IDFC FIRST WEALTH

[Naman@Jain]

Hi
I want to ask after transfering 10L , how much time i should take to contact customer care of idfc bank for wealth upgrade for example I transferred 10L today i.e 2/4/2024 when should i mail them for wealth upgrade.

 

[Vasuki]

LTF DC that's it nothing else. But ya have ICICI 0 Balance account in case need to pay emergency repayment to ICICI CC...

I have zero balance account
With previlage banking
So wm doesn't make sense

 

[theflash]

What all will be considered under AUM??

Term Insurance/ Investment Plans Premium per annum considered or coverage considered??

Not sure regarding this 🥲

 

[theflash]

I have zero balance account
With previlage banking
So wm doesn't make sense

Ya but I didn't have any relationship so....

 

[Vasuki]

MAB requirement? I can't keep funds just have it for next 5-7 days... Also Marquee will get FYF or paid? Will get for sure? I mean I have 750+ CIBIL and 3-3.4L limits cc as well..

5 lakh
3 months u have to as they
Because u will get benefits each of 3 month

 

[theflash]

MAB requirement? I can't keep funds just have it for next 5-7 days... Also Marquee will get FYF or paid? Will get for sure? I mean I have 750+ CIBIL and 3-3.4L limits cc as well..

@Vasuki throw some light on this, if everything is fine and they don't have any NMC then will open account on Monday itself...

 

[theflash]

5 lakh
3 months u have to as they
Because u will get benefits each of 3 month

Oh then can't... But what if I want it only for Marquee FYF? I don't want any other benefits except free dc.

 

[Vasuki]

Oh then can't... But what if I want it only for Marquee FYF? I don't want any other benefits except free dc.

Marquee card fees is recovered by the benefits
& It's a good card
So ltf u can negotiate with bm ..

Check thread by @SSV on marque card he provided a matrix how to recover

 

[theflash]

Check thread by @SSV on marque card he provided a matrix how to recover

I'm aware about that but without paying fees is better option IMO. Even if they don't give vouchers and don't charge fees I'm fine with that... For vouchers I need to sell or use them just to utilise vouchers...

 

[theflash]

Marquee card fees is recovered by the benefits
& It's a good card
So ltf u can negotiate with bm ..

Can I open account get FYF/LTF Marquee while account opening or instantly after account opening? and then maybe stop maintaining balance 😅?

 

[Vasuki]

I'm aware about that but without paying fees is better option IMO. Even if they don't give vouchers and don't charge fees I'm fine with that... For vouchers I need to sell or use them just to utilise vouchers...

That's why I said talk to bm
If u take favour from bm u have to give back the favour
So if u plan keeping zero balance or 2-4 lakh
Better have it paid

I m doing it for the limit I will get on the card

 

[Vasuki]

Can I open account get FYF/LTF Marquee while account opening or instantly after account opening? and then maybe stop maintaining balance 😅?

Everyone is in early talk wait for 2-3 week to find out
Or talk yourself on Monday in branch

 

[theflash]

Everyone is in early talk wait for 2-3 week to find out
Or talk yourself on Monday in branch

Grandeur can be opened online?

 

[Vasuki]

Grandeur can be opened online?

N o o
Everything offline
It's a banking program so branch has more autonomy

 

[zomato]

LTF DC that's it nothing else. But ya have ICICI 0 Balance account in case need to pay emergency repayment to ICICI CC...

which dc does icici provide for wm account

 

[zomato]

5 lakh IP
10 lakh if account opened already


FF is indeed zero but the guy opened was after me buying Insunce so I profited him this way
No loss for me 👍

5L IP is doable, is it worth it though or should add some more and go for Iundusind pioneer? cannot find a thread for that xd

 

[Vasuki]

5L IP is doable, is it worth it though or should add some more and go for Iundusind pioneer? cannot find a thread for that xd

I will make if I get the account.

 

[Ayush_]

Hey everyone,

I wanted to share my recent experience with upgrading my IDFC FIRST Bank account from a regular account to a Wealth account. I hope this can help those of you who are considering doing the same.

I came across a few articles on Technofino where people talked about how they got their accounts upgraded from an IDFC regular account to an IDFC Wealth account. These stories got me curious, so I decided to look into it myself.

I reached out to my Relationship Manager (RM) at IDFC FIRST Bank to discuss the upgrade. He informed me that the official balance requirement for an IDFC Wealth account is ₹10 lakhs. However, he mentioned that if I could maintain a balance of around ₹5 lakhs and also take out a term plan, he could assist me with the upgrade.

So, I went ahead and maintained the suggested balance and got a term plan. Within 10 days, my account was upgraded! I received a welcome kit along with a Wealth Debit Card, which comes with a range of exclusive benefits.


Eligibility Criteria for IDFC Wealth Account Upgrade

Based on what I've gathered, here are the key criteria to upgrade to an IDFC Wealth account:


If anyone is considering upgrading their account, I highly recommend talking to your RM to explore your options. It made a huge difference for me, and the benefits of the Wealth account are definitely worth it. (To note: value given above are also negotiable based on how clever your RM is)

 

[Ak Singh]

5 lakh IP
10 lakh if account opened already


FF is indeed zero but the guy opened was after me buying Insunce so I profited him this way
No loss for me 👍

They don't open wealth on 5 lakh IP
They are saying 10L IP required.

 

[Vasuki]

They don't open wealth on 5 lakh IP
They are saying 10L IP required.

5 lakh they open it happily

 

[Humanbeing]

Please specify about the term plan & premium you paid in order to get the term plan as well.