HNI Banking Thread 2024

[theboogeyman]

Lets discuss on HNI Banking options and after recent rounds of deval which one is still better.
My net is coming around 2.6-2.75L Pm . I am looking for a HNI Banking program to shift my salary to.

 

[SSV]

I am talking about the First Wealth Banking Program, not the CC.
Having first select, I was considering upgrading to First Wealth Program.
Will it be more beneficial?

Same thing applies to wealth banking program also... what is there in wealth program to attact you so much .. that you actually avail???

 

[theboogeyman]

Which bank are you aiming for?

Confused a lot,
Options I have
1. ICICI Wealth
2. Axis Burgundy

The above 2 are sure shot. For HDFC Imperia I need to negotiate so idk as my net is below 3LPM

 

[Sudip]

Lets discuss on HNI Banking options and after recent rounds of deval which one is still better.
My net is coming around 2.6-2.75L Pm . I am looking for a HNI Banking program to shift my salary to.

First congratulations on the net income.

Second, HNI banking in my view is a scam! RM are only there to reduce your wealth and fulfil their targets, not to forget their calls to sell ULIP plans, etc. Its not the bank but the branch people in that bank which makes your banking experience seamless, check bank where staffs are very helpful and that is exactly how HNI banking should be. In this scenario, normal savings account is better as you will receive less spam investment calls from RM.

If I'm missing anything, can you highlight how is HNI banking better than normal savings account? Unless you're looking for a specific feature of that HNI banking variant like IDFC wealth DC has international lounge access, RSA, etc. HSBC premier can give access to HSBC premier credit card, global account privileges, etc. and in your case I saw you're short of some amount to get premier.

So decide what exactly you want to extract from HNI banking, which bank fulfills your criteria and proceed accordingly.

 

[theboogeyman]

HSBC was my first choice but coming short of 20-30K in monthly to get premier. If i was getting HSBC i wouldnt even think twice. But as am not so am exploring other options.
My primary reason for HNI Banking is a dedicated RM who actually helps , free facilities like locker and preferential treatment if i ever have to visit branch or need help with anything, and also a good cc portfolio. I am tired of maintaining multiple cards to get a good benifit.
Like for first 4L spends i use amex plat travel and then shift to atlas and use 1500x4 in MRCC. For forex spends i cant use either of these and thus fall to RBL Safari. I just one card and am ok with 3-4% rr as long as its solving most if not all my requirements.

 

[theboogeyman]

@Vasuki this is the thread

 

[Vasuki]

Lets discuss on HNI Banking options and after recent rounds of deval which one is still better.
My net is coming around 2.6-2.75L Pm . I am looking for a HNI Banking program to shift my salary to.

Whats your expectations and cc profile rn

 

[theboogeyman]

Whats your expectations and cc profile rn

Expectation already stated above
1. Good RM
2. Free locker if possible
3. Preferential treatment in branch if possible
4. Investment Support or help

For cc currently I have
1. Icici amazon
2. Axis atlas
3. Amex plat travel and mrcc
4. Rbl world safari.
5. OneCard
6. Pnb select rupay ( upi)

 

[devine_mortal]

Honestly, it all depends on the RM you get. I had been with Citi until it went downhill. After that, so far, tried ICICI (best online banking but that's it) and SC. No bank gives you the services what Citi used to give.

So, my opinion, go with HDFC. Atleast with good NRV, you'll get a good credit card to use.

 

[Anindya98]

So decide what exactly you want to extract from HNI banking, which bank fulfills your criteria and proceed accordingly.

Yes, I also feel the same as I am using IDFC DC regularly having a IDFC First Select Acc & ICICI WM.

 

[Vasuki]

Expectation already stated above
1. Good RM
2. Free locker if possible
3. Preferential treatment in branch if possible
4. Investment Support or help

For cc currently I have
1. Icici amazon
2. Axis atlas
3. Amex plat travel and mrcc
4. Rbl world safari.

1- Good rm ( forget such thing ever exist ) even if the guy is your friend,most he can do is never sell you insurance or ulip

2- free locker ( hunt for new hdfc ,idfc branches) u might get lucky bcs both are expanding.
I'n tier 2-3 city Patna I can see hdfc branch opening every other place

Possible with hdfc imperia banking, prefence rate for idfc wealth

3- Banking at branch is minimal so if u have rm you will directly talk to them anyhow
For you to be treated differently ( you contact your rm and your rm will have word of mouth for you ) but talking to BM helps

If you need preferred treatment
If bank does some stupid mistake bang on head of BM with strong complain and they will remb you for life


4- investment and bank man 🤣🤣🤣
Suppose you pick a mutual fund most u can do is invest via in-app of bank & use rm code
Or do fd via rm
That's most u ever want to do with Rm advice




Coming to option

1- get hdfc imperia banking ( MOST OF BANKING NEEDS ) even locker if u get lucky
2- IDFC WEALTH - push for locker while opening
Do all your FDS in here
3- icici wealth management ( get Salary account in icici )
It will slowly give you SHAPPIRO LTF then push for emerald metal

U can't rely on one bank . Axis I m not suggesting as they chnge their policy once in a week 👍

 

[Vasuki]

Atleast with good NRV, you'll get a good credit card to use.

This is a myth
Some with crores won't get infinia invite

 

[Anindya98]

what is there in wealth program to attact you so much .. that you actually avail???

Free Locker Facility & 50% off on the second Locker, Int. & Dom. Lounge Access

 

[Vasuki]

Free Locker Facility & 50% off on the second Locker, Int. & Dom. Lounge Access

Idfc or icici

 

[Survivor35]

You talk about Hn1 account and you dont want to keep balances in banks
keep the 10L in account for 3 months afterwards its 0 mab do some negotiation with BM

Yes private? ...

 

[SSV]

Free Locker Facility & 50% off on the second Locker, Int. & Dom. Lounge Access

Have you enquired about those facilities available at your local branch?? Will you get them in shorter period?

 

[SSV]

Idfc or icici

He is talking about idfc wealth

 

[theboogeyman]

Idfc wealth i had. RM and BM are useless no locker facility give had wealth cc no use now with recent Deval.

 

[theboogeyman]

Hdfc imperia is not possible as my net is below 3LPM.for 2.6-2.7 I have options
ICICI wealth
Axis burgundy
Hdfc preferred.

 

[Vasuki]

Idfc wealth i had. RM and BM are useless no locker facility give had wealth cc no use now with recent Deval.

That's why I said keep looking for new branch in the city
Old won't buzz

 

[SSV]

Free Locker Facility & 50% off on the second Locker, Int. & Dom. Lounge Access

Idfc wealth i had. RM and BM are useless no locker facility give had wealth cc no use now with recent Deval.

Have a look at this @Anindya98