IDFC Wealth account upgrade

[sambitpatro]

I asked the same for my RM and she said it was 15l for 3 months.
If we keep 10 lakh for 3 months does it get upgraded automatically?

As said earlier the criteria for wealth is followed differently by different branches. No it doesn't get upgraded automatically. RM has to taken approvals of higher ups before converting it to wealth

 

[GreedyFuture601]

I just got upgraded to Wealth. Got the Wealth DC & Chequebook but still couldn’t spot the 'First Wealth' logo in the app and net banking. I also didn’t receive the 8000 RP on spending via DC. In fact my profile on firstrewards.com was created after calling the customer care. Has IDFC stopped giving welcome RPs?

 

[Tonymathew]

This noob question coming from you made me laugh so hard

Open 25 k account , while opening they would have direct option to enroll in Welath program

Caviet is you do 10 lakh IP

Then remove it bit by bit

Rest your wish


But don't promise your new branch about keeping money else they will come after yoh like leeach


Also don't show any intrest in ULIP

One doubt vasuki,
I have a normal account with idfc.
Want to upgrade to wealth. They want me to keep 10 L for 3 months, which I am okay.

After that 3 months, if I remove the balance to a better safe, would I be downgrades to normal account, like HDFC does with their classic banking programme?

If yes, how often should I top up my MAB, to avoid downgrade?

Also the RM told me, he cannot guarantee whether I would get a Wealth CC, even if I hold a wealth account. I wanted the CC for obvious reasons. Would you guide me with this also??

Thanks in advance

 

[HumorSimpson]

I just got upgraded to Wealth. Got the Wealth DC & Chequebook but still couldn’t spot the 'First Wealth' logo in the app and net banking. I also didn’t receive the 8000 RP on spending via DC. In fact my profile on firstrewards.com was created after calling the customer care. Has IDFC stopped giving welcome RPs?

How did you get the upgrade ?

 

[Vasuki]

One doubt vasuki,
I have a normal account with idfc.
Want to upgrade to wealth. They want me to keep 10 L for 3 months, which I am okay.

After that 3 months, if I remove the balance to a better safe, would I be downgrades to normal account, like HDFC does with their classic banking programme?

If yes, how often should I top up my MAB, to avoid downgrade?

Also the RM told me, he cannot guarantee whether I would get a Wealth CC, even if I hold a wealth account. I wanted the CC for obvious reasons. Would you guide me with this also??

Thanks in advance

Open 25 k account for a family member with 10 lakh directly get enrolled in welath
Or open yourself 2nd account with 10 lakh and enroll

So if you have 25k account
Try opening 10k account with 10 lakh

This way u don't get to maintain for 3 months

 

[Vasuki]

I just got upgraded to Wealth. Got the Wealth DC & Chequebook but still couldn’t spot the 'First Wealth' logo in the app and net banking. I also didn’t receive the 8000 RP on spending via DC. In fact my profile on firstrewards.com was created after calling the customer care. Has IDFC stopped giving welcome RPs?

Go slow it takes time 🤣

 

[Tonymathew]

Open 25 k account for a family member with 10 lakh directly get enrolled in welath
Or open yourself 2nd account with 10 lakh and enroll

So if you have 25k account
Try opening 10k account with 10 lakh

This way u don't get to maintain for 3 months

What happens if that money is then transferred? Would that wealth account remain wealth for lifetime? Or downgraded after some tims

 

[Vasuki]

What happens if that money is then transferred? Would that wealth account remain wealth for lifetime? Or downgraded after some tims

None got downgraded till now in idfc but
No one knows if they start downgrade from.this qtr
, next qtr , next year

So enjoy till.it lasts

 

[Tonymathew]

None got downgraded till now in idfc but
No one knows if they start downgrade from.this qtr
, next qtr , next year

So enjoy till.it lasts

Understood Vasuki. Thanks

 

[GreedyFuture601]

How did you get the upgrade ?

I opened a new 25k account with IDFC where I was told I’ll have to fund it with 10L to initiate the upgradation to which I agreed to do in parts stating that I don’t have that much liquid right way. So I funded around 7.6L in a week and they initiated the upgrade.

 

[Tonymathew]

I opened a new 25k account with IDFC where I was told I’ll have to fund it with 10L to initiate the upgradation to which I agreed to do in parts stating that I don’t have that much liquid right way. So I funded around 7.6L in a week and they initiated the upgrade.

Did you get the wealth account then?

 

[jyothisthaliath]

The branch manager can take a deviation and get it opened. Im getting mine opened with 5L initial funding. If i negotiated harder with him could have definitely brought it down to 2L but 1L is most difficult

Me too. I tried to upgrade my existing IDFC account. But they said I have better chance with a new account. So I opened an account for family member. Funded the account with 5 Lacs. Once the average balance crossed 5 Lacs, they provided consent link for Upgradation. The whole thing took 1.5 months, they gave excuses of holidays and pending approval from Regional Head, but through constant follow-up we got it.

Once that account was upgraded, I put in a request to upgrade my account as part of family banking. It was done easily

 

[jyothisthaliath]

And post that can we block the existing debit card and upon re-issuance, IDFC will send the Wealth debit card for her?

Once Wealth upgrade is through, new Wealth Debit card will start showing in the app. When you activate the Wealth DC by setting PIN, the old card will be instantly deactivated and removed from the app. Nothing to do from our end.

 

[GreedyFuture601]

Did you get the wealth account then?

Yes the regular account got upgraded to wealth within 2 weeks time.

 

[Moulidharan]

Open 25 k account for a family member with 10 lakh directly get enrolled in welath
Or open yourself 2nd account with 10 lakh and enroll

So if you have 25k account
Try opening 10k account with 10 lakh

This way u don't get to maintain for 3 months

How to open the second account in IDFC first bank?they are telling only single savings account for 1 customer.So i forced them to try out and it gave the error in the tab

 

[Vasuki]

How to open the second account in IDFC first bank?they are telling only single savings account for 1 customer.So i forced them to try out and it gave the error in the tab

Me & one more person has
Future first & 25k account
So try different varaint account it will work

 

[Moulidharan]

Me & one more person has
Future first & 25k account
So try different varaint account it will work

Okay I will try and update
Thanks

 

[Vasuki]

Okay I will try and update
Thanks

Future first is for student from top universities
If yours is in list u can open
Else check for other type of account

 

[praveensudhakaran]

I got the wealth account and wealth cc just by depositing 50K/1L.
Not more than that

 

[Moulidharan]

I got the wealth account and wealth cc just by depositing 50K/1L.
Not more than that

Can you please share the agent contact details