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!

 

[HumorSimpson]

@vaibhav111 ,
Received welcome benefit of wealth DC first transaction… 8k rewards for 1k / above 1st transaction…


View attachment 43337

9K on Feb 14. I guess it's valentine ♥ date.

 

[prash1161]

@vaibhav111 ,
Received welcome benefit of wealth DC first transaction… 8k rewards for 1k / above 1st transaction…

View attachment 43337

I was having like 3-4l fd and 2-3l in savings of idfc for 4-6 months and 25k mab acc then got a mail somthing about wealth acc and also got rm at that time .

Then they freezed my whole account saying that your transactions are way more and transaction wasn't more like I was breaking and creating fds as per my requirement for money . So it was internal transaction of 20-30l.

Then I downgraded to 10k mab and i am not using it now from 2 months .

So should I ask for wealth acc upgrade?
I have like 2.5l currently

I must say rm is m f he won't help me but he will call me when he wants to introduce to new offers .

 

[SSV]

9K on Feb 14. I guess it's valentine ♥ date.

It is somewhere to get 10%off on 10k…

 

[SSV]

I was having like 3-4l fd and 2-3l in savings of idfc for 4-6 months and 25k mab acc then got a mail somthing about wealth acc and also got rm at that time .

Then they freezed my whole account saying that your transactions are way more and transaction wasn't more like I was breaking and creating fds as per my requirement for money . So it was internal transaction of 20-30l.

Then I downgraded to 10k mab and i am not using it now from 2 months .

So should I ask for wealth acc upgrade?
I have like 2.5l currently

I must say rm is m f he won't help me but he will call me when he wants to introduce to new offers .

No .. you need at least 10L to get wealth offer..
No use in asking your RM

 

[prash1161]

No .. you need at least 10L to get wealth offer..
No use in asking your RM

i got offer from idfc itself
email was like continue using your acc more and that time itself rm was assigned.

 

[SSV]

i got offer from idfc itself
email was like continue using your acc more and that time itself rm was assigned.

Share the email content here ..

 

[prash1161]

Share the email content here ..

wait i need to find that it was 3-4 months ago maybe

 

[prash1161]

Share the email content here ..

Here you go.

 

[prash1161]

Here you go.

i think that was another mail, i m unable to find

 

[TheGuy]

Here you go.

I don't think this is for Wealth (the proper one). This is for Select Wealth Banking. Given at 3L mab, useless acc to me. I had same offer. They also mentioned my MAB in one of these mails.

 

[vaibhav111vaibhav111 is verified member.]

@vaibhav111 ,
Received welcome benefit of wealth DC first transaction… 8k rewards for 1k / above 1st transaction…

View attachment 43337

 

[anishcode]

I have balance of 10L + right now in Select Account. and I talked with RM and he shared a link to Consent for Wealth Account upgrade.

How much time does it take to upgrade to Wealth Account?

 

[SSV]

I have balance of 10L + right now in Select Account. and I talked with RM and he shared a link to Consent for Wealth Account upgrade.

How much time does it take to upgrade to Wealth Account?

1 or 2 days ..

 

[2sqrd]

1 or 2 days ..

Its been close to 3 weeks for me after approving the consent link. RM keeps saying there's a backend issue 🙁

 

[SSV]

Its been close to 3 weeks for me after approving the consent link. RM keeps saying there's a backend issue 🙁

So something is wrong. Call CC

 

[Raun]

I have 10k MAB with IDFC and been using IDFC DC for RPs. If I upgrade to wealth, would I get 8k welcome benefit of wealth DC as well?

 

[varun__goel_]

I have 10k MAB with IDFC and been using IDFC DC for RPs. If I upgrade to wealth, would I get 8k welcome benefit of wealth DC as well?

Y e s

 

[anishcode]

So something is wrong. Call CC

Talked with CC -> They mentioned to visit branch.
Visited Branch -> They Mentioned Talk with RM.
RM mentioned -> It might take 15 days

#moyemoye 😕

 

[Ram1]

In my local branch, they told if I open account with 3L and maintain for 3 months, they can convert to wealth

 

[Humanbeing]

In my local branch, they told if I open account with 3L and maintain for 3 months, they can convert to wealth

Yes I know the person who’s got the Wealth Account with IP of 2 Lakh due to their annual target, so it depends on branch & staff.