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.

 

[thanix]

I recently opened WM. I came across this in the website.


ATM Interchange (Transactions at Non ICICI Bank ATMs)6 metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad): Rs 21 per financial transaction & Rs 8.5 per non-financial transaction, post 3 transactions (inclusive of financial and non-financial transactions).
Other than 6 metro locations: Rs 21 per financial transaction and Rs 8.5 per non-financial transaction, post 5 transactions (inclusive of financial and non-financial transactions).
Maximum of 5 transactions free in a month, across locations, with a cap of 3 transactions at 6 metro locations.

Seriously, just 3 ATM transactions in metro even for WM Account? Very poor.

 

[DarthYoda]

Logo me itna Darr kala dhan kamate samay hota to aj apna Desh kitni pragati kar chuka hota

Kya kare bhai reality yhi h, new and small business h that's why asking. Better safe than sorry. Apna mehnat ka hi acha, kaala peela dhan nhi chahiye.
Btw answer toh dedo koi query ka😅

 

[saucy]

Kya kare bhai reality yhi h, new and small business h that's why asking. Better safe than sorry. Apna mehnat ka hi acha, kaala peela dhan nhi chahiye.
Btw answer toh dedo koi query ka😅

The answer is no.
Why would you be afraid of IT? Ek toh ye amount won't trigger any query.
And as long as you have a genuine source for you money, you shouldn't care depositing even 100 crores

 

[DarthYoda]

The answer is no.
Why would you be afraid of IT? Ek toh ye amount won't trigger any query.
And as long as you have a genuine source for you money, you shouldn't care depositing even 100 crores

Thank you brother for prompt reply.

 

[dvader]

Kya kare bhai reality yhi h, new and small business h that's why asking. Better safe than sorry. Apna mehnat ka hi acha, kaala peela dhan nhi chahiye.
Btw answer toh dedo koi query ka😅

Self account transfers dont count and are not reported. Cash however will be reported on 5L and above. (As per a convo with SBI BM, do correct me if I am wrong) but again if your source is legit you shouldnt care about anything.

 

[dvader]

Hey can someone confirm if the DEMAT account AMC waived with ICICI wealth account or not?

 

[eve]

Hey can someone confirm if the DEMAT account AMC waived with ICICI wealth account or not?

Same question, following. Also how do we link the ICICI Direct Demat account with Wealth Management ?

 

[Deleted member 11974]

Same question, following. Also how do we link the ICICI Direct Demat account with Wealth Management ?

it gets auto linked i guess

 

[Deleted member 11974]

Hey can someone confirm if the DEMAT account AMC waived with ICICI wealth account or not?

i guess it does
i have had holdings above 50k in icici sec but have never been charged amc

 

[shann9999]

Now Free cibil reports in internet banking enabled (previously iMobile only).

 

[SSV]

Now Free cibil reports in internet banking enabled (previously iMobile only).

View attachment 32514

Been there for quite a sometime but it takes sometime for a newly onboarded WM customer

 

[thanix]

Now Free cibil reports in internet banking enabled (previously iMobile only).

View attachment 32514

It was there in netbanking for more than a year. I use it regularly.

 

[dvader]

It was there in netbanking for more than a year. I use it regularly.

Yes, but for new WM Customers app shows free CIBIL from the get-go but net banking takes a good 15-30 days to show free CIBIL reports.

 

[D₹V]

1l ka cheque dene se koi Income tax problem toh nhi hogi naa, if we don't file ITR yet?
@saucy
@pprakash11
@Chaitanya-a
@0xfallup
@Patil007
@D₹V
TIA

Hope you got answers!

Was inactive though.

 

[Venky]

Has anyone been downgraded? I just moved funds 2 weeks ago got this mail.

 

[SSV]

Has anyone been downgraded? I just moved funds 2 weeks ago got this mail.


View attachment 33745

I haven't read any downgrade yet here in this forum..

How much you were maintaining before and how much you moved out recently..

BTW , my TRV is well above the required threshold..of 25L

 

[Venky]

I haven't read any downgrade yet here in this forum..

How much you were maintaining before and how much you moved out recently..

BTW , my TRV is well above the required threshold..of 25L

Just above 5 lakhs on my saving. Current account they can’t link they said. I moved around 3 lakhs.

 

[D₹V]

Has anyone been downgraded? I just moved funds 2 weeks ago got this mail.


View attachment 33745

It'll be converted to 25k mab account if not maintained.

Just maintain atleast 25k for any consequences or move on.

 

[Venky]

It'll be converted to 25k mab account if not maintained.

Just maintain atleast 25k for any consequences or move on.

🤷‍♂️ not nice man, but okay.

 

[SSV]

Just above 5 lakhs on my saving. Current account they can’t link they said. I moved around 3 lakhs.

Okay got it..
I think they have started the first round of culling..
So we will know the result after end of November only.. Maintain back the balance you were having and see what happens