IDFC Select to Wealth upgrade

[EnthuCC]

Hi, I have IDFC savings bank account under Select banking program.

I learned in this forum that if one can deposit 10L+ in savings account then it can be upgraded to Wealth account. Can anyone tell me for how long one needs to deposit 10L+ fund to get eligible for the upgrade for existing Select customers?

 

[Vasuki]

Like axis allows NRI and Resident accounts to group in family Banking....

Axis is axis 🤏

 

[Vasuki]

Dad is NRI so they don't have Wealth NRI ig or Don't have Wealth NRI grouping...

They recently went from small finance bank to full bank
Don't expect wonders 😁

 

[EnthuCC]

my suggestion is to close the acc., goto another branch ask for new Select acc with 3L IP.

they'll say 5L initially, do bargaining they'll agree with 3L (mention your old branch name say they offered that, but didnt like the branch or some bs).

rinse & repeat until u succeed.

I already have Select. I wanted to upgrade to Wealth.

She is speaking 🗣️ lines of doc .


Most of them are I'll informed.



What u looking in wealth did u exhaust 30k points in a month

I already have funds there. I needed Wealth to get a free locker, Welath DC for better rewards and family banking.
Other banks have strict implementation of QAB. So funds remain stuck there.

If you have suggestions then please let me know.

By the way what's the 30k points about? I don't know anything about it.

I've added 10L in account and asked RM to raise request he did it today will update once the account is upgraded successfully.

My call got transferred due to my RM being on other call, to some other RM he told me QAB of 10L is required but it can be done on Fund deposit as by RM taking seniors approvals. As I have Select my RM told he could mange getting those approvals lets see.

For how long had you kept the funds in your account? And did your RM asked you to invest in any ULIP or guaranteed scheme?

 

[Vasuki]

I already have Select. I wanted to upgrade to Wealth.

I already have funds there. I needed Wealth to get a free locker, Welath DC for better rewards and family banking.
Other banks have strict implementation of QAB. So funds remain stuck there.

If you have suggestions then please let me know.

By the way what's the 30k points about? I don't know anything about it.

For how long had you kept the funds in your account? And did your RM asked you to invest in any ULIP or guaranteed scheme?

Fund 10 lakh and meet BM and ask him to get it done

Or maintain 5 lakh or 3+ lakh for 2 month
And in 3rd month keep 5 in account in first week and go to branch and get it done .
Or open a family member account with 5 lakh & get wealth later add everyone in it

 

[EnthuCC]

Or open a family member account with 5 lakh & get wealth later add everyone in it

That seems good option. As someone else said here that they got it Wealth with initial funding of 5L.
Thanks

 

[theflash]

I already have Select. I wanted to upgrade to Wealth.

I already have funds there. I needed Wealth to get a free locker, Welath DC for better rewards and family banking.
Other banks have strict implementation of QAB. So funds remain stuck there.

If you have suggestions then please let me know.

By the way what's the 30k points about? I don't know anything about it.

For how long had you kept the funds in your account? And did your RM asked you to invest in any ULIP or guaranteed scheme?

I added funds on 23rd it didn't reflect in their upgrade system as 23rd was holiday then today he took the upgrade request and gave me SR No. am able to see it in app as well but strangely this time didn't receive any consent SMS like last time...

 

[theflash]

I added funds on 23rd it didn't reflect in their upgrade system as 23rd was holiday then today he took the upgrade request and gave me SR No. am able to see it in app as well but strangely this time didn't receive any consent SMS like last time...

Let's see how much time it takes for upgrading and when I get hands on Wealth DC.

Btw folks who have upgraded, do we get activation benefit of Wealth DC as well? I've used select DC activation benefit (4000 points)....

 

[Vasuki]

Let's see how much time it takes for upgrading and when I get hands on Wealth DC.

Btw folks who have upgraded, do we get activation benefit of Wealth DC as well? I've used select DC activation benefit (4000 points)....

Yes 8k points

 

[theflash]

Yes 8k points

3 DC so 24k points 😁🙌🏻🥳

 

[Vasuki]

3 DC so 24k points 😁🙌🏻🥳

Better take select
3.5 -30k point
Normal is
4.5 -24 k point

 

[theflash]

Better take select
3.5 -30k point
Normal is
4.5 -24 k point

I have Select already am upgrading to wealth.

As you said 8k activation benefit so I mean to say I have 3 DC so 8k each card = 24k points in total just for doing 1st Txn...

 

[Vasuki]

I have Select already am upgrading to wealth.

As you said 8k activation benefit so I meant 3 DC *8k = 24k points just for doing 1st Txn...

Oh oh oh
Boi 😂

 

[Sanskar]

Yes, that's exactly what I did for 25k account to Wealth upgrade.
Deposited enough funds in September last week. On Oct 1 or 2, the AMB was reflecting the total balance in my account.
I asked the RM to raise the request. They obliged.
So, if it works for me and others, it should work for remaining others too. There is no hard and fast rule in IDFC for program upgrade/downgrade.

And if you don’t maintain 10 lakh AMB does they downgrade wealth account?

 

[Vasuki]

And if you don’t maintain 10 lakh AMB does they downgrade wealth account?

No maintain 25 k

 

[EnthuCC]

I have Select already am upgrading to wealth.

As you said 8k activation benefit so I mean to say I have 3 DC so 8k each card = 24k points in total just for doing 1st Txn...

2 add on accounts?

 

[Vasuki]

2 add on accounts?

2 family member

 

[Sanskar]

No maintain 25 k

How old is your wealth account and do you also maintain just 25k?

 

[Vasuki]

How old is your wealth account and do you also maintain just 25k?

There is no downgrade so 25 or whatever your base account mab is .

 

[Sanskar]

There is no downgrade so 25 or whatever your base account mab is .

Right now, I have no relationship with IDFC

Please suggest me base account with low AMB with wealth relationship

I can do IP fund

 

[Vasuki]

Right now, I have no relationship with IDFC

Please suggest me base account with low AMB with wealth relationship

I can do IP fund

Which college ?