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.

 

[techprince]

Is it freely given for wealth accounts

Yes + Upto 50% off on 2 additional lockers.

 

[vine]

Yes
But availability is subject to manager bribe 😂😂

So, what's the bribe like? 1L ulip or 10L FD?

 

[Vasuki]

So, what's the bribe like? 1L ulip or 10L FD?

Depends on rm relationship with BM

U can negotiate whatever it is

 

[cardio_guy]

theboogeyman​

Did you open DBS treasures and Vantage CC? Any leads for how the services are and the benefits?

 

[theboogeyman]

nop, went with Axis Burgundy. Waiting for Axis Olympus CC.

 

[Vinay13]

Read the complete thread, whats outcome of discussion? I have axis priority with ATLAS
does olympus makes more sense?

 

[Pissant]

Read the complete thread, whats outcome of discussion? I have axis priority with ATLAS
does olympus makes more sense?

do you have large international spends? If yes, then yes. Otherwise no.

 

[Vinay13]

do you have large international spends? If yes, then yes. Otherwise no.

Yeah i spend 5-6L yearly on travel spends I book flights/hotels with atlas. But the additional benefits like m&g , airport pickup drop are good

 

[Pissant]

Yeah i spend 5-6L yearly on travel spends I book flights/hotels with atlas. But the additional benefits like m&g , airport pickup drop are good

You would be better off with Atlas. Olympus has a much worse reward rate for travel spends.

 

[theboogeyman]

@Vinay13 for travel spends - atlas beats olympus hands down. but for international spends - outside india or non travel spends internationally atlas is fckd, so the best outcome is to have both for all hotels (direct) +airlines use atlas and rest every damn thing use olympus. I am preferring olympus because i travel 3 - 4 times internationally a year and have good forex expenses,currently use RBL World , one card with 0 forex offer and all, not mch reward rate so thus would love to have olympus.

 

[Vinay13]

@Vinay13 for travel spends - atlas beats olympus hands down. but for international spends - outside india or non travel spends internationally atlas is fckd, so the best outcome is to have both for all hotels (direct) +airlines use atlas and rest every damn thing use olympus. I am preferring olympus because i travel 3 - 4 times internationally a year and have good forex expenses,currently use RBL World , one card with 0 forex offer and all, not mch reward rate so thus would love to have olympus.

You can use indusind debit card for forex transactions , it can be also used in foreign ATM also.
Now coming back to atlas and olympus …considering i spend 7-8L yearly. I plan to spend 1-2 L internationally through olympus and other through atlas. Even if i am paying 3.6k effective in fees for olympus i can easily get it back just by using 2 airport transfers. Then why not go for bothcl cards?

 

[theboogeyman]

@Vinay13 did u get olympus already, hoping u are a citi customer then. Any news on general availability?

 

[Vinay13]

@Vinay13 did u get olympus already, hoping u are a citi customer then. Any news on general availability?

Nope applications not opened yet

 

[cardio_guy]

nop, went with Axis Burgundy. Waiting for Axis Olympus CC.

I am too at similar points. Salary account for net salary 2L+

Primary bank account is SBI for personal use.
For Salary account:

• Had ICICI but I closed it. Overall experience was very basic even with WM account.
• Opened HSBC for now. They won't give Premier. But I'll just get the thriwe copouns joining offer.
• Axis told they will give Burgundy account + Select CC. I need to think if I should take this.
• DBS told they will give Treasures + Vantage CC. I might take this one. More copouns, offers and monthly vouchers.
• Not going with HDFC anytime soon.

By the way, how is Axis Burgundy? How is your overall experience?
Also, others who have participated in this discussion, what's your choice? @__Architect__ @FinCurious @mast2510

 

[Vinay13]

I am too at similar points. Salary account for net salary 2L+

Primary bank account is SBI for personal use.
For Salary account:

• Had ICICI but I closed it. Overall experience was very basic even with WM account.
• Opened HSBC for now. They won't give Premier. But I'll just get the thriwe copouns joining offer.
• Axis told they will give Burgundy account + Select CC. I need to think if I should take this.
• DBS told they will give Treasures + Vantage CC. I might take this one. More copouns, offers and monthly vouchers.
• Not going with HDFC anytime soon.

By the way, how is Axis Burgundy? How is your overall experience?
Also, others who have participated in this discussion, what's your choice? @__Architect__ @FinCurious @mast2510

Treasures has good lifestyle benefits but when I talked to RM he said those benefits are based on TRV , so not sure of salary trasures will hav those benefits or not

 

[cardio_guy]

Treasures has good lifestyle benefits but when I talked to RM he said those benefits are based on TRV , so not sure of salary trasures will hav those benefits or not

OK, I need to check that. Good point.
TBH, Even without Treasures, DBS Elevate Salary account is still good. (They might give the Spark 20 CC LTF with that)
Treasures is added advantage. (But I also think Vantage CC will be chargeable here, it won't be LTF). I will get these points clarified.

 

[Vinay13]

OK, I need to check that. Good point.
TBH, Even without Treasures, DBS Elevate Salary account is still good. (They might give the Spark 10 CC LTF with that)
Treasures is added advantage. (But I also think Vantage CC will be chargeable here, it won't be LTF). I will get these points clarified.

Yeah please keep us posted, information may vary. I do not find anything special is spark20. cash point value is 0.2 even with 20x its 4% only

 

[cardio_guy]

Yeah please keep us posted, information may vary. I do not find anything special is spark20. cash point value is 0.2 even with 20x its 4% only

Yes, not rewarding as such, but some platforms like Swiggy and BMS gives instant discounts to DBS cards, as high as 15-20% (with capping some times)

 

[theboogeyman]

Dbs I tried has lot of TRV restrictions for many benifits you never know when they will give something when they won't. Very shady buisness practice. Axis is shit but atleast upfront. I don't wanna have a bank which riddles everything with a T&C. So axis it is. I mainly use Atlas, will wait for Olympus. Olympus+Atlas is the best u can have covers all expenses.

 

[cardio_guy]

I am too at similar points. Salary account for net salary 2L+

Primary bank account is SBI for personal use.
For Salary account:

• Had ICICI but I closed it. Overall experience was very basic even with WM account.
• Opened HSBC for now. They won't give Premier. But I'll just get the thriwe copouns joining offer.
• Axis told they will give Burgundy account + Select CC. I need to think if I should take this.
• DBS told they will give Treasures + Vantage CC. I might take this one. More copouns, offers and monthly vouchers.
• Not going with HDFC anytime soon.

By the way, how is Axis Burgundy? How is your overall experience?
Also, others who have participated in this discussion, what's your choice? @__Architect__ @FinCurious @mast2510

After a 1-2 months of opening the HSBC EBS account, I would say I am not very disappointed with their system.
Overall experience have been good. That's very good if we look from a customer perspective.
Since they have a few products and less account variants, we don't feel lost.

Pros: Customer care is helpful. They know things.
Cons: Waiting time to get customer care on phone is too high. (atleast 10 mins)
Process is overall slow. Cashbacks, joining benefits, milestone rewards, etc take 2 months time to arrive.

Mobile app: they have 2 apps - HSBC Mobile Banking and HSBC Simply Pay UPI.
Both apps are Okayish, but sometimes loads slow, sometimes doesn't respond well.

They say there are some offers for HSBC debit and credit cards on various platforms, haven't tried exploring all of that.

Apart from basic banking and a little bit of joining benefits through thriwe, there are not much exciting things here.

I felt if you want to do international banking, HSBC can be a choice. If you get Premier account variant, then you can explore some more of their offerings.