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
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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.

 

[Dharm]

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

Now it's visible and I have applied for visa signature, should I simultaneously apply for platinum also, or should I wait for signature to receive and activate, and then apply for platinum.

And where can I check for 0 MAB, to withdraw my fund?

 

[Survivor35]

Now it's visible and I have applied for visa signature, should I simultaneously apply for platinum also, or should I wait for signature to receive and activate, and then apply for platinum.

And where can I check for 0 MAB, to withdraw my fund?

You may go ahead and apply for remaining cards,

If it shows 0 mab in relationship status you can withdraw funds.

 

[Dharm]

You may go ahead and apply for remaining cards,

If it shows 0 mab in relationship status you can withdraw funds.

Where can I find relationship status, in app or in website?

 

[Survivor35]

Net

Where can I find relationship status, in app or in website?

Netbanking

 

[Dharm]

Where can I find relationship status, in app or in website?

But where to find netbanking relationship status, I have opened netbanking, it display relationship summary, where all cards and account visible, but not able to find relationship status mentioned

 

[4uziaul]

But where to find netbanking relationship status, I have opened netbanking, it display relationship summary, where all cards and account visible, but not able to find relationship status mentioned

It's not explicitly mentioned. How did you get the idea that it's mentioned somewhere in Netbanking that it's Zero MAB?

It's only in the Bank SOC.

 

[Dharm]

It's not explicitly mentioned. How did you get the idea that it's mentioned somewhere in Netbanking that it's Zero MAB?

It's only in the Bank SOC.

@Survivor35 bro mentioned here

Premium Bank accounts to collect (usually with 0mab)

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...

www.technofino.in

 

[Dharm]

It's not explicitly mentioned. How did you get the idea that it's mentioned somewhere in Netbanking that it's Zero MAB?

It's only in the Bank SOC.

So how can we confirm that it's converted to 0 MAB, means if I withdraw funds, and if they charged me? Just cautious, thaswhy asking

 

[4uziaul]

@Survivor35 bro mentioned here

Premium Bank accounts to collect (usually with 0mab)

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...

www.technofino.in

I think he is referring to the monthly statement, but sometimes it's not explicitly mentioned as 'Zero MAB.' They sometimes refer to it as 'Relationship Criteria' that needs to be maintained.

Anyway, since you are being overly cautious , you can email them at socialm@indusind.com.

 

[TheTrickySid]

@Survivor35 bro mentioned here

Premium Bank accounts to collect (usually with 0mab)

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...

www.technofino.in

I think he is referring to the monthly statement, but sometimes it's not explicitly mentioned as 'Zero MAB.' They sometimes refer to it as 'Relationship Criteria' that needs to be maintained.

Anyway, since you are being overly cautious , you can email them at socialm@indusind.com.

Indusind Bank Non Mantainence Account Offer

I did a mail to Indusind Bank Exclusive ID to confirm my account is Zero Balance or Not. THey raised a request for Account closure. Really Funny Bank. Only FD Interest seems interesting Haha Without written permission they can’t close

www.technofino.in

 

[Dharm]

I think he is referring to the monthly statement, but sometimes it's not explicitly mentioned as 'Zero MAB.' They sometimes refer to it as 'Relationship Criteria' that needs to be maintained.

Anyway, since you are being overly cautious , you can email them at socialm@indusind.com.

I have mailed them, and received a called from social team today that my MAB is still showing 50000 to them, and I should check with credit card team, which card should be linked.

I share him with 2 request ID which I used to link account 1 raised from mobile and other from net banking. He told me that this linking is only for view access to see both card and bank account in same net baking or mobile account.

First I have to call credit card team to confirm which card to be linked.

And then visit branch to link account.
Means my 2 service request are no use according to them.

I have asked him to share MAB detail on mail also.


Anyone faced issue like this before, as my account are visible in mobile banking and internet banking.

But it's weird situation, what kind of linking he required now?

 

[gigachad]

I have mailed them, and received a called from social team today that my MAB is still showing 50000 to them, and I should check with credit card team, which card should be linked.

I share him with 2 request ID which I used to link account 1 raised from mobile and other from net banking. He told me that this linking is only for view access to see both card and bank account in same net baking or mobile account.

First I have to call credit card team to confirm which card to be linked.

And then visit branch to link account.
Means my 2 service request are no use according to them.

I have asked him to share MAB detail on mail also.


Anyone faced issue like this before, as my account are visible in mobile banking and internet banking.

But it's weird situation, what kind of linking he required now?

If your account is linked with cc.. then no need to maintain..

Its bank t&c.

 

[Rohan]

I have mailed them, and received a called from social team today that my MAB is still showing 50000 to them, and I should check with credit card team, which card should be linked.

I share him with 2 request ID which I used to link account 1 raised from mobile and other from net banking. He told me that this linking is only for view access to see both card and bank account in same net baking or mobile account.

First I have to call credit card team to confirm which card to be linked.

And then visit branch to link account.
Means my 2 service request are no use according to them.

I have asked him to share MAB detail on mail also.


Anyone faced issue like this before, as my account are visible in mobile banking and internet banking.

But it's weird situation, what kind of linking he required now?

It's quit common around IndusInd. Maintain 50K in ac till this issue resolved.

Visit branch one fine day and ask them to you want to know CC customer id & AC customer id. After getting both ids if it is same then no need to worry if not ask them to merge it.

Do visit branch early morning to make their work start with yours.

 

[4uziaul]

I have mailed them, and received a called from social team today that my MAB is still showing 50000 to them, and I should check with credit card team, which card should be linked.

I share him with 2 request ID which I used to link account 1 raised from mobile and other from net banking. He told me that this linking is only for view access to see both card and bank account in same net baking or mobile account.

First I have to call credit card team to confirm which card to be linked.

And then visit branch to link account.
Means my 2 service request are no use according to them.

I have asked him to share MAB detail on mail also.


Anyone faced issue like this before, as my account are visible in mobile banking and internet banking.

But it's weird situation, what kind of linking he required now?

Why are you overcomplicating things? Can you access both your account and credit card using the same Netbanking ID? If you can, then it effectively has a ZERO MAB. This is why I always advise people not to contact customer care because they are not very helpful. However, if you want to be sure, just attach the Select Account SOC and ask them to refer to it.

 

[Dharm]

Why are you overcomplicating things? Can you access both your account and credit card using the same Netbanking ID? If you can, then it effectively has a ZERO MAB. This is why I always advise people not to contact customer care because they are not very helpful. However, if you want to be sure, just attach the Select Account SOC and ask them to refer to it.

Actually I received a call from social team, thatswhy I messege here, after that call to double check, I again call normal customer care, and he is also saying that my MAB is 50000 as per my profile

 

[4uziaul]

Actually I received a call from social team, thatswhy I messege here, after that call to double check, I again call normal customer care, and he is also saying that my MAB is 50000 as per my profile

Is it showing under one ID?

 

[Dharm]

Is it showing under one ID?

Means I am logging to my mobile banking then it's visible there as well as same case with internet banking,

But social team is saying that this is only for view access, not for 0 MAB, both social team and customer care are saying that as per my profile, my MAB is 50000

 

[gigachad]

Means I am logging to my mobile banking then it's visible there as well as same case with internet banking,

But social team is saying that this is only for view access, not for 0 MAB, both social team and customer care are saying that as per my profile, my MAB is 50000

IMHO indusind bank is headache..
Customer care is dogs#it..

I dorment their account..

 

[4uziaul]

Means I am logging to my mobile banking then it's visible there as well as same case with internet banking,

But social team is saying that this is only for view access, not for 0 MAB, both social team and customer care are saying that as per my profile, my MAB is 50000

Then ignore, it's Zero MAB.

 

[Dharm]

Then ignore, it's Zero MAB.

Ok Will try to debit some fund from account and so that it will be less then 50k, and will check what happens, what are the charges for non maintenance of MAB.