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HDFC Preferred Account upgrade

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Deal Cadet
samm255

I’ve got the regular account upgrade offer to Preferred account through whatsapp and it is also showing under offers in netbanking. Should I do it? Eligibility criteria says I have to maintain AMB 2 lacs but I can’t do that, in fact right now I only have 60K in my account and sometimes my balance goes down to minimum balance 10K.

Also under Fees & Charges it mentioned Charges on non Maintenance of minimum Balance in Savings Accounts is NIL so I am confused?

Please suggest me if I do upgrade or should I stay away?

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Deal Cadet Deal Cadet
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No fee for non maintenance of minimun balance, get it upgraded. At most you’ll be downgraded later on for non maintenance.

Deal Cadet Deal Cadet
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There aren’t any charges if you’re not maintaining 2L balance.
Max they’ll just downgrade back but usually they don’t do. So its worth upgrading

Deal Cadet Deal Cadet
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so I can upgrade even though I don’t have 2 lacs in my account at the moment? @10ven @GuruGhantaal

Deal Cadet Deal Cadet
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Yes since it shows for you in netbanking.

Deal Cadet Deal Cadet
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@Fanil bro please spread some light as you already have preferred account I guess?

Finance Ninja Finance Ninja
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No need to maintain go for upgrade

Deal Subedar Deal Subedar
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I have also upgraded to preferred account and never kept more than Rs 100 in account. I get email every month that my AMB is low but it is not yet downgraded. It’s been almost 2 years now.
Mine is a salary account though, but not sure if that matters.

Deal Subedar Deal Subedar
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Can I upgrade my regular hdfc saving account to saving max online to avoid debit card charges

Deal Subedar Deal Subedar
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No

Deal Cadet Deal Cadet
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Thank you everyone. Just submitted the request to upgraded account. How long does it take to upgrade?

Deal Cadet Deal Cadet
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how old was ur regular account?? how much balance did u maintain for last 6 months???

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Deal Cadet Deal Cadet
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@Ramta_Jogi bro, I need some suggestion from you about preferred. As I already upgraded my account and I’ve seen you mentioned to downgrade account if want any loan as charges are high for preferred customer. I plan to take a loan from them in future against property, it will be around 15 lakh so should I downgrade my account first or I can take it as preferred. Can you please shed some light ?

Benevolent Benevolent
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I have never heard charges are higher for preferred customers…
Rather they will have processing fee waivers/discounts if you are preferred customer.

interest rates will depends on your CIBIL score and your repayment capacity.

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Deal Cadet Deal Cadet
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I have classic account with hdfc.
Do they send new debit card after preferred or will classic platinum will be there?

Deal Cadet Deal Cadet
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I too get classic offers, t&c says would be charged if no MAB care is taken, what should I do

Generous Generous
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Do it. Classic upgrade doesn’t have MAB charges and chances of downgrade is very low @karan.chawla001109

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Deal Cadet Deal Cadet
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Many people say that there is no charges if you don’t maintain MAB. Preferred account t&c says Nil charges for MAB.

Deal Cadet Deal Cadet
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How long does it take to upgrade account. Still nothing happened.

Generous Generous
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10 to 30 days

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Helpful Helpful
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I too got Classic upgrade option. Mine is salary account and it is zero AMB. Free debit card issued too.
Will there be any extra benefit with this classic upgrade?
I have Money Back CC.
Can that be upgraded to higher variant with this classic upgrade?

I went through all the replies, but, I do not see any real benefit with classic upgrade.

Deal Cadet Deal Cadet
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You can go for classic upgrade. Its basically cherry on top. There is no charges if you don’t maintain any MAB. You will find CC upgrade offer little early than normal regular/salary account.

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Coupon Connoisseur Coupon Connoisseur
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Today my account relationship got downgraded from Classic to Standard don’t know why.my account balance was always >1.5L from last 2 months it was >2L I was hoping for upgrade to Preferred.

Any idea what might have happened @GuruGhantaal @prem4998

Generous Generous
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Same here. Got downgraded to standard. Just noticed it after your message. Talk to your RM. I will call mine now and update you.

Probably due to technical glitch I guess.

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Deal Cadet Deal Cadet
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Anybody got their account converted back to original (classic/preferred) account ?

Or it is the way now for hdfc ?

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