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.

 

[SpiesCan'tCatchMe]

Mine was red for a week but nowhere it said privilege as I made sure he select wealth

He assured me that I opened a wm account. And i can also see the mc world debit card in internet banking. Just the privilege written on my net banking was worrying me.
Also, how long did it take from ac opening to get the black theme and the welcome kit

 

[varunsridharan]

He assured me that I opened a wm account. And i can also see the mc world debit card in internet banking. Just the privilege written on my net banking was worrying me.
Also, how long did it take from ac opening to get the black theme and the welcome kit

Just wait for 1 more day if not contact customer care

Branch PPL are not well educated

Had ver bad experience they registered my personal number for just alerts and registered a unknown number i believe for getting OTP and upi

 

[Harrypotter]

My branch denied to open wealth account with initial funding of 1lakh they are asking for 10lakh, any trick to make them open account using 1 lakh initial funding

 

[PraveenDeg]

Hi i have icici 10k mab digital savings account.and i have also 1 lakh fd .
I want to convert my digital savings account to wealth management account.
Any tricks or suggestions.
I have read in somewhere that you open wealth management account just 1 lakh funding.
Can we upgrade our existing account to wealth management account if yes what the criteria, and what's the minimum funding we need .
Please share your opinion!

 

[ashwinkashwink is verified member.]

Hi i have icici 10k mab digital savings account.and i have also 1 lakh fd .
I want to convert my digital savings account to wealth management account.

For Existing Savings account holders need to Have 25L TRV with ICICI Bank.

Any tricks or suggestions.

I suggest you to open a new Wealth Management account for your family members name with just 1 to 5L cheque (varies from branch to branch) and later group for family banking program from iMobile app its take upto max 15 days. Now you can get Wealth Management segment without closing your existing account with the bank.

 

[PraveenDeg]

For Existing Savings account holders need to Have 25L TRV with ICICI Bank.


I suggest you to open a new Wealth Management account for your family members name with just 1 to 5L cheque (varies from branch to branch) and later group for family banking program from iMobile app its take upto max 15 days. Now you can get Wealth Management segment without closing your existing account with the bank.

What is TRV ?
AND IS THERE ANY POSSIBLE SCENARIO THAT I CONVERT MY 10K MAB ACCOUNT TO ZERO MAB ACCOUNT.
I HAVE FD OF 1 LAKH AND I CAN OPEN ANOTHER FD .
IF YOU KNOW ANYTHING PLEASE SHARE !
(Currently i don't want to open new account)

 

[ashwinkashwink is verified member.]

What is TRV ?

Total Relationship Value with the bank which includes Savings account balance, current account balance, fd account balance, investments etc.

AND IS THERE ANY POSSIBLE SCENARIO THAT I CONVERT MY 10K MAB ACCOUNT TO ZERO MAB ACCOUNT.

They straight away decline to do that.

 

[PraveenDeg]

I have 5L to deposit to bank so I think i deposit this amount to icici and convert my digital account to wealth but as you say seems like that is impossible.
What's your suggestion can I take any benefit of 5L deposit in bank or no use !

 

[ashwinkashwink is verified member.]

I have 5L to deposit to bank so I think i deposit this amount to icici and convert my digital account to wealth but as you say seems like that is impossible.
What's your suggestion can I take any benefit of 5L deposit in bank or no use !

Why don't you go for family banking route 🤔

 

[PraveenDeg]

Why don't you go for family banking route 🤔

Can you explain more about family banking route please!
I mean the entire process !

 

[ashwinkashwink is verified member.]

Can you explain more about family banking route please!
I mean the entire process !

I'm already mentioned in my previous post.

 

[SSV]

Can you explain more about family banking route please!
I mean the entire process !

Family Banking:
In simple terms, All your immediate family memebers are grouped together as one unit ( logically) and the aggregate value of all acounts will be considered for your minimum total relationship value.
So what @ashwink was saying , You open a new WM account in the name of your family member first ( wife, brother, mother, father etc..) with your available 5 L funding and after the account is opened , you add your existing account with recently opened WM (Wealth Management) account under the concept of Family Banking... Then both the accounts will become WM accounts and 0 MAB accounts.

First go to your ICICI wealth branch/ normal branch and ask them about WM account requirements and open that inital WM account in the name your family member. You can also get proper information with your local RM(Relationship manager )/BM( Branch Manager) which is more authentic. After talking to your RM / BM , you can ask us more questions...
All the best...


Note: Please refrain from using CAPITAL letters in your posts(as done in your previous post to this), as it is considered "Shouting" or "Yelling" in online parlance.. Thank you..

 

[PraveenDeg]

Family Banking:
In simple terms, All your immediate family memebers are grouped together as one unit ( logically) and the aggregate value of all acounts will be considered for your minimum total relationship value.
So what @ashwink was saying , You open a new WM account in the name of your family member first ( wife, brother, mother, father etc..) with your available 5 L funding and after the account is opened , you add your existing account with recently opened WM (Wealth Management) account under the concept of Family Banking... Then both the accounts will become WM accounts and 0 MAB accounts.

First go to your ICICI wealth branch/ normal branch and ask them about WM account requirements and open that inital WM account in the name your family member. You can also get proper information with your local RM(Relationship manager )/BM( Branch Manager) which is more authentic. After talking to your RM / BM , you can ask us more questions...
All the best...


Note: Please refrain from using CAPITAL letters in your posts(as done in your previous post to this), as it is considered "Shouting" or "Yelling" in online parlance.. Thank you..

Thank you for detailed information.
And sorry for the CAPITAL letters Thing , i don't know it's considered shouting or yelling .
Thanks

 

[codenerd]

Any reference for RM from Kolkata who can help me with Wealth Account? Pls dm if anyone has a genuine RM's reference

 

[saucy]

Any reference for RM from Kolkata who can help me with Wealth Account? Pls dm if anyone has a genuine RM's reference

@pprakash11

 

[pprakash11]

Any reference for RM from Kolkata who can help me with Wealth Account? Pls dm if anyone has a genuine RM's reference

DMed you

 

[SSV]

Not sure if it is a norm, or I am just plain lucky with regard to WM accoun service quality...

Yesterday, I have asked my RM to find out the criteria about LTF emeralde CC. I only have 25 lakhs NRV ( knowing that I won't get it), just want to know his response

Today, RM took appointment to meet me at my house on the advice of BM.

Both BM and RM met me at my residence and explained all Wealth features. This is the first time BM met me.
Regarding Emeralde LTF, he mentioned the usual criteria.
For NRV 1 Cr, FYF Emeralde
For NRV 2 Cr, LTF Emeralde..
The interesting point here is, we can withdraw all the funds once we got LTF Emeralde.
I didn't push for it as I don't require it now, but with some persistence, I feel I can get LTF Emeralde with 1 Cr NRV by just keeping those funds for 2 weeks.
Will try that later when I need it...

The part I like the most about ICICI WM account is
Form the inception of getting invite to open WM a/c with just Apay 6.4 L relationship to till now ( about 9 months) I never visited branch. RM came to my house every time there is a need of physical presence (about 6 times). Today BM also came on his own to introduce himself and asking me to contact him directly if need arises... All of these guys are professional and courteous.
So all my banking needs are done either by phone or by RM visiting me.. I am impressed . They are doing whatever they could promptly without any delay...

On the other hand, I started my journey with HDFC (preferred account) recently. Not much impressed initially but getting better occassionally. Today RM visited me and said he would try my core HDFC CC (first HDFC CC) fromhis portfolio quota to get a better CC with better LE, currently I am getting Money back CC offer. will be able to assess HDFC premium banking service in the coming 6 months..

 

[pprakash11]

Not sure if it is a norm, or I am just plain lucky with regard to WM accoun service quality...

Yesterday, I have asked my RM to find out the criteria about LTF emeralde CC. I only have 25 lakhs NRV ( knowing that I won't get it), just want to know his response

Today, RM took appointment to meet me at my house on the advice of BM.

Both BM and RM met me at my residence and explained all Wealth features. This is the first time BM met me.
Regarding Emeralde LTF, he mentioned the usual criteria.
For NRV 1 Cr, FYF Emeralde
For NRV 2 Cr, LTF Emeralde..
The interesting point here is, we can withdraw all the funds once we got LTF Emeralde.
I didn't push for it as I don't require it now, but with some persistence, I feel I can get LTF Emeralde with 1 Cr NRV by just keeping those funds for 2 weeks.
Will try that later when I need it...

The part I like the most about ICICI WM account is
Form the inception of getting invite to open WM a/c with just Apay 6.4 L relationship to till now ( about 9 months) I never visited branch. RM came to my house every time there is a need of physical presence (about 6 times). Today BM also came on his own to introduce himself and asking me to contact him directly if need arises... All of these guys are professional and courteous.
So all my banking needs are done either by phone or by RM visiting me.. I am impressed . They are doing whatever they could promptly without any delay...

On the other hand, I started my journey with HDFC (preferred account) recently. Not much impressed initially but getting better occassionally. Today RM visited me and said he would try my core HDFC CC (first HDFC CC) fromhis portfolio quota to get a better CC with better LE, currently I am get Money back CC offer. will be able to assess HDFC premium banking service in the coming 6 months..

You're lucky mate.

Not everyone's RM is such courteous.😂

 

[Nobody]

You're lucky mate.

Not everyone's RM is such courteous.😂

I am not able to see even RM details in imobile app of my wealth management account 😂

 

[Nobody]

Not sure if it is a norm, or I am just plain lucky with regard to WM accoun service quality...

Yesterday, I have asked my RM to find out the criteria about LTF emeralde CC. I only have 25 lakhs NRV ( knowing that I won't get it), just want to know his response

Today, RM took appointment to meet me at my house on the advice of BM.

Both BM and RM met me at my residence and explained all Wealth features. This is the first time BM met me.
Regarding Emeralde LTF, he mentioned the usual criteria.
For NRV 1 Cr, FYF Emeralde
For NRV 2 Cr, LTF Emeralde..
The interesting point here is, we can withdraw all the funds once we got LTF Emeralde.
I didn't push for it as I don't require it now, but with some persistence, I feel I can get LTF Emeralde with 1 Cr NRV by just keeping those funds for 2 weeks.
Will try that later when I need it...

The part I like the most about ICICI WM account is
Form the inception of getting invite to open WM a/c with just Apay 6.4 L relationship to till now ( about 9 months) I never visited branch. RM came to my house every time there is a need of physical presence (about 6 times). Today BM also came on his own to introduce himself and asking me to contact him directly if need arises... All of these guys are professional and courteous.
So all my banking needs are done either by phone or by RM visiting me.. I am impressed . They are doing whatever they could promptly without any delay...

On the other hand, I started my journey with HDFC (preferred account) recently. Not much impressed initially but getting better occassionally. Today RM visited me and said he would try my core HDFC CC (first HDFC CC) fromhis portfolio quota to get a better CC with better LE, currently I am getting Money back CC offer. will be able to assess HDFC premium banking service in the coming 6 months..

Surely Lucky you are, even i am preferred banking hdfc customer, i had to pressurise my rm for millennia cc, that too he forwarded to cc team. I only took follow up on it.