Can I open a Online ICICI savings account and convert it into Privilage Banking Program?

[Ekavya]

My ICICI CC limit is 4.6L. So I am elligible for Privilage Banking Program. My Net banking banner also showing the Privilage banking logo. So can I just open a Savings account online (I am lazy to go to Branch) upgrade it into Privilage banking program?

 

[neo.puneet]

I got account directly with icici amazon pay credit card when I applied and as per new rbi norms any cashback to be credited to banking account hence I got free saving account with 0 balance and got debit card and cheque book and also got credit card offers and other offers for self employed category

yeah explain a bit and how you opened the bank account (online or branch)

 

[Dazzwilliams]

I got account directly with icici amazon pay credit card when I applied and as per new rbi norms any cashback to be credited to banking account

When did this happen

 

[bing1309]

Can you explain a little bit more? Amazon ICICI reward points getting credited in Savings account?

one you fall in case II and you don't use the negative balance for that billing cycle the amount must be credited to your bank account so where can it be credited it needs one saving account hence bank automatically open savings account. in case you have made any auto payment or other bank account for amount to pay etc then bank wont open another account for you.

in my case I don't use any negative balance etc hence they are forced to credit it back to my account of such refunds when order is cancelled and cashback is auto cut in the Amazon account.

 

[Ekavya]

View attachment 69072

one you fall in case II and you don't use the negative balance for that billing cycle the amount must be credited to your bank account so where can it be credited it needs one saving account hence bank automatically open savings account. in case you have made any auto payment or other bank account for amount to pay etc then bank wont open another account for you.

in my case I don't use any negative balance etc hence they are forced to credit it back to my account of such refunds when order is cancelled and cashback is auto cut in the Amazon account.

I needed that rule when I got my Amazon Pay Credit card Approved

 

[althafvly]

My ICICI CC limit is 4.6L. So I am elligible for Privilage Banking Program. My Net banking banner also showing the Privilage banking logo. So can I just open a Savings account online (I am lazy to go to Branch) upgrade it into Privilage banking program?

Need to go to branch. I tried two times via net banking but rejected and told me to visit branch.

 

[Ekavya]

Need to go to branch. I tried two times via net banking but rejected and told me to visit branch.

Ah! Thanks man You have just saved my time.

 

[Dazzwilliams]

View attachment 69072

one you fall in case II and you don't use the negative balance for that billing cycle the amount must be credited to your bank account so where can it be credited it needs one saving account hence bank automatically open savings account. in case you have made any auto payment or other bank account for amount to pay etc then bank wont open another account for you.

in my case I don't use any negative balance etc hence they are forced to credit it back to my account of such refunds when order is cancelled and cashback is auto cut in the Amazon account.

This is for orders which are cancelled. This is not for 5% cashback which you receive from Apay ICICI card.

 

[Dr.Anand456Dr.Anand456 is verified member.]

I have a zero balance account in ICICI which I opened online in Aug-23 by depositing 95,000 as opening balance. This offer was running back then, in the mid of Aug-24, ICICI upgraded my account to privilege banking account automatically, my TRV with ICICI is less than 50K. I feel that if you open bank account, they may automatically upgrade it to privilege banking account. However, I didn't feel anything special so far while operating the account. Maybe in branch banking experience would be different but I rarely need to visit branch.

How to check TRV in icici bank..?

 

[bing1309]

This is for orders which are cancelled. This is not for 5% cashback which you receive from Apay ICICI card.

Illustration for other credit card where there is no wallet kind option

 

[manish09]

I also would like to know regarding the TRV with ICICI Bank. I was requesting an ICICI Emeralde Private Metal Credit Card after I got an upgrade offer for the normal Emeralde PVC card. They told TRV is less so they cannot offer, but they failed to tell the value of TRV.

 

[iSaurabhSri]

I also would like to know regarding the TRV with ICICI Bank. I was requesting an ICICI Emeralde Private Metal Credit Card after I got an upgrade offer for the normal Emeralde PVC card. They told TRV is less so they cannot offer, but they failed to tell the value of TRV.

How to check TRV in icici bank..?

Try: Login to internet banking>overview>account summary.
It shows combined summary of all bank accounts, DEMAT accounts, deposit, loan and credit card accounts held at ICICI.

 

[Dr.Anand456Dr.Anand456 is verified member.]

Try: Login to internet banking>overview>account summary.
It shows combined summary of all bank accounts, DEMAT accounts, deposit, loan and credit card accounts held at ICICI.

It's show total assets and total liabilities, both are considered or not..?

 

[iSaurabhSri]

It's show total assets and total liabilities, both are considered or not..?

Both are considered, their weightage can differ from one account variant to another. For example, for wealth accounts
Wealth Management services are offered to customers maintaining a Deposits and Investment Value* (DIV) of minimum Rs 50 lakh and to Wealth Salary Account holders with a minimum net salary of Rs 3 lakh per month.

Special Banking and Lifestyle Privileges – Wealth Management

With ICICI Bank’s Special Privileges you and your family can enjoy a wide range of benefits, which span from banking privileges to lifestyle exclusives - all handpicked for you.

www.icicibank.com

*Deposits and Investment Value includes:

• Savings Account and Current Account balances
• Fixed Deposits
• Mutual Fund holdings value
• ULIP holdings value
• 70% of Demat holdings
• 30% of Home Loan disbursed

 

[Dr.Anand456Dr.Anand456 is verified member.]

Both are considered, their weightage can differ from one account variant to another. For example, for wealth accounts
Wealth Management services are offered to customers maintaining a Deposits and Investment Value* (DIV) of minimum Rs 50 lakh and to Wealth Salary Account holders with a minimum net salary of Rs 3 lakh per month.

Special Banking and Lifestyle Privileges – Wealth Management

With ICICI Bank’s Special Privileges you and your family can enjoy a wide range of benefits, which span from banking privileges to lifestyle exclusives - all handpicked for you.

www.icicibank.com

*Deposits and Investment Value includes:

• Savings Account and Current Account balances
• Fixed Deposits
• Mutual Fund holdings value
• ULIP holdings value
• 70% of Demat holdings
• 30% of Home Loan disbursed

Thanks for information.

 

[Ekavya]

I think there is some sort of confusion, I opened a normal banking account in Aug-23 and I got upgrade to privileged banking last month. If they don't deduct charges in Sept.-24 then I can say Titanium DC is free for privileged banking.

Confirmed with Customer Care executive. It's chargeable for me 200+gst..

 

[Ekavya]

We want privilege banking to get family 360 something banking that gives the titanium debit card to get bms offer

Titanium Debit Card isn't LTF. I confirmed with CC

 

[Raavan]

Confirmed with Customer Care executive. It's chargeable for me 200+gst..

For privilege banking debit card is FYF
Issuance is free but annual fee will be levied.

I got titanium Debit card which I blocked and replaced it with RuPay Platinum DC FYF

Here are more details on RuPay Platinum DC
Thread 'Need Rupay Platinum Debit Card Icici' https://www.technofino.in/community/threads/need-rupay-platinum-debit-card-icici.29196/

 

[Ekavya]

For privilege banking debit card is FYF
Issuance is free but annual fee will be levied.

I got titanium Debit card which I blocked and replaced it with RuPay Platinum DC FYF

Here are more details on RuPay Platinum DC
Thread 'Need Rupay Platinum Debit Card Icici' https://www.technofino.in/community/threads/need-rupay-platinum-debit-card-icici.29196/

Thanks!

They calculate One year from the issuance date? Or Financial or normal year.?

I don't need any Debit Card so I wanted to have a LTF.

Any special offer for Rupay Platinum Debit card?

 

[iSaurabhSri]

Confirmed with Customer Care executive. It's chargeable for me 200+gst..

Thank you so much.

 

[cardio_guycardio_guy is verified member.]

I will tell the reverse.

I had a Previlege banking account with ICICI. I also have Amazon pay and sapphiro cards with 10.3 L limit.
I closed the bank account last month.
Previlege logo disappeared after 3-4 days.

I still have the cards active.