Need to open ICICI Account

169°
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.

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.
30 Comments  |  
13 Dimers
  • Sort By
Deal Subedar Deal Subedar
Link Copied

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 Newbie Deal Newbie
Link Copied

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

Deal Cadet Deal Cadet
Link Copied
Spiderguy252 wrote:

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

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

Chennai Super Kings Chennai Super Kings
Link Copied
kukdookoo wrote:

@Ramta_Jogi @Tanmayyy

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.

Deal Cadet Deal Cadet
Link Copied

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

Deal Newbie Deal Newbie
Link Copied

Why don’t you go for Neobanks

Deal Subedar Deal Subedar
Link Copied
Expand
Tanmayyy wrote:

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.

+1

Initial deposit is only Rs. 50,000

Deal Lieutenant Deal Lieutenant
Link Copied

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

Deal Subedar Deal Subedar
Link Copied
decideaim wrote:

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 balance or they levy penalty) separately. Privilege banking doesn’t have anything attractive but the wealth banking do.

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.

Deal Lieutenant Deal Lieutenant
Link Copied
Expand
prem4998 wrote:

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.

But wealth is 10 lakh+ right?

Chennai Super Kings Chennai Super Kings
Link Copied
decideaim wrote:

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

Haven’t had much experience with icici bank’s accounts so can’t tell. Only have a icici bank mine account.

Deal Subedar Deal Subedar
Link Copied
Expand
decideaim wrote:

But wealth is 10 lakh+ right?

Eligibility Criteria
Wealth Management Services are available for customer maintaining a Deposit and Investment Value*(DIV) of minimum INR 25 Lakhs.

*Deposit and Invetment Value comprises of

Savings and Current account balance
Fixed Deposits
Mutual Fund holding value
ULIP holding value

Please note that the definition of DIV can be changed at any time at the discretion of ICICI Bank.

Deal Subedar Deal Subedar
Link Copied
Expand
prem4998 wrote:

Eligibility Criteria
Wealth Management Services are available for customer maintaining a Deposit and Investment Value*(DIV) of minimum INR 25 Lakhs.

*Deposit and Invetment Value comprises of

Savings and Current account balance
Fixed Deposits
Mutual Fund holding value
ULIP holding value

Please note that the definition of DIV can be changed at any time at the discretion of ICICI Bank.

I recently moved to HDFC classic as I do not get any value or cashback offers from ICICI. Their premium banking is a joke unless it’s a wealth account.

Deal Lieutenant Deal Lieutenant
Link Copied
Expand
prem4998 wrote:

Eligibility Criteria
Wealth Management Services are available for customer maintaining a Deposit and Investment Value*(DIV) of minimum INR 25 Lakhs.

*Deposit and Invetment Value comprises of

Savings and Current account balance
Fixed Deposits
Mutual Fund holding value
ULIP holding value

Please note that the definition of DIV can be changed at any time at the discretion of ICICI Bank.

smile Not for me
Although you took only silver account, if you have idea can you suggest an account type (1 or 2 lakh minimum balance) that allows 0 balance and free trading and demat account
Deal Lieutenant Deal Lieutenant
Link Copied

@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
Link Copied
Expand
decideaim wrote:
smile Not for me
Although you took only silver account, if you have idea can you suggest an account type (1 or 2 lakh minimum balance) that allows 0 balance and free trading and demat account

Since your requirements are customized, I would recommend visiting the nearest branch and convince them with your initial deposit amount. They might give the 0 balance account with demat facilities and offers.

These 0 balance account offers are location specific(in terms of initial deposit) so visiting the branch will give you up to date info.

Deal Subedar Deal Subedar
Link Copied
decideaim wrote:

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

Icici will charge if you dont maintain AMB for titanium/gold account, whether they downgrade no idea 

Hdfc will downgrade if you have upgraded offline to premium banking . No charges for non maintenance tho  . For online upgrade they only send reminder nothing else 

Btw  their speciale accounts are chargeable 

Deal Lieutenant Deal Lieutenant
Link Copied
Expand
EkdamSastaRaju wrote:

Icici will charge if you dont maintain AMB for titanium/gold account, whether they downgrade no idea 

Hdfc will downgrade if you have upgraded offline to premium banking . No charges for non maintenance tho  . For online upgrade they only send reminder nothing else 

Btw  their speciale accounts are chargeable 

Thanks cleared a lot of things plus1

Deal Subedar Deal Subedar
Link Copied
decideaim wrote:

@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?

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

Deal Lieutenant Deal Lieutenant
Link Copied
Expand
EkdamSastaRaju wrote:

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

I will do it through BM like you suggested. I will approach HDFC bank branch for LTF trading and demat account or would you suggest I take ICICI demat+trading even if paid one?

Deal Cadet Deal Cadet
Link Copied
Area51 wrote:

Why don’t you go for Neobanks

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.

Deal Cadet Deal Cadet
Link Copied
Expand
prem4998 wrote:

+1

Initial deposit is only Rs. 50,000

well, in my branch they told me 1.25 lakh initial funding and 25k AMB is mandatory for silver account otherwise there will be charges so dropped the idea to open account.

Deal Subedar Deal Subedar
Link Copied
Expand
decideaim wrote:

I will do it through BM like you suggested. I will approach HDFC bank branch for LTF trading and demat account or would you suggest I take ICICI demat+trading even if paid one?

I have both and I find ICICI to be a little polished , btw  not worth paying 840 bucks  per year on  Amc when you can get one for free . Neo has lots of restrictions and misc charges so ignored . ICICI CC support is awesome tho 


Hdfc bank def if you plan to hold for 30-35 years . Their CC is crap 

From Hdfc pref , amc is free if you just do 1 trade in a year 

Btw you can open it directly online via NB , no need to visit branch 


For swing and intraday go for zerodha . Bank brokers eat too much profit 

For long term bank brokers are the best and safest 

If you dont have HN banking and have to pay for AMC go for ICICI 


Deal Lieutenant Deal Lieutenant
Link Copied
Expand
EkdamSastaRaju wrote:

I have both and I find ICICI to be a little polished , btw  not worth paying 840 bucks  per year on  Amc when you can get one for free . Neo has lots of restrictions and misc charges so ignored . ICICI CC support is awesome tho 


Hdfc bank def if you plan to hold for 30-35 years . Their CC is crap 

From Hdfc pref , amc is free if you just do 1 trade in a year 

Btw you can open it directly online via NB , no need to visit branch 


For swing and intraday go for zerodha . Bank brokers eat too much profit 

For long term bank brokers are the best and safest 

If you dont have HN banking and have to pay for AMC go for ICICI 


I have preferred, so I’d go for hdfc. Thanks. Happy new year.

Deal Subedar Deal Subedar
Link Copied
Expand
decideaim wrote:

I have preferred, so I’d go for hdfc. Thanks. Happy new year.

Happy new year to you too mate 

Deal Subedar Deal Subedar
Link Copied
decideaim wrote:

@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?

It varies rom branch to branch/ city to city.

Deal Subedar Deal Subedar
Link Copied
Expand
samm255 wrote:
I wouldn’t recommend to Neo banks to anyone though…..

Thank you.

replyuser
Click here to reply
Reply