Query regarding Icici wealth management account

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Deal Subedar
batmanBABA

Does this account requires zero MaB after 10 lakh initial deposit…?

Is maintaining ulips, fd, rd etc cumplulsory in this account

Is there chance of degradation if we don’t maintain high balance in account for long period…

Do we get pre approved offers for credit card in it easily…


Are there similar accounts in axis, indusind and hdfc… With hight initial deposit… Then zero mab… 

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Indusind pioneer – intial funding is 10L i think.. Then no charges for non maintenance of MAB..

Axis Burgundy – intial 5L.. Basically non maintenance is waived only for 2 quarters.. Then u will be charged + downgraded to a savings account

Hdfc – has 3 categories – classic (2 L), preferred – 5L, imperia – 10L.. Non maintenance waived for 2 quarters but double check

Kotak – privy league optima 10L, prima 2 L(not sure),.. Non maintenance is waived off but not sure how long..

All the above 4 banks allows to have only savings account with the mentioned  balance.. Need not force for other components like FD, investments, insurance or loans….

As and when you are downgraded, ensure u close the debit card and ask for equivalent debit card for the downgraded variant else heavy charges willl be ther

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desiredreams wrote:

Indusind pioneer – intial funding is 10L i think.. Then no charges for non maintenance of MAB..

Axis Burgundy – intial 5L.. Basically non maintenance is waived only for 2 quarters.. Then u will be charged + downgraded to a savings account

Hdfc – has 3 categories – classic (2 L), preferred – 5L, imperia – 10L.. Non maintenance waived for 2 quarters but double check

Kotak – privy league optima 10L, prima 2 L(not sure),.. Non maintenance is waived off but not sure how long..

All the above 4 banks allows to have only savings account with the mentioned  balance.. Need not force for other components like FD, investments, insurance or loans….

As and when you are downgraded, ensure u close the debit card and ask for equivalent debit card for the downgraded variant else heavy charges willl be ther

Then I guess better to go to rural branch of icici and axis and open 2500 mab account…. Just see the downgrade…. From ultra preium to basic low…. stuck_out_tongue_closed_eyes
Already having hdfc farmers account of 2500 mab

Icici has bsdba farmers account… No use and axis needs land documents for farmers account….. Who will give that

Deal Cadet Deal Cadet
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batmanBABA wrote:

Then I guess better to go to rural branch of icici and axis and open 2500 mab account…. Just see the downgrade…. From ultra preium to basic low…. stuck_out_tongue_closed_eyes
Already having hdfc farmers account of 2500 mab

Icici has bsdba farmers account… No use and axis needs land documents for farmers account….. Who will give that

So basically u wanted to do wealth management for your 2500 rupees..

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desiredreams wrote:

So basically u wanted to do wealth management for your 2500 rupees..

Yes…. I know people… Who are using that account for 0 mab…. From 8 years…. No ulip no fd nothing… They do normal transactions of upto 50000 per month….

Mine transactions are similar…. I haven’t heard of anyone getting degradation from wealth management….. On youtube or forums… Etc…

Deal Cadet Deal Cadet
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batmanBABA wrote:

Yes…. I know people… Who are using that account for 0 mab…. From 8 years…. No ulip no fd nothing… They do normal transactions of upto 50000 per month….

Mine transactions are similar…. I haven’t heard of anyone getting degradation from wealth management….. On youtube or forums… Etc…

Yea.. Even i heard.. But dunno how. I got downgraded from axis when i did not maintain.. So i jus guided with my experience

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desiredreams wrote:

Yea.. Even i heard.. But dunno how. I got downgraded from axis when i did not maintain.. So i jus guided with my experience

Axis and hdfc will downgrade.. Especially axis….. They are purely money minded bank…..

Deal Cadet Deal Cadet
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batmanBABA wrote:

Axis and hdfc will downgrade.. Especially axis….. They are purely money minded bank…..

Now a days all relationship manager gets ur details if u become a new wealth management customer and if u dont show interest for investments they do necessary things to downgrade ur accountt when you don’t maintain required TRV..

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