HNI Banking Thread 2024

[theboogeyman]

Lets discuss on HNI Banking options and after recent rounds of deval which one is still better.
My net is coming around 2.6-2.75L Pm . I am looking for a HNI Banking program to shift my salary to.

 

[theboogeyman]

After a 1-2 months of opening the HSBC EBS account, I would say I am not very disappointed with their system.
Overall experience have been good. That's very good if we look from a customer perspective.
Since they have a few products and less account variants, we don't feel lost.

Pros: Customer care is helpful. They know things.
Cons: Waiting time to get customer care on phone is too high. (atleast 10 mins)
Process is overall slow. Cashbacks, joining benefits, milestone rewards, etc take 2 months time to arrive.

Mobile app: they have 2 apps - HSBC Mobile Banking and HSBC Simply Pay UPI.
Both apps are Okayish, but sometimes loads slow, sometimes doesn't respond well.

They say there are some offers for HSBC debit and credit cards on various platforms, haven't tried exploring all of that.

Apart from basic banking and a little bit of joining benefits through thriwe, there are not much exciting things here.

I felt if you want to do international banking, HSBC can be a choice. If you get Premier account variant, then you can explore some more of their offerings.

Ya am also waiting so that my salary can cross a certain mark to get premier banking. Without premier hsbc didn't make sense.


I have axis burgundy, looking at induslnd pioneer account. You get heritage metal card with it. Which seems pretty good compared to hsbc premier cc

 

[imdjay]

You get heritage metal card with it

LTF ? ?

 

[Vinay13]

whats good about heritage cc? Reward rate is shit

 

[theboogeyman]

whats good about heritage cc? Reward rate is shit

ya but atleast u get somethting, in axis burgundy am getting zilch. Its a HNI Card, so most of the things i need apart from RR is there , like 0 forex, no cash withdrawal charge, decent rr for intl spends. lounge unlim,

Mainly for intl spends , as 0 forex and 2.5 Points per 100 so 2.5% rr , and u can get statement or conver to airmiles

 

[Vinay13]

ya but atleast u get somethting, in axis burgundy am getting zilch. Its a HNI Card, so most of the things i need apart from RR is there , like 0 forex, no cash withdrawal charge, decent rr for intl spends. lounge unlim,

Mainly for intl spends , as 0 forex and 2.5 Points per 100 so 2.5% rr , and u can get statement or conver to airmiles

RR is not 2.5% for international, forex markup of 1.8% +GST so it will be ~0.5% only. Debit card has zero markup and has 0.5% RR.
I only suggested you Pioneer for its LIfestyle benefits /DC but Indusind CC are junk.

 

[Pissant]

You don’t get Heritage Metal CC with IndusInd Pioneer account. I am still stuck with Pinaccle while being on Pioneer.

 

[Vinay13]

You don’t get Heritage Metal CC with IndusInd Pioneer account. I am still stuck with Pinaccle while being on Pioneer.

I think you will get it but not LTF. And it definitely not worth the fees.

 

[theboogeyman]

You don’t get Heritage Metal CC with IndusInd Pioneer account. I am still stuck with Pinaccle while being on Pioneer.

no i asked the Induslnd Pioneer Branch in BLR, they said i will get Heritage FYF , only Annual fees if i open

 

[cardio_guycardio_guy is verified member.]

Looking back at this thread, sorting the banking programs discussed here.

Very large banks, stable products, lot of branches and ATMs, overall good:

• HDFC Imperia
• ICICI Wealth Management
• Axis Burgundy

Mid-sized banks, products prone to changes, lesser branches and ATMs:

• Indusind Pioneer
• IDFC First Wealth
• Yes Grandeur
• Kotak Privy

International banks, less branches and ATMs, less products and market share:

• DBS Treasures
• Duetsche Private
• HSBC Premier
• SCB Priority

 

[TheTrickySid]

• HDFC infinia

I hope u ment Imperia or Infiniti

 

[cardio_guycardio_guy is verified member.]

I hope u ment Imperia or Infiniti

Thanks, I've updated to Imperia. Sorry but I just copied from this thread. Someone had mentioned it as Infinia 🙂
Infiniti can also be a candidate.

 

[NikTravelEnthusiast]

Looking back at this thread, sorting the banking programs discussed here.

Very large banks, stable products, lot of branches and ATMs, overall good:

• HDFC Imperia
• ICICI Wealth Management
• Axis Burgundy

Mid-sized banks, products prone to changes, lesser branches and ATMs:

• Indusind Pioneer
• IDFC First Wealth
• Yes Grandeur
• Kotak Privy

International banks, less branches and ATMs, less products and market share:

• DBS Treasures
• Duetsche Private
• HSBC Premier
• SCB Priority

Good compilation. Summarizes everything.