IDFC first select banking program

[Harsha2000]

I have the required 3 lakhs in my idfc acct but according to bank manager, associates and tele banking officer still there is no option to upgrade I need to maintain the balance for 3 months when I will be able to apply for the upgrade. Can anybody confirm this? Is this true and according to them as I have a account in rural branch I can't upgrade but they also say that they don't have the home branch concept. They are sending multiple messages across. Does anyone agree and by the way if anyone is using this account I would like to know the response and service of the staff and their knowledge ?

 

[TheTrickySid]

Surprise Surprise ... My mother got a call from her RM today that her account is being upgraded to Select Banking Program. Her account is less than a year old, AMB around 50k.

Guess who's furious... Her son (me) ... 😂

I have a 2 year old account in IDFC ... AMB in much higher multiples than her, should've qualified to Select automatically as per their existing requirement anyways.

But I haven't received any upgrade.

Called my RM, gave him an earful. Poor chap had to hear a rant due to IDFCs shitty non-transparent policies.
First the Debit card fee policy, and now this. He asked for my mother's account details and confirmed that she's eligible, and was as surprised as me.
Lets see what he comes back with. He has asked for 1-2 day time as he needs to get approvals from the concerned teams and then inform the backend team to make me eligible for the upgrade.

Utha le re deva utha le
Mereko nahi is IDFC bank ko utha le
😢

 

[SC_23]

Surprise Surprise ... My mother got a call from her RM today that her account is being upgraded to Select Banking Program. Her account is less than a year old, AMB around 50k.

Guess who's furious... Her son (me) ... 😂

I have a 2 year old account in IDFC ... AMB in much higher multiples than her, should've qualified to Select automatically as per their existing requirement anyways.

But I haven't received any upgrade.

Called my RM, gave him an earful. Poor chap had to hear a rant due to IDFCs shitty non-transparent policies.
First the Debit card fee policy, and now this. He asked for my mother's account details and confirmed that she's eligible, and was as surprised as me.
Lets see what he comes back with. He has asked for 1-2 day time as he needs to get approvals from the concerned teams and then inform the backend team to make me eligible for the upgrade.

I was watching one video and people claimed that they got Select / Wealth program on 10k mab with only maintaining around mab , I called bs that time but looks like it just random dice roll 😂

 

[hriday.haria]

I was watching one video and people claimed that they got Select / Wealth program on 10k mab with only maintaining around mab , I called bs that time but looks like it just random dice roll 😂

Yes. I too did not believe it back then, but now there are enough evidences (and personal experience) that it is just random.

 

[Souvik]

I will tell share my experience today, I received a call from Wealth RM/BM, IDFC Bank (Kasba branch, Kolkata) and she said that I will be getting a SMS and I need to click on the link there and I would be enrolled onto family/privilege banking. Initially I opened a normal 25k MAB account in IDFC, then funded it further for Wealth eligibility.

The SMS was manually generated by bank persons, as they knew I will be getting a SMS and called me up at the same time, I checked the sender and then clicked on the link to have the T&C's defined before the upgrade. I had to tick and submit. The RM/BM said that the rest of the proceedings to upgrade my account to Wealth would be taken care of.

Just a few hours after that my 25k account personal banker called me up to explain some shit investments with 6.5% IRR 😀 . I politely deferred it for next month till I get my account upgraded.

So the morale is apart from automatic upgrades it can also be done manually if your BM/RM wants to.

 

[raghavx]

no... you have to visit branch and submit docs. but you can call your rm and get it done

Had a call with them, they told me that you can only have the salary account if your company has a tie up with them.

 

[TechnoFinoTechnoFino is verified member.]

Had a call with them, they told me that you can only have the salary account if your company has a tie up with them.

yes, that's true

 

[brahmin_baniya]

Just got upgraded to select ,needed wealth


New welcome kit only gets you a new debit card and a cheque book.

Imho the older cheque book and debit card looked way better

 

[Fplaystore99]

I will tell share my experience today, I received a call from Wealth RM/BM, IDFC Bank (Kasba branch, Kolkata) and she said that I will be getting a SMS and I need to click on the link there and I would be enrolled onto family/privilege banking. Initially I opened a normal 25k MAB account in IDFC, then funded it further for Wealth eligibility.

The SMS was manually generated by bank persons, as they knew I will be getting a SMS and called me up at the same time, I checked the sender and then clicked on the link to have the T&C's defined before the upgrade. I had to tick and submit. The RM/BM said that the rest of the proceedings to upgrade my account to Wealth would be taken care of.

Just a few hours after that my 25k account personal banker called me up to explain some shit investments with 6.5% IRR 😀 . I politely deferred it for next month till I get my account upgraded.

So the morale is apart from automatic upgrades it can also be done manually if your BM/RM wants to.

Is you account upgraded?

 

[Vinay Kumar Manchiganti]

Just got upgraded to select ,needed wealth


New welcome kit only gets you a new debit card and a cheque book.

Imho the older cheque book and debit card looked way better
View attachment 3482

How many days it took deliver new kit from the day of receiving call from RM for upgradation?

 

[Fplaystore99]

How many days it took deliver new kit from the day of receiving call from RM for upgradation?

Have you also received call from rm for upgrade?

 

[Vinay Kumar Manchiganti]

Have you also received call from rm for upgrade?

Yes I received call from IDFC bank. She introduced herself and said she'll be my RM from now.

 

[brahmin_baniya]

How many days it took deliver new kit from the day of receiving call from RM for upgradation?

I got no call, neither did i tell them to upgrade my account ,got a message from the bank that kit has been dispached and 2 days later i got the new cheque book and debit card.

 

[Vinay Kumar Manchiganti]

I got no call, neither did i tell them to upgrade my account ,got a message from the bank that kit has been dispached and 2 days later i got the new cheque book and debit card.

Ohh Nice

I didn't receive any message about dispatch of card, but I can see my card in application.

 

[Rahul92]

For upgrades , only account balance is considered or they include FD too ?

 

[brahmin_baniya]

I think they will include Fd as well but i should have been qualified for wealth banking and not select easily with the type of balance i maintain

 

[Rahul92]

I think they will include Fd as well but i should have been qualified for wealth banking and not select easily with the type of balance i maintain

Do you have to apply / contact branch to upgrade or it comes as pre approved offer ?

 

[Chaitanya-a]

Ohh Nice

I didn't receive any message about dispatch of card, but I can see my card in application.

I was upgraded to Select 2 weeks ago. Still its showing basic Platinum DC. How long it takes to get new kit delivered?

 

[brahmin_baniya]

Do you have to apply / contact branch to upgrade or it comes as pre approved offer ?

Pre approved

 

[raghavx]

Do you have to apply / contact branch to upgrade or it comes as pre approved offer ?

contact them

 

[raghavx]

I was upgraded to Select 2 weeks ago. Still its showing basic Platinum DC. How long it takes to get new kit delivered?

Mine took almost a month for it to get delivered.