ICICI Money Multiplier FD along with Salary Wealth Account

[vishalprasad]

Hello All,

As you all know ICICI Salary Wealth Account has 0 MAB, but if we open a Money Multiplier FD (I think for this we should have atleast 15k in the savings account), do we still have to maintain 0 or do we have to maintain 15k?

 

[AkashnAkashn is verified member.]

You need to maintain 25L DIV otherwise they will downgrade to normal account.

 

[vishalprasad]

Okay I meant Salary wealth account , not savings, so i literally dont have to maintain any rupee now... (updated the post)

 

[Anindya98]

Okay I meant Salary wealth account , not savings, so i literally dont have to maintain any rupee now... (updated the post)

No, your account is 0 MAB but for auto debit purposes for any investment using this account keep sufficient funds else if you miss any auto-pay payment you will be charged