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IDFC First Wealth Account eligibility requirement and benefits

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Quantum

Quantum

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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!
 
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DocFixIt said:
I know a guy who will open wealth at 5 L ..

Get new account ..
Would be a direct wealth .in few days .
To upgrade it's a luck
Click to expand...
I called IDFC First Bank's customer care and asked them to arrange a call back from branch manager or someone from the branch. Got a call in a few days, asked the person to upgrade to Wealth banking. He told me I need to maintain 3 lakhs MAB and shared the consent SMS which I accepted.

Waiting to be enrolled into Wealth banking now as it will take 7-10 days according to him.
 
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sahil1033 said:
I called IDFC First Bank's customer care and asked them to arrange a call back from branch manager or someone from the branch. Got a call in a few days, asked the person to upgrade to Wealth banking. He told me I need to maintain 3 lakhs MAB and shared the consent SMS which I accepted.

Waiting to be enrolled into Wealth banking now as it will take 7-10 days according to him.
Click to expand...
Try your luck. For me nothing worked if it’s less than 10l , I maintained 10l and it approved within 3 days
 
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gowmara said:
Try your luck. For me nothing worked if it’s less than 10l , I maintained 10l and it approved within 3 days
Click to expand...
I've kept Rs. 10 lakhs, 3 lakhs MAB is what the guy from bank mentioned in order to stay within the Wealth banking or else will be downgraded

as soon as I'm upgraded, I'll surely offload all the money ... I hope IDFC First Bank doesn't downgrades from Wealth to regular banking
 
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I deposited 10L in my bank account last week and requested for a Wealth program at the branch with a bank employee. He sent me a link to approve for privilege banking and replied that just wait till next week and your existing account will be upgraded to wealth. It's been a week and till now my bank account has not been upgraded to wealth and also that bank employee is not picking his phone. Should I wait for few more days?
 
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Chitra007 said:
I deposited 10L in my bank account last week and requested for a Wealth program at the branch with a bank employee. He sent me a link to approve for privilege banking and replied that just wait till next week and your existing account will be upgraded to wealth. It's been a week and till now my bank account has not been upgraded to wealth and also that bank employee is not picking his phone. Should I wait for few more days?
Click to expand...
After the acceptance, it usually takes 3-5 working days. I think there must be issue with the bank server.

Call IDFC Customer care and check the status with them.
 
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Does anyone have contact who can help conversion in Hyderabad for existing account with 10L AMB for last month (hasn't been 3 months yet) ?
RM is decent but says have to wait for 3 months to do the conversion. Thanks
 
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