IDFC First Wealth Account eligibility requirement and benefits

[Quantum]

Hello,

IDFC website doesn't seem to list the eligibility criteria for opening an IDFC First Wealth Account.
From your recent first hand experience, could you please share the eligibility criteria?
Does the criteria need to be maintained throughout the lifetime of the Wealth account, similar to Axis Burgundy account, to avoid account downgrade?
Also, what credit cards one can expect or negotiate to get offered?
FYI, I'm not an existing IDFC customer.
Thanks!

 

[SSV]

Hmmmm, I do have 10L liquid to try this. @S S V Are you sure this new upgraded one is 0MAB?

I know someone will ask this question, and hence documented the ss of 0 MAB .. see in one of my posts..

 

[vaibhav111vaibhav111 is verified member.]

Hmmmm, I do have 10L liquid to try this. @S S V Are you sure this new upgraded one is 0MAB?

Yes go for it, the whatsapp one is zero mab. I have zero mab from last 9 to 11 months so go for it. And then you can follow footstep of ssv and upgrade to wealth if you want to.

 

[aayusharyan]

Yes go for it, the whatsapp one is zero mab

Okay, applying through the link.

 

[varun__goel_]

Okay, applying through the link.

Remember to choose 10k account only. One guy here chose 25k variant and then complaining about the same

 

[SSV]

Okay, applying through the link.

like this ..

 

[aayusharyan]

Okay, applying through the link.

Moye moye....

 

[varun__goel_]

Moye moye....
View attachment 40406

Use mobile no linked to aadhar, and after acc is opened change the no via app.

 

[aayusharyan]

Use mobile no linked to aadhar, and after acc is opened change the no via app.

I don't think it will have that 0 MAB offer, anyway, I will try once.

 

[varun__goel_]

I don't think it will have that 0 MAB offer, anyway, I will try once.

Offer is linked to pan I guess

 

[SSV]

I don't think it will have that 0 MAB offer, anyway, I will try once.

It will, go thru the same link and see if you get that 0, 10k

 

[aayusharyan]

It will, go thru the same link and see if you get that 0, 10k

Yep, able to create through another phone number. Automatically linked to App (I think maybe PAN). Showing SB account.
However, not able to complete the VKYC, keeps showing Internet Error. I think maybe bank verification persons are not available, so this error is coming, will try tmr.
Once done, will proceed with steps to upgrade to Wealth.

 

[SSV]

Yep, able to create through another phone number. Automatically linked to App (I think maybe PAN). Showing SB account.
However, not able to complete the VKYC, keeps showing Internet Error. I think maybe bank verification persons are not available, so this error is coming, will try tmr.
Once done, will proceed with steps to upgrade to Wealth.

Yes because of non availability of VKYC personnel..
Did you get 0 10K

 

[aayusharyan]

Yes because of non availability of VKYC personnel..
Did you get 0 10K

Yes, is this offer not for everyone?

 

[SSV]

Yes, is this offer not for everyone?

View attachment 40421

no not for everyone... Its a customised link sent to targeted customers...

 

[varun__goel_]

Yes, is this offer not for everyone?

View attachment 40421

Only for existing customers having cc or loan

 

[aayusharyan]

Well then, I guess I am in the club then, lol. @varun__goel_ @S S V

 

[SSV]

Well then, I guess I am in the club then, lol. @varun__goel_ @S S V

To start with you got a 0 MAB SB account.. so you can't lose anything...
Now, get that Wealth program, then you get a decent DC.. case closed...

 

[curios_mind_huh]

Do any of you guys have contacts of RMs who upgraded your Savings Account to First Wealth? I'm maintaining 10.5L as MAB for the past 40 days to initiate the process. I called in my home branch manager who said that he'll initiate the process after 3 months of 10L MAB. When I inquired with Hyderabad branch, they initially came up with an absurd number like 25L MAB and 3L salary account with them. Later found a First Wealth manager who agreed to initiate the process, but he's been ghosting me for the past week.

Tried contacting my VRM as well, She said the same 3 months 10L MAB as well. Is there a way out of this?

 

[quino]

Do any of you guys have contacts of RMs who upgraded your Savings Account to First Wealth? I'm maintaining 10.5L as MAB for the past 40 days to initiate the process. I called in my home branch manager who said that he'll initiate the process after 3 months of 10L MAB. When I inquired with Hyderabad branch, they initially came up with an absurd number like 25L MAB and 3L salary account with them. Later found a First Wealth manager who agreed to initiate the process, but he's been ghosting me for the past week.

Tried contacting my VRM as well, She said the same 3 months 10L MAB as well. Is there a way out of this?

rather than upgrading an existing acc, tell the branches (other than your home branch), that you'll open a new account with them. and how soon can you upgrade it to wealth? that'll incentivize them. otherwise 3 months will be a common answer.

 

[2sqrd]

To start with you got a 0 MAB SB account.. so you can't lose anything...
Now, get that Wealth program, then you get a decent DC.. case closed...

@S S V Does the page show 0 MAB after you enter all the details? When I click on the WhatsApp link, this is what I see.