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Eligibility Criteria for ICICI Emeralde Private Metal - Discussion
Dobbiee
TF Premier
ICICI is now on the lookout for new HNI customers. They would easily offer wealth account with EPM on a salary credit of 3 lacs in ICICI account.
All those who plan to shift salary account to ICICI should negotiate directly with BM first (prefer a branch which has dedicated wealth section).
Also do check if your company has corporate tie-up for salary with ICICI. That would make things easier.
Would not be easy to get relief on 3 lacs salary criteria.
Can try and offer purchase of other products, FDs and show interest in long term relationship with ICICI.
All those who plan to shift salary account to ICICI should negotiate directly with BM first (prefer a branch which has dedicated wealth section).
Also do check if your company has corporate tie-up for salary with ICICI. That would make things easier.
Would not be easy to get relief on 3 lacs salary criteria.
Can try and offer purchase of other products, FDs and show interest in long term relationship with ICICI.
Apx911
TF Buzz
Ive been trying to get EPM for the past month now.
I have a wealth banking account, sapphiro and MMT card with a seperate10 L limit for both but do not qualify on salary criteria.
Although I am trying to push for it based on my existing relationship, My company has a 4cr loan which is ongoing. Will that count in my TRV?
I have a wealth banking account, sapphiro and MMT card with a seperate10 L limit for both but do not qualify on salary criteria.
Although I am trying to push for it based on my existing relationship, My company has a 4cr loan which is ongoing. Will that count in my TRV?
Dobbiee
TF Premier
If you are the owner of the company, then loan may count in your TRV.
squarepizza
TF Buzz
3 lacs salary means how much ITR is required ?
Dobbiee
TF Premier
It depends on salary components. Incase all salary part is fixed, no variables, then ITR would be around 50 lacs.
Keeping some parts as EPF, NPS, etc it can range between 50-55 lacs.
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If it is for card eligibility, then they consider either one of these.
Net Salary 3L in ICICI salary account is enough no need of ITR.
squarepizza
TF Buzz
Apx911
TF Buzz
I am, that is what I thought but haven't heard anything positive yet from them.
BM seems unaware
Dobbiee
TF Premier
How much ITR do you file.
0x5f3759df
TF Select
Spoke to my branch as well, they confirmed these requirements to me:
- PPOP > 50K
- Net salary credit > 4LPM
Also asked me about existing ICICI CC and the limit on it (9L) before they proceed with application. He told me they've already processed 6 EPM cards this month 😱
- PPOP > 50K
- Net salary credit > 4LPM
Also asked me about existing ICICI CC and the limit on it (9L) before they proceed with application. He told me they've already processed 6 EPM cards this month 😱
Heard similar numbers. But ppop > 50kpm is so difficult to have. Did you ask him how to achieve this ppop
sravanbrahma
TF Select
What is ppop ? How it is computed?
Check the post
Found on reddit, they are a step ahead of HDFC now
As more and more demand increases, they will raise the bars more. Another 1000 people ask for EPM, they will make it 6L per month 😃
sravanbrahma
TF Select
5.5 lpa itself is too much... 😀
I wonder how many people now a days are getting > 1.1 Cr... It's become quite common.
If it's business, I understand it's quite common but for salaried, I am quite surprised such high salaried individuals exists.
Not just 1.1cr; 1.1 cr in base component, excluding stocks or year end bonus. That is a really big number.
