IDFC First Bank Select Vs Wealth Vs Private Requirements - Disucssion

[Dragon_slayer]

Upgrade from Wealth to Private with NRV of around 1.5Cr in CASA for over a year was refused citing investment of 50L is mandatory for upgrade to Private!
I am not sure if upgrade is worth the requirement.

Upgrade is particularly difficult in Bengaluru

Ask them for account closing process, that might put them on right track ?

 

[Infinite]

Ask them for account closing process, that might put them on right track ?

Account got closed in 5 minutes!

Details here:

I

Thread '(repost) IDFC First Bank SB - India's fastest account closure time!'

Feb 14, 2025

Reposting as somone flagged the Salesforce link (site . com) shared by the bank in the previous thread

I decided to close my IDFC Wealth account after a series of bad experiences.

Here are a few things that I discovered:

- unlike most banks in India, branch visit is not necessary

- account was closed with an online link (salesforce site. com) shared by the bank

- entered beneficiary account was verified for funds transfer by NEFT

- the entire process took less than 5 minutes

Truly incredible

if only the products from the bank were as incredible

I am particularly disaapointed with...

• Infinite
• account idfc idfc first idfc first bank link
• Replies: 2
• Forum: Bank Account

• 

 

[Dragon_slayer]

Account got closed in 5 minutes!

Details here:

I

Thread '(repost) IDFC First Bank SB - India's fastest account closure time!'

Feb 14, 2025

Reposting as somone flagged the Salesforce link (site . com) shared by the bank in the previous thread

I decided to close my IDFC Wealth account after a series of bad experiences.

Here are a few things that I discovered:

- unlike most banks in India, branch visit is not necessary

- account was closed with an online link (salesforce site. com) shared by the bank

- entered beneficiary account was verified for funds transfer by NEFT

- the entire process took less than 5 minutes

Truly incredible

if only the products from the bank were as incredible

I am particularly disaapointed with...

• Infinite
• account idfc idfc first idfc first bank link
• Replies: 2
• Forum: Bank Account

• 

W o W

 

[Sumedh03]

So I tried to open Select account by giving 3L IP but they tried and couldn't open Select account as I'm already a CC holder and have Customer ID.
They said that have raised the request to upgrade to select online and will be upgraded to select in 4-5 days. I have a few questions:

1. I opened 25k account and want to degrade my account to 10k variant after getting select ( Can I do it or not ?)
2. Will downgrading my account variant cancel the select status and select DC?
3. How to check service requests for select upgrade on app or net banking?

 

[vchouksey80]

IDFC Wealth salary account was offered to me if I open it with initial funding of 12lac.

Is it a good choice?

Currently I hold salary account from HDFC Imperia variant but closing it as they didn't deliver their promises at the time of account opening.

Previously I had 9 years of association with ICICI but they are very bad to offer LTF credit cards except Coral. That's why moved to HDFC 8 months back

 

[BVCBVC is verified member.]

IDFC Wealth salary account was offered to me if I open it with initial funding of 12lac.

If your salary is more than 3L no need for 12L IP for wealth AFAIK

Is it a good choice?

Currently I hold salary account from HDFC Imperia variant but closing it as they didn't deliver their promises at the time of account opening.

What promises were made and what didn't they do? Is this regarding CC??

Previously I had 9 years of association with ICICI but they are very bad to offer LTF credit cards except Coral. That's why moved to HDFC 8 months back

This is ICICI high time

 

[sambitpatro]

IDFC Wealth salary account was offered to me if I open it with initial funding of 12lac.

Is it a good choice?

Currently I hold salary account from HDFC Imperia variant but closing it as they didn't deliver their promises at the time of account opening.

Previously I had 9 years of association with ICICI but they are very bad to offer LTF credit cards except Coral. That's why moved to HDFC 8 months back

Wealth account can be opened with initial funding of as low as 5l. Check in other cities

 

[vchouksey80]

If your salary is more than 3L no need for 12L IP for wealth AFAIK

Mine is roughly 2.4 lac after tds, insurance, pf, nps deduction that's why they said for IP

What promises were made and what didn't they do? Is this regarding CC??

This is ICICI high time

I spoke to ICICI people in office today itself that I want to come back would you offer any premium CC like Emerald or Times Black they said No.

I'm already having coral CC almost 7 years age with 20lac limit

HDFC people promise to give me OTT subscription in first month salary credit, 1k AGV on second salary credit and 2 PVR tickets on 3rd month salary credit, they gave first one but rest of the 2 they didn't given.

The reason, I was laid off in second month end and in next month I got new job so as per them I'm not eligible. They designed a product not inline to labour practices by employers. Cherry on top they denied any LTF CC like regalia, DCB or Infinia although I'm holding imperia status and my net salary credit is 2lac plus and having 15lac in account and my employer is one of preferred.

So no point to stay with HDFC.

 

[vchouksey80]

Wealth account can be opened with initial funding of as low as 5l. Check in other cities

Yeh Pune Wale toh mana kar gaye, bole 12 lac chahiye initial funding

 

[BVCBVC is verified member.]

I'm already having coral CC almost 7 years age with 20lac limit

People with 2L credit limit only are getting Times Black in some cases, for 20L CL you should definitely get Times Black. Did you apply??

HDFC people promise to give me OTT subscription in first month salary credit, 1k AGV on second salary credit and 2 PVR tickets on 3rd month salary credit, they gave first one but rest of the 2 they didn't given.

The reason, I was laid off in second month end and in next month I got new job so as per them I'm not eligible. They designed a product not inline to labour practices by employers. Cherry on top they denied any LTF CC like regalia, DCB or Infinia although I'm holding imperia status and my net salary credit is 2lac plus and having 15lac in account and my employer is one of preferred.

So don't you have CC from HDFC even after 8 months?? Strange...

 

[vchouksey80]

People with 2L credit limit only are getting Times Black in some cases, for 20L CL you should definitely get Times Black. Did you apply??

So don't you have CC from HDFC even after 8 months?? Strange...

I have one, Tata Neu Infinity LTF with 7.5lac limit

 

[sathish593]

what are the best places to use select debit card which are giving rewards?

 

[sambitpatro]

Yeh Pune Wale toh mana kar gaye, bole 12 lac chahiye initial funding

Check in tier 2 3 cities...there they open with less IF

 

[sambitpatro]

Mine is roughly 2.4 lac after tds, insurance, pf, nps deduction that's why they said for IP


I spoke to ICICI people in office today itself that I want to come back would you offer any premium CC like Emerald or Times Black they said No.

I'm already having coral CC almost 7 years age with 20lac limit

HDFC people promise to give me OTT subscription in first month salary credit, 1k AGV on second salary credit and 2 PVR tickets on 3rd month salary credit, they gave first one but rest of the 2 they didn't given.

The reason, I was laid off in second month end and in next month I got new job so as per them I'm not eligible. They designed a product not inline to labour practices by employers. Cherry on top they denied any LTF CC like regalia, DCB or Infinia although I'm holding imperia status and my net salary credit is 2lac plus and having 15lac in account and my employer is one of preferred.

So no point to stay with HDFC.

Times black in not an invite only card. U can apply online and if eligible u will get it

 

[Slayer]

Yeh Pune Wale toh mana kar gaye, bole 12 lac chahiye initial funding

I can share you Viman Nagar branch guy he would open with less IF