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.

 

[Vasuki]

For my case 6 months ago they opened Aspire with 1L IP in a recently opened branch.
BM and RM visited my home to open the account(branch is like 30kms away).
No other rbl branches nearby.

With 1L IP they said account will be zero balance but try to keep some 10k mab.
So far no issues. Surprisingly no pestering from BM or RM for investments.
I keep around 5-10k and have 50k in FD at 8%.

Same story with ICICI as well, opened wealth with 1L IP.
Not maintaining any wealth TRV.
Just regular SIP transactions.
BM occasionally calls for keeping some amount in Acc for few days.

All depends on the branch and their targets.
My place is sub-urban near tier 3 city.

Did u got any offer?
Cc
Loan etc .
Update us the real deal 😂

 

[hks789]

Did u got any offer?
Cc
Loan etc .
Update us the real deal 😂

I have already posted the Sapphiro story.
Opening wealth acc was an experiment to get Sapphiro without any salary relationship(their list companies) or Alumni offer.
Got Sapphiro LTF pre approved after 7 months.
(NB: I had an old apay card with 7L which I closed for this exp)


Regarding loan offers, I have been getting them from first week itself to port and top up my existing lap. Also great amounts for personal and vehicle loans.

 

[Vasuki]

I have already posted the Sapphiro story.
Opening wealth acc was an experiment to get Sapphiro without any salary relationship(their list companies) or Alumni offer.
Got Sapphiro LTF pre approved after 7 months.
(NB: I had an old apay card with 7L which I closed for this exp)


Regarding loan offers I have been getting them from first week itself to port and top up my existing lap. Also great amounts for personal and vehicle loans.

In icici ?
I have no icici card . I will ask my branch .
Else move it & ask in gurugram

 

[hks789]

In icici ?
I have no icici card . I will ask my branch .
Else move it & ask in gurugram

Yes. For ICICI one used to get Sapphiro LTF pre approved with a wealth acc.
Had to negotiate a lot with many branches to get that done with 1L IP.
Try and see your luck.
Many in this forum has opened it with 1L IP.

Not sure if recent downgrades of wealth acc have any impact on new accounts.

 

[Vasuki]

Yes. For ICICI one used to get Sapphiro LTF pre approved with a wealth acc.
Had to negotiate a lot with many branches to get that done with 1L IP.
Try and see your luck.
Many in this forum has opened it with 1L IP.

Not sure if recent downgrades of wealth acc have any impact on new accounts.

This wealth account hen should hatch one golden egg in 6 month
I guess for new account 2 quater u can easily pass 😂

 

[sushant4]

Yes. For ICICI one used to get Sapphiro LTF pre approved with a wealth acc.
Had to negotiate a lot with many branches to get that done with 1L IP.
Try and see your luck.
Many in this forum has opened it with 1L IP.

Not sure if recent downgrades of wealth acc have any impact on new accounts.

Hi, can you suggest on how to proceed in maintaining the balance, and try and get sapphiro LTF as soon as possible. Right now, I have coral, and apay cards with around 3L limit.

 

[sushant4]

It will.be linked to old cust I'd automatically.
They start the process when you deposit the initial funding.
Use icici imobile app - you will see the change in a week or two. Black theme, "my portfolio" would be the first option etc.
Rest you can update from net-banking later

credit card - you can try for sapphiro. Rubyx would most likely be offered pre-approved in 3-6 months

I just wanted to know this thing, since wealth management is giving such features like free imps and cibil access.
So here the wealth management means the segment of the account, or a person having wealth management bank account?
Since wealth management status can be gained with higher credit limits too, so with that status gained through credit limits do we get such features or we need wealth bank account with the status to enjoy this features?

 

[panu24]

I just wanted to know this thing, since wealth management is giving such features like free imps and cibil access.
So here the wealth management means the segment of the account, or a person having wealth management bank account?
Since wealth management status can be gained with higher credit limits too, so with that status gained through credit limits do we get such features or we need wealth bank account with the status to enjoy this features?

Free cibil access has stopped since sometime and i don't think it will come back. After all icici has to pay to cibil organization for every free cibil report we used to download freely.

 

[hks789]

Hi, can you suggest on how to proceed in maintaining the balance, and try and get sapphiro LTF as soon as possible. Right now, I have coral, and apay cards with around 3L

This is what I did. Would take lot of time and patience. FYI Sapphiro is not really worth the effort.

Post in thread 'ICICI Coral upgrade to Sapphiro' https://www.technofino.in/community/threads/icici-coral-upgrade-to-sapphiro.20171/post-471500

 

[saucy]

I just wanted to know this thing, since wealth management is giving such features like free imps and cibil access.
So here the wealth management means the segment of the account, or a person having wealth management bank account?
Since wealth management status can be gained with higher credit limits too, so with that status gained through credit limits do we get such features or we need wealth bank account with the status to enjoy this features?

It's sort of like a category of customer. You the customer will become a WM customer, and would get services accordingly

Some people have gotten it via higher credit limit. I for one, didn't get it at 6.5L limit. So not sure

 

[panu24]

Email regarding ICICI Wealth Management Downgrade | DesiDime

Email regarding ICICI Wealth Management Downgrade at Others. -- Created at 24/10/2023, 24 Replies - Finance -- India's Fastest growing Online Shopping Community to find Hottest deals, Coupon codes and Freebies.

www.desidime.com

Guys, your thoughts on this?
A person has received an email stating that their account will be downgraded if it is not having sufficient balance.

You better read this thread last 10-15 pages at least. People here already got emails and some already got their account downgraded.
also, I do not understand why reference of DD you have given here.

 

[RKC]

Recently I have read in some other forums, Google maps reviews of my local branch, complaints on ICICI FB page -> that ICICI is now allowing opening of min. 50K MAB accounts only ? Anybody who recently opened ICICI account offline /experienced this within the past 2-3 months ?

Happened the same with me, well not entirely same but they've asked me to fund 50k to open general 10k mad savings account, had to fight 2 hours to bring them down to senses

 

[smz]

Happened the same with me, well not entirely same but they've asked me to fund 50k to open general 10k mad savings account, had to fight 2 hours to bring them down to senses

Ok. Once after opening account check and inform the MAB required showing in MB/NB ?
also which city/town ?
I'm in Bangalore

 

[avishj]

What is the update now? In Jan 2024?
I visited the ICICI Wealth Management branch and they asked me for a cheque of 5 lakhs and they said I can remove the money after 2 to 3 days.

Going as normal, don't maintain any balance, just add money in to pay off my CC's once a month.

 

[RKC]

Ok. Once after opening account check and inform the MAB required showing in MB/NB ?
also which city/town ?
I'm in Bangalore

Required Mab is showing as 10k as usual, the city is Guntur Andra Pradesh

 

[pratyushpanda]

Bhailog ye wealth me 10k mab dikha rha hai, ye kab hua 🥲

 

[TheTrickySid]

Bhailog ye wealth me 10k mab dikha rha hai, ye kab hua 🥲

Ek baar mail check kar lo December me downgrade ka mail aya tha

 

[_ayush]

I am still getting wealth management UI on imobile and netbanking even though my account got downgraded to privilege(as per customer care and RM). Any reason for that? The downgrade happened couple of weeks ago.

 

[kochiro]

Any update on wealth dc charges for downgraded account?

 

[anotheruser]

I am still getting wealth management UI on imobile and netbanking even though my account got downgraded to privilege(as per customer care and RM). Any reason for that? The downgrade happened couple of weeks ago.

When you called customer care, did it said "welcome to wealth management" or was it normal one.