Is it possible to get IDFC first Wealth account as a zero balance account?

[maynigam]

Hey guys. I wanted to open a idfc first wealth account but I want it to be a zero balance account. Is that possible?
I enquired with the branch but they said 25k mab. When I search online, i get many links for online application. Please guide.

 

[sadhunath]

You may get 10k AMB account as well. Not aware of zero balance.

 

[vine]

Hey guys. I wanted to open a idfc first wealth account but I want it to be a zero balance account. Is that possible?
I enquired with the branch but they said 25k mab. When I search online, i get many links for online application. Please guide.

I think you will see two options for 10k and 25k , choose one.
The 0 mab offers were targeted offers some people had earlier received.

 

[talkwithfino]

Hey guys. I wanted to open a idfc first wealth account but I want it to be a zero balance account. Is that possible?
I enquired with the branch but they said 25k mab. When I search online, i get many links for online application. Please guide.

Idfc First Wealth is a 0 balance account provided you have 25L in FD's or a net monthly salary credit > 5L as per their official criteria.

If you are looking for zero balance Wealth Account with no strings attached; I don't think that is possible.

 

[SSV]

Hey guys. I wanted to open a idfc first wealth account but I want it to be a zero balance account. Is that possible?
I enquired with the branch but they said 25k mab. When I search online, i get many links for online application. Please guide.

Your question was like my question about a year ago.. go thru this thread, you will find some ways..

Post in thread 'IDFC First Wealth Account eligibility requirement and benefits'

Dec 1, 2023

Now that I got my Wealth CC , I am intersetd in how to get 0 MAB Wealth Saving Account ..
I don't have any existing relationship with IDFC other thatn recently acquired Wealth CC..
I can do initial funding of 5L...
I need both 0 MAB and Wealth SB account.. Any tips about how to approach..
IDFC bank sales gus called me twice to open an SB account with 10K or 25K variant.. I don't think they can get me Wealth 0 MAB account..

Thanks

• SSV

 

[SSV]

Hey guys. I wanted to open a idfc first wealth account but I want it to be a zero balance account. Is that possible?
I enquired with the branch but they said 25k mab. When I search online, i get many links for online application. Please guide.

Idfc First Wealth is a 0 balance account provided you have 25L in FD's or a net monthly salary credit > 5L as per their official criteria.

If you are looking for zero balance Wealth Account with no strings attached; I don't think that is possible.

GO thru this thread thouroughly,

Post in thread 'IDFC First Wealth Account eligibility requirement and benefits'

Jan 16, 2024

incorrect information. base account is still 10k/25k. you are just enrolled into the wealth program. since idfc is not a big bank like hdfc yet, they dont want to charge their wealth customers. @S S V pls refer to my above post. this is not a true 0 mab. they just dont charge you as of now. it may change in future.

I got the same message but when i put details it still shows 10/25k MAb required.

Also whats the fuss of wealth account?

I have opened the 0 MAB IDFC first account online using the link provided by them in WhatsApp.
It seems it is the original 10k...

• SSV

• 

Post in thread 'IDFC First Wealth Account eligibility requirement and benefits'

Jan 17, 2024

now once you opt for this and in the future if you want to maintain 10 lakhs for wealth upgrade then it would be difficult i think cause I'm waiting for 3 month (maintaining the required amount to be maintained for wealth upgrade) to be over so i can request again (even though i had a word with someone from nearest branch say sir we need 75 lakhs for wealth upgrade). so thought i should let you know.

i think it asks but it is optional so yeah head over in your free time to the nearest IDFC branch and have a word with them.

I have opened the 0 MAB IDFC first account...

• SSV

• 
• 

 

[SSV]

Hey guys. I wanted to open a idfc first wealth account but I want it to be a zero balance account. Is that possible?
I enquired with the branch but they said 25k mab. When I search online, i get many links for online application. Please guide.

In short,.

1) Take Wealth CC first,
2) Wait for 0 MAB SB account offer which they send in a few months time to your Whats App
3) Open the 0MAB SB account thru the targeted offer you got thru WhatsApp
4) Upgrade your 0 MAB SB account to Wealth Account with required funding
5) Go thru the below mentioned thread thouroughly for my step by step updates then..
6) Mark this post as Solution..
7) Enjoy your Day !!

Post in thread 'IDFC First Wealth Account eligibility requirement and benefits'

Jan 17, 2024

now once you opt for this and in the future if you want to maintain 10 lakhs for wealth upgrade then it would be difficult i think cause I'm waiting for 3 month (maintaining the required amount to be maintained for wealth upgrade) to be over so i can request again (even though i had a word with someone from nearest branch say sir we need 75 lakhs for wealth upgrade). so thought i should let you know.

i think it asks but it is optional so yeah head over in your free time to the nearest IDFC branch and have a word with them.

I have opened the 0 MAB IDFC first account...

• SSV

• 
• 

 

[Chaitanya-a]

10k or 25k is the base amount you have to keep irrespective of any program in IDFC Bank. Unless you have their credit card and received special 0 Balance account opening offer.

Why would any bank provide high quality product with zero balance unless you're not providing them any business?!

 

[SSV]

10k or 25k is the base amount you have to keep irrespective of any program in IDFC Bank. Unless you have their credit card and received special 0 Balance account opening offer.

Why would any bank provide high quality product with zero balance unless you're not providing them any business?!

Welcome @Chaitanya-a Bahi, long time no see..
I think you only gave some info with regard to this whatsapp offer about a year ago..
Hope everything is fine with you..

 

[vaibhav111vaibhav111 is verified member.]

Hey guys. I wanted to open a idfc first wealth account but I want it to be a zero balance account. Is that possible?
I enquired with the branch but they said 25k mab. When I search online, i get many links for online application. Please guide.

What you're referring to was only for 10k variant which was offered as zero mab and I was one of those people who received link via whatsapp so for wealth you need keep 25k atleast for the time being and yes idfc could downgrade your account so answer to your question is no you can get idfc wealth for zero balance. If a bank that giving you 7.25% which one of best interest rate then you shouldn't open the account and invest in sometime else. It could waste of your time cause you didn't mention the reason you want to open just opening a saving account for the sake for the benefit is the wrong reason and would confused a person mindset rather follow your own financial wellbeing and open zero mab account in kotak 811 or au bank also offer.

 

[Chaitanya-a]

Welcome @Chaitanya-a Bahi, long time no see..
I think you only gave some info with regard to this whatsapp offer about a year ago..
Hope everything is fine with you..

Thanks bhai. Currently its been busy schedule in office that's why not quite active here. Mostly on weekends. All fine though. Hope you're doing good as well 😄

 

[SSV]

Thanks bhai. Currently its been busy schedule in office that's why not quite active here. Mostly on weekends. All fine though. Hope you're doing good as well 😄

All good here from myside..
Lets all enjoy work, TF and life altogether.. Have a nice day ahead...

 

[maynigam]

What you're referring to was only for 10k variant which was offered as zero mab and I was one of those people who received link via whatsapp so for wealth you need keep 25k atleast for the time being and yes idfc could downgrade your account so answer to your question is no you can get idfc wealth for zero balance. If a bank that giving you 7.25% which one of best interest rate then you shouldn't open the account and invest in sometime else. It could waste of your time cause you didn't mention the reason you want to open just opening a saving account for the sake for the benefit is the wrong reason and would confused a person mindset rather follow your own financial wellbeing and open zero mab account in kotak 811 or au bank also offer.

My purpose is to get the 7.25% rate of interest and free pocker. Only thing is that I don't like such minimum balance conditions! And if there is a possibility of getting zero mab then why go for 25k mab. Branch staff told me that it's not possible, but I never trust branch staff as they only see their benefit (that's totally natural actually)

 

[maynigam]

I

10k or 25k is the base amount you have to keep irrespective of any program in IDFC Bank. Unless you have their credit card and received special 0 Balance account opening offer.

Why would any bank provide high quality product with zero balance unless you're not providing them any business?!

I do have wealth credit card (about 1 year) but haven't received any such offer.

 

[vaibhav111vaibhav111 is verified member.]

My purpose is to get the 7.25% rate of interest and free pocker. Only thing is that I don't like such minimum balance conditions! And if there is a possibility of getting zero mab then why go for 25k mab. Branch staff told me that it's not possible, but I never trust branch staff as they only see their benefit (that's totally natural actually)

free pocker? you meant free locker? there isn't any such thing as free in private banking, very slim chance you would get free locker if that you're looking for. MAB if not required then not sure how would bank would earn their daily wages. with that said 25K for wealth is very low and in few years IDFC would downgrade if not maintained so do understand that.

 

[BVCBVC is verified member.]

free pocker? you meant free locker? there isn't any such thing as free in private banking, very slim chance you would get free locker if that you're looking for. MAB if not required then not sure how would bank would earn their daily wages. with that said 25K for wealth is very low and in few years IDFC would downgrade if not maintained so do understand that.

Yes he meant to be locker. 🤣

 

[vaibhav111vaibhav111 is verified member.]

zero mab then why go for 25k mab.

see that zero MAB doesn't get you wealth only 10k variant which is zero mab for few individual who signed up or had been invited to sign up from idfc that could be limited period and few people did acknowledge they received sometime back too. so keep a lookout for that message from idfc via whatsapp.

 

[maynigam]

Yes. I meant locker. They said I could get a free locker if I opened with 10L funding.