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Here is how I Opened ICICI Bank Wealth Management Account

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saucy

saucy

TF Legend
Delhi Jhandewalan offered me wealth management for 1L. It's doable, at BM Discretion.
Long story ahead

I went to my present ICICI branch (tier 2) and told BM that I'm being offered wealth account in wealth management branch of Delhi, but i want to maintain account with their branch.
She informed me that if u don't maintain amb, it will be downgraded in 2 years with heavy penalty and insisted that i don't open a new account. Me being the usual saucy self, politely helped her realise ki account khul k rahega, if not in her branch, some other.
She agreed.
Then she offered me *a lot* more of her products, and assigned me to deputy branch manager.
They opened my account, via UPI deposit of 1L. Gave me a small kit - chequebook, details etc. The other welcome kit will arrive in a few days at my permenant address.

And that's it folks! We did it!
Will update when the kit arrives.

I deposited the 1L on the next day. Already had the new account number and cust I'd, so could immediately check if the amount has reached.

Since I had an existing cust I'd, it took about a week to merge both of them together.

In a total of about two weeks time, my both account got linked, recieved the kit (a pay-in slip book, a cheque book and a pouch to keep those in, and ofc, the debit card -- it's got poor printing so was a "meh" experience)
And my imobile app evolved to black theme.

My both accounts are linked so both are wealth (it actually is at the cust level)

Free cibil checks. And now my credit card upgrade shows a paid emerald (earlier it was upgrade to sapphiro)

Feel free to ask me anything! (Please make sure you're tagging me in the reply)
 
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helloworld said:
@saucy @jack333

Could someone who knows, after opening account ('wealth management') what happens if

- Initial deposit not credited to account (more or less due to no proof).
- It says zero minimum balance in maintenance, so is there any account downgrade current and in future?

Consider the period was account opened and before doing first online transaction.
Click to expand...
Not sure I understand what you're getting at, but if I get it correctly -

After opening the account, it takes a week or so to "activate" the account. This procedure is completed only after the BM gives a green signal (for me that was when I deposited 1L)

Once the account is active, you may very well withdraw the amount and never bother again.

I believe the BM does have the power to downgrade the account, but that would be their loss too. So I guess they won't do it unless... Ego ki baat aajaye🤷
 
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helloworld said:
@saucy @jack333

Could someone who knows, after opening account ('wealth management') what happens if

- Initial deposit not credited to account (more or less due to no proof).
- It says zero minimum balance in maintenance, so is there any account downgrade current and in future?

Consider the period was account opened and before doing first online transaction.
Click to expand...
To add to earlier points with new info:

The instant kit is different from the kit that later comes with your named debit card, cheque etc.

If you opened an account(i.e. filled the details) but have not deposited, there are good chances that your RM would not process it unless you deposit the amount.

Once the account is active, you may withdraw all your funds. As per the community members - it's not downgraded - because it's a 0amb account
 
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palmadhotra said:
Is there

Is there types of wealth management accts as branch told me 25l required n care told me 5l required, sir pl guide I want to upgrade my existing account to wealth, what to do if anyone at ICICI who can help
Click to expand...
If you already have an account, you have to put 25L in it to upgrade it to wealth account.
For a new account, as Jack mentioned.

"Wealth" acocunts - wealth management and wealth select. Select account needs very high initial deposit. We all are talking about wealth management accounts
 
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saucy said:
Delhi Jhandewalan offered me wealth management for 1L. It's doable, at BM Discretion.
Long story ahead

I went to my present ICICI branch (tier 2) and told BM that I'm being offered wealth account in wealth management branch of Delhi, but i want to maintain account with their branch.
She informed me that if u don't maintain amb, it will be downgraded in 2 years with heavy penalty and insisted that i don't open a new account. Me being the usual saucy self, politely helped her realise ki account khul k rahega, if not in her branch, some other.
She agreed.
Then she offered me *a lot* more of her products, and assigned me to deputy branch manager.
They opened my account, via UPI deposit of 1L. Gave me a small kit - chequebook, details etc. The other welcome kit will arrive in a few days at my permenant address.

And that's it folks! We did it!
Will update when the kit arrives.

I deposited the 1L on the next day. Already had the new account number and cust I'd, so could immediately check if the amount has reached.

Since I had an existing cust I'd, it took about a week to merge both of them together.

In a total of about two weeks time, my both account got linked, recieved the kit (a pay-in slip book, a cheque book and a pouch to keep those in, and ofc, the debit card -- it's got poor printing so was a "meh" experience)
And my imobile app evolved to black theme.

My both accounts are linked so both are wealth (it actually is at the cust level)

Free cibil checks. And now my credit card upgrade shows a paid emerald (earlier it was upgrade to sapphiro)

Feel free to ask me anything! (Please make sure you're tagging me in the reply)
Click to expand...
Old account is also got wealth debit card?
 
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My hometown doesn't have any Wealth Management Branch but their Main branch in my city has a special cabin for wealth customer where the RM is present serving customers. I enquired them about opening a new wealth account he is telling Initial funding your wish like that.

I already own a SAPPHIRO CC LTF, what else I can ask for while opening account. The RM told he will visit my home to open this account if needed.
 
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avis_ said:
My hometown doesn't have any Wealth Management Branch but their Main branch in my city has a special cabin for wealth customer where the RM is present serving customers. I enquired them about opening a new wealth account he is telling Initial funding your wish like that.

I already own a SAPPHIRO CC LTF, what else I can ask for while opening account. The RM told he will visit my home to open this account if needed.
Click to expand...
Rubyx LTF 🤣

Because Emmerdale LTF they won't 🥹
 
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YESTERDAY MY RELATIVE OPENED WEALTH ACCOUNT BUT IN INSTANT KIT THERE IS NO BLACK LEATHER POUCH ..
IN KIT THERE IS ONLY INTERNET BANKING PASSWORD...CHEQUE BOOK & SLIP... N SOME pamphlet

BLACK POUH WILL ARRIVE OR IS THERE ANY *** ?

PLZ SHARE YOUR VALUABLE REMARKS............
 
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Guidence said:
YESTERDAY MY RELATIVE OPENED WEALTH ACCOUNT BUT IN INSTANT KIT THERE IS NO BLACK LEATHER POUCH ..
IN KIT THERE IS ONLY INTERNET BANKING PASSWORD...CHEQUE BOOK & SLIP... N SOME pamphlet

BLACK POUH WILL ARRIVE OR IS THERE ANY *** ?

PLZ SHARE YOUR VALUABLE REMARKS............
Click to expand...
+1

I'm gonna close my ICICI mine and open WM today.
 
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