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Eligibility Criteria for ICICI Emeralde Private Metal - Discussion
Exactly these two are what I also got. 2cr TRV or 3L net salary. Savings Account variant doesn't matter. (But with this relationship value, one will definitely have WM or wealth select).
Cumulative above 50L?
shu_sha
TF Ace
Thats why abhi milna bahut mushkil hai
Panthera_Tigris
TF Buzz
Can you DM me his number? I am looking for a new Private Banking RM as my current one is useless.
And I don't have the skills of @Dr.Anand456 to get RMs/ BMs fired 😆
Anand sir is of another league. People like us who doesn't have much negotiating skills have to struggle through many steps and many levels. 🙂
As Wealth Management customer, I spoke to the RM and she mentioned 50L+ ITR for Self Employed and 45L for Salaried individual.
After inquiring about the card, she now wants to set up a meeting. She said she would handle the approvals and seemed confident about getting the card approved easily.
After inquiring about the card, she now wants to set up a meeting. She said she would handle the approvals and seemed confident about getting the card approved easily.
shu_sha
TF Ace
Sab RM aise he bolte hai starting me bad me jab approval send karne ke time aata hai hath khade kar dete hai wo log 😂
For EPM - First approval is taken and then application is submitted. (The process is somewhat similar for all invite-only cards)
EPM approval has to be initiated by BM and sent for all approvals. It has to go through many levels - from banking, and cards - heads of different department. Basically everyone has to be OK with your profile and credit quality.
If everything goes well, and all approvals are in place, then BM will get back that you are ready for application. That's when we submit the application and it gets passed and we see the card reflected in the app within a few days time.
If you can access a BM directly that would be good, otherwise approach through RM.
RMs can push our case. Physical presence or meeting is not needed as long as we have a strong profile and our case is strong.
This kind of exclusivity happened because all of a sudden the card became lucrative.
Earlier long back when the card was launched and when the demand was not so high, the approval process was quite easy.
EPM approval has to be initiated by BM and sent for all approvals. It has to go through many levels - from banking, and cards - heads of different department. Basically everyone has to be OK with your profile and credit quality.
If everything goes well, and all approvals are in place, then BM will get back that you are ready for application. That's when we submit the application and it gets passed and we see the card reflected in the app within a few days time.
If you can access a BM directly that would be good, otherwise approach through RM.
RMs can push our case. Physical presence or meeting is not needed as long as we have a strong profile and our case is strong.
This kind of exclusivity happened because all of a sudden the card became lucrative.
Earlier long back when the card was launched and when the demand was not so high, the approval process was quite easy.
I was told same thing last year when I got it but salary credit is not necessarily ICICI Bank.
Nope, condition was waived
shu_sha
TF Ace
So what made them to initiate for your EPM process?
I assume you have recently opened the WM account if I am not wrong
Panthera_Tigris
TF Buzz
I am on very good terms with my BM. He always gives me 30 min TAT on every request and is very responsive.
However, the problem is that he doesn't know much about Private Banking products. So he has to coordinate with the Private Banking RM who is a useless tool. The sad part is I actually asked my RM about this card 2-3 weeks ago but he was being lazy and didn't apply and now there is a big rush for it.
I feel like pulling some strings from my investment banking days but it feels petty to do that for a credit card lol. If actual Private Banking customers can't get the premium credit card, then who does??? Those with a more pro-active RM?? That is not going to sit well with the management and I will be sure to let them know.
If anything, actual Private Banking clients should be auto-approved for this card subject to CIBIL check. @sai123 @PointsProfessors Do you guys mind sharing your stories as well?? What is your RM/ BM saying?
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paxauquabriba-4876
TF Premier
PPOP stands for Pre-Provisioning Operating Profit
PPOP=Net Interest Income (NII)+ Non-Interest Income−Operating Expenses
gpt said so
paxauquabriba-4876
TF Premier
shu_sha
TF Ace
Google se bhi pata chal jata hai dost 😉
My question was what exactly he put in for that PPOP investment stuff to get the EPM
Not yet. I visited some (2) branches last few days. I started the conversation saying that I need to open an account.
Started with 0 MAB Privilege but even though I hold a Sapphiro CC with 10L limit, they won't open it as 0 MAB, initial funding is needed. (1L for Privilege banking and 5L for WM).
About EPM, they can initiate only if I hold a savings account with them. That's what one BM told. savings account is the basic requirement (any variant).
There are 2-3 more branches near me where I have gone some times long back when I used to have a salary account.
I am looking to open WM directly but with a lesser IP of 2-4L maybe. I will be visiting them over the next few days to find out about WM eligibility and opening process. In March due to target pressure, they will agree for lesser IP. But I need to convince properly.
So basically it is savings account first and then EPM. I will also see if it can be done together. Anyway I will update soon.
Right my bad. Correcting. That makes 50kpm ppop a very large figure
Watching all Gold rush, I will visit ICICI bank tomorrow.
I already have ICICI account but didn't operate that , kind of ghosted from last 3 yrs & LTF Coral with 5.5 L Limit.
4.7L salary (3.6L Credit) in HDFC, ready to move to ICICI and deposit 20-30L if they are confident for the card.
Let's see how that goes 🥷
I already have ICICI account but didn't operate that , kind of ghosted from last 3 yrs & LTF Coral with 5.5 L Limit.
4.7L salary (3.6L Credit) in HDFC, ready to move to ICICI and deposit 20-30L if they are confident for the card.
Let's see how that goes 🥷
