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HDFC Preferred Account - Maximising benefits?

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nimod

I am going to open Preferred account with 2l initial deposit. What benefits should i care to confirm or negotiate? 

My primary goals are zero MAB + free Debit Card. 

Can they issue platinum easyshop debit card without fee for Preferred account?

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Community Angel Community Angel
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yes you will get easyshop platinum preferred card free

Finance Ninja Finance Ninja
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drupal wrote:

yes you will get easyshop platinum preferred card free

Do they have any other accounts aswell that need a minimum initial deposit but become zero balance after that?

Deal Cadet Deal Cadet
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Tanmayyy wrote:

Do they have any other accounts aswell that need a minimum initial deposit but become zero balance after that?

Classic account initial funding 1L.

Deal Cadet Deal Cadet
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@nimod Preferred account is their high net worth banking program. They’ll enroll you into it with the initial funding after opening an account make sure that they don’t levy charges for that account until you are enrolled into the program.

To maximize benefits opt for family banking program (open accounts for your family members) to share the benefits of preferred program with family members.

And maybe go far somewhat new branch with lockers, hopefully can take advantage of the locker fee discount.

Finance Ninja Finance Ninja
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10ven wrote:

Classic account initial funding 1L.

Which one would u suggest? Classic or preferred?

Deal Cadet Deal Cadet
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Tanmayyy wrote:

Which one would u suggest? Classic or preferred?

If most of your banking needs get fulfilled online, go with Classic. If offline go with Preferred so that your RM would get things done for you.
If you chose to open anyone of it, do maintain the balance.

Finance Ninja Finance Ninja
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10ven wrote:

If most of your banking needs get fulfilled online, go with Classic. If offline go with Preferred so that your RM would get things done for you.
If you chose to open anyone of it, do maintain the balance.

Is balance not maintained they’ll take away the zero mab condition and/or preferred banking status?

Deal Cadet Deal Cadet
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Tanmayyy wrote:

Is balance not maintained they’ll take away the zero mab condition and/or preferred banking status?

Norm is, they would downgrade the account. But that rarely happens.

Generous Generous
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Aren’t these invite based
I wasn’t given option for these even by initial funding of 1 or 2 lacs

Still after 5 months they haven’t sent classic invite

Generous Generous
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avgn wrote:

Aren’t these invite based
I wasn’t given option for these even by initial funding of 1 or 2 lacs

Still after 5 months they haven’t sent classic invite

Your branch officials manipulated you then

Generous Generous
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prem4998 wrote:

Your branch officials manipulated you then

They were saying put 5 lacs and you’ll get custom account number grin
I guess they were novice and didn’t know anything

Helpful Helpful
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avgn wrote:

Aren’t these invite based
I wasn’t given option for these even by initial funding of 1 or 2 lacs

Still after 5 months they haven’t sent classic invite

Yes,I don’t know how these people directly opening preferred account. I opened gold speciale a/c becoz of this waited 6 months to receive the preferred invite.

Critic Critic
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avgn wrote:

They were saying put 5 lacs and you’ll get custom account number grin
I guess they were novice and didn’t know anything

custom.account number is true..needs initial 5Lac funding.

Generous Generous
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avgn wrote:

They were saying put 5 lacs and you’ll get custom account number grin
I guess they were novice and didn’t know anything

We could get custom account number for only 20k with IndusInd wink

Finance Ninja Finance Ninja
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prem4998 wrote:

We could get custom account number for only 20k with IndusInd wink

On my way to reserve 6969696969

Deal Subedar Deal Subedar
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10ven wrote:

@nimod Preferred account is their high net worth banking program. They’ll enroll you into it with the initial funding after opening an account make sure that they don’t levy charges for that account until you are enrolled into the program.

To maximize benefits opt for family banking program (open accounts for your family members) to share the benefits of preferred program with family members.

And maybe go far somewhat new branch with lockers, hopefully can take advantage of the locker fee discount.

its difficult to find a new branch in Delhi.

or i don’t know how to find a new branch..

Deal Cadet Deal Cadet
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avgn wrote:

Aren’t these invite based
I wasn’t given option for these even by initial funding of 1 or 2 lacs

Still after 5 months they haven’t sent classic invite

True these are not accounts, it is HNW program by HDFC. One has to have general account with fulfilling criteria to be eligible for these. You can visit your branch and raise a request for Classic/Preferred instead of waiting for invite. 
After all you funded them with 5L, they should be able to do at least that for you.  

Generous Generous
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10ven wrote:

True these are not accounts, it is HNW program by HDFC. One has to have general account with fulfilling criteria to be eligible for these. You can visit your branch and raise a request for Classic/Preferred instead of waiting for invite. 
After all you funded them with 5L, they should be able to do at least that for you.  

I didn’t actually fund with 5 lac as custom account didn’t matter
I clearly asked them twice if 1 lac or 2 lac matters , he said no nothing you’ll get extra with this so just funded 1 lac

Deal Cadet Deal Cadet
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avgn wrote:

I didn’t actually fund with 5 lac as custom account didn’t matter
I clearly asked them twice if 1 lac or 2 lac matters , he said no nothing you’ll get extra with this so just funded 1 lac

I guess you should get invite post 6 months, if not do visit branch and ask them to raise a request for classic banking. Ultimately its at their discretion but give it a try.

Deal Subedar Deal Subedar
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drupal wrote:

yes you will get easyshop platinum preferred card free

is this same as normal easyshop platinum?

as the purpose is 1% cc bill pmts. 


Deal Cadet Deal Cadet
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nimod wrote:

its difficult to find a new branch in Delhi.

or i don’t know how to find a new branch..

Well Delhi, then it isn’t easy.

Deal Cadet Deal Cadet
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nimod wrote:

is this same as normal easyshop platinum?

as the purpose is 1% cc bill pmts. 


Yes same.

Deal Cadet Deal Cadet
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timelord wrote:

Yes,I don’t know how these people directly opening preferred account. I opened gold speciale a/c becoz of this waited 6 months to receive the preferred invite.

Not directly. After opening normal account only.

Commentator Commentator
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Sudarshan61 wrote:

custom.account number is true..needs initial 5Lac funding.

That too with requirement of getting payment from a different bank than HDFC. Must be something about snatching business from other banks to give choice account number

Community Angel Community Angel
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nimod wrote:

is this same as normal easyshop platinum?

as the purpose is 1% cc bill pmts. 


You will get 1% but card has a premium design and color

Community Angel Community Angel
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nimod wrote:

is this same as normal easyshop platinum?

as the purpose is 1% cc bill pmts. 


You will get 1% but card has a premium design and color

Shopping Friend Shopping Friend
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drupal wrote:

yes you will get easyshop platinum preferred card free

is millenia DC also free for preferred?

Finance Ninja Finance Ninja
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timelord wrote:

Yes,I don’t know how these people directly opening preferred account. I opened gold speciale a/c becoz of this waited 6 months to receive the preferred invite.

Why wait you could fill an offline form for upgrade

Deal Subedar Deal Subedar
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Fanil wrote:

Why wait you could fill an offline form for upgrade

Do branch people have authority to convert an account to preferred? Or they have to wait till backend team makes the conversion-offer?

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