a passive way to grow your wealth, and the earlier you start, the more you can accumulate.

4. Financial Goals

Whether it’s buying a car, going on a dream vacation, or saving for retirement, a savings account allows you to set and achieve financial goals. You can allocate specific amounts to each goal, making it easier to track your progress.

5. Building Credit

Having a savings account demonstrates financial responsibility to lenders, which can be beneficial when you need a loan or credit card in the future. It shows that you can manage your money and save for your future.

6. Investment Opportunities

Once your savings account grows, you can consider investment options that offer potentially higher returns. Your savings account can serve as the initial capital for investments, helping you grow your wealth further.

Conclusion

Opening a savings account is a pivotal step in your financial journey. It provides security, helps you manage your money efficiently, and sets the stage for future financial success.

If you’re ready to take this important step, consider opening an IndusInd Bank Online Savings Account. With its user-friendly online platform and a range of features designed to meet your financial needs, it’s the perfect choice for the modern earner. Start securing your financial future with IndusInd Bank today!

Don’t wait any longer, start your financial journey on the right foot by opening IndusInd Bank Online Savings Account today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

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Savings Account

How Indus Diva Savings Account Helps in Uplifting Women Financially

September 26, 2023 Vinayak Leave a comment

Financial empowerment is a crucial aspect of modern life, and it’s especially important for women to take charge of their financial well-being. In this blog, we’ll explore how a savings account can be a powerful tool for financial upliftment and specifically discuss the Indus DIVA Savings Account, designed to cater to the financial needs of women. This account offers a range of benefits and features that can significantly contribute to women’s financial independence.

The Role of Savings Accounts in Financial Upliftment

Savings accounts play a pivotal role in achieving financial empowerment for women:

1. Financial Security: Savings accounts provide a secure place to stash away money for emergencies and future goals.

2. Financial Education: Managing a savings account helps women develop financial literacy and better understand money matters.

3. Financial Independence: Having control over their own savings gives women a sense of independence and confidence in managing their finances.

Indus DIVA Savings Account – Benefits and Features

The Indus DIVA Savings Account is designed with the unique financial needs of women in mind. Here are some of the standout benefits:

1. Cashback, Free Movie Tickets & Discounts: With this account, you can enjoy cashback rewards, complimentary movie tickets, and attractive discounts, making every purchase more rewarding.

2. 35% Off on Lockers: Keep your valuable belongings safe with a locker at a reduced cost, thanks to the 35% discount.

3. Unlimited Free ATM Withdrawals: Access your money without worrying about withdrawal charges. This account offers unlimited free ATM transactions.

4. Complimentary Insurance Cover: Your Platinum Plus Diva Debit Card comes with an insurance cover worth Rs. 35.5 lakhs, providing added security and peace of mind.

5. 100% Digital Banking: Manage your finances conveniently through the IndusMobile app, offering easy access to your account, transactions, and more.

6. Paperless Account Opening: Opening an Indus DIVA Savings Account is a breeze with video KYC, eliminating the need for cumbersome paperwork and in-person visits.

How Indus DIVA Savings Account Uplifts Women Financially

1. Encourages Saving: The account’s benefits, such as cashback and discounts, encourage regular saving, helping women build a financial cushion over time.

2. Promotes Financial Independence: Women can make financial decisions independently, utilizing the tools provided by the account to manage their money effectively.

3. Offers Security: The insurance cover on the Platinum Plus Diva Debit Card provides financial protection in case of unforeseen events.

4. Simplifies Banking: The IndusMobile app simplifies banking processes, making it easier for women to keep track of their finances and make informed decisions.

Conclusion

Financial empowerment is a journey, and the Indus DIVA Savings Account can be a valuable companion for women seeking financial independence and stability. With its array of benefits and features, this account not only encourages saving but also simplifies banking, provides security, and fosters financial education. It’s a step towards a brighter and more financially secure future for women, helping them achieve their financial goals with confidence and ease. Start your journey towards financial upliftment with the Indus DIVA Savings Account today.

Open Indus Diva Savings Account today

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Savings Account

How Instant Savings Account Opening Helps in Saving More

September 26, 2023 Vinayak Leave a comment

Saving money is a crucial financial habit that lays the foundation for a secure and prosperous future. Whether you’re planning for emergencies, long-term goals, or simply want to have peace of mind, saving money is the key. In this blog, we will explore the importance of saving money, discuss tips for effective savings, and delve into how instant savings account opening can significantly boost your savings journey. Specifically, we’ll look at the IndusInd Bank Online Savings Account and its benefits.

The Importance of Saving Money

Saving money provides financial security and peace of mind. It enables you to:

1. Prepare for Emergencies: Unexpected expenses like medical bills or car repairs won’t catch you off guard if you have savings.

2. Achieve Financial Goals: Whether it’s buying a home, starting a business, or going on a dream vacation, savings are essential to reach your goals.

3. Secure Retirement: Saving ensures a comfortable retirement, allowing you to maintain your lifestyle.

Tips to Save Money

Before we dive into the benefits of instant savings accounts, let’s review some effective money-saving tips:

1. Create a Budget: Track your income and expenses to identify areas where you can cut back.

2. Set Clear Goals: Define what you’re saving for, whether it’s a new gadget or a down payment on a house.

3. Automate Savings: Set up automatic transfers to your savings account each month.

4. Cut Unnecessary Expenses: Trim unnecessary subscriptions, dine out less, and make conscious spending decisions.

How Instant Savings Account Helps

Instant savings accounts play a pivotal role in your savings journey by offering:

1. Convenience: Instant account opening means you can start saving immediately, without lengthy paperwork.

2. Tracking: Most banks provide mobile apps for easy expense tracking. IndusInd Bank’s IndusMobile App is a prime example.

3. Assured Returns: Instant savings accounts often offer competitive interest rates, helping your funds grow faster.

4. Cashback Offers: Enjoy cashback deals with various brands, effectively saving money while you spend.

IndusInd Bank Online Savings Account

IndusInd Bank offers an Online Savings Account that’s tailor-made for your convenience and savings goals. Here’s what it offers:

1. Digital Account Opening: You can open an account via Video KYC, eliminating the need for physical visits to the bank.

2. Customized Account Number: Choose an account number of your choice to make banking more personal.

3. The IndusMobile App: Access your account anytime, anywhere, with the user-friendly mobile app.

4. Attractive Interest Rates: Earn interest on your account balance, helping your savings grow steadily.

Conclusion

Saving money is a vital aspect of financial well-being, and instant savings account opening can be a game-changer in your savings journey. The IndusInd Bank Online Savings Account not only simplifies the account opening process but also provides a host of benefits, including assured returns, cashback offers, and convenient digital banking. By choosing the right savings account, you can enhance your financial security and achieve your goals more efficiently. Start saving today and secure your financial future.

Open IndusInd Bank Online Savings Account today

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Personal Loan

How to avoid rejection of personal loan application

September 25, 2023 Vinayak Leave a comment

The process of applying for a personal loan has become easier and seamless with the entire process going digital. Nonetheless, lenders closely scrutinise factors like your credit score and payment history before approving your application. This is crucial as a lot of personal loan applications get rejected due to various reasons. This blog will take you through some of the common reasons behind the rejection of applications, along with strategies to avoid them.

Common reasons behind the rejection of a personal loan

Getting a personal loan has become convenient, as the time taken to process the application, approve the loan and disburse the funds has become entirely digital. Moreover, these loans are popular because they don’t require collateral and have no end-use restrictions. Yet, approval isn’t guaranteed for all applications. Some of the common reasons why lenders reject a personal loan application are:

1. Low credit score

Having a low credit score is an indicator of high credit utilisation, bad payment history, and poor credit management skills. If you have a low credit score, lenders consider you to be a high-risk applicant, which leads to the rejection of the loan application.

2. Low income and high debt

Your annual income, along with your current debt, is carefully assessed by lenders to understand if you meet their personal loan eligibility criteria. They assess this to gauge your repayment ability. Having too many loans is considered a red flag by lenders. So, if your debt-to-income ratio is on the higher side, lenders might reject your application because you might not be able to handle more debt.

3. Errors / negative remarks in credit report

Any negative remark in your credit report, like ‘written-off’ or ‘settled’ might make the lender rethink approving your loan application. Additionally, inaccuracies like incorrect payment reporting or errors in personal and PAN details can lead to rejection.

4. Multiple loan enquiries and applications

Applying for multiple loans within a short span can prove to be harmful to your loan application. You must know that every lender scrutinises your credit report before approving any loan. If your report indicates multiple loan applications or enquiries, lenders will question your financial credibility. This could lead to rejection of your loan application.

5. Incomplete application and documents

Your documents play a vital role in your loan approval. These documents are used to evaluate your credibility. If you miss submitting important documents or filling in important information as required by the lender, they could reject your application.

6. Unstable employment history

Your employment history is essential for a personal loan application. Applicants who work in companies that are not registered might face issues in getting their personal loan approved. Furthermore, any gaps in employment or regular switching of jobs can negatively impact your loan approval.

Tips to avoid rejection of personal loan

1. Improve your credit score

The most crucial step you must consider is improving your credit score. A score above 750 is considered excellent, given that credit scores range from 300-900. Here is how you can achieve an excellent score:

Review your credit report regularly, check for errors, and report them immediately.
Pay all your loan EMIs and credit card bills on time.
Use your credit card responsibly and aim at reducing the credit utilisation ratio.
Do not make multiple loan or credit card enquiries within a short duration.

2. Build a strong financial profile

You must build a strong financial profile. A robust financial profile signals to lenders that you are financially stable and responsible. Here’s how to do it:

Provide proof of any promotion and raise in your pay structure. Furthermore, try to enhance your income via freelance work or gigs.
Minimise the number of loans taken by you by clearing them off. Ensure your debt-to-income ratio is below 35%.
Having savings in the form of investments or an emergency fund not only helps you in times of emergencies but also has a positive impact on your loan application.

3. Have a complete set of documents

If the documents submitted by you are incomplete and are not in sync with the lender’s requirements, your loan application can be rejected immediately. To prevent this,

Ensure you know the documentation requirements of the lender you are applying with.
Crosscheck your documents and information filled in the application before submitting them.

There are a few leading loan providers like IndusInd Bank that have a 100% paperless personal loan application process. This ensures quick processing and speedy disbursal of your personal loan.

4. Have stable employment

A lender will always give preference to applicants with a stable employment history and working with registered companies.

Ensure you’ve been employed with your current organisation for at least a year before applying for an online personal loan.
Ensure you have valid reasons for any gap in your employment journey.

5. Opt for a co-applicant or guarantor

While applying for a personal loan, in case you do not have strong financials to support your application, you can rope in a co-applicant or a guarantor. However, ensure your co-applicant / guarantor has a good credit score and income.

6. Select the right loan amount and lender, such as IndusInd Bank

IndusInd Bank can be your trusted partner when you are in need of a personal loan.

Applying for an instant personal loan is 100% digital and paperless.
You can avail of loan amounts ranging from ₹30,000 to ₹5 lakhs.
The bank offers competitive interest rates starting from 10.49% p.a.
You can choose a flexible repayment tenure ranging from 12 to 48 months.
Before applying for an IndusInd Bank Personal Loan, you can gain clarity on the monthly EMIs payable by using IndusInd Bank’s Personal Loan EMI Calculator. This will help you choose your loan amount and tenure according to your budget.

You must remember that in case your loan application gets rejected for any reason, do not be disheartened. It allows you to understand and address the reasons that led to the rejection. You can work on these areas and reapply for a personal loan shortly.

Conclusion

Getting instant personal loan approval can help you in times of financial crisis. Yet, this requires thorough research and preparation on your part. Being selective when applying for a personal loan is crucial, as multiple rejections can negatively impact your credit score.

By understanding the common reasons for rejection and following the tips to avoid rejection of your personal loan, you can improve your chances of getting your loan approved. If you require an instant personal loan without the hassles of tedious paperwork and at competitive interest rates, apply now for an IndusInd Bank Personal Loan!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

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1. Financial Security

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Conclusion

The Role of Savings Accounts in Financial Upliftment

Indus DIVA Savings Account – Benefits and Features

How Indus DIVA Savings Account Uplifts Women Financially

Conclusion

The Importance of Saving Money

Tips to Save Money

How Instant Savings Account Helps

IndusInd Bank Online Savings Account

Conclusion

Common reasons behind the rejection of a personal loan

1. Low credit score

2. Low income and high debt

3. Errors / negative remarks in credit report

4. Multiple loan enquiries and applications

5. Incomplete application and documents

6. Unstable employment history

Tips to avoid rejection of personal loan

1. Improve your credit score

2. Build a strong financial profile

3. Have a complete set of documents

4. Have stable employment

5. Opt for a co-applicant or guarantor

6. Select the right loan amount and lender, such as IndusInd Bank

Conclusion