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

IDFC First Wealth Account Eligibility Requirement and Benefits - Discussion

Apply For Lifetime Free IDFC First Credit Card
Raghav2006 said:
Can anyone please tell me that getting IDFC select on 10k base account possible?
Should I go to the bank and negotiate for IP?
And once my account is upgraded, can I safely take out all the IP except 10k?
Is it a loophole or it is the rule?

Please let me know, as I am looking to open one.
Thank you
Click to expand...
You can get. There will be no issues. I got wealth on 10k. But since I was already holding account I loaded 10L funds during the end of the month and next month directly called customer care to arrange call back from my branch regarding wealth programme upgradation. Received the call and it got upgraded.
 
Apply For LTF AU LIT Credit Card
sam1803 said:
You can get. There will be no issues. I got wealth on 10k. But since I was already holding account I loaded 10L funds during the end of the month and next month directly called customer care to arrange call back from my branch regarding wealth programme upgradation. Received the call and it got upgraded.
Click to expand...
Got it, so the crux is I should visit the branch to negotiate and transfer funds.
And I should ask for a 10k base account.
How much time should I expect this upgrade to take? After which I can take out the money.

2nd, what's the difference in wealth and select?
And if I add my family members later by opening their separate 10k account, would they still need to maintain 10k?, so I can alone maintain it and they get free select/wealth benefits?.

Please let me know, thank you.
 
Raghav2006 said:
Got it, so the crux is I should visit the branch to negotiate and transfer funds.
And I should ask for a 10k base account.
How much time should I expect this upgrade to take? After which I can take out the money.

2nd, what's the difference in wealth and select?
And if I add my family members later by opening their separate 10k account, would they still need to maintain 10k?, so I can alone maintain it and they get free select/wealth benefits?.

Please let me know, thank you.
Click to expand...
For taking out the money, I don't have any answer to that since I had some expenses coming in November I let it there in the account as IDFC was giving good interest.

The difference between wealth and select is in the benefits only like lounge, locker, debit reward points etc. For this you can also look on the website directly under respective programs.

I have not added my family members yet.
 
sam1803 said:
For taking out the money, I don't have any answer to that since I had some expenses coming in November I let it there in the account as IDFC was giving good interest.

The difference between wealth and select is in the benefits only like lounge, locker, debit reward points etc. For this you can also look on the website directly under respective programs.

I have not added my family members yet.
Click to expand...
Got it sir.
 
SSV said:
Guys, the proceedings that happened after opening my 0 MAB IDFC SB account yesterday ( i.e. less than 24 hours of account opening).

1) Called IDFC CC and asked someone from my local branch to contact me regarding Welath program. Immediately one bloke called me and asked me fund 10L and after the end of this month he will start processing my Wealth Request. Somehow, I didn't like his voice.. thats me..

2) After a couple of hours I saw a Virtual RM (VRM) was assigned to my account.. I asked him to call me..

3) My VRM called me and he also insisted me for IP of 10L.. but he promised he would kickstart my Wealth upgrade immediately.

4) I funded my IDFC account this morning with 10L

5) He sent me an OTP to provide my consent and the welath upgrade request has now been processed and I will receive my Wealth Kit in 7 working days.
Note: my general sb kit is also not processed yet.. so Wealth kit will now be processed..


So, in a nutshell, On-boarding into IDFC Wealth is pretty seemless. and the net result is:

I got IDFC 0 MAB Wealth Account in under 24 hours of account opening with 10L IP,
without visiting any branch or no-one visiting my home , all done thru a few phonce calls...
This is what I call a True seemless Banking on-boarding process to a HNI Program ...
A Stunning on-boarding expereince to Wealth program ..

Thanks guys for all your inputs..

View attachment 40363

View attachment 40374



View attachment 40362
Click to expand...
Bro, can we open another account with 10L despite having a 25k account with IDFC for Wealth.??
 
Mayurk said:
Bro, can we open another account with 10L despite having a 25k account with IDFC for Wealth.??
Click to expand...
I dont know if we can have 2 SB acccounts in IDFC, only some banks allow this, while some don't.

If anyone had opened 2 IDFC SB accounts , they will pitch in here..
 
My IDFC account is a select variant and I have 10000 DC points balance not redeem yet. My Question is

1. ) If I raise a request for an account upgrade to the Wealth variant then will my existing rewards points expire or not?

2. ) I do not receive RP after 3rd Nov for some transactions. will it be credited if my account is upgraded to Wealth? can I be eligible to raise a manual request for those transactions which was done by select debit card after the account upgrade?

Thanks
 
I have a IDFC wealth account. I want to open another acc under my brothers or my GF name. Can they also get wealth account coz of me, and if yes, how ?
 
Sobirvs said:
Hmm, how do I go about family banking program?
Click to expand...
Rm can help you
Just open ur brother account normally and rm can link it to ur wealth under family banking.

Note - if u use rm referal code to open ur brother account. Then ur rm Will help u in excellent manner.
U dont have to visit branch. Just open ur brother account online and call rm
 
Sobirvs said:
Hmm, how do I go about family banking program?
Click to expand...
Visit branch or call your RM and say you want to add your brother as joint holder to your account. No need to open a separate account for your brother. After he is added as joint holder, tell them to convert your brother's customer id to wealth. Your brother will get wealth DC aall the things that you have got without the need for a separate account.
As for your GF, you need to convert her to wife first.
 
ontherocks said:
Visit branch or call your RM and say you want to add your brother as joint holder to your account. No need to open a separate account for your brother. After he is added as joint holder, tell them to convert your brother's customer id to wealth. Your brother will get wealth DC aall the things that you have got without the need for a separate account.
As for your GF, you need to convert her to wife first.
Click to expand...

Lol, btw I want me and my brother to have separate accounts. I don't want him to see my trxns and vice versa.
 
Sobirvs said:
Lol, btw I want me and my brother to have separate accounts. I don't want him to see my trxns and vice versa.
Click to expand...
In that case open 10K MAB savings account online for your brother and then tell RM to add your brother to your wealth group ID. If you open via branch, they will open 25K MAB savings account.
You can also open 0 MAB savings account via Wealth credit card method.
 
Apply For LTF HDFC Swiggy Credit Card
ontherocks said:
You can also open 0 MAB savings account via Wealth credit card method.
Click to expand...
even though I've Wealth banking but I also hold Wealth credit card ... so, just in case, in future I let go of Wealth banking status because of downgrade ... I'm curious to know how to get Wealth banking for those who already hold Wealth CC ... this sounds similar to what IndusInd Bank offers with Legend and Pinnacle CCs
 
You must log in or register to reply here.
Back
Top