How come you confirmed it's assumptions?
Myself and my brother and my friend have similar patters accounts as mentioned above.
I don't have any account relationship with them except credit card (Emeralde and Times Black Now)
When I had Emeralde earlier I had privilege banking with them, later on I linked my Prudential Insurances and Demat account and my account upgraded to Wealth account. On getting Times Black now my account is Private Banking.
Now share your views on A S S U M P T I O N S
Brother,
I had ICICI credit cards with limits exceeding 10 lakh for quite some time, yet my account was not upgraded to Wealth until last month.
Last year, I opened a new Wealth variant account while still holding my previous one. I also got EPM, yet my first account was never upgraded.
Last month, after getting the ICICI Times Card, my new account was upgraded to Private, but my old one remained in a different variant. I had to manually request my RM for the upgrade.
So, when I say "assumptions," I mean that your conclusions are based on your personal experience, but they don’t hold true for everyone. Just as you know people for whom your assumptions apply, I know people for whom they don’t.
Regarding Privilege Banking, I’ve heard about similar cases, but upgrades don’t always happen automatically. You might need to request the upgrade manually, and then it may not get downgraded. However, with ICICI, you can’t be certain whether an upgrade happens due to the credit card or simply because they don’t bother to downgrade accounts.
I hope I was able to explain this now.
I want to know the institutional business you offered 😂😂
