ICICI Wealth Account (< 25 IDV)

[dhshankar]

As per ICICI bank conditions , 25L IDV is required for wealth account. But, several people able to get wealth even though 25L IDV not met

So, can any one share your experience of having wealth account with ICICI, without meeting their criteria of 25L IDV

 

[maverickhulk]

I would love to know more about this too. Does having a salary account help?

 

[Batmanbaba]

You can open this account with just initial cheque of 10 lakhs... Some branches even offer it for 5 lakhs... And after that its becomes a zero balance account.... No amb required...


Some people have been upgraded also without fulfilling any condition

 

[alphadark7]

As per ICICI bank conditions , 25L IDV is required for wealth account. But, several people able to get wealth even though 25L IDV not met

So, can any one share your experience of having wealth account with ICICI, without meeting their criteria of 25L IDV

A wealth account can be opened with a 5L cheque.
Wealth Select account can be opened with a 10L initial cheque but you will have to maintain 25L for the Wealth Select account. This is what my RM told me.

 

[anotheruser]

My account was upgraded to Wealth management(been few months now) . I don't have 25L IDV as per the mentioned criteria.
I do not (and never did) maintain any average monthly balance.
It's a 3-1 account (salary) since ~8 years.
The best perk : no IVRS , No more call waiting in customer care . You call and someone picks within seconds.

 

[thanix]

For some companies, if the monthly salary credit is above 2L, relationship is upgraded to wealth management.

 

[Gkcards]

if you can get saphiro credit card, your account will get upgraded to wealth management

 

[Sreerag]

if you can get saphiro credit card, your account will get upgraded to wealth management

Really? Free of cost? Should maintain 25L AMB?

 

[Sreerag]

My account was upgraded to Wealth management(been few months now) . I don't have 25L IDV as per the mentioned criteria.
I do not (and never did) maintain any average monthly balance.
It's a 3-1 account (salary) since ~8 years.
The best perk : no IVRS , No more call waiting in customer care . You call and someone picks within seconds.

What do you mean by 3-1 please explain

 

[Sreerag]

The thing is, when banks see some opportunity in you they upgrade your account to Wealth Management, Private or anything . Otherwise they won't move any hand

 

[alphadark7]

Really? Free of cost? Should maintain 25L AMB?

I am pretty sure they don't upgrade to Wealth Select, they upgrade it to Wealth account that is 10 lakhs AMB

 

[anotheruser]

What do you mean by 3-1 please explain

Salary, trading and demat.
A lot of bank provide this.

 

[anotheruser]

I am pretty sure they don't upgrade to Wealth Select, they upgrade it to Wealth account that is 10 lakhs AMB

Yeah not wealth select.
I think its not required for salary account.

 

[Sreerag]

I am pretty sure they don't upgrade to Wealth Select, they upgrade it to Wealth account that is 10 lakhs AMB

Then also u need to maintain 10L if u get Sapphiro Card?

 

[Sreerag]

Salary, trading and demat.
A lot of bank provide this.

I know that but didn't know whats 3-1.. thank you

 

[alphadark7]

Then also u need to maintain 10L if u get Sapphiro Card?

Nope

 

[Sreerag]

Nope

So let me get this straight;

You get ICICI Sapphiro Card, ur account gets converted to Wealth Management free of cost. Should u maintain any AMB? Any I mean . Is it zero balance account?

 

[Sreerag]

So applying that same logic, when u take Rubyx card ur account will become privilege banking?

 

[Sevendar@01]

A wealth account can be opened with a 5L cheque.
Wealth Select account can be opened with a 10L initial cheque but you will have to maintain 25L for the Wealth Select account. This is what my RM told me.

do u stay in kolkata?

 

[Sahilsardalia]

i dont know my account type but mab is zero, also the black theme is there in my imobile app. can anyone tell me how to check account type ?