question about downgrade and debit card of idfc

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Deal Cadet
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Dosto referral offer of idfc is over. If one downgrade from 25k mab to 10mab then will they cancel signature debit card and issue classic card? how to downgrade at home? and any charge for same?

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is downgrade available
then we can convert to zero balance account also
IDFC also offers zero balance account which can be opened only visiting branch

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nikhil9702 wrote:

is downgrade available
then we can convert to zero balance account also
IDFC also offers zero balance account which can be opened only visiting branch

same questions 22g. please tag idfc experts here

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I think downgrade is only possible if it is allowed by the branch & not all branches will allow it.

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guest_999 wrote:

I think downgrade is only possible if it is allowed by the branch & not all branches will allow it.

Why not, as far as I know any bank will let you downgrade the account.

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papa_kancha wrote:

Why not, as far as I know any bank will let you downgrade the account.

Earlier(not sure now) there were many cities in which there was no option to open 10k MAB account(metro cities & some tier-1 cities) while opening IDFC online acc so how could a person who opened 25k mab acc get it downgraded to 10k mab acc in those cities. I also recently read about a comment here where the user’s request to downgrade the acc was refused by branch manager.

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guest_999 wrote:

Earlier(not sure now) there were many cities in which there was no option to open 10k MAB account(metro cities & some tier-1 cities) while opening IDFC online acc so how could a person who opened 25k mab acc get it downgraded to 10k mab acc in those cities. I also recently read about a comment here where the user’s request to downgrade the acc was refused by branch manager.

Weird. If there is an a savings account with a lower MAB they should oblige your request.

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papa_kancha wrote:

Weird. If there is an a savings account with a lower MAB they should oblige your request.

This is the doubt I have about many branches especially in metro/tier-1 cities. Basically it means you can open the zero balance acc but only by visiting the branch so my guess is they won’t allow it at least completely online.

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guest_999 wrote:

This is the doubt I have about many branches especially in metro/tier-1 cities. Basically it means you can open the zero balance acc but only by visiting the branch so my guess is they won’t allow it at least completely online.

This may be true because the bank would want to up sell you to a higher MAB account.

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guest_999 wrote:

I think downgrade is only possible if it is allowed by the branch & not all branches will allow it.

So it mean that one have to visit branch due to this?cant done at home?
time to make idfc empty. hope making it zero balance and not using it(it will stay open as closure of acc needs branch visit too) will not affect cibil.

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kukdookoo wrote:

So it mean that one have to visit branch due to this?cant done at home?
time to make idfc empty. hope making it zero balance and not using it(it will stay open as closure of acc needs branch visit too) will not affect cibil.

Try calling their CC first, as it is they have very few branches..

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kukdookoo wrote:

So it mean that one have to visit branch due to this?cant done at home?
time to make idfc empty. hope making it zero balance and not using it(it will stay open as closure of acc needs branch visit too) will not affect cibil.

I said possibility not surely. Contact their customer care as suggested.

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papa_kancha wrote:

Try calling their CC first, as it is they have very few branches..

Savings Account with Classic Debit Card (w.e.f. 1st Sep, 2019)
Average Monthly Balance Requirement Rs. 10,000
Debit Card Type Visa Classic
Non Maintenance Charges of AMB
>= 7500 < 10000 – Rs 50 ;
>= 5000 < 7500 – Rs 250 ;
< 5000 – Rs 500

https://www.idfcfirstbank.com/personal-banking/...

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papa_kancha wrote:

Try calling their CC first, as it is they have very few branches..

they said to visit branch

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guest_999 wrote:

I said possibility not surely. Contact their customer care as suggested.

they said to visit branch

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kukdookoo wrote:

they said to visit branch

To downgrade account you will need to visit branch only. As far as I know most banks will require you to do this.

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@kukdookoo how you came to know that refral program is over in my account its still showing me refer now option

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pranavcool wrote:

@kukdookoo how you came to know that refral program is over in my account its still showing me refer now option

customer care said it is till 31st march when i call them to ask about pending voucher

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papa_kancha wrote:

To downgrade account you will need to visit branch only. As far as I know most banks will require you to do this.

account khulta hai ghar baithkar to downgrade ka liye branch kyu jaye koi

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kukdookoo wrote:

account khulta hai ghar baithkar to downgrade ka liye branch kyu jaye koi

Sahi pakde….this is the trend…
Account opening full Online…but for closure/changes Branch or send letter to them…😭

Call up the Branch and see if they accept change request over the email ?

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Sudarshan61 wrote:

Sahi pakde….this is the trend…
Account opening full Online…but for closure/changes Branch or send letter to them…😭

Call up the Branch and see if they accept change request over the email ?

Call up the Branch and see if they accept change request over the email ?
they don’t. they said as u have opened online so visit branch. i asked them about home service they said not available to accounts opened online.

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kukdookoo wrote:

account khulta hai ghar baithkar to downgrade ka liye branch kyu jaye koi

That is common with most banks.

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