MAQ FOR FIRST Wealth Premium Banking Program.

[sidmanraj]

Say I deposit 10L while account opening.
After that I don't maintain 25K balance, what are the charges?
Is it lifetime zero balance account?

 

[theflash]

Say I deposit 10L while account opening.
After that I don't maintain 25K balance, what are the charges?
Is it lifetime zero balance account?

Whats MAQ 🤣

Jokes apart I have Wealth Accts maintaining ~50k-1L pm no issues faced so far upgrade was completed in June'24.

Not sure if it depends on RM/Branch.

P.S : You need to maintain 10/25k as per your account variant.

 

[sidmanraj]

Whats MAQ 🤣

Jokes apart I have Wealth Accts maintaining ~50k-1L pm no issues faced so far upgrade was completed in June'24.

Not sure if it depends on RM/Branch.

P.S : You need to maintain 10/25k as per your account variant.

Minimum Average Quarterly Balance. RM said Wealth is zero balance account

 

[theflash]

RM said Wealth is zero balance account

That's false.

What ik is It's either QAB or MAB.

Anyways there only one 0 MAB acct that's Future First account if you get wealth on that it's 0 MAB upto a certain age.

 

[Slayer]

Minimum Average Quarterly Balance. RM said Wealth is zero balance account

What he implied is that it's 0 balance after upgradation. Previously even being part of select my account was showing 25k MAB but now since last month it's not showing that - maybe in the backend they've tagged all HNI accounts separately and not part of 10k/25k AMB

 

[theflash]

What he implied is that it's 0 balance after upgradation. Previously even being part of select my account was showing 25k MAB but now since last month it's not showing that - maybe in the backend they've tagged all HNI accounts separately and not part of 10k/25k AMB

For me it's still showing

Savings Regular 10K : Acct Number and then Wealth logo .

 

[sidmanraj]

What he implied is that it's 0 balance after upgradation. Previously even being part of select my account was showing 25k MAB but now since last month it's not showing that - maybe in the backend they've tagged all HNI accounts separately and not part of 10k/25k AMB

this is the email I got - """ We are delighted to have you as a part of our FIRST Wealth Premium Banking Program. ""
this is the fresh account i opened today with 10L IP.
i have no previous relationship with idfc.
is this zero balance or 25k AMB account?

 

[theflash]

this is the email I got - """ We are delighted to have you as a part of our FIRST Wealth Premium Banking Program. ""
this is the fresh account i opened today with 10L IP.
i have no previous relationship with idfc.
is this zero balance or 25k AMB account?

Check app what's being shown?