I have visited an ICICI branch.. I have 4.5 lakh limit coral card... BM told me that I am eligible for Privilege Banking... BM Said, When he will process my application it will automatically show privilege account since I have 4.5 lakh limit card.. BM told me to open this account with 1 lakh initial funding.. After negotiating he agreed for 50k funding.. BM said keep 50 k for atleast 3 months then you may maintain 15 to 25 k monthly. There will be no issue.. account will never be downgraded.
Well I have not opened this account yet. In private sector banks, this bank is nearest to my home, around only 100 meter walking distance only. Should I go for it?