Regarding MAB decrease trick in Axis and Icici bank

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Deal Subedar
batmanBABA

Youtube is full of videos to avoid maintenance of 10000 mab… By transferring your account online from urban to rural branch in your city…. Anybody has done that…. And was Mab decreased to 2500…automatically or on any request to branch or customer care….?? 


I Am specific about icici and axis…. As I dont see any option of account transfer in hdfc net banking…. 


You can know the status of  any  branch of any bank in any city of India from this website…. 

https://dbie.rbi.org.in/DBIE/MOFSelectPar...sp

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Deal Newbie Deal Newbie
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Reduce your ICICI MAB to zero by opening a Wealth Management account with an initial 10L cheque.

Deal Lieutenant Deal Lieutenant
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You can know the status of any branch of any bank in any city of India from this website….

what status it tells paji?

Deal Subedar Deal Subedar
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Spiderguy252 wrote:

Reduce your ICICI MAB to zero by opening a Wealth Management account with an initial 10L cheque.

Bhai waiting for 15 Lakh from mr narendra modi for this account… 😁

Deal Lieutenant Deal Lieutenant
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@batmanBABA; did u tried this in ICICI , ?  


i read comments ppl saying its not working now , even if it is moved to rural branch they will deduct penalty charges 😝

so kindly confirm  bcoz sidha 700rs cut honge agar 10k se niche gya balance to

anyone confirm plz ///

Deal Subedar Deal Subedar
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hackerboys wrote:

@batmanBABA; did u tried this in ICICI , ?  


i read comments ppl saying its not working now , even if it is moved to rural branch they will deduct penalty charges 😝

so kindly confirm  bcoz sidha 700rs cut honge agar 10k se niche gya balance to

anyone confirm plz ///

I haven’t done…. I am thinking of opening account…. In icici… I had previous account… Closed… This time I have to do offline process…. So if this branch change dosent works… I will directly go the rural branch to open accoun…. MAB is less so branch will do tantrums… As I have address of city in documents… Although its rule that you can open in any branch of city… I don’t think without complain on icici social media or idea they will easily open account . Or else… I will open in city branch and then transfer after a week or two…. It is easy to open account in urban branch….

Critic Critic
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No MAB for Salary acct 

Deal Subedar Deal Subedar
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panchabhut wrote:

No MAB for Salary acct 

Yes but in hdfc, axis and icici… You need company tieup…. You can’t individually open.. Unlike idfc bank and jupiter pro salary account… You can fake the salary deposit … In jupiter only one time salary deposit required…. In idfc once in 2 month…..you can do imps or neft from someone else account… 

Critic Critic
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batmanBABA wrote:

Yes but in hdfc, axis and icici… You need company tieup…. You can’t individually open.. Unlike idfc bank and jupiter pro salary account… You can fake the salary deposit … In jupiter only one time salary deposit required…. In idfc once in 2 month…..you can do imps or neft from someone else account… 

I am having ICICI salary Acct for the last 23 years. Without any Company tieup. They only need minimum one NEFT credit per month from Company acct. 

Deal Subedar Deal Subedar
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panchabhut wrote:

I am having ICICI salary Acct for the last 23 years. Without any Company tieup.

Now they are not giving…. I tried…. 

Deal Cadet Deal Cadet
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panchabhut wrote:

I am having ICICI salary Acct for the last 23 years. Without any Company tieup. They only need minimum one NEFT credit per month from Company acct. 

what is amount is transferred using neft from personal account to icici ? Would it still remain salary account?

Deal Cadet Deal Cadet
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Spiderguy252 wrote:

Reduce your ICICI MAB to zero by opening a Wealth Management account with an initial 10L cheque.

Any other formalities ?

Deal Newbie Deal Newbie
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kkrulesdnation wrote:

Any other formalities ?

None. Probably increase your chances if the RM is desperate – he will then reduce the amount to 5L.

Deal Cadet Deal Cadet
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Spiderguy252 wrote:

None. Probably increase your chances if the RM is desperate – he will then reduce the amount to 5L.

I am already holding account with them
Will they convert ?

What are benefits of Wealth account as compared to Gold account?

Deal Subedar Deal Subedar
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kkrulesdnation wrote:

I am already holding account with them
Will they convert ?

What are benefits of Wealth account as compared to Gold account?

Daily u will get calls for ulip, mutual funds… X y z investments….. From rm… Or personal investment advisors

Deal Newbie Deal Newbie
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kkrulesdnation wrote:

I am already holding account with them
Will they convert ?

What are benefits of Wealth account as compared to Gold account?

Wealth Account has no MAB, you get a free CIBIL report every month, everything on the site and app become black. You get a debit card with lounge access.

They won’t convert an existing account unless it has a 25L MAB.

Deal Subedar Deal Subedar
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Spiderguy252 wrote:

Wealth Account has no MAB, you get a free CIBIL report every month, everything on the site and app become black. You get a debit card with lounge access.

They won’t convert an existing account unless it has a 25L MAB.

Are there any such accounts in axis, hdfc, sbi…. Where just give high amount check….and keep mab zero….?? Will they cancel or degrade account.. If we dont do enough transaction…..or dont invest much… 

Deal Cadet Deal Cadet
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batmanBABA wrote:

Daily u will get calls for ulip, mutual funds… X y z investments….. From rm… Or personal investment advisors

Omg
Then i wont get into this
Gold account is fine

Deal Cadet Deal Cadet
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Spiderguy252 wrote:

Wealth Account has no MAB, you get a free CIBIL report every month, everything on the site and app become black. You get a debit card with lounge access.

They won’t convert an existing account unless it has a 25L MAB.

Oh fish
Will avoid it then bro
Gold account is decent.

Deal Subedar Deal Subedar
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kkrulesdnation wrote:

Omg
Then i wont get into this
Gold account is fine

Wealth account.. Means… You have lot of money…. So obviously you will get calls from bank to invest in different bank schemes…. In this you get a personal investment advisor… And all of them have monthly targets…. They will obviously call you tor investment

Deal Cadet Deal Cadet
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batmanBABA wrote:

Wealth account.. Means… You have lot of money…. So obviously you will get calls from bank to invest in different bank schemes…. In this you get a personal investment advisor… And all of them have monthly targets…. They will obviously call you tor investment

I dont have that much money to invest etc

I thought its one time cheque deposit and then will divert funds back to source.

Deal Subedar Deal Subedar
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you can do….just put the personal investment advisor number in block list…..for anything call…dedicated cs support number….

Deal Newbie Deal Newbie
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did someone tried transferring their axis bank account to some rural branch from city…

does mab reduced to 2500…

i am thinking of opening axis bank account but i don’t like axis bank services so i don’t want to maintain any high balance.. so i am thinking i will open account in my city and then i will change branch to rural branch by myself online…

will it work ?

Gujarat Titans Gujarat Titans
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mab doesnt seem to me like an issue …even if u opt for basic savings account limits and restricfions are there …10k mab is like u need to keep 3 lacs for a day thats it 

Trailblazer Trailblazer
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I opened ICICI zero Bal account with 1 lac initial deposit 5 years back

Critic Critic
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batmanBABA wrote:

Are there any such accounts in axis, hdfc, sbi…. Where just give high amount check….and keep mab zero….?? Will they cancel or degrade account.. If we dont do enough transaction…..or dont invest much… 

No such acc in hdfc & axis at least officially(unofficially some say hdfc allow zero balance for some old accts opened via this way). SBI currently has zero MAB for all accounts.

https://sbi.co.in/web/personal-banking/informat...

Penalty for non-maintenance of Average Monthly Balance in Savings Bank Accounts has been waived off w.e.f 11.03.2020.



    Deal Cadet Deal Cadet
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    kkrulesdnation wrote:

    Omg
    Then i wont get into this
    Gold account is fine

    whats the MAB required for gold Account?

    Deal Cadet Deal Cadet
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    chotabaxxa800 wrote:

    whats the MAB required for gold Account?

    50k individual
    Waived off if you keep 2.5 lacs FD

    If you take under family banking then 1 lac combined balance in savings account.

    Deal Cadet Deal Cadet
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    kkrulesdnation wrote:

    50k individual
    Waived off if you keep 2.5 lacs FD

    If you take under family banking then 1 lac combined balance in savings account.

    any benefits you find worthy in this variant ?

    Deal Cadet Deal Cadet
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    chotabaxxa800 wrote:

    any benefits you find worthy in this variant ?

    If you want to use as main account for transactions then its beneficial, otherwise not.

    No charges levied for DC, IMPS, SMS etc

    replyuser
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