KOTAK Privy league Neon

[AJ331]

I have a KOTAK Savings account which is KOTAK PRO SAVINGS ACCOUNT which I can see from the statement
but the Branch Manager says my account is Privy League also (Neon). My statement also says I am a Privy League Neon customer
I have an FD with them. I have in my savings only about 40K and my FD is single digit lakhs only.
I am confused, how am I am privy League Neon with out meeting the eligibilty criteria
How does this work?

 

[imdjay]

Bank Manager didn't tell me but my RM told me today that

My account was created as a Privy League Customer (since I had an initial funding of 4L plus) though my account Variant is PRO SAVINGS
and this happened because my branch is located in a semi urban area, they won't allow this in an Urban branch

One is an account variant, another is a scheme.

 

[AJ331]

I have got a new Neon privy league debit card, as soon as I do my first transaction will the old debit card become inactive or blocked?

 

[imdjay]

I have got a new Neon privy league debit card, as soon as I do my first transaction will the old debit card become inactive or blocked?

N O .

 

[Zacobite]

TRV for Neon is 10 Lakh, savings balance is 2lakh which I don't have and I don't have a TRV of 10 lakh also

and in a few months they will send downgrade triggers and start charging you for normal transactions also..Privy is an automatic tagging and the branch guys will be clueless.. i struggled for many months.. its avoidable

 

[AJ331]

I asked my RM to link my fathers and mothers account into mine through family banking, is there a way I can find out if it has been done?

 

[Anubhavrocks71]

BEING OFFERED A PRIVY LEAGUE NEON WITH 2L IP,IS IT WORTH SOMETHING ?
RECENTLY WAS UPGRADED TO IMPRRIA AND USING WM FORM ICICI
SHOULD I GO AHEAD AS NMC ETC IS CLUBBED