HNI Bank Accounts - Options

[raghunath]

I have an HDFC Imperia Bank account but I'm not really impressed with their service.

1) I have opened some family accounts by depositing 5L and linked it to my Imperia, so they can benefit with some of the fee waivers.
2) I took a home loan through them
3) I took health insurance through them
4) And Term insurance is in the process through them
5) Did some small amount fixed deposits.

All done through the RM. Despite all this and high NRV and balances - I still didn't get a locker and still didn't get Infinia despite having ITR several folds higher than required. I only get excuses and delaying tactics.

I'm looking for alternatives to HDFC Imperia among other banks that might provide better service and benefits. Please recommend options based on your experience with other banks.

 

[bansalp]

What are benefits of Axis Burgundy.
I had axis priority account and a good credit score still my Axis CC is always rejected. Now account is upgraded to burgundy. Any tricks to get Axis CC?

 

[deep@vie]

What are benefits of Axis Burgundy.
I had axis priority account and a good credit score still my Axis CC is always rejected. Now account is upgraded to burgundy. Any tricks to get Axis CC?

That's tragic

 

[deep@vie]

What are benefits of Axis Burgundy.
I had axis priority account and a good credit score still my Axis CC is always rejected. Now account is upgraded to burgundy. Any tricks to get Axis CC?

get it done through RM

 

[bansalp]

Even branch manager had followed up with CC team, written to PM, logged RBI ombudsman ticket to know reason for decline still they only say Internal policy. Their CC team is pathetic.

 

[TheTrickySid]

Wealth Management -> 10L Initial Check, 0 MAB
Wealth Select -> 25L TRV
Wealth Private -> Some crores TRV

Do you have any documents which state these facts so I can show them to my branch? According to them wealth select does not exist and wealth family has 25L TRV and next tier is Private with 5Cr TRV and they have shown me forms stating the same.

Wealth Management (25L): Eligibility

Wealth Select (3Cr): Eligibility

Wealth Private: Eligibility not available on website.

 

[ChurningNoob]

Why not HSBC Premium? Their RM are best and very helpful wont sell products

 

[TheTrickySid]

Why not HSBC Premium? Their RM are best and very helpful wont sell products

Branch availability is major issue.

They are only present in metropolitan areas.

 

[schatterjee18]

Myself Imperia from last 2+ years to get Regalia had to drop mails after mails. Still took 20days to get Regalia. Just waiting for a job switch to close all accounts and be with ICICI only where I am just privileged customer however service I feel is good.

 

[Souvik]

Why not HSBC Premium? Their RM are best and very helpful wont sell products

Whats the AMB/TRV/AQB and any specific benefits of HSBC premium, for HSBC i always fear they may exit indian business any day.

 

[avishj]

Do you have any documents which state these facts so I can show them to my branch? According to them wealth select does not exist and wealth family has 25L TRV and next tier is Private with 5Cr TRV and they have shown me forms stating the same.

This is shown on their website.
Wealth Management: https://www.icicibank.com/wealth-management/personal/savingsaccount - 0MAB (has existed for a while)
Wealth Select: https://www.icicibank.com/wealth-management/personal/one-account-many-benefits - 25L NRV (used to be the old requirement for wealth before 2018/19, but was relaunched in pandemic time)
Wealth Private: https://www.icicibankprivatebanking.com/ - Some crores, can't confirm (No real clue, way above my level)
All these websites are a convoluted mess NGL, best to talk with the branch manager imo.

 

[avishj]

Wealth Select is a recent addition to their tiering. It was introduced in late 2020 or early 2021. This primarily sites between Wealth account and Private Banking. The RMs are not well acquainted with this proposition, and this is also not publicized on their website, except that there is a variant of Wealth Select debit card. Try to speak to the Branch manager directly. You need to have a TRV of 3 Crores across your family accounts.

Wealth Select is 25L NRV not 3 cr right?

 

[avishj]

better get axis burgundy or indusind pioneer

both better products than hdfc imperia

Why not all xD! So far, have everything that was mentioned but imperia! Great service, and more or less never any worries about charges is a great feeling.

 

[avishj]

What are benefits of Axis Burgundy.
I had axis priority account and a good credit score still my Axis CC is always rejected. Now account is upgraded to burgundy. Any tricks to get Axis CC?

Look for preapproved offers via the apply now portal (called maximus), the branch and online applications always got rejected for me, only that worked, got select paid with 1.75L, got CS to convert to LTF and reverse fees.

 

[avishj]

Even branch manager had followed up with CC team, written to PM, logged RBI ombudsman ticket to know reason for decline still they only say Internal policy. Their CC team is pathetic.

Can confirm, CC team is really hit or miss with Axis and even IndusInd.

 

[avishj]

Wealth Management (25L): Eligibility

Wealth Select (3Cr): Eligibility

Wealth Private: Eligibility not available on website.

Although it is mentioned as such, Wealth Management has been available via 10L initial funding with 0 MAB afterwards. As for the Wealth Select, the debit card page had mentioned 25L NRV until a couple months ago, which I believe is still true. The website honestly is not very reliable, so please do confirm everything with the branch!

 

[bansalp]

Look for preapproved offers via the apply now portal (called maximus), the branch and online applications always got rejected for me, only that worked, got select paid with 1.75L, got CS to convert to LTF and reverse fees.

If you provide details here, they make an inquiry on your credit report.

 

[simal]

Wealth Select is 25L NRV not 3 cr right?

Wealth is 25L not Wealth Select

 

[avishj]

If you provide details here, they make an inquiry on your credit report.

Nope, they do not via maximus. It is preapproved. I got Select via this method with no hard pull.

 

[avishj]

Wealth is 25L not Wealth Select

They have changed around terminologies here and there but let me tell you this, what is enforced is that you need 10L check to start Wealth account and then it remains as 0 MAB. For wealth select, when the debit card's page was still functional a couple months ago, it mentioned 25L NRV. I won't comment on the current status of wealth select, but as a wealth account holder for the past 1.5 years, I can assure you that it is not 25L (atleast not enforced).

 

[codenerd]

Please share some info about

Although it is mentioned as such, Wealth Management has been available via 10L initial funding with 0 MAB afterwards. As for the Wealth Select, the debit card page had mentioned 25L NRV until a couple months ago, which I believe is still true. The website honestly is not very reliable, so please do confirm everything with the branch!

This is about ICICI bank right?