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.

 

[TheTrickySid]

But you had to open new account rather than depositing that amount in your old account

Who said I deposited in old account.

I opened new account 🙂

 

[jack333]

Did you have any previous icici account or credit card linked to you pan? And how much initial deposit?

 

[TheTrickySid]

Did you have any previous icici account or credit card linked to you pan? And how much initial deposit?

No ICICI Account linked
5L initial funding.

 

[hakunamatata]

Why are people crazy for Sapphiro card?

 

[jack333]

No ICICI Account linked
5L initial funding.

Only icici system knows the true criteria. It still baffles me

 

[jack333]

Why are people crazy for Sapphiro card?

Yes its only visa platinum. Even indusind exclusive debit cards have better benefits

 

[Batmanbaba]

I guess you should wait around 3 4 months before applying for apay.
Let it first reflect it in CIBIL.

Coz I tried applying apay before my ICICI card reflected in CIBIL and I was asked for income docs inspite of being a ICICI card holder.

Ya I will apply in March... My cooling period will get over then..... But luckily I got the civil enquiry removed as icici did for personal loan... They also didn't do any cibil hit for my mine/platinum ltf card

 

[NOOBY]

You might be holding some other icici credit card before opening the wealth account. Moreover this offer does not gets triggered in accounts which are upgraded to wealth. It's only for newly opened accounts for new to bank customers

so having existing relationship (salary account) would prevent from getting Sapphirro LTF in 2-3 months ?

 

[jack333]

Highly unlikely unless you had opened a new account without any prior relationship and salary being more than 2 lakhs

 

[avishj]

RM and BM are just fooling them. For new to bank customers who open wealth account they automatically get Sapphiro LTF from the system in 2-3 months. Told to me by a RM

This is not true, holder of ICICI Wealth for 1.5 years.

 

[codenerd]

No need even for that, I withdrew the entire amount within 5 days. Mostly keep 50-100Rs in that account. Been 1.5 years, never any issue whatsoever.

Whats the name of the account you hold? I will also check. I have a simple savings account since last 4 years with ICICI and am abolsutely fed up with nothing special being offered.

 

[Nemesis]

I enquired today in a Branch in Delhi, they are not ready to open an account with a single penny less than 10L for new account.
For existing, they need 30L as a relationship, which doesn't include your PPF.

Try Noida 18 branch or smaller branch, they offered me new wealth account with 2L/3L cheque. but they also said account might downgrade in long term if NRV not maintained, i said fine...

 

[FinoGuy]

Try Noida 18 branch or smaller branch, they offered me new wealth account with 2L/3L cheque. but they also said account might downgrade in long term if NRV not maintained, i said fine...

That seems regular wealth account. Not 0 bal account. My nearest branch told me she can open wealth account with 1L cheque but have to maintain 1L avg balance. @HyperBeast
@avishj

 

[codenerd]

MAB is Zero. If you negotiate they provide Sapphiro card ltf with wealth ac.

Considering I am an old customer who has a very basic savings account with ICICI and APAY Card with 1 lakh limit, can you tell me the best way to get Wealth Account and if possible Sapphiro also. I am ready to do initial funding also as long as I can withdraw the full amount without penalty! I have zero clues about ICICI wealth account and its actual requirements (ignoring all crap they mention on their website). Please share some ways in which with minimum input I can maximize my output.

 

[codenerd]

I tried to convert savings account to salary through mobile app. There is a dropdown list with all available companies. You can only convert the acc if your company is in that list.

I also get that option but I dont really understand whats the use of it? Any actual benefit?

 

[TheTrickySid]

That seems regular wealth account. Not 0 bal account. My nearest branch told me she can open wealth account with 1L cheque but have to maintain 1L avg balance. @HyperBeast
@avishj

If it's wealth account then it's 0 mab by default.
No need of 1L maintenance

 

[TheTrickySid]

Considering I am an old customer who has a very basic savings account with ICICI and APAY Card with 1 lakh limit, can you tell me the best way to get Wealth Account and if possible Sapphiro also. I am ready to do initial funding also as long as I can withdraw the full amount without penalty! I have zero clues about ICICI wealth account and its actual requirements (ignoring all crap they mention on their website). Please share some ways in which with minimum input I can maximize my output.

You can withdraw the money but you won't get LTF sapphiro without maintaining the nrv.

 

[codenerd]

If it's wealth account then it's 0 mab by default.
No need of 1L maintenance

Any supporting proof so that I can use it to leverage my bank? Do you yourself hold a wealth and maintain 0 MAB?

 

[codenerd]

You can withdraw the money but you won't get LTF sapphiro without maintaining the nrv.

If not the LTF Sapphiro card then what benefit will I get/can get from a Wealth account at ICICI? ANy good card which is LTF (debit/credit)?

 

[TheTrickySid]

Any supporting proof so that I can use it to leverage my bank? Do you yourself hold a wealth and maintain 0 MAB?

Yes I have wealth account
Even though it's zero balance I still maintain some balance.