Looking for an HNI account - Need your suggestions

[Fini7777]

Hi everyone,
I am currently looking for an HNI account, and I can maintain ₹25–30 lakhs in FDs. Here are my requirements:

1. Debit Card with Unlimited Lounge Access - Compulsory.
2. Good Internet Banking/Mobile Banking UI - I rely heavily on these services over branch visits.
3. Premium Credit Card as LTF - Preferred.
4. Family Banking Options.
5. Minimal or Zero Charges - Preferred.
6. Good Branch Service - While I don’t require an RM and don’t have high expectations from branch staff, it’s a plus if the bank provides good service.

Accounts I Currently Hold​

1. HDFC Preferred Banking - My primary SA
2. IndusInd Select Account - for FDs
3. Axis Eazy - for specific use
4. Canara SB Gen - will close it soon
5. SBI Regular SA - secondary SA
6. Kotak 811 Super SA

My Experience with These Accounts​

HDFC Bank:​

Everything is fine except for the RM. They usually act in their own interest rather than mine. I feel Imperia is not worth it.

• I am still struggling to get their core card and have dropped the plan for Infinia.
• My mom has RG and I'm using it for sale offers/instant discounts

Axis Bank:​

The branch experience is good, but I don’t know much about the Axis Burgundy account and whether I can get M4B with ₹30 lakhs in FD.

• I am hesitant to trust Axis due to their unstable policies.

IndusInd Bank:​

Let’s just say I could write a lengthy article about my experience, but I doubt anyone would read it.

• In short, I am in a dilemma: should I upgrade to Pioneer or completely break my relationship with this bank?
• They offer good returns on FDs, but their Internet Banking and Mobile Banking are not up to the mark.
• Despite a long-standing relationship, I was unable to get their Pinnacle Card with a good limit.
• I use to have multiple issues with this account but after closing my INDIE SA All my issues were resolved and everything is fine now.

Questions about IndusInd:

1. Can I expect any changes in their credit card offerings if I upgrade to Pioneer?
2. What about their debit card?

ICICI Bank:​

I currently have two credit cards with ICICI but no savings account.

• I love their user interface and am considering ICICI Wealth.

IDFC First Bank:​

I had an account but closed it due to freeze issues.

• I am open to considering IDFC Wealth if I can get their IDFC Wealth/Mayura credit card as LTF. While these cards aren’t highly useful, IDFC provides good returns on FDs.

My Credit Card Collection​

1. Axis Bank: Airtel, Ace, Neo
2. ICICI Bank: Amazon Pay, Coral
3. Federal Bank: Celesta
4. SBI: Cashback
5. HDFC: Tata Neu Infinity
6. Kotak Bank: Myntra
7. Yes Bank: Rupay
8. RBL Bank: World Safari, Shoprite Rupay
9. IndusInd Bank: Legend - "very low limit"
10. IDFC First Bank: Select

Final Note​

I don’t travel much currently but may in the future. For travel-related spends, I plan to apply for AMEX Plat Travel or Atlas. Hence, HDFC Infinia is no longer my target.
HSBC and SC - Not serviceable
You can also suggest public sector banks like BOB or SBI if they satisfy my requirements.
Thanks for reading through and providing your valuable input!

 

[nixflix]

you can get the IDFC Wealth account with initial deposit of 5 lac

And then that can be withdrawn? Sorry didn't get this part. I thought the TRV is 10L i.e. average M/Q balance has to be 10L, right?

 

[nixflix]

Check AXIS Burgundy: https://www.axisbank.com/burgundy-personal-banking

Feedback based on personal experience. Do not get this a/c unless you get it through a branch and your RM is local. Make sure you have a good rapport otherwise it is a useless a/c. They tried to make me come to the branch for anything and everything so not only downgrade I closed the a/c.

A comparison - in case of HDFC I get Imperia for even 3-5L balance (savings/FD for months) and a dedicated RM from the branch. Whenever some paperwork is needed, I don't even have to ask for a home visit. RM readily offers to send runner or sometimes she herself comes. Yes, she was not able to upgrade my DCB LTF to paid Infinia but everything else is decent.

 

[nixflix]

Try Kotak HNI accounts

Privy League?

It has no feature at all - cards are useless. But I like their branch help. They won't make you visit the branch and easily send runner or RM to your address. Also, I don't know how much is TRV requirement anymore but it has been same for me even if I keep 2-3L.

 

[Credit_Cards]

Feedback based on personal experience. Do not get this a/c unless you get it through a branch and your RM is local. Make sure you have a good rapport otherwise it is a useless a/c. They tried to make me come to the branch for anything and everything so not only downgrade I closed the a/c.

A comparison - in case of HDFC I get Imperia for even 3-5L balance (savings/FD for months) and a dedicated RM from the branch. Whenever some paperwork is needed, I don't even have to ask for a home visit. RM readily offers to send runner or sometimes she herself comes. Yes, she was not able to upgrade my DCB LTF to paid Infinia but everything else is decent.

what wrong with burgundy ? I am thinking to upgrade it this as I am holding a Magnus CC and Burgundy Makes sense only for CC

 

[Fini7777]

what wrong with burgundy ? I am thinking to upgrade it this as I am holding a Magnus CC and Burgundy Makes sense only for CC

The main problem with Axis Bank is their instability—they frequently change their terms without notice and often ask for invoices, even for genuine spends.
Additionally, their Burgundy account is not as competitive as other options in the market.
If you get a significant benefit, such as an LTF Magnus, Atlas, or a paid M4B, it might be worth considering; otherwise, it is not recommended.

-This is not my personal experience, but there are several threads regarding this.-