Yep thats almost my situation. Will be shifting to icici I guess
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Eligibility Criteria for ICICI Emeralde Private Metal - Discussion
+1. Salary account is easier to build good relationship score.
Please let us know how it goes!
Right. But I shifted to Axis Burgundy only last month! Will have to close my Burgundy DC, sigh
It's 1499 + GST if status is not maintained.
Yeah not worth the price. Already have dcb for lounge and sapphiro for bms
I have the same thought 🙂
Today, I met a new and good branch manager along with the new Relationship Manager (RM). After I filed my complaint, the branch manager himself visited my home and had a 30-minute conversation with me. He assured me that he would provide me with the welcome kit and the card. He just asked me to give him one chance. Hearing this, tears welled up in my eyes 😅—especially after the introduction and after he got to know everything about me.
Regarding the card, he mentioned that he would forward my request. This card is not easily available to just anyone. According to the branch manager, currently, fewer than 1,000 people in India hold this card. Moreover, just being a Wealth or Private Banking customer is not enough to qualify for it. One needs to meet specific criteria.
He mentioned something about 'PPOP' or a requirement of maintaining ₹50,000 (unclear), which is extremely difficult to achieve. Another way to qualify is by having an Income Tax Return (ITR) of ₹1 crore and a Total Relationship Value (TRV) exceeding ₹3 crore. The final option is to receive a direct invite, which is highly unlikely 😅.
Tomorrow, they will first calculate my TRV and then inform me whether I am eligible for this card or not. After that, approval will be required from the Zonal In-Charge of my area, followed by the Credit Card In-Charge. Only after getting approvals at all these levels can someone obtain this card.
So, one thing is clear—whoever has this card is either very lucky or extremely wealthy, because it is not meant for everyone.
Extremely wealthy seems debatable.
I got the contact of the RM who handles corporate banking in the MNC I work.
The eligibility is pretty simple, if you have >3lpm credit and can move it to ICICI, you will get the card. Pretty much like Infinia before the criteria was increased.
From what I'm told they will open wealth management banking and get the card within a week or so. Post that we can move the salary account to any other bank as well.
Yes . .
He is not a private banking RM. At that time, My account was in Wealth Management only.
Is the 1cr ITR valid for salaried individual as well?
My RM had shared an image showing that five levels of approvals were obtained, and my PPOP was mentioned as around 3.25L.
So yes, it is tough but possible if you meet all the criteria and someone is willing to facilitate it. However, approvals are mandatory even if you fulfill all the eligibility requirements.
Yes. And ye bas official record hai. Isse kam me bhi ho jata hai.
2.5 L. Really...? 🤔😳
Awesome! I just hope they don’t change it anytime soon. 1cr ITR isn’t VERY high.
Just to get some clarity, is bank account mandatory to get EPM?? or ITR or PPOP should be fine??
1 crore bol hu bhai. Ye kam nahi hota hai.
Obviously. But you said only 1000 people have EPM.
Around 3L people file 1cr ITR. I know of more than 100 people personally fulfilling this criteria.
But obviously the intersection of cc enthusiasts and 1cr ITR filers is going be a very small number
