https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101387
No fee for non maintenance of minimun balance, get it upgraded. At most you’ll be downgraded later on for non maintenance.
HDFC Preferred Account upgrade
- 3465
- 50
-
- Last Comment
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?
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101390
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
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101401
so I can upgrade even though I don’t have 2 lacs in my account at the moment? @10ven @GuruGhantaal
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101435
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.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101443
Can I upgrade my regular hdfc saving account to saving max online to avoid debit card charges
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101639
Thank you everyone. Just submitted the request to upgraded account. How long does it take to upgrade?
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101650
samm255 wrote:Thank you everyone. Just submitted the request to upgraded account. How long does it take to upgrade?
how old was ur regular account?? how much balance did u maintain for last 6 months???
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101705
Expand
aniket1587 wrote:how old was ur regular account?? how much balance did u maintain for last 6 months???
It’s 5 months old. My balance was highly fluctuated these 5 months so can’t tell exactly but I guess it was 50k AQB.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101844
Mufasa wrote:Can I upgrade my regular hdfc saving account to saving max online to avoid debit card charges
No
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8101861
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8102151
samm255 wrote:so I can upgrade even though I don’t have 2 lacs in my account at the moment? @10ven @GuruGhantaal
Yes since it shows for you in netbanking.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8102418
@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 ?
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8102577
Expand
aniket1587 wrote:just 5 month old account and AMB faaar from required 2 lac and u still got preferred acc upgrade… u r very lucky…
Initially I had 5 lakh for 3 months then next two months only had 10k and now I have 60k. Account will be 6 months old on 27th.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8103265
samm255 wrote:@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 ?
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.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8103959
Expand
Sudarshan61 wrote: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.
I was asking for the worst case scenario in repayment, what happens if I miss one or two repayment due to some financial issue in future? Would the interest rate be higher on late payments compare to normal account ?
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8104007
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8104021
I have classic account with hdfc.
Do they send new debit card after preferred or will classic platinum will be there?
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8104564
samm255 wrote:@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 ?
Ask for the loan against property rate now and then ask some other friend who holds regular hdfc account to confirm that rate with the bank branch
The thing is, these rates (loan against property) are not instantly available to cross check via netbanking & hence need to be physically examined & verified.
Do consider other banks too for such secured loans. ICICI has competitive rates now. SBI, most probably, would have cheapest offering.
Avoid Axis
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8104582
Expand
Sudarshan61 wrote:I have never heard charges are higher for preferred customers…
Rather they will have processing fee waivers/discounts if you are preferred customer.
You won’t hear it coz not many dig through the surface of sweet smiles of the bankers handing out loan to you. These processing fee waivers/discounts are just to sugar coat that “premier” jackass status they hand to you.
After all, how many do even read the TnC of any credit card booklet/loan application?
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8106551
Expand
Ramta_Jogi wrote:Ask for the loan against property rate now and then ask some other friend who holds regular hdfc account to confirm that rate with the bank branch
The thing is, these rates (loan against property) are not instantly available to cross check via netbanking & hence need to be physically examined & verified.
Do consider other banks too for such secured loans. ICICI has competitive rates now. SBI, most probably, would have cheapest offering.
Avoid Axis
Thank you bro for the advise.
Submitted AXIS account closure request last week and done with them.
I’ve SBI 14 yrs old account so will check with them also.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8108006
I too get classic offers, t&c says would be charged if no MAB care is taken, what should I do
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8108100
Many people say that there is no charges if you don’t maintain MAB. Preferred account t&c says Nil charges for MAB.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8114070
How long does it take to upgrade account. Still nothing happened.
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8133213
karan.chawla001 wrote:I too get classic offers, t&c says would be charged if no MAB care is taken, what should I do
Do it. Classic upgrade doesn’t have MAB charges and chances of downgrade is very low @karan.chawla001109
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8133452
Expand
prem4998 wrote:Do it. Classic upgrade doesn’t have MAB charges and chances of downgrade is very low @karan.chawla001109
Thank u ,done
https://www.desidime.com/discussions/hdfc-preferred-account-upgrade?page=1#post_8133626
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.
Click here to reply
Reply
