IDFC First Wealth account Non-Maintainence of AMB

[bhavyakjain]

You can withdraw in pattern
Like 5 after upgrade
Then 3 after next month


By 4th month your rm will forget you
U can dance alone & be a bathroom singer 😂

My purpose for this account is to be my expense account
So I will transfer my monthly expense budget at start of month in this account and spend for it guilt free
Won't be maintaining huge amount in this account
Health card only taking for lounge access or show-off

Other than this, I would have been fine with a zero balance account too

 

[VasukiVasuki is verified member.]

My purpose for this account is to be my expense account
So I will transfer my monthly expense budget at start of month in this account and spend for it guilt free
Won't be maintaining huge amount in this account
Health card only taking for lounge access or show-off

Other than this, I would have been fine with a zero balance account too

Can't comment on what kinda relationship u want with the bank
I told u what's is most obvious.

 

[Dr_jai]

M

No, they won’t downgrade your wealth account, you just have to maintain the minimum 25K or 10K depends on your account variant at the time of opening rest they won’t downgrade the account & there are no charges on IDFC DC, SMS, IMPS, NEFT, and RTG

My account is zero balance account if they upgrade to wealth does my account will be zero balance account or have to maintain some amount like 10k or 25k

 

[VasukiVasuki is verified member.]

M

My account is zero balance account if they upgrade to wealth does my account will be zero balance account or have to maintain some amount like 10k or 25k

Bank account varaint & banking program are different thing

 

[Aniket]

M

My account is zero balance account if they upgrade to wealth does my account will be zero balance account or have to maintain some amount like 10k or 25k

Z e r o

 

[mojo_jojo123]

What is advised to open Select with 3L IP or Wealth with 10L IP ? Does wealth have any other benefit apart for higher limit for CC payment ?

 

[Aniket]

M

My account is zero balance account if they upgrade to wealth does my account will be zero balance account or have to maintain some amount like 10k or 25k

Z e r o

In detail, if required: Say, if you have 25k AMB A/c and upgraded to select/wealth/private banking scheme/program, maintenance charges is waived off or in other words there's no requirement of MAB technically, that means if you don't maintain 25k no charges will be levied till you are in such program but if you can, fullfill the criteria easily, if salary of 2 lacs getting credited or under family banking, all your family cumulative AMB is 3 lac so you won't be triggered for downgrading or some other ways.

But in your case since you have zero bal account, there's no requirement for maintaining balance, pre/post upgradation/enrollment in such program.

 

[Dr_jai]

In detail, if required: Say, if you have 25k AMB A/c and upgraded to select/wealth/private banking scheme/program, maintenance charges is waived off or in other words there's no requirement of MAB technically, that means if you don't maintain 25k no charges will be levied till you are in such program but if you can, fullfill the criteria easily, if salary of 2 lacs getting credited or under family banking, all your family cumulative AMB is 3 lac so you won't be triggered for downgrading or some other ways.

But in your case since you have zero bal account, there's no requirement for maintaining balance, pre/post upgradation/enrollment in such program.

Thanks,, maintain 10+ lakh from last 6 months

 

[Himanshuch]

What is advised to open Select with 3L IP or Wealth with 10L IP ? Does wealth have any other benefit apart for higher limit for CC payment ?

Try to negotiate with branch, wealth can be opened with 5 lakhs as well.

 

[VasukiVasuki is verified member.]

Try to negotiate with branch, wealth can be opened with 5 lakhs as well.

It's not working from this financial year

 

[InfamousInfamous is verified member.]

I have a Future First A/c. If I opt for Select/Wealth does that mean my required MAB would be ZERO?

In detail, if required: Say, if you have 25k AMB A/c and upgraded to select/wealth/private banking scheme/program, maintenance charges is waived off or in other words there's no requirement of MAB technically, that means if you don't maintain 25k no charges will be levied till you are in such program but if you can, fullfill the criteria easily, if salary of 2 lacs getting credited or under family banking, all your family cumulative AMB is 3 lac so you won't be triggered for downgrading or some other ways.

But in your case since you have zero bal account, there's no requirement for maintaining balance, pre/post upgradation/enrollment in such program.

 

[VasukiVasuki is verified member.]

I have a Future First A/c. If I opt for Select/Wealth does that mean my required MAB would be ZERO?

Yes mine is 😎

 

[VasukiVasuki is verified member.]

I have a Future First A/c. If I opt for Select/Wealth does that mean my required MAB would be ZERO?

Dm me i will tell u shortcut
On tg

 

[Strange]

Dm me i will tell u shortcut
On tg

Bro, Can you check my DM?

 

[Strange]

Yes, Select/Wealth/Private is just a banking programme/scheme. Where's, FF is a Savings A/c, so MAB of the A/c will remain, i.e, zero.

Do they allow grouping of 10K account variant in Family Banking?

 

[Aniket]

I have a Future First A/c. If I opt for Select/Wealth does that mean my required MAB would be ZERO?

It's already mentioned, isn't it? 👇

But in your case since you have zero bal account, there's no requirement for maintaining balance, pre/post upgradation/enrollment in such program.

Again,
Yes, Select/Wealth/Private is just a banking programme/scheme. Where's, FF is a Savings A/c, so MAB of the A/c will remain, i.e, zero.

 

[Aniket]

Do they allow grouping of 10K account variant in Family Banking?

Why not? Have you been told by someone that under family banking 10k A/c or any other A/cs is restricted? In other words, specified/particular A/cs can only be grouped under family banking.

 

[Himanshuch]

It's not working from this financial year

Well I'm sharing this info from personal experience (2025).

 

[InfamousInfamous is verified member.]

It's already mentioned, isn't it? 👇


Again,
Yes, Select/Wealth/Private is just a banking programme/scheme. Where's, FF is a Savings A/c, so MAB of the A/c will remain, i.e, zero.

What are the downgrade scenarios? Have there been any instances?

 

[InfamousInfamous is verified member.]

Well I'm sharing this info from personal experience (2025).

What area is your branch in?