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.

 

[saucy]

Some people here have mentioned receiving messages about a downgrade. In any case, it good to keep 20 to 30 lakhs at least with a bank. That way you can directly deal with the manager and they offer coffee and treat you well.
Otherwise what's the point of having a premium account? I don't want to stand in line to do anything.

Yeah. Yet to find a downgrade case.

Understand your sentiments but don't resonate with them. The whole "high" is about beating them in their game.

In my opinion 20-30L with a bank for good relations and a cup of coffee is suicidal.
Losing 3% of interest on a 20L capital is about 60k.
Itna coffee ka Nasha accha nahi

 

[Lobogris]

Yeah. Yet to find a downgrade case.

Understand your sentiments but don't resonate with them. The whole "high" is about beating them in their game.

In my opinion 20-30L with a bank for good relations and a cup of coffee is suicidal.
Losing 3% of interest on a 20L capital is about 60k.
Itna coffee ka Nasha accha nahi

It's not worth it to worry about beating them at the game. A little give and take is good. 20 to 30 lakhs is a comparatively small amount. If I have to keep some amounts in FDs anyway then I can easily choose to move it from X to Y bank as needed. The interest rates are similar. How am I losing 3% or 60k? I have decent amounts with SFBs at 8.5%, more with SBM at similar rates and then some amounts with bigger banks. So if I take say 10 lakhs from HDFC, SBM and somewhere else and move them to Kotak, I am getting roughly similar interest there. Can't keep everything with just SFBs. As it is, I am overexposed to SFBs.

 

[saucy]

It's not worth it to worry about beating them at the game. A little give and take is good. 20 to 30 lakhs is a comparatively small amount. If I have to keep some amounts in FDs anyway then I can easily choose to move it from X to Y bank as needed. The interest rates are similar. How am I losing 3% or 60k? I have decent amounts with SFBs at 8.5%, more with SBM at similar rates and then some amounts with bigger banks. So if I take say 10 lakhs from HDFC, SBM and somewhere else and move them to Kotak, I am getting roughly similar interest there. Can't keep everything with just SFBs. As it is, I am overexposed to SFBs.

samajhdar ko ishara kafi

 

[Lobogris]

Yeah. Yet to find a downgrade case.

Understand your sentiments but don't resonate with them. The whole "high" is about beating them in their game.

In my opinion 20-30L with a bank for good relations and a cup of coffee is suicidal.
Losing 3% of interest on a 20L capital is about 60k.
Itna coffee ka Nasha accha nahi

In case, it wasn't clear, it isn't going to be kept in savings account at 3%. Either ActivMoney at 7% or FD at 7.4%. Later on, if I like their service, maybe I'll just buy some stocks via a demat account to keep the NRV in case I don't want to keep that amount. However, in my experience, it is good to keep a bit like 20 lakhs to remain a somewhat important customer.

 

[Dr. Drake]

is this original post up-to-date? @saucy
Also, if there is any good comment or suggestion, can you add it to the original post or add a link? Really don't want to scroll through 30+pages

 

[saucy]

is this original post up-to-date? @saucy
Also, if there is any good comment or suggestion, can you add it to the original post or add a link? Really don't want to scroll through 30+pages

Well, me neither
It's mostly updated, did make changes up until two months ago.
Will do the rest in some time, thanks for suggesting

 

[kshitij_0]

samajhdar ko ishara kafi

Bhai wo sab to theek hai par aapko 3 words ki special permission mili hai kya

 

[Lobogris]

20-30 L for coffee sounds expensive

Not at all. You get similar interest at most banks. So I have considerable allocation at SFBs and a good amount with larger banks. It's just a matter of moving some from A to B. Normally doesn't cost anything. For me the purpose or main benefit of a premium account is good service. I never want to have to stand in queue to do something. It is extremely important to have direct access to the branch manager and their deputy. They should have some lounge or decent area to sit. They should offer refreshment and have my work done while I sit and have a pleasant chat. To me that is worth MUCH MORE than an extra 1k or 5k in savings or interest. Actually a lounge or refreshment is not that important. Even if I can sit at a desk and the person is smart and helpful, it is fine. Just don't ask me to go stand in queue and fill forms etc. See the RBL Insignia Lounge below. That's my kind of place.

 

[Cc_creditguy]

You can get as much as debit cards you want for one account in Indusind. So, no need to open multiple accounts.

Only con here is : If you have higher variant account like Pioneer /Grande then you wont get Signature Exclusive DC for free! For that you have to open/upgrade to signature account first >> Get free Signature DC / Exclusive World DC >> Upgrade a/c to Grande >> Get free Grande DC / Free Pinnacle CC >> Upgrade to Pioneer >> Get free Pioneer DC. And finally you will have all DC for free.

Some conditions like 299Rs for Grande DC if MAB is not maintained is there but benefits supersedes that charges.

can you explain this a bit more please

 

[kshitij_0]

Not at all. You get similar interest at most banks. So I have considerable allocation at SFBs and a good amount with larger banks. It's just a matter of moving some from A to B. Normally doesn't cost anything. For me the purpose or main benefit of a premium account is good service. I never want to have to stand in queue to do something. It is extremely important to have direct access to the branch manager and their deputy. They should have some lounge or decent area to sit. They should offer refreshment and have my work done while I sit and have a pleasant chat. To me that is worth MUCH MORE than an extra 1k or 5k in savings or interest. Actually a lounge or refreshment is not that important. Even if I can sit at a desk and the person is smart and helpful, it is fine. Just don't ask me to go stand in queue and fill forms etc. See the RBL Insignia Lounge below. That's my kind of place.View attachment 36187

@saucy isliye kahta hun ameer bano ameer.
Tumhare hath me sone ka katora diya fir bhi bheekh mangoge

 

[Vasuki]

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.
-----------------------------------------------------------


ICICI BANK
Wealth Management account

• free cibil score
• cool black theme
• welcome kit
• 0 amb
• visa signature/ mc world
• family banking
• dedicated RM

- 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

Here is a link to read about my whole journey

HDFC BANK
Preferred/Classic Account/Imperia

• dedicated RM
• 0 AMB
• family banking

- 2L/1L amb in existing account for 3 months, then request branch for upgrade
- IP cheque of 2L/1L
- Imperia offered for 5L IP, or 10L balance maintenance

IDFC first Bank
FUTURES FIRST ACCOUNT

0amb account for "premire institutions graduates" i.e. people who have graduated as well.
- can be opened offline only (No institute graduation checked LoL)
- gets signature debit card
- 2% cashback on credit card payment after 20k

My process - I went to the nearest branch. They said they can't open the account. 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.
Apparently you need to fund it to get the debit card

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

• High interest rates - 4.25% upto 1L, 5.5% over 1L
• 0 amb
• Lounge access (2/qtr)

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
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 get you aspire.
Aspire can be gotten for 1L with good negotiation.
I got Signature for 2L

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.

If you can suggest one- two accounts from above. For new person into cc game
Wants to acquire as much cc he can get .
What would you suggest

 

[AritraSaha]

@plastikman

If you can suggest one- two accounts from above. For new person into cc game
Wants to acquire as much cc he can get .
What would you suggest

For maximum cc icici is your best bet.. unlimited cc.

 

[Vasuki]

@plastikman

For maximum cc icici is your best bet.. unlimited cc.

But icici wealth management is going through a churn rn ? People are getting maintenance alert

 

[Nishan11]

But icici wealth management is going through a churn rn ? People are getting maintenance alert

I think most banks should do this & implement the rules so those getting benefit from their bank account,should also give some business to them.

One should not be allowed to open with required IP cheque & then withdraw more than 50% in few months & keep enjoying perks.

It should be two way street. Give business to bank & get benefits from them in return. Banks should also stop being lenient in giving premium accounts at 0 MAB to those who are not maintaining balance in long run.

 

[Lobogris]

I think most banks should do this & implement the rules so those getting benefit from their bank account,should also give some business to them.

One should not be allowed to open with required IP cheque & then withdraw more than 50% in few months & keep enjoying perks.

It should be two way street. Give business to bank & get benefits from them in return. Banks should also stop bein lenient in giving premium accounts at 0 MAB to those who are not maintaining balance in long run.

Fully agree with you. They should degrade along with hefty charges after 3 months to prevent abuse.

 

[Abhay Chauhan]

Fully agree with you. They should degrade along with hefty charges after 3 months to prevent abuse.

Who are u bro?? Are u a CEO of a bank or just planning to own one bank??

 

[Nitheesh]

Fully agree with you. They should degrade along with hefty charges after 3 months to prevent abuse.

So much grudge dude..

 

[Vasuki]

I think most banks should do this & implement the rules so those getting benefit from their bank account,should also give some business to them.

One should not be allowed to open with required IP cheque & then withdraw more than 50% in few months & keep enjoying perks.

It should be two way street. Give business to bank & get benefits from them in return. Banks should also stop bein lenient in giving premium accounts at 0 MAB to those who are not maintaining balance in long run.

Who will maintain 25 lakh trv

Fully agree with you. They should degrade along with hefty charges after 3 months to prevent abuse.

Where does this self judged entitlement comes from ?
We all abuse system within the rules not outside the rule .
Be that getting extra reward or trick to get cc .
Its all loopholes in banking written agreement.
THATS how Corporate saves taxes , thats hows criminal gets bail , thats how government works ,thats how currency works .
Its all these between the lines . Who understands between the lines are successful in milking things extra within the laws

 

[AritraSaha]

But icici wealth management is going through a churn rn ? People are getting maintenance alert

You can open the online zero balance account if you want..

We have to see what icici do with the existing wealth customer who don't maintain balance..

 

[Vasuki]

You can open the online zero balance account if you want..

We have to see what icici do with the existing wealth customer who don't maintain balance..

I have 10 fd based zero balance account .
But i did fd for 2-3 month . 2_ yr back .
Now that account is not much active .
Bcz they never gave any offer

Opened this 25 k account idfc .
65 k consumer durable loan card is showing .
Not takeing but still good to see offer