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0 AMB ICICI Account (Privilege Banking program)

So today I went to another ICICI Bank branch to open 0MAB account without initial funding. I starightaway showed my credit card and also the icici website eligibility page. So they couldn't tell much. I thought I won the game this time.

But this time they threw another googly at me. I can open the account without any initial funding, but I cannot open bank account alone. It's a 3-in-1 account and I need to pay 999 for demat charges + keep some balance in the account after it is opened.

It will be savings, demat, and trading account. Plain savings account is not there it seems.

I have already quit the efforts to open private and WM accounts. Now the only option left is salary account. Or hunt for some other branch which will open savings account alone without initial funding.
 
So today I went to another ICICI Bank branch to open 0MAB account without initial funding. I starightaway showed my credit card and also the icici website eligibility page. So they couldn't tell much. I thought I won the game this time.

But this time they threw another googly at me. I can open the account without any initial funding, but I cannot open bank account alone. It's a 3-in-1 account and I need to pay 999 for demat charges + keep some balance in the account after it is opened.

It will be savings, demat, and trading account. Plain savings account is not there it seems.

I have already quit the efforts to open private and WM accounts. Now the only option left is salary account. Or hunt for some other branch which will open savings account alone without initial funding.
Holi - Branch opened !! Am I reading correct?
 
So today I went to another ICICI Bank branch to open 0MAB account without initial funding. I starightaway showed my credit card and also the icici website eligibility page. So they couldn't tell much. I thought I won the game this time.

But this time they threw another googly at me. I can open the account without any initial funding, but I cannot open bank account alone. It's a 3-in-1 account and I need to pay 999 for demat charges + keep some balance in the account after it is opened.

It will be savings, demat, and trading account. Plain savings account is not there it seems.

I have already quit the efforts to open private and WM accounts. Now the only option left is salary account. Or hunt for some other branch which will open savings account alone without initial funding.
3 in 1 is a separate product line altogether.
Few years back it was worth, now not much.
 
That's why I like TF, got to know, so many things First time in life.
Bank Schedule and Offs normally consider local festival and other things, but Holi thing is never heard.

Even during my interacting today, I appreciated few bank people for the work they are doing today on Off Day.
🎉 Thank you 👍
Good. There are such hardworking and sincere people in every place. I've seen it in many banks. Only thing is today is a working day here.
 
So today I went to another ICICI Bank branch to open 0MAB account without initial funding. I starightaway showed my credit card and also the icici website eligibility page. So they couldn't tell much. I thought I won the game this time.

But this time they threw another googly at me. I can open the account without any initial funding, but I cannot open bank account alone. It's a 3-in-1 account and I need to pay 999 for demat charges + keep some balance in the account after it is opened.

It will be savings, demat, and trading account. Plain savings account is not there it seems.

I have already quit the efforts to open private and WM accounts. Now the only option left is salary account. Or hunt for some other branch which will open savings account alone without initial funding.
Omg, thats too bad.

Why not write an email to Customer care and then to PNO desk. It may take a while but you will get what you want at the end of the day.
Worst case involve RBI and watch them running behind you to meet you at your home to open the account.
 
One more experience, one more post.
Today I went to another branch to understand and open an account.
This is the 7th or 8th branch that I am visiting to open ICICI account. With this, I complete all branches in this district.

The common thing that all branches have told me is that ICICI has recently changed their strategy and focus.
They are only looking for premium and affluent customers. They discourage 0 balance, ghost and junk accounts.
Because of that, the family 360, 3-in-1 or whatever account we open, it needs to be with initial funding.
Some branches say 1L, some 1.5L and some 50k.
Whatever be the case, initial funding is one thing that all branches asked in common.
Even with credit card of 4L+ limit, they told IF. is required.
(We can withdraw it immediately after account opening, thereafter it will be 0MAB) but in their new process, they have to show the IF amount in the online application form.

Yes, we can go to RBI and force them to open basic savings account, but for someone who want to open a higher variant account, IF is needed.
 
Because of that, the family 360, 3-in-1 or whatever account we open, it needs to be with initial funding.
Some branches say 1L, some 1.5L and some 50k.
Whatever be the case, initial funding is one thing that all branches asked in common.
Even with credit card of 4L+ limit, they told IF. is required.
(We can withdraw it immediately after account opening, thereafter it will be 0MAB) but in their new process, they have to show the IF amount in the online application form.

Yes, we can go to RBI and force them to open basic savings account, but for someone who want to open a higher variant account, IF is needed.
Thanks for your efforts!
Do they not have like personal savings accounts? For example Family 360 does not sound like a personal/individual account.
Once you do the IF, and then withdraw the entire amount, does it stay 0MAB for LT?
 
Thanks for your efforts!
Do they not have like personal savings accounts? For example Family 360 does not sound like a personal/individual account.
Once you do the IF, and then withdraw the entire amount, does it stay 0MAB for LT?
Yes they do have personal individual savings account. Only if you want and only if you wish you can link other family members accounts to primary holders account and make it F360. It's not mandatory.
It's just an add-on to personal account.
Yes after withdrawing the IF it remains 0mab for lifetime. It's needed only to open the account.
 
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