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.

 

[Nobody]

I recently opened wealth management account in mid June.. when I try to see my reward points it says reward points account is not created.. Does anybody know how to create this? Or how much time it takes for the reward account to open.

I also opened in mid june, after some time mine was automatically created by icici. Though almost every payment is excluded from rewards points so not sure how will this card be of any use.

 

[v3.tuty]

For new wealth accounts are they giving any kits/bags now?

Just received chq book in a cardboard box 😀. But yet to receive debit card

 

[pprakash11]

For new wealth accounts are they giving any kits/bags now?

Just received chq book in a cardboard box 😀. But yet to receive debit card

Yes they give one black pouch

 

[v3.tuty]

Yes they give one black pouch

It will be sent along with debit card?

 

[v3.tuty]

What are the unique features of this account?


Which account provides complementary meet and greet apart from the axis trio?

 

[SSV]

It will be sent along with debit card?

Normally yes. Please look at my previous posts in this thread for details

 

[devsfinance]

I just saw on website that in Debit card only 5 free transactions per month are there in non Icici bank machines.

For wealth it seems low for some reason.

 

[SSV]

I just saw on website that in Debit card only 5 free transactions per month are there in non Icici bank machines.

For wealth it seems low for some reason.

In this UPI age, it is interesting to see 5 free non icici atm withdrawal limit / month concerns you...

 

[devsfinance]

In this UPI age, it is interesting to see 5 free non icici atm withdrawal limit concerns you...

Oh no I am not concerned at all. I just thought that in titanium salary I was told that I will be getting unlimited. So I was surprised. May be because that was a salary version.

 

[SSV]

Oh no I am not concerned at all. I just thought that in titanium salary I was told that I will be getting unlimited. So I was surprised. May be because that was a salary version.

May be..
Just in case you are wondering if this is worth, ICICI WM is one of the best premium banking accounts with 0 MAB right now...

 

[VS21]

Oh no I am not concerned at all. I just thought that in titanium salary I was told that I will be getting unlimited. So I was surprised. May be because that was a salary version.

which seems better option in your opinion - upgrade existing ICICI titanium salary to wealth OR to open new wealth account ?

 

[devsfinance]

which seems better option in your opinion - upgrade existing ICICI titanium salary to wealth OR to open new wealth account ?

I don’t have existing salary account (Although I could get one easily). But in my opinion given this option I will choose the new wealth account cause the salary one will have a clause that my salary should get credited. While new wealth is 0 balance anyway.

 

[AritraSaha]

which seems better option in your opinion - upgrade existing ICICI titanium salary to wealth OR to open new wealth account ?

Opening a new one. Can be done 1-5L initial funding.

Where account upgraded at 25L balance.

 

[VS21]

Opening a new one. Can be done 1-5L initial funding.

Where account upgraded at 25L balance.

Thanks for sharing this.

1. Can we open wealth select account directly (if yes then approx initial funding?) or only wealth accounts are upgraded to wealth select?
2. Have they downgraded wealth select to normal wealth for anyone in forum if we don't maintain 3cr NRV ?

 

[AritraSaha]

Thanks for sharing this.

1. Can we open wealth select account directly (if yes then approx initial funding?) or only wealth accounts are upgraded to wealth select?
2. Have they downgraded wealth select to normal wealth for anyone in forum if we don't maintain 3cr NRV ?

I don't know how to open ws account.
The ws has NVR condition, so you might have to keep it.(i don't)
Downgrade are pretty really. But not a guarantee that can't happen.

I recommend you to wealth management account, cus only difference is debit card
(mc world vs visa infinity).

Which your bm can give you in wealth management account.

 

[VS21]

Thanks for sharing this.

1. Can we open wealth select account directly (if yes then approx initial funding?) or only wealth accounts are upgraded to wealth select?
2. Have they downgraded wealth select to normal wealth for anyone in forum if we don't maintain 3cr NRV ?

I currently hold a ICICI titanium salary account.
@anirban.choudhury - could you please share some insights and suggestions on wealth select (upgrade or new account?) based on your personal experience.

 

[Akashn]

I opened account today. Basic process was done.

It was showing some error with my PAN for them and they were unable to proceed so they went ahead without PAN (Form 60) but they had to put false details like Low Annual income and Self employed and asked me to update PAN later from iMobile. I've got Black kit of wealth management but afraid i might not get good offers because of these details. is there any way i can update those details to correct one after account activation?

 

[AritraSaha]

I opened account today. Basic process was done.

It was showing some error with my PAN for them and they were unable to proceed so they went ahead without PAN (Form 60) but they had to put false details like Low Annual income and Self employed and asked me to update PAN later from iMobile. I've got Black kit of wealth management but afraid i might not get good offers because of these details. is there any way i can update those details to correct one after account activation?

How much ₹? For initial funding.

 

[Akashn]

How much ₹? For initial funding.

2L

 

[AritraSaha]

2L

Where?