Premium Bank accounts to collect (usually with 0mab)

[saucy]

Planning to collect bank accounts as well?
Here are all the accounts you should look into.

0 MAB accounts will be added at the botton, because then it's not a collection, is it?

salary accounts not included yet - since they get 0 MAB pretty much everywhere except SC I guess
Do let me know if it's possible to retain 0 MAB without getting salary in an account anymore.

P.s. please read this post till the end, most of the answers from the threads have been summarised/added here.

P.p.s pls do ask if there's some doubt
-----------------------------------------------------------


ICICI BANK
Wealth Management account

• free cibil score
• cool black theme
• welcome kit (chequebook purse, card, deposit slips, cheque book)
• 0 amb
• visa signature/ mc world
• family banking
• dedicated RM
• direct conntection to agent when you call their helpline
• pre-approved credit cards in a few months

- 1-5L IP cheque/neft. 3L has been reported by many members -- I personally got for 1L
- upgrade existing account by maintaining 25L amb
- upgrade from regular accounts on crossing 5L in credit card limit from the bank
- no need to buy any other thing along with it, such as insurance or demat account.
- may negotiate for a LTF sapphiro

Here is a link to read about my whole journey of opening the account.

HDFC BANK
Preferred/Classic /Imperia
these are relationship status. Account type is usually savings max.

• dedicated RM (you can get the branch manager to be RM for preferred/imperia)
• Technically 0 AMB
• family banking
• Easy shop platinum debit card is free - gives 1% cashback on credit card bill payment
• HELPS UPGRADE MONEYBACK+ to better cards
• If opening a new account, you can get account number of your choice

- 2L/1L amb in existing account for 3 months, then request branch for upgrade
- IP cheque of 2L/1L (for new accounts) (IP is initial Pooling/payment that you make for opening new account)
- Imperia offered for 5L IP, or 10L balance maintenance
- they send a consent link, clicking which your account gets upgraded.
- once you have the upgrade, all the family accounts that are linked also get the same benefit.

I manually had to fight to get the upgrade. It's purely in the hands of the BM. Interview wagerah liya, and they do keep a track of how many emails/complaints you've raised with higher authority. More complaints = less likely the BM would want to upgrade your account (since you may complain about the BM)
I kept about 5L for a month and talked to BM and got the upgrade. Reduced funds to 2L later on.

IDFC first Bank
FUTURES FIRST ACCOUNT

• 0 amb
• Helps tremendously for getting credit cards pre approved. However you might get a lower variant than what you may get by c2c or ITR method.
• Decent app and service.
• Marginally better FD rates.
• Visa signature debit card.

0amb account for "premire institutions graduates" i.e. people who have graduated or studying.
- can be opened offline only (No institute graduation checked LoL)
- 2% cashback on credit card payment after 20k Idfc is in a weird place wrt rewards.
- old accounts can't be converted to this variant. It's a completely different fish.

My process - I went to the nearest branch. They said they can't open the account. Gave various reasons why it can't be opened etc etc.
I threatened them that their cust care directed me to this branch. Suddenly I was ushered into the BM office. Did the same dance again (I think they just play on the fact that general junta is a bit afraid - because they don't read the docs about the product)
BM got me the account within the next 10 mins. No cheque. No ID check. I entered "salaried" in occupation.
Added some funds into the account myself and the debit card reached me in 2 days.
The debit card is generated only after you add.funds.
Keep some good funds in it to get credit card offers quicker.

SBM Bank
SBM Wealth

• Visa signature

- 5L IP cheque
-
SBM bank opens with 5L, but needs you to maintain 30L NRV

IndusInd bank
Select savings account (legend)
Exclusive savings account (pinnacle)

• (To be added)

- get Legend CC (can be attained ltf) then creat account or link with the credit card (needs 50k IP)
- Seasonal offers

As suggested by @tryabp : if you have spare funds of 5 lac then you can directly open Grande account >> Get Pinnace CC for Free >> Then Downgrade Account to Exclusive.

RBL Bank
Aspire/Signature/Insignia (insignia has an amb requirement)

• High interest rates - 4.25% upto 1L, 5.5% over 1L
• 0 amb
• Lounge access (2/qtr)
• Signature+ debit card - spend 5L in a year and get 2% cashback
• Easy access to RBL credit cards
• Home visit for banking provided in signature variant (eg getting cash delivered home)
• Account number of your choice

Eligibility -
1. Aspire - 1L in SA or CA
2. Signature - 2L in SA or 5L in CA
3. Insignia - 10L in CA
I was offered Aspire for 2L IP and Signature for 5L IP

You can directly open account with the above amounts. Can apply for any debit card or credit card along with the account opening forms

With RBL it's about hitting the right people. An agent who is a signature RM will get you signature account for the same 2L IP. While Aspire RM will push you to get aspire.
Aspire can be gotten for 1L with good negotiation.
I got offered Signature for 2L, but opened aspire with 1L (since I was dealing with aspire rm)

Account opens in 2 days, and they usualy conduct house verification.

Kotak Bank
Privy league accounts

AMB - 50K (Neon Account)
AMB - 0 (Platinum account)

• Essentially get 10% interest on the 50k deposit
• Essentially a premium credit card, with 4 complimentary Priority Pass

- open a neon privy account
- buy privy signature credit card (2800 p.a.)
- spend 1k on the card every month religiously
- get ₹6400 per year
-benefits of the credit card
- premium banking account

SPECIAL MENTION
Regular bank accounts in PSBs
- get rupay select debit card (check here )

• 1 month cult elite
• 1 free spa session
• 1 free medical test
• Golf
• OTT

Easiest account to open should be Bank of Baroda (needs your registered mobile and Aadhaar mobile to be the same)
In-branch experience was best for Indian Bank > BoB > central bank > union bank

If you guys have experience/ info about more accounts, please share. I would update the thread as and when i get those accounts.

 

[shutapdiya]

Try this

Post in thread 'Best Way to pay Credit Card Bill 0.93%- 1% reward (IndusInd- 0.93% and HDFC- 1%) Debit Card' https://www.technofino.in/community...d-0-93-and-hdfc-1-debit-card.4373/post-340335

Don't forget Indus means patience.

Isi msg ki baat kar raha tha mai bhi @4uziaul Bai

 

[samm255]

Called the nearest RBL branch for signature account and talked to RM. He started with 5lakh IP then came down to 3lakh and settled on 2 lakh. He even nodded and said Yes when I asked technically it is zero balance account then told me there is no charges for non-maintenance balance. They normally won't downgrade but sends reminder if balance not maintained for continuous 4/5 months.

 

[Dharm]

Even if he selects, mostly it will be one debit card only, remaining you have to apply and get

He told me that Visa signature card will be dispatched automatically.

(1) Whether we can get another debit card along with this, as you said remaining need to apply.

Are they also useful? I know we can get 0.93% debit card to cc, bigbasket and movie with Visa signature card

(2) What are the features of other card.

 

[4uziaul]

He told me that Visa signature card will be dispatched automatically.

(1) Whether we can get another debit card along with this, as you said remaining need to apply.

Are they also useful? I know we can get 0.93% debit card to cc, bigbasket and movie with Visa signature card

(2) What are the features of other card.

Refer to this table:

Post in thread 'Best Way to pay Credit Card Bill 0.93%- 1% reward (IndusInd- 0.93% and HDFC- 1%) Debit Card' https://www.technofino.in/community...d-0-93-and-hdfc-1-debit-card.4373/post-340173

 

[shutapdiya]

He told me that Visa signature card will be dispatched automatically.

(1) Whether we can get another debit card along with this, as you said remaining need to apply.

Are they also useful? I know we can get 0.93% debit card to cc, bigbasket and movie with Visa signature card

(2) What are the features of other card.

So most like he selected visa signature while opening account
You will get it with welcome kit

You can apply for MC World Select Debit (through branch/ customer care) which has same benifits as that of Visa Signature

Then Visa Platinum also you can take, which can be directly applied from app
It also gives RP on CC payment

There is one more which is virtual only debit card, I dont remember its name as its useless

 

[Dharm]

So most like he selected visa signature while opening account
You will get it with welcome kit

You can apply for MC World Select Debit (through branch/ customer care) which has same benifits as that of Visa Signature

Then Visa Platinum also you can take, which can be directly applied from app
It also gives RP on CC payment

There is one more which is virtual only debit card, I dont remember its name as its useless

Ok, means we can keep all 4 debit cards active at a time, and use as per our needs and offers available?

Will apply all remaining cards simultaneously, after my linking completed

 

[Rohan]

For Rupay DC any Specific Account Variant?

Do you have RBL Rupay DC ?
Is it Rupay Platnuim ?

When I opened account I got Classic VISA but currently they are providing just Rupay DC (Not Platinum).

 

[Mforvendetta]

Eligibility aur Amb same words nahi hote.

Amb is 1/4 of eligibility. Docs me dekhna dikhega.

Wo change hua ho toh bolo

Could you please help me out here?
I'm planning to open a Privy League Neon savings account with the main purpose of receiving a credit card offer from Kotak. I have some queries regarding it.

Is this eligibility criteria of 2L means I have to do an IP of 2L first and then later, I could maintain just 50K as AMB in the account to retain Neon's benefits? If that's the case, how much time would I have to hold 2L in the account before moving to 50K?

And Would I get a CC offer pretty soon?

Sorry if all these queries seem pretty basic, I am pretty much a newbie here and can't get my head around some of these terms.

Thanks.

 

[saucy]

Could you please help me out here?
I'm planning to open a Privy League Neon savings account with the main purpose of receiving a credit card offer from Kotak. I have some queries regarding it.

Is this eligibility criteria of 2L means I have to do an IP of 2L first and then later, I could maintain just 50K as AMB in the account to retain Neon's benefits? If that's the case, how much time would I have to hold 2L in the account before moving to 50K?

And Would I get a CC offer pretty soon?

Sorry if all these queries seem pretty basic, I am pretty much a newbie here and can't get my head around some of these terms.

Thanks.

I think they are putting some restrain on the credit card issuance, please consult the bank once.

For neon account, you would have to negotiate over IP. Ideally 2L should be good, but they might ask for about 5L.

You can maintain 50k as AMB for neon, yes. For satisfaction, I recommend you check their website for the latest brochure. A few banks have recently changed their criterias..
And last I checked, kotak had not. But just to be sure.

You can move to 50k ideally the very next day but I'd say hold it until end of sept.

Yes you should be able to apply for cc soon enough. Try talking about it along with opening the account. Banks can offer you card right away.

No worries about basic stuff -- would request you to share.your journey and new info if you find

Cheers

 

[Dharm]

H

So most like he selected visa signature while opening account
You will get it with welcome kit

You can apply for MC World Select Debit (through branch/ customer care) which has same benifits as that of Visa Signature

Then Visa Platinum also you can take, which can be directly applied from app
It also gives RP on CC payment

There is one more which is virtual only debit card, I dont remember its name as its useless

He told me that I will automatically get Visa signature, but today I received welcome kit with world select.

Should I activate it or first order Visa signature via customer care, or should I first start Linking of legend card?

 

[shutapdiya]

H

He told me that I will automatically get Visa signature, but today I received welcome kit with world select.

Should I activate it or first order Visa signature via customer care, or should I first start Linking of legend card?

You can activate it

And Visa Signature and Platinum can be directly ordered from app

No need to talk to dumb cc guys

 

[Dharm]

You can activate it

And Visa Signature and Platinum can be directly ordered from app

No need to talk to dumb cc guys

Ok thanks

 

[Trust Me]

He told me that I will automatically get Visa signature, but today I received welcome kit with world select.

Hehe. I had specifically asked for the MC World Select, and got the Visa Signature in my Welcome Kit instead!

Should I activate it or first order Visa signature via customer care, or should I first start Linking of legend card?

So you haven't gotten the Legend card linked to your Select account yet?!

That means your account still needs to maintain AMB, else your DCs would be chargeable! So get the linking done ASAP, or you'll be charged for your DCs if you don't satisfy AMB. Then you'd have to ask for a refund when the linking is done.

 

[Dharm]

Hehe. I had specifically asked for the MC World Select, and got the Visa Signature in my Welcome Kit instead!


So you haven't gotten the Legend card linked to your Select account yet?!

That means your account still needs to maintain AMB, else your DCs would be chargeable! So get the linking done ASAP, or you'll be charged for your DCs if you don't satisfy AMB. Then you'd have to ask for a refund when the linking is done.

I have linked my legend card, I am getting error in mobile banking, but it is done in 2 minutes via net banking.

How to check, that my account converted to 0MAB or not?

 

[4uziaul]

I have linked my legend card, I am getting error in mobile banking, but it is done in 2 minutes via net banking.

How to check, that my account converted to 0MAB or not?

Please wait for some time; it will also reflect in the app.

If it's showing under the same netbanking ID then it's Zero MAB.

 

[Dharm]

Please wait for some time; it will also reflect in the app.

If it's showing under the same netbanking ID then it's Zero MAB.

After how many days, I should order Visa Signature card, tried via netbanking, but found no option for that, only debit card upgrade option there, but it says no upgrade available for your card, I was thinking to get both visa signature and platinum

 

[4uziaul]

After how many days, I should order Visa Signature card, tried via netbanking, but found no option for that, only debit card upgrade option there, but it says no upgrade available for your card, I was thinking to get both visa signature and platinum

You can apply for it as soon as it becomes visible in the app or netbanking.

 

[Dharm]

You can apply for it as soon as it becomes visible in the app or netbanking.

Will it visible in debit card upgrade section or somewhere else

 

[4uziaul]

Will it visible in debit card upgrade section or somewhere else

Not upgrade section, but apply section and I am talking about the app.

 

[Dharm]

Not upgrade section, but apply section and I am talking about the app.

Ok thanks, just seen in app, bank account linking request ID is under processing