HDFC Classic to Preferred upgrade

[RM95]

I have a Savings Max account with HDFC (Classic banking). Eligibility for Preferred is 2L in Savings or 15L in Savings + Current + FD. My account has auto-sweep out, so if I keep 2L in account, it sweeps out 75k to FD. Will that FD still count toward the 2L in Savings criteria for getting upgraded to Preferred Banking?

 

[Rahul Gupta]

I have a Savings Max account with HDFC (Classic banking). Eligibility for Preferred is 2L in Savings or 15L in Savings + Current + FD. My account has auto-sweep out, so if I keep 2L in account, it sweeps out 75k to FD. Will that FD still count toward the 2L in Savings criteria for getting upgraded to Preferred Banking?

nope.

But let me share my experience.

I am upgraded to preferred from classic some days ago. I was maintaining about 1 to 1.5 lacks, still got the invite and i accepted it because i am targeting infinia cc and it helps. but if i don't maintain 2 lacks now then it will be downgraded to classic in some months.

 

[desaik231]

any benifits as such of preferred? I have been given that but unable to see any tangible benifit

 

[RM95]

nope.

But let me share my experience.

I am upgraded to preferred from classic some days ago. I was maintaining about 1 to 1.5 lacks, still got the invite and i accepted it because i am targeting infinia cc and it helps. but if i don't maintain 2 lacks now then it will be downgraded to classic in some months.

Gotcha.
My point is, with the auto sweep facility of Savings Max, I'll never have more than Rs. 1,25,000 MAB, as the rest will get turned to FD.

 

[ltf4ever]

I have a Savings Max account with HDFC (Classic banking). Eligibility for Preferred is 2L in Savings or 15L in Savings + Current + FD. My account has auto-sweep out, so if I keep 2L in account, it sweeps out 75k to FD. Will that FD still count toward the 2L in Savings criteria for getting upgraded to Preferred Banking?

see this thread:
Thread 'HDFC: upgrading to Imperia is difficult for SavingsMax' https://www.technofino.in/community...-to-imperia-is-difficult-for-savingsmax.2127/

 

[venkatasakethraja]

All that is hogwash. I never maintain more than 60-70k in my account and i am still retaining preferred banking progra. The reasons are only known to hdfc and none else.

 

[RM95]

see this thread:
Thread 'HDFC: upgrading to Imperia is difficult for SavingsMax' https://www.technofino.in/community...-to-imperia-is-difficult-for-savingsmax.2127/

Thank you, this was very helpful.

 

[RM95]

All that is hogwash. I never maintain more than 60-70k in my account and i am still retaining preferred banking progra. The reasons are only known to hdfc and none else.

How did you get into Preferred?

 

[Rahul Gupta]

any benifits as such of preferred? I have been given that but unable to see any tangible benifit

Premium credit card, little bit easier upgrade to infinia and 50% locker discount.

 

[Rahul Gupta]

any benifits as such of preferred? I have been given that but unable to see any tangible benifit

Premium credit card, little bit easier upgrade to infinia and 50% locker discount.

 

[desaik231]

will premium card be given LTF? i have moneyback with me

 

[SangEUD]

Upto Regalia you can get LTF basis relationship.

Real tough is to get DCB LTF without Alumni offer. INFINIA Metal LTF is near impossible for now. If your NRV with HDFC Bank runs in Crores, then ofcourse anything is possible .

 

[deep@vie]

All that is hogwash. I never maintain more than 60-70k in my account and i am still retaining preferred banking progra. The reasons are only known to hdfc and none else.

I'm retaining Classic without any maintenance

 

[pandyag]

how much time it takes to convert to preferred acciunt.. i gave consent a week back still have not recd any confirmation.

 

[gobsy]

I'm retaining Classic without any maintenance

How?