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Is ICICI Bank Wealth Management Account useless?
1. Hdfc is more aggressive in providing offers to the customers based on account usage regularly, where icici lacks this.Why? What are advantages?
Some users have reported that you do not need to maintain 25L TRV even. Some have availed it with 5-6L deposits also. It all depends on how your RM is (and how your convincing power is).1. Hdfc is more aggressive in providing offers to the customers based on account usage regularly, where icici lacks this.
2. In Idfc they offer 5% p.a. interest on the savings account, so even parking funds in the savings account makes a great deal.
Icici wealth management is also a good option, but maintaining 25L TRV makes no sense for me.
5000 Aqb means u have a acccount in semi urban branch....i though they provided this account only in urban and metro accounts....My ICICI account without any much banking relationship was upgraded to WEALTH ACCOUNT. I didn't even know about such product. My ICICI account was secondary account which I used only for UPI transactions by topping up as per my requirement over and above my AQB of ₹5000/-. I even today hardly maintain any balance with ICICI.
I feel my account was upgraded to WEALTH on basis of CREDIT score which I had checked using ICICI net banking.
I maintain minimum balance and I have access to it. Makes the app looks good with dark mode, but that's pretty much the most I've used it ;-)Some users have reported that you do not need to maintain 25L TRV even. Some have availed it with 5-6L deposits also. It all depends on how your RM is (and how your convincing power is).
But anyways, the perks of ICICI Wealth are almost not that much re-assuring. (Pardon me: I wrote IDFC Wealth MISTAKENLY. Corrected to ICICI Wealth now)
You can call customer care and apply for ICICI Bank MasterCard World debit card or ICICI bank wealth select visa infinite debit card and now ur MAB will be 0I maintain minimum balance and I have access to it. Makes the app looks good with dark mode, but that's pretty much the most I've used it ;-)
Ah, interesting. Thanks. Didn't really look into it at all. Will explore.You can call customer care and apply for ICICI Bank MasterCard World debit card or ICICI bank wealth select visa infinite debit card and now ur MAB will be 0
could you pls elaborate more? icici was my first salary account but later moved to axis but when I recently ordered cheque book from icici and saw wealthaccount there. Then I checked MAB requirement and it is showing 0 though I have been maintaining above 10K. Can I get wealth select card?You can call customer care and apply for ICICI Bank MasterCard World debit card or ICICI bank wealth select visa infinite debit card and now ur MAB will be 0
exactly same case with me. Just checked that MAB is 0My ICICI account without any much banking relationship was upgraded to WEALTH ACCOUNT. I didn't even know about such product. My ICICI account was secondary account which I used only for UPI transactions by topping up as per my requirement over and above my AQB of ₹5000/-. I even today hardly maintain any balance with ICICI.
I feel my account was upgraded to WEALTH on basis of CREDIT score which I had checked using ICICI net banking.
You will get the MasterCard World Debit Card.could you pls elaborate more? icici was my first salary account but later moved to axis but when I recently ordered cheque book from icici and saw wealthaccount there. Then I checked MAB requirement and it is showing 0 though I have been maintaining above 10K. Can I get wealth select card?
You will get the MasterCard World Debit Card.
Benefilts:
ICICI Bank MasterCard World Debit Card - Apply Online - ICICI Bank Debit Cards
ICICI Bank MasterCard World Debit Card comes with Daily cash withdrawal limit at ATM of Rs 1,00,000 and 2,00,000 while shopping onlinewww.icicibank.com
Master Card World Benefits:
ICICI Bank Mastercard World Debit Card | priceless specials
specials.priceless.com
That's awesome, any significant benefits you've seen in ICICI Wealth Program.My ICICI account without any much banking relationship was upgraded to WEALTH ACCOUNT. I didn't even know about such product. My ICICI account was secondary account which I used only for UPI transactions by topping up as per my requirement over and above my AQB of ₹5000/-. I even today hardly maintain any balance with ICICI.
I feel my account was upgraded to WEALTH on basis of CREDIT score which I had checked using ICICI net banking.
I thought so, observed ICICI over the years, not much to brag about.Not much of a difference currently,
Only things is they have special branches/lounges for wealth management customers for priority banking.
Zero Balance of all such family accounts included in the program.
Premium debit card.
Still to use/identify more benefits as wealth management customer.
I do see what youre saying, the auto sweep in part to a FD.BTW, ICICI effectively gives 5.45% nowadays with their 'linked FD'.
I am not really sure, but most banks nowadays have these, and to be fair and not to disappoint you, this feature is redundant if you're well aware of your finances.Yeah. They have a linked FD feature which I find very convenient. 5.45% interest rate.
BTW do other banks like HDFC as you mentioned, have similar features?