Any benefits with IND Money SBM Private Wealth account?

[ChurningNoob]

My account got open in SBM via INDMoney and I received Private Wealth, the name sounds fancy. So checking to see if there are any real benefits of it?

 

[iamvk]

Same here. Wanting to close it as I'm not at all using it.

 

[ashwinkashwink is verified member.]

My account got open in SBM via INDMoney and I received Private Wealth, the name sounds fancy. So checking to see if there are any real benefits of it?

It's just a name sake wealth account not exactly original wealth management account provided sbm bank. IND MONEY Sbm bank account only used in order to tranasct with US Stocks purpose only neither or nor any special benefits not applicable with this account.

For more details go through this t&c's page

INDMoney - SuperMoneyApp to Track, Save and Grow Your Money

www.indmoney.com

 

[iamvk]

It's just a name sake wealth account not exactly original wealth management account provided sbm bank. IND MONEY Sbm bank account only used in order to tranasct with US Stocks purpose only neither or nor any special benefits not applicable with this account.

For more details go through this t&c's page

INDMoney - SuperMoneyApp to Track, Save and Grow Your Money

www.indmoney.com

Thank you. Looks like it is better to close it off.

 

[akshayhs]

My account got open in SBM via INDMoney and I received Private Wealth, the name sounds fancy. So checking to see if there are any real benefits of it?

No real benefits. Anyone who signs up for a US stocks account through them get it for free. So technically I also have it.

 

[Sreekant]

Same here. Wanting to close it as I'm not at all using it.

Hi Buddy, did you try to close this SBM account created via INDMOney .
I tried and INDMoney is asking for pan card and aadhar to close it.So checking to confirm if that's a standard process.

 

[iamvk]

Hi Buddy, did you try to close this SBM account created via INDMOney .
I tried and INDMoney is asking for pan card and aadhar to close it.So checking to confirm if that's a standard process.

I haven't closed it yet. But yes, it is a standard process for banks to ask KYC to close savings accounts