Best salary account for th > 7L

[h2v]

Hi. Can someone please suggest a good wealth salary account with no MAB requirement? I used to use ICICI Wealth Select, and then SC Priority accounts, but both disappointed me in terms of the benefits offered. My main account is with Kotak, but I don't want it as my salary account.
Monthly take-home salary: 7.5-8.5L
Looking for: benefits, LTF good CC, other goodies

 

[vine]

Please take HDFC Bank and negotiate for Infinia LTF 'beforehand'.
After you take the account, no one will give a damn.
Better show your payslip and ask for Infinia Reserve LTF. Let us know how it goes.

 

[Desu Sarath]

Sirji, you can get anything you want with that salary

 

[h2v]

Please take HDFC Bank and negotiate for Infinia LTF 'beforehand'.
After you take the account, no one will give a damn.
Better show your payslip and ask for Infinia Reserve LTF. Let us know how it goes.

I did try but in vain. I sent a mail to HDFC stating my salary and requesting them to upgrade my Diners black to Infinia, but the response was a "no". My total CC spend is not that big - ~10L/year. Maybe that played spoilsport.
Also, apart from Infinia, I don't think HDFC has anything impressive.

 

[vine]

I did try but in vain. I sent a mail to HDFC stating my salary and requesting them to upgrade my Diners black to Infinia, but the response was a "no". My total CC spend is not that big - ~10L/year. Maybe that played spoilsport.
Also, apart from Infinia, I don't think HDFC has anything impressive.

10L per year should have been enough, probably try to negotiate with other branches? Just Don't buy any ULIP.
If Infinia doesn't excite you, I don't know what will.
Please make a list of exactly what you are looking for in a premium/wealth account.
Also make a list of which cards you have, and your major expenses.
Then You can search in the forum and look for what your think are most important to you
BTW, you can ask Axis Bank for Magnus for Burgundy, if you don't already have it.

 

[quino]

Monthly take-home salary: 7.5-8.5L

bruh, you can start your own cc/bank business with that.

im sure all of TF will apply to your bank's cc.

 

[h2v]

Sirji, you can get anything you want with that salary

Ha ha. I wish..
BTW, I don't want pesky RMs calling me all the time to open an endowment policy. The main accounts I use today are
1. Kotak Private (decently good in terms of investment recommendations)
2. AU Ivy (opened mainly for their epicure membership and the high interest rate)
3. ICICI (maintaining it only bcoz it's my oldest account. Maintaining only ULIPs and Term insurance with them. Very recently got downgraded from Wealth Select to Wealth 🙂 )

 

[Desu Sarath]

Every big/renowned organization has POC's from each bank. These POC's maintain a list of benefits based on the Salary range.

Better check with them.

 

[sourpai]

Please talk to Axis bank... They will most likely offer burgundy private based on Salary... I think they offer it above 7.5L monthly salary credit.

Burgundy private card is kickass and it is lifetime free till burgundy private status is maintained

 

[cardio_guy]

Hi. Can someone please suggest a good wealth salary account with no MAB requirement? I used to use ICICI Wealth Select, and then SC Priority accounts, but both disappointed me in terms of the benefits offered. My main account is with Kotak, but I don't want it as my salary account.
Monthly take-home salary: 7.5-8.5L
Looking for: benefits, LTF good CC, other goodies

We all are very lucky to have you in this group. In income terms, you should be among the top 5 people in this whole group. Congrats.
Majority of the people's yearly income is less than your 1 month take home.
By the way if you can share a small glimpse of how to get there, what industry you work in, and how long you have been working etc will help.
Are you earning in INR or other foreign currency? Also, how have you spread your investments? It would be great to read your writeup.

 

[h2v]

Please talk to Axis bank... They will most likely offer burgundy private based on Salary... I think they offer it above 7.5L monthly salary credit.

Burgundy private card is kickass and it is lifetime free till burgundy private status is maintained

But, is Axis good? Heard a lot of horror stories about Axis.

 

[cardio_guy]

Ha ha. I wish..
BTW, I don't want pesky RMs calling me all the time to open an endowment policy. The main accounts I use today are
1. Kotak Private (decently good in terms of investment recommendations)
2. AU Ivy (opened mainly for their epicure membership and the high interest rate)
3. ICICI (maintaining it only bcoz it's my oldest account. Maintaining only ULIPs and Term insurance with them. Very recently got downgraded from Wealth Select to Wealth 🙂 )

Go for DBS Treasures (top tier) and Vantage credit card. Service is amazing and card benefits are also awesome.

 

[sourpai]

But, is Axis good? Heard a lot of horror stories about Axis.

They have changed T&Cs more often than other banks and exclusion list has grown over time. But nothing to be terrified about it. Devaluation is part of life

I am personally quite happy with Magnus Burgundy and Atlas cards (both LTF). Nothing beats these cards when it comes to miles accumulation speed

 

[CyberPsych]

Majority of the people's yearly income is less than your 1 month take home.

Absolutely <filler> <filler>

 

[h2v]

We all are very lucky to have you in this group. In income terms, you should be among the top 5 people in this whole group. Congrats.
Majority of the people's yearly income is less than your 1 month take home.
By the way if you can share a small glimpse of how to get there, what industry you work in, and how long you have been working etc will help.
Are you earning in INR or other foreign currency? Also, how have you spread your investments? It would be great to read your writeup.

The mantra is hopping. 🙂 I work for the software industry. Some US MNCs do pay a lot. I earn in INR. If possible, try working from the US for at least a few years. Persons of the same level as me in the org working from the US earn >1.5M USD gross salary.
Regarding my investments, a big chunk is in the form of RSUs with US MNCs. The next biggest one is in MFs, followed by AIFs. A couple of ULIPs ( 🙁 ) and then EPF, PPF, NPS, etc.

 

[cardio_guy]

The mantra is hopping. 🙂 I work for the software industry. Some US MNCs do pay a lot. I earn in INR. If possible, try working from the US for at least a few years. Persons of the same level as me in the org working from the US earn >1.5M USD gross salary.
Regarding my investments, a big chunk is in the form of RSUs with US MNCs. The next biggest one is in MFs, followed by AIFs. A couple of ULIPs ( 🙁 ) and then EPF, PPF, NPS, etc.

Thanks sir. It's an eye opener. yes, Job change would have got me at least double than what I am earning now. I have been with the same org for more than 6 years now.

But full WFH due to COVID made me lazy. Sitting in a tier 3 village in Kerala and getting a few lakhs less is better than being in Bangalore and getting more. That was my conscious decision so I am not blaming anyone.

When I weighed the pros and cons of being with parents and family, I just opted for this. 2L in hand and zero expenses is good enough for me. I respect your decision though.

 

[h2v]

Thanks sir. It's an eye opener. yes, Job change would have got me at least double than what I am earning now. I have been with the same org for more than 6 years now.

But full WFH due to COVID made me lazy. Sitting in a tier 3 village in Kerala and getting a few lakhs less is better than being in Bangalore and getting more. That was my conscious decision so I am not blaming anyone.

When I weighed the pros and cons of being with parents and family, I just opted for this. 2L in hand and zero expenses is good enough for me. I respect your decision though.

This is all that matters. 👏

 

[Hell_Kitty]

Hi. Can someone please suggest a good wealth salary account with no MAB requirement? I used to use ICICI Wealth Select, and then SC Priority accounts, but both disappointed me in terms of the benefits offered. My main account is with Kotak, but I don't want it as my salary account.
Monthly take-home salary: 7.5-8.5L
Looking for: benefits, LTF good CC, other goodies

HNW/UHNW Banking is scam. Most banks give little above average when you goto HNW/UHNW Banking. In my opinion you should stay with ICICI WM if online services and UI are top priority. HDFC net banking is worst. IDFC is good but again no major benefits. Where do you work and what do you do sir for 7.5-8.5L take home 🙂. Enlighten us a little bit about your background 😉

 

[h2v]

HNW/UHNW Banking is scam. Most banks give little above average when you goto HNW/UHNW Banking. In my opinion you should stay with ICICI WM if online services and UI are top priority. HDFC net banking is worst. IDFC is good but again no major benefits. Where do you work and what do you do sir for 7.5-8.5L take home 🙂. Enlighten us a little bit about your background 😉

I work as a senior-level software engineer in a US MNC. I am not naming the company for privacy reasons, but it's HQ'ed at SFO, US. 🙂
To be frank, the cream of the software companies pays a lot these days. The gross salary for an entry-level engineer in India at these companies often exceeds half a cr.

 

[ankitfintech]

I work as a senior-level software engineer in a US MNC. I am not naming the company for privacy reasons, but it's HQ'ed at SFO, US. 🙂
To be frank, the cream of the software companies pays a lot these days. The gross salary for an entry-level engineer in India at these companies often exceeds half a cr.

The most important question is what's your work experience?
And US tech companies typically pay shares also.. So you get shares on top of this 7.5 lakh per month net in hand?