• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Icici zero balance account?

In my area, icici local branch offers 0 balance account with just 1lakh initial funding.You may bargain to reduce the initial funding to 50k only.As per branch employee the account variant is HPMGT.
 
Thanks for updating, Commitment is verbal or on Mail 📬?
on verbal.As per as I know the account variant I mentioned is a zero balance account with benefits like HNI banking ac variant(0 debit card charges,0 sms charges etc).The problem is ICICI branch employees demand big initial funding.If you offer anything below 50k as initial funding, they will simply deny opening your account.
 
on verbal.As per as I know the account variant I mentioned is a zero balance account with benefits like HNI banking ac variant(0 debit card charges,0 sms charges etc).The problem is ICICI branch employees demand big initial funding.If you offer anything below 50k as initial funding, they will simply deny opening your account.
Yes today I went there branch they asked atleast 1 L funding. Instead I opened my account in HDFC and Axis.
 
Help me understand this as I was also planning to open a basic savings account in ICICI for potentially getting pre-approved CC offers and also to get higher chance of Apay ICICI approval.

1. Can you not open a savings account that requires 10k MAB?
2. Is it necessary to do the 1L initial funding?
3. After the 1L initial funding does the account MAB requirement become 0?
4. Once account is opened can I immediately withdraw the entire amount if the MAB is 0?

Thanks
 
Help me understand this as I was also planning to open a basic savings account in ICICI for potentially getting pre-approved CC offers and also to get higher chance of Apay ICICI approval.

1. Can you not open a savings account that requires 10k MAB?
2. Is it necessary to do the 1L initial funding?
3. After the 1L initial funding does the account MAB requirement become 0?
4. Once account is opened can I immediately withdraw the entire amount if the MAB is 0?

Thanks
They say it's mandatory to do 1L initial funding and account will become 0 MAB and can withdraw anytime. And if you want to open BSBDA they generally deny it because they don't get any benefit from that account so in this case you can take RBI help is their complaint portal if the bank deny to open that account.

I hope this helps
 
This is normal 10k mab saving ac. Which is offered by icici on 95k initial funding online. It written in net banking dat its 0 mab ac.
I dont even use dis ac. N no balance in dis ac
Is it permanently 0MAB? How long have you had the 0MAB account for?
They say it's mandatory to do 1L initial funding and account will become 0 MAB and can withdraw anytime. And if you want to open BSBDA they generally deny it because they don't get any benefit from that account so in this case you can take RBI help is their complaint portal if the bank deny to open that account.

I hope this helps
I vaguely remember reading somewhere that the account becoming 0 MAB on 1L funding is temporary for about 3~6months after that you have to maintain some MAB.

The "10k MAB account" and "0 MAB account on 1L funding" should be separate types of accounts right? They shouldnt refuse the 10k MAB account option. I wonder if you can mail a complaint to the PNO?
 
Is it permanently 0MAB? How long have you had the 0MAB account for?

I vaguely remember reading somewhere that the account becoming 0 MAB on 1L funding is temporary for about 3~6months after that you have to maintain some MAB.

The "10k MAB account" and "0 MAB account on 1L funding" should be separate types of accounts right? They shouldnt refuse the 10k MAB account option. I wonder if you can mail a complaint to the PNO?
They say regular savings not opening you can open this account(they didn't tell me variant name) with 1L funding with cheque only and it becomes MAB becomes 0 but they said I have to do 30-40k transaction every month. I visited two branches and they said the same thing and doesn't clearify. I think you should open account in another bank.
Tell me your requirement and I will try to suggest you some good accounts.
 
In icici bank you can open BSBDA account but you have to fight for that, need of patience with you, and strong with your decision if okay then you can open bsbda zero balance account in icici bank.
1. With your PAN other banks BSBDA account doesn't exists then proceed.
2. With icici bank no past or currently account any wallets / savings, FD's, etc.
3. You have to go to icici branch for account Opening
4. Directly contacted to DBM or BM for BSBDA Savings account.

If you happy with my resolution please mark my thread as a solution
 
Is it permanently 0MAB? How long have you had the 0MAB account for?

I vaguely remember reading somewhere that the account becoming 0 MAB on 1L funding is temporary for about 3~6months after that you have to maintain some MAB.

The "10k MAB account" and "0 MAB account on 1L funding" should be separate types of accounts right? They shouldnt refuse the 10k MAB account option. I wonder if you can mail a complaint to the PNO?

It is permanent 0 mab. Ac variant is different from regular 10k mab ac. I hv already confirmed. Bt it is discontinued now.
 
I
Yes only offline available
IF u want an ac for pre approved card offer den u cn open any ac n close it after u get pre approved offer. In dis case u may or may nt get offer.
2nd option take FD based platinum card on 50k fd n after 2-3 month apply for apay card from Amazon. U will get approval as u r already having a card den close platinum card n FD. Ur problem solved. Its sure shot.
 
Back
Top