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Need to open ICICI Account

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Deal Cadet
samm255

Greetings Dimers,

I’ve closed my Axis account so looking for a replacement. I already have HDFC and SBI and want to open one last account. Which ICICI account type offers zero balance or I can make zero balance after some initial funding ? Does ICICI have account like hdfc classic, preferred where once account upgraded we can enjoy zero balance benefit and free dc?
TIA.

PS: Please exclude ICICI Mine account.

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30 Comments  |  
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Deal Subedar Deal Subedar
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Talk with branch manager

Comrade Comrade
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No ..no free dc on account less than 50k balance….better to get a ICICI fd..and get fd based cards on that….it’s ltf and you will get all the ICICI offers …and for initial funding and making account zero balance after sometime…you need to talk to the manager of the branch…they give specific offers if you are lucky ..

Deal Cadet Deal Cadet
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Walk into any branch with a cheque of 5L, open a Wealth Account, and have a 0 MAB account for life.

Helpful Helpful
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It’s 10 lakh for non wealth branches I enquired also in normal branches they ask so many questions about profession,salary,purpose of this account they deliberately avoided me from taking wealth account instead they insisted me to take their titanium privilege account. I got pissed and postponed my account opening to next year since most private banks staff change every year

Finance Ninja Finance Ninja
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I think there are branch specific offers for opening a 0 bal silver account. You will have to check with your branch manager for that.

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Generous Generous
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Why you don’t want Mine account? What are the downsides? @samm255

Deal Newbie Deal Newbie
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Why don’t you go for Neobanks

Deal Cadet Deal Cadet
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Already have Jupiter. I wouldn’t recommend to Neo banks to anyone though. If you run in some trouble they won’t able to help you because they don’t have your financial data, they depend on their partner bank. I had some problem with an international transaction so after the 10 days of complian they told me we don’t support all international merchants. That’s it, that was their explanation.

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Deal Captain Deal Captain
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Hi guys one question.
HDFC doesn’t Downgrade accounts or write penalty if we don’t maintain the necessary balance in premium banking i.e. preferred/imperia

Is it the same for icici, one & gold accounts. Or they charge and downgrade??

@SastaRaju @timelord @Tanmayyy @prem4998

Generous Generous
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Open as silver with 50k initial deposit so it will be zero balance then if you do all your transactions in ICICI within one year you will be definitely upgraded to Gold or Titanium. In my case Titanium upgrade happened in 15 months. Since it was opened as a zero balance and upgraded later on, I am still required to maintain 0 being a Titanium Privilege Banking Customer.

They do have privilege(premium) banking and wealth banking(must maintain high NRV) separately. Privilege banking doesn’t have anything attractive but the wealth banking do and all wealth banking savings account are 0 balance accounts.

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Deal Captain Deal Captain
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@SastaRaju @Ramta_Jogi I saw that one titanium account (2 lakhs) gives 0 balance account. What happens if I don’t maintain balance, any penalty or downgrade.
Also demat account is free, annual maintenance from 2nd year as said by description, will it also be waived?

Deal Subedar Deal Subedar
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No amc waiver for titanium account , chindi bank 
Only hdfc has this feature 

For icici just talk to BM , they have internal 0 bal life time account if you deposit 1-2L when account opening You can withdraw next day 

And titanium deducts bal for non maintenance

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Deal Cadet Deal Cadet
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Did you closed you icici account?

Is there any way to open zero balance icici account as Branch people already denied me of any zero balance account, They said you have to maintain MAB in silver account .Any other way ?


Also does icici converts salary account to regular savings when no salary credits happen or does it stays as it is?

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