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.

 

[Darthvader]

I got it with 1L initial funding in Bangalore. Opened in July

Bro can you DM me the number and which branch in BLR ?

 

[SSV]

Recently opened. Just been 2 weeks!

2 weeks should be enough for changes to become effective.
You can contact CC or wait for a week.
To answer your questions.
I don't have current account .
The theme and all other things should apply to you as well

 

[Trust Me]

Lot of things came up with ICICI since the last month actually.
...
... Now, they are moving mountains to bring it under a single user id.
...
I know the existence of two cards. One I am using. But there are two more numbers, I never knew I had.
6. I don't know what will I come to know I have with ICICI next.

It is surprising that you have no recollection of so many things! I presume no saved records either?

Aren't there any clues about your 'forgotten' cards in your CIBIL reports?

You could ask the Bank to search with your PAN to find out what else might be hidden.

There is some RBI directive about customer IDs: there can be only a single customer ID per customer. I'm surprised the Bank even allowed a second customer ID in the first place. Don't they map all relationships to the PAN to begin with? I know ICICI delete old customer IDs for closed accounts. Only in such cases they can allot new IDs.

Axis are at a different level altogether, -- they never delete old customer IDs ever, even for closed accounts! For me, they even dug up my ancient customer ID for a closed account (with the UTI Bank) from some 20 years back, and assigned that to my new account!

 

[SSV]

I live in West Bengal, can they open my account..
The nearby branch seems to useless..😝

When I asked my RM to seek some help for one of our commrades here (@Akashn ), my RM said he could help if he is in the same state, meaning inter state help may not be possible...

 

[kishorvr]

It is surprising that you have no recollection of so many things! I presume no saved records either?

Aren't there any clues about your 'forgotten' cards in your CIBIL reports?

You could ask the Bank to search with your PAN to find out what else might be hidden.

There is some RBI directive about customer IDs: there can be only a single customer ID per customer. I'm surprised the Bank even allowed a second customer ID in the first place. Don't they map all relationships to the PAN to begin with? I know ICICI delete old customer IDs for closed accounts. Only in such cases they can allot new IDs.

Axis are at a different level altogether, -- they never delete old customer IDs ever, even for closed accounts! For me, they even dug up my ancient customer ID for a closed account (with the UTI Bank) from some 20 years back, and assigned that to my new account!

Yes, some banks do not delete old customer ids. I found out union bank does not delete. I plan to open a new account under it and take a Select variant debit card. Hope that goes well. I will now check if Federal bank, Yes bank, and Bank of Baroda (Vijaya Bank) have my old ids.

Cibil has reports of all the cards that I know of. So I am cool over there. But still, I plan to ask ICICI about it. I am sure this will be fun.

 

[kshitij_0]

Reverse is my case even though not exactly..
I started using my new user ID voluntarily and abandoned my old user ID.. not sure what happened to that..
Note
My old ID: for cc accounts
New id: for WM account

I received an new User ID today on mail. Should I login through it or should I wait for Wealth Kit to come?
I am unable to see the account in the app.
Why does the new User ID starts with B?

 

[AritraSaha]

I received an new User ID today on mail. Should I login through it or should I wait for Wealth Kit to come?
I am unable to see the account in the app.
Why does the new User ID starts with B?

Mine also started with B
Try to login.

 

[kshitij_0]

Mine also started with B
Try to login.

It's asking for DC details for generating password

 

[AritraSaha]

It's asking for DC details for generating password

Ohh so they have deleted the old id & merge upur cc with this id.

They you have to wait. You need the dc no & grid no to create password..

 

[palen]

Can we use money multiplier feature on wealth management account?

Apparently not, spoke to bank staff.

 

[kshitij_0]

It's all done. Got Black theme, can see wealth DC and Account Details. Now waiting for Wealth kit.
They close my privilege account in the midway only. It was half opened. Then they processed Wealth account. These all happened in 7-8 days since I was active and was constantly doing bamboo (danda) @VISHESH_BANSAL .

 

[SSV]

It's all done. Got Black theme, can see wealth DC and Account Details. Now waiting for Wealth kit.
They close my privilege account in the midway only. It was half opened. Then they processed Wealth account. These all happened in 7-8 days since I was active and was constantly doing bamboo (danda) @VISHESH_BANSAL .

👍👍👋👋

 

[palen]

Branch near me denied wealth management account with 1L funding. They want at least 5L in funding. Instead, they were trying to push privilege account which I denied.

 

[Akashn]

It's all done. Got Black theme, can see wealth DC and Account Details. Now waiting for Wealth kit.
They close my privilege account in the midway only. It was half opened. Then they processed Wealth account. These all happened in 7-8 days since I was active and was constantly doing bamboo (danda) @VISHESH_BANSAL .

Ye danda kaise dena hai? They are forcing me to open demat 😤😤

 

[kshitij_0]

Ye danda kaise dena hai? They are forcing me to open demat 😤😤

Danda dene ke bahut tareeke hain lekin maine Twitter ka sahara liya aur badhiya kaam karta hai ICICI me 1 baar aur kiya tha

 

[SSV]

Branch near me denied wealth management account with 1L funding. They want at least 5L in funding. Instead, they were trying to push privilege account which I denied.

It all depends on their target, not your target from their perspective...

If you need your target to be fulfilled, you need to target the right target.
Essentially target the near by WM branch, for your target to be successfully achieved..

Wish you well for your target... 😉 😉

 

[Akashn]

Danda dene ke bahut tareeke hain lekin maine Twitter ka sahara liya aur badhiya kaam karta hai ICICI me 1 baar aur kiya tha

Okay. I will try. Chatgpt zindabaad

 

[kshitij_0]

👍👍👋👋

Bro now should I add all the family members as well in the same account?
Or should I open their account separately with 1-1 lakh deposit?

 

[SSV]

Branch near me denied wealth management account with 1L funding. They want at least 5L in funding. Instead, they were trying to push privilege account which I denied.

It all depends on their target, not your target from their perspective...

If you need your target to be fulfilled, you need to target the right target.
Essentially target the near by WM branch, for your target to be successfully achieved..

Wish you well for your target... 😉 😉

I will tell you why...
If they are insisting you on taking Previlige account means, they are a normal branch and want to achieve their normal KPI, which is how many previlige accounts they sold this month , this quarter etc...
Youa re going there and asking WM account which they don't sell normally and is not a substantial part of their performance measurement...

It is like, you went a Jeweller store, which predominantly sells Silverware and you are asking for Gold Jewellery..
He may have some Gold jewellery (minimal) and may not earn much margins... He will try to push for silverware as his forte is Silver and he gets good margins.

Instead , if you go to a Gold specialist Jeweller, both the parties are interested in the transactions and want to get the deal done based on negotiations...

Moral of the story today:

Look for right things at right palce..
Not right thing at wrong place or wrong things at right palce... Got it... Very simple...
Have a nice day...

 

[SSV]

Bro now should I add all the family members as well in the same account?
Or should I open their account separately with 1-1 lakh deposit?

Please wait for your WM to be fully functional and then you can enable family banking and add all your kins...
No need to fund their accounts with 1L as far as I Know..
Please drive slowly and cautiously, there may be curves ahead...