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HDFC Classic Banking upgrade suggestions

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Deal Subedar
rohit_agarwal

I have FD of 5L with bank maturing in june 2020. now they are calling me and told me to activate classic banking from NetBanking offer tab. After login NetBanking, i also can see this offer.

Now i want suggestion, should i avail classic account.? Because after maturity of fd, i may withdraw money.

If i don’t mainten 5L fd or 1L saving balance, what will happen? They charge for non maintenance of Amb.

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Deal Cadet Deal Cadet
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No, they will convert in normal

Deal Captain Deal Captain
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is the debit card annual charges free on 5L FD HDFC Bank

Deal Subedar Deal Subedar
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desiman wrote:

is the debit card annual charges free on 5L FD HDFC Bank

Its my new account only 5 months old. They charged 590 but reverse 500 without gst after talk with RM.

Blogger Blogger
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rohit_agarwal wrote:

Its my new account only 5 months old. They charged 590 but reverse 500 without gst after talk with RM.

who is Relationship Manager
how to know him/her
how to approach

Deal Captain Deal Captain
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rohit_agarwal wrote:

Its my new account only 5 months old. They charged 590 but reverse 500 without gst after talk with RM.

had u kept 5L at the time of opening the account

Deal Newbie Deal Newbie
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I am having classic banking.. How to upgrade it to Preferred ? My acc standing satisfies preferred banking criteria. When I asked my RM to upgrade, he told me that I am handling classic accs only and don’t upgrade to preferred because in case yr acc standing falls below to eligibility criteria then it won’t be downgraded to classic and it will become standard acc. It seems he doesn’t want to loose his classic customers bcoz he only handles classic accs. Please suggest the way to upgrade.

Deal Subedar Deal Subedar
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rogerthat wrote:

who is Relationship Manager
how to know him/her
how to approach

There is a counter in bank for relationship manager. While opening the account, i told her to provide cheapest debit card. But she told she can give me reward debit card. I refused to open account.

But she offered me to reverse debit card fee for 1st year.

Deal Subedar Deal Subedar
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desiman wrote:

had u kept 5L at the time of opening the account

I opened by only 1L… After i transferred after a week.

Blogger Blogger
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rohit_agarwal wrote:

There is a counter in bank for relationship manager. While opening the account, i told her to provide cheapest debit card. But she told she can give me reward debit card. I refused to open account.

But she offered me to reverse debit card fee for 1st year.

I never went to bank
account opening guy came to my bank
completed formalities and handover kit to me

again comes to me after 3 days applies online for Credit card and i got it in 10 days or so.


plus i don’t have time to go to other bank.


is that guy RM for me ?

Deal Subedar Deal Subedar
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rogerthat wrote:

I never went to bank
account opening guy came to my bank
completed formalities and handover kit to me

again comes to me after 3 days applies online for Credit card and i got it in 10 days or so.


plus i don’t have time to go to other bank.


is that guy RM for me ?

I don’t know about your branch…. But here in my branch, a seperate counter for RM.

Deal Cadet Deal Cadet
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parthrp888290 wrote:

I am having classic banking.. How to upgrade it to Preferred ? My acc standing satisfies preferred banking criteria. When I asked my RM to upgrade, he told me that I am handling classic accs only and don’t upgrade to preferred because in case yr acc standing falls below to eligibility criteria then it won’t be downgraded to classic and it will become standard acc. It seems he doesn’t want to loose his classic customers bcoz he only handles classic accs. Please suggest the way to upgrade.

You can request from the app.

Deal Cadet Deal Cadet
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parthrp888290 wrote:

I am having classic banking.. How to upgrade it to Preferred ? My acc standing satisfies preferred banking criteria. When I asked my RM to upgrade, he told me that I am handling classic accs only and don’t upgrade to preferred because in case yr acc standing falls below to eligibility criteria then it won’t be downgraded to classic and it will become standard acc. It seems he doesn’t want to loose his classic customers bcoz he only handles classic accs. Please suggest the way to upgrade.

Visit bank and get hold of a preferred RM and get the form filled for preferred banking and submit it to him.

Deal Cadet Deal Cadet
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Maver1ck wrote:

You can request from the app.

Don’t think it is possible from the app. App just gives information about it but you have to visit the branch to get it done unless you get the offer in net banking.

Deal Lieutenant Deal Lieutenant
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rogerthat wrote:

I never went to bank
account opening guy came to my bank
completed formalities and handover kit to me

again comes to me after 3 days applies online for Credit card and i got it in 10 days or so.


plus i don’t have time to go to other bank.


is that guy RM for me ?

No.

Deal Cadet Deal Cadet
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watever wrote:

Don’t think it is possible from the app. App just gives information about it but you have to visit the branch to get it done unless you get the offer in net banking.

Hmm. Just checked. The option used to be in the app but does not seem to be there now.

Deal Cadet Deal Cadet
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rogerthat wrote:

I never went to bank
account opening guy came to my bank
completed formalities and handover kit to me

again comes to me after 3 days applies online for Credit card and i got it in 10 days or so.


plus i don’t have time to go to other bank.


is that guy RM for me ?

RM only for Prime, Classic, Preferred and Imperia customers only.

Deal Captain Deal Captain
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rohit_agarwal wrote:

There is a counter in bank for relationship manager. While opening the account, i told her to provide cheapest debit card. But she told she can give me reward debit card. I refused to open account.

But she offered me to reverse debit card fee for 1st year.

mere ko bhi bola tha reverse karenge but then they rejected it rage

Deal Subedar Deal Subedar
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What is one worthy benefit will one get after upgrading to classic or preferred or to even imepria ? and then RM , he or she will keep approaching you all the time for bad insurance plans to bad investment plans and loans .

Deal Subedar Deal Subedar
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desiman wrote:

mere ko bhi bola tha reverse karenge but then they rejected it rage

But i got ₹500 refund without gst… So i paid ₹90 for reward debit card.

Deal Subedar Deal Subedar
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ZitOO wrote:

What is one worthy benefit will one get after upgrading to classic or preferred or to even imepria ? and then RM , he or she will keep approaching you all the time for bad insurance plans to bad investment plans and loans .

Yeh… I know, but as i already have 5L fd, i don’t have to keep 10k in saving account as idle money. So it will somehow useful for me.

Deal Subedar Deal Subedar
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ZitOO wrote:

What is one worthy benefit will one get after upgrading to classic or preferred or to even imepria ? and then RM , he or she will keep approaching you all the time for bad insurance plans to bad investment plans and loans .

Free Locker & Free demat account are two features which might be very useful for many users.

Deal Cadet Deal Cadet
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Seinfeld wrote:

Free Locker & Free demat account are two features which might be very useful for many users.

free locker for classic banking?

Deal Subedar Deal Subedar
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asen wrote:

free locker for classic banking?

Imperia has it free.. In preferred its 50% off

Deal Subedar Deal Subedar
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Seinfeld wrote:

Free Locker & Free demat account are two features which might be very useful for many users.

How free demat?

Deal Subedar Deal Subedar
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What happens if AMB is not maintained?
In this page https://www.hdfcbank.com/personal/save/high-net... it says “Charges on non Maintainence of minimum Balance in Savings Accounts Nil”

Also I don’t have amount in my account currently to fulfil the criteria, not sure why they sent mail to activate preferred.

Deal Cadet Deal Cadet
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rogerthat wrote:

I never went to bank
account opening guy came to my bank
completed formalities and handover kit to me

again comes to me after 3 days applies online for Credit card and i got it in 10 days or so.


plus i don’t have time to go to other bank.


is that guy RM for me ?

Generally HDFC sends e-mail about your RM and his/her phone number. I generally get in a month or two like…this is your RM and contact number is this… and sometime get SMS as well.
As far as i know RMs are not from any branch.

Analyst Analyst
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Par_ wrote:

Generally HDFC sends e-mail about your RM and his/her phone number. I generally get in a month or two like…this is your RM and contact number is this… and sometime get SMS as well.
As far as i know RMs are not from any branch.

My RM is from a branch. Axis has some digital relationship manager, they fall under the category you mentioned. They(Axis RMs) are outsourced folks who are good at selling unnecessary plans, and best at saying “we don’t have permission” for any help I need.

Deal Subedar Deal Subedar
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Seinfeld wrote:

Free Locker & Free demat account are two features which might be very useful for many users.

Don’t fall for such marketing gimmick….
Imperia customers need to maintain 10Lac in saving..3.5%
If one maintain that much in FD interest difference itself will fund for the locker ..😀

Demat AMC is waived..but still high brokerages…better have Zerodha or similar accounts..

Also if balance falls below 10Lac..HDFC will convert account to preferred (after due communication), and user will be charged for locker and demat.

Not a big fan of of all this HNV accounts, although I myself is having Imperia…HDFC imperia is just because of some differences between myself and my ICICI RM 😂

best feature in HDFC is choose your own account number (initial deposit of 5 Lac needed )…

Deal Cadet Deal Cadet
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Can I just open an account with 1.25 L and transfer the 1L next month.
Will my account be classic or do I need to pay some fine for non maintenance of amc or account gets converted to a lower variant account

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