0 AMB ICICI Account (Privilege Banking program)

[shivamk]

What's the criteria for wealth now based on CL

Discontinued

 

[chadsterpiece]

the eligibility criteria for these accounts can be Modified by bank anytime without any prior Notice
so, Make sure before moving ahead
If u really want to shift then ICICI is one of the good options u have currently

Are you saying they could get rid of 0 AMB for 4L/+ limit users in the future? That could leave a bad taste.

You said 6L for wealth is discontinued. So the people who availed the service back when it was in place no longer have the benefits or they continue to do so and they stopped newly onboarding members?

 

[chadsterpiece]

What's the criteria for wealth now based on CL

Last I checked it was 25L TRV

 

[chadsterpiece]

I got zero AMB account when I applied for apay icici credit card they gave 1.4 lakh limit and privilege banking

This was when?

 

[Fini7777]

Are you saying they could get rid of 0 AMB for 4L/+ limit users in the future? That could leave a bad taste.

yes, there's a chance

You said 6L for wealth is discontinued. So the people who availed the service back when it was in place no longer have the benefits or they continue to do so and they stopped newly onboarding members?

A few members recently mentioned that ICICI removed the credit card criteria for its wealth accounts. Although ICICI won't downgrade wealth accounts quickly like other banks, users who no longer meet the TRV requirements may have their accounts downgraded at any time, especially after the removal of the CC criteria.

Note:

• If a bank runs a campaign or runs a limited period offer on 0 MAB based on IP and you avail of that offer during the promotional period, your account will remain 0 MAB for life.

Example: IndusInd Partner, IndusInd Exclusive, etc. - Lifetime 0 MAB Accounts

• If a bank sets certain eligibility criteria for offering 0 MAB, this benefit is not permanent. If the bank updates the eligibility criteria, your account status will also be updated accordingly. This is why it's important to stay informed about the latest terms and conditions.

Example: ICICI Family 360 Banking, IndusInd Exclusive/Select, IDFC Select for some customers) - Eligibility Criteria-Linked 0 MAB Accounts

Simple advice: If you want to open this account, open it and use it until their terms are updated. 🙂

 

[Bodhi]

yes, there's a chance

A few members recently mentioned that ICICI removed the credit card criteria for its wealth accounts. Although ICICI won't downgrade wealth accounts quickly like other banks, users who no longer meet the TRV requirements may have their accounts downgraded at any time, especially after the removal of the CC criteria.

Note:

• If a bank runs a campaign or runs a limited period offer on 0 MAB based on IP and you avail of that offer during the promotional period, your account will remain 0 MAB for life.

Example: IndusInd Partner, IndusInd Exclusive, etc. - Lifetime 0 MAB Accounts

• If a bank sets certain eligibility criteria for offering 0 MAB, this benefit is not permanent. If the bank updates the eligibility criteria, your account status will also be updated accordingly. This is why it's important to stay informed about the latest terms and conditions.

Example: ICICI Family 360 Banking, IndusInd Exclusive/Select, IDFC Select for some customers) - Eligibility Criteria-Linked 0 MAB Accounts

Simple advice: If you want to open this account, open it and use it until their terms are updated. 🙂

Very well put forth! @Fini7777

 

[noone55]

This was when?

A month ago

 

[chadsterpiece]

yes, there's a chance

A few members recently mentioned that ICICI removed the credit card criteria for its wealth accounts. Although ICICI won't downgrade wealth accounts quickly like other banks, users who no longer meet the TRV requirements may have their accounts downgraded at any time, especially after the removal of the CC criteria.

Note:

• If a bank runs a campaign or runs a limited period offer on 0 MAB based on IP and you avail of that offer during the promotional period, your account will remain 0 MAB for life.

Example: IndusInd Partner, IndusInd Exclusive, etc. - Lifetime 0 MAB Accounts

• If a bank sets certain eligibility criteria for offering 0 MAB, this benefit is not permanent. If the bank updates the eligibility criteria, your account status will also be updated accordingly. This is why it's important to stay informed about the latest terms and conditions.

Example: ICICI Family 360 Banking, IndusInd Exclusive/Select, IDFC Select for some customers) - Eligibility Criteria-Linked 0 MAB Accounts

Simple advice: If you want to open this account, open it and use it until their terms are updated. 🙂

Thanks a TON for this. I wanted to open accounts for my family members too despite them having accounts elsewhere.

This devaluation could make things worse if I had to close accounts for all of them at a later stage.

I’ll keep mine running for now. While also being in the know of the terms, if they update whenever.

 

[gauti04]

Can anyone tell here how to find out if account has been converted to family 360 or not ??

How to find out if the new debit card is titanium family debit card ?

How can I see account details of family members added under family 360 ?

I went over all comments but couldn’t conclude much !!

 

[Ekavya]

Can anyone tell here how to find out if account has been converted to family 360 or not ??

How to find out if the new debit card is titanium family debit card ?

How can I see account details of family members added under family 360 ?

I went over all comments but couldn’t conclude much !!

Following this question

 

[Ekavya]

App finally got updated and color changed to orange.

Showing "Wealth Banking" under me section

When account was opened RM selected Privilege Banking. There was option for wealth banking but she said need 5L IF for wealth banking. I could have given that but wasn't sure about account being zero balance. For privilege banking CL of 4L is mentioned but I haven't seen any such defined criteria for wealth banking. RM wasn't sure either what is the criteria for zero balance in wealth banking. Wondering how and when it got upgraded to wealth banking and what is the criteria for zero AMB.

Hello! I opened Online ICICI savings account from iMobile. While Opening I saw that no initial funding required. Then I saw that " You are elligibloe for Family 360 account". Then I opened the savings account. I wasn't asked to fund it. I hope that it's 0 MAB account (Still not confirmed). But I hoped that they would provide me with Titanium Debit card. But I can see I got Visa Platinum Debit Card. Can you please tell me how can I confirm if my account is Family 360 and my Debit card is LTF or not?

 

[Ekavya]

I got zero AMB account when I applied for apay icici credit card they gave 1.4 lakh limit and privilege banking

Did you get Debit card? Was it Titanium Debit card?

 

[wiseinvestor]

I have 5.6L limit, but it is my salary account. So already 0 MAB , do I have to do anything?

 

[brightknight]

Hello! I opened Online ICICI savings account from iMobile. While Opening I saw that no initial funding required. Then I saw that " You are elligibloe for Family 360 account". Then I opened the savings account. I wasn't asked to fund it. I hope that it's 0 MAB account (Still not confirmed). But I hoped that they would provide me with Titanium Debit card. But I can see I got Visa Platinum Debit Card. Can you please tell me how can I confirm if my account is Family 360 and my Debit card is LTF or not?

Titanium debit card is given to family 360 account holder if they have another family account also linked. That's what i have been told.

 

[Ekavya]

Titanium debit card is given to family 360 account holder if they have another family account also linked. That's what i have been told.

Oh! I have only a single account. So I am not eligible! Is there any Debit Card that is free under Family 360? (0MAB account?)

 

[noone55]

Did you get Debit card? Was it Titanium Debit card?

Yes it was titanium visa

 

[noone55]

Hello! I opened Online ICICI savings account from iMobile. While Opening I saw that no initial funding required. Then I saw that " You are elligibloe for Family 360 account". Then I opened the savings account. I wasn't asked to fund it. I hope that it's 0 MAB account (Still not confirmed). But I hoped that they would provide me with Titanium Debit card. But I can see I got Visa Platinum Debit Card. Can you please tell me how can I confirm if my account is Family 360 and my Debit card is LTF or not?

You can check in Imobile app if it is zero mab account or not

 

[sjmajumder]

Hello! I opened Online ICICI savings account from iMobile. While Opening I saw that no initial funding required. Then I saw that " You are elligibloe for Family 360 account". Then I opened the savings account. I wasn't asked to fund it. I hope that it's 0 MAB account (Still not confirmed). But I hoped that they would provide me with Titanium Debit card. But I can see I got Visa Platinum Debit Card. Can you please tell me how can I confirm if my account is Family 360 and my Debit card is LTF or not?

As per my knowledge Family 360 can't be opened online. You have to reach out to your RM or visit branch. If you have privilege banking or wealth management then RM/branch will easily open family 360 for you. Privilege/Wealth Management can be checked on app in the me section.

Best way to know your account status and DC charges is to call up customer care. MAB requirement is not shown on app/net banking for many, especially after converting to Family 360.

 

[Ekavya]

As per my knowledge Family 360 can't be opened online. You have to reach out to your RM or visit branch. If you have privilege banking or wealth management then RM/branch will easily open family 360 for you. Privilege/Wealth Management can be checked on app in the me section.

Best way to know your account status and DC charges is to call up customer care. MAB requirement is not shown on app/net banking for many, especially after converting to Family 360.

I also knew that. But I opened an online ICICI savings account and I got this confirmation email. I think it's sure that they have opened a Family 360 account.

 

[sjmajumder]

I also knew that. But I opened an online ICICI savings account and I got this confirmation email. I think it's sure that they have opened a Family 360 account.

This is quite contrary to what my BM told me when I opened mine in July. He said that at least 2 (and max 10) accounts needs to be linked for creating family 360. So, I had to open an account for my wife first and then family 360 was activated by linking the 2 accounts.