HDFC Downgrade from Preferred to Standard.

[its_karan]

A little help is needed, friends.
I have four savings accounts under family banking with HDFC so 40k is struck, currently all in Preferred, each maintaining a balance of 10k with no extra funds, as all my money is invested in mutual funds.

Although I used to be a preferred customer, the bank recently sent me a mail notifying that they will downgrade all my accounts. I assume it to a standard category.

Right now no charges were being deducted as all accounts were Preferred category customer.

Now, they will downgrade so I have some Qs.

Purpose: Want to pay minimum to maintain these accounts in charges. I don't need anything from the Bank but hate unnecessary charges. Will be keeping 10k in each account.

1. What all charges will start applying after downgrade to Standard Account, other than Insta Alerts and AMB non-fulfilment, i'll close the account which is not essential?
2. If I opt for the popular EasyShop Visa Platinum Debit card or Millenia Debit card now, should I issue it now as the charges are reversed from Preferred Category and save the the annual fee, which is around 850/600 something for 1 year, or will they charge no matter what? Right now have a Easyshop Rupay card(The 200 one).

 

[Infinite]

Last month, seven people I know got account downgraded from Imperia to Classic!!

 

[amitr29]

First time I'm seeing someone getting the actual power of ULIP.

Let me tell you, lot of people lie and just throw away wrong facts. Don't get swayed. In the end, there is no way to know, if someone is lying. We all are matured and know what the truth is.

 

[Vasuki]

Let me tell you, lot of people lie and just throw away wrong facts. Don't get swayed. In the end, there is no way to know, if someone is lying. We all are matured and know what the truth is.

I know where this bullet hit its target

 

[PavanPavan is verified member.]

Quite surprise that imperia is also downgraded 🙁

 

[PavanPavan is verified member.]

Quite surprise that imperia is also downgraded 🙁

Not mine 😛 but what i heard from RM was imperia is fro ever imperia
Seems my RM always wrong information

 

[Vasuki]

Not mine 😛 but what i heard from RM was imperia is fro ever imperia
Seems my RM always wrong information

Bugs Bunny got downgraded in febuary...
Not a surprise news 🗞️
From hudfc bank

Even classic is downgraded 🥸

 

[sm9811911]

Please avoid spreading mis information. ULIP is a bad investment. Period. Compare returns from ULIP with any Index linked Mutual funds (the safest type of funds as they directly follow the index) and you will know. Dont base your opinion on absolute returns as they mean nothing for comparison.

I agree. Ulip is a bad product, worse if you are hoping to recover the cost by using credit card rewards.

 

[HumorSimpson]

Bugs Bunny got downgraded in febuary...
Not a surprise news 🗞️
From hudfc bank

Even classic is downgraded 🥸

He is not logging in these days. What happened to him ?

 

[Vasuki]

He is not logging in these days. What happened to him ?

He deactivated his account ..

 

[HumorSimpson]

He deactivated his account ..

😕 So he left

 

[Vasuki]

😕 So he left

Y e s
More than his gf he was giving time here
😂

 

[sm9811911]

It will be interesting to see how many users deactivate their accounts within 1 month, 1 year or 2 years.
I believe most of the people don't remain active for a long time. I will not be surprised if say 95% users are inactive after 12 months.

 

[varun__goel_]

😕 So he left

He did a profile post informing that he will be deactivating his account. He was appointed somewhere for which he had to leave🤷

 

[Shin-Chan]

Bugs Bunny got downgraded in febuary...
Not a surprise news 🗞️
From hudfc bank

Even classic is downgraded 🥸

Whatever may happen until they freeze your account with balance in it "Aaapne Ghabrana Nahi Hai"

 

[Vasuki]

Whatever may happen until they freeze your account with balance in it "Aaapne Ghabrana Nahi Hai"

May your wishes get fullfilled with holi permanent colour

 

[sauravkumar]

He deactivated his account ..

Seriously!! 😱😱
Shock to us...😭😭

Will miss him!!
😔😔
Hope he comes back soon.😄😄

* He forget about the party which he was supposed to give to TF community.😁😁

 

[Vasuki]

Seriously!! 😱😱
Shock to us...😭😭

Will miss him!!
😔😔
Hope he comes back soon.😄😄

* He forget about the party which he was supposed to give to TF community.😁😁

@techt remember this party thing 🥸

 

[HumorSimpson]

@techt remember this party thing 🥸

Which party? You guys might have mistook his advocate lingo of party .

 

[dvader]

Let me tell you, lot of people lie and just throw away wrong facts. Don't get swayed. In the end, there is no way to know, if someone is lying. We all are matured and know what the truth is.

ULIP and Endowment Plans pulled back an entire generation of Indian middle class. Things have changed in last 15 years and for the better, and anytime I see someone trying to bring up ULIP, I feel happy that the majority isn't buying the BS.

And mixing credit cards and investment (apart from some superficial rotation and I wouldn't even recommend that) is almost always a bad Idea. Save some money, get some cashback and discount, redeem those airmiles and live ur life.

 

[Vasuki]

ULIP and Endowment Plans pulled back an entire generation of Indian middle class. Things have changed in last 15 years and for the better, and anytime I see someone trying to bring up ULIP, I feel happy that the majority isn't buying the BS.

Ulip selling & lic insurance linked with sum return
Was classic case to understand the bad impact of gov controlling things & people dependent on gov for jobs ..
Lic agent got kickback by looting own friend , family & near ones wrong plan which was never good ..