ICICI Wealth Management Account Holders please share your experience.

[TheTrickySid]

What's the MAB you guys maintaining in your Wealth management account.

And what's would be the ideal mab to prevent it from getting downgraded.
Or any tips to avoid getting the account downgraded without maintaining mab.

 

[aryanraj]

I have Regular ICICI account, how to upgrade to Wealth zeo AMB, have CC with only 1.60L limit. @Batmanbaba help

 

[Chaitanya-a]

I have Regular ICICI account, how to upgrade to Wealth zeo AMB, have CC with only 1.60L limit. @Batmanbaba help

For existing customers, a 25L or higher amount of cheque is required to convert it to wealth account

 

[jack333]

For existing 25 lakh. For new 5-10

 

[thunderbolt]

For existing customers, a 25L or higher amount of cheque is required to convert it to wealth account

For existing 25 lakh. For new 5-10

Not required if you can convince any bank exec, I just had to create a 1L FD with the bank exec’s employee code & the bank exec upgraded my acc to wealth management.
Also i got a credit limit increase from 1.5L to 4.2L after upgrading to wealth management.

https://www.technofino.in/community...-please-share-your-experience.5052/post-87629

https://www.technofino.in/community...-please-share-your-experience.5052/post-87624

 

[aryanraj]

Not required if you can convince any bank exec, I just had to create a 1L FD with the bank exec’s employee code & the bank exec upgraded my acc to wealth management.
Also i got a credit limit increase from 1.5L to 4.2L after upgrading to wealth management.

https://www.technofino.in/community...-please-share-your-experience.5052/post-87629

https://www.technofino.in/community...-please-share-your-experience.5052/post-87624

Really, you can get upgrade to Wealth with 1Lakh FD?

Went to the bank & spoke with an exec to upgrade to wealth, he told me to make FD for a month. After a month I was upgraded to wealth. My Apay CC limit is 1.5L, average account balance is 75k-1L.

maine sub manager is puchha to takaa sa jabab, 25L for existing a/c and 6L for new account bola diya. 🙁

 

[thunderbolt]

Really, you can get upgrade to Wealth with 1Lakh FD?


maine sub manager is puchha to takaa sa jabab, 25L for existing a/c and 6L for new account bola diya. 🙁

Ask around in tier 2 city branches, they upgrade for less FD value

 

[787]

What's the benefit of Wealth Management status in ICICI?

Cheers!

 

[Paritosh]

I didn't see any value in wealth management vs regular salary account I had. App theme colour is black. The service and everything is same.

My RM didn't even offer premium LTF cc.

Running behind wealth management account is useless.

 

[Rahul92]

I didn't see any value in wealth management vs regular salary account I had. App theme colour is black. The service and everything is same.

My RM didn't even offer premium LTF cc.

Running behind wealth management account is useless.

Yeah I thought the same.

One time i was almost ready to open wealth account. Went to the nearest branch. Trust me it was so crowded that i came to my senses.

I've 4 cards already from icici with good limits , so that counts too.

So I'm gonna stick with my axis Burgundy nor now.

 

[anonymuos]

What's the benefit of Wealth Management status in ICICI?

Cheers!

0 balance ICICI account

 

[Paritosh]

0 balance ICICI account

It's just a thought of owning the account. If you are planning to keep balence zero, you are not planning to use the account. So it's wastage.

ICICI is not giving any special offer. So the hastle is not worth.

 

[anonymuos]

It's just a thought of owning the account. If you are planning to keep balence zero, you are not planning to use the account. So it's wastage.

ICICI is not giving any special offer. So the hastle is not worth.

LOL why would anyone open an account and not use it? Of course we would use it. Only that instead of keeping 10K in a regular ICICI account, we could keep 2.5K or just enough to do transactions or earn rewards from DC, netbanking while keeping the bigger amount invested somewhere where it gives higher interest rate. That's the whole point of 0 balance accounts. It's not just for satisfaction of owning it. 😂🤦🏻‍♂️

 

[Paritosh]

LOL why would anyone open an account and not use it? Of course we would use it. Only that instead of keeping 10K in a regular ICICI account, we could keep 2.5K or just enough to do transactions or earn rewards from DC, netbanking while keeping the bigger amount invested somewhere where it gives higher interest rate. That's the whole point of 0 balance accounts. It's not just for satisfaction of owning it. 😂🤦🏻‍♂️

Not sure about rewards or cashback offers on ICICI wealth debit card.

Would you please share details?

 

[anonymuos]

Not sure about rewards or cashback offers on ICICI wealth debit card.

Would you please share details?

You can get a RuPay Platinum debit card on a wealth account also and get ₹100 from Amazon Friday RuPay offer. ₹1200 per year. There are certain discounts and offers also on ICICI netbanking, UPI or any types of DC - e.g. spend ₹5000 or more (on merchant transactions) and get ₹250 Amazon GV and similar, throughout the year.

 

[pprakash11]

You can get a RuPay Platinum debit card on a wealth account also and get ₹100 from Amazon Friday RuPay offer. ₹1200 per year. There are certain discounts and offers also on ICICI netbanking, UPI or any types of DC - e.g. spend ₹5000 or more (on merchant transactions) and get ₹250 Amazon GV and similar, throughout the year.

Along with Wealth Debit card?
Or it needs to be closed

 

[Chaitanya-a]

You can get a RuPay Platinum debit card on a wealth account also and get ₹100 from Amazon Friday RuPay offer. ₹1200 per year. There are certain discounts and offers also on ICICI netbanking, UPI or any types of DC - e.g. spend ₹5000 or more (on merchant transactions) and get ₹250 Amazon GV and similar, throughout the year.

For Rupay Platinum card we've NSDL zero balance account. Not worth this much hassle atleast for Rupay Platinum card. Maybe beneficial for other features.

 

[anonymuos]

Along with Wealth Debit card?
Or it needs to be closed

Only one DC per account in ICICI

 

[Abhishek012]

For Rupay Platinum card we've NSDL zero balance account. Not worth this much hassle atleast for Rupay Platinum card. Maybe beneficial for other features.

You can use mutliple RuPay Platinum debit card on same Amazon wallet account. So, you can double triple your monthly profit.

Many people now already have 25 to 30 RuPay Platinum debit cards and annually earn Rs25,000 to Rs30,000 even more.

So, don't stick to just one RuPay Platinum Debit Card. 🤣🤣

Apply RuPay Platinum debit cards from - SBI, ICICI, Kotak, IDFC, Union bank, PNB (3 cards), Canara bank (4 cards), NSDL, BOB (2 to 3 cards), Punjab & sind bank, NKGSB bank, Karnataka bank, Axis bank (salary accoount only), TJSB, IOB, Jana small finance bank, HDFC, Fincare, Equitas, UCO, IDBI, Central bank, Federal bank (salary accoount only), BOI, SBM, Indian bank, Yes bank, LVB (now DBS), Saraswat bank, SVC, utkarsh bank, suryoday bank, north east small finance bank, ujjivan small finance bank etc.

 

[adityad]

I am having ICICI bank account since 2005, initially it was a salary account.
Then they converted to standard saving account.

I was having a balance of 6-7lakhs then they asked me to upgrade to Privilege account, So it was converted to Titanium Privilege account then.
In 2013, I withdraw all my savings to buy a new house. I started getting emails and calls to maintain required MAB of 2 lakhs. Later the DRM assigned to me converted the account to Wealth Management account.
Never faced any issue, the RM was good then. But now the things have changed and the current RM is good for nothing 🙄

There is a required MAB of 50K showing. The average balance I maintain is around 1-1.5 lakhs.

 

[anonymuos]

I am having ICICI bank account since 2005, initially it was a salary account.
Then they converted to standard saving account.

I was having a balance of 6-7lakhs then they asked me to upgrade to Privilege account, So it was converted to Titanium Privilege account then.
In 2013, I withdraw all my savings to buy a new house. I started getting emails and calls to maintain required MAB of 2 lakhs. Later the DRM assigned to me converted the account to Wealth Management account.
Never faced any issue, the RM was good then. But now the things have changed and the current RM is good for nothing 🙄

There is a required MAB of 50K showing. The average balance I maintain is around 1-1.5 lakhs.

What? Such things also happen? I thought once an ICICI account becomes a Wealth management account, it becomes a 0 balance account? It can go back to MAB requirement? That too, 50K?