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.

 

[Vasuki]

like? can you describe pls?

With rbl bank account
U can request for signature+dc 5900 fees
U can get ,1k for 1l cc bill payment/ wallet reload.

 

[zomato]

With rbl bank account
U can request for signature+dc 5900 fees
U can get ,1k for 1l cc bill payment/ wallet reload.

unless I can get that wallet balance back in my amount 🫣

 

[Vasuki]

seems impressive but my spends are not even close lol 😁

Then u should say your plan / priority.

 

[varun__goel_]

Itna v nhi batana hota 🙃

Mne to bhai ka copy paste mardia😝

 

[zomato]

Itna v nhi batana hota 🙃

koi aadmi madad kar rha doc sahab ko bura lag rha

 

[Vasuki]

unless I can get that wallet balance back in my amount 🫣

D i Y research

 

[Vasuki]

koi aadmi madad kar rha doc sahab ko bura lag rha

Its open secret ..

 

[zomato]

Then u should say your plan / priority.

hmmm, decent lounge access(my current IndusInd select dc has almost all lounges covered) and if possible discounts on eating out and lastly a decent probability of getting not so entry level cc on turning 21 in couple of months.

 

[zomato]

D i Y research

means it's possible? 🤨

 

[Vasuki]

means it's possible? 🤨

Ofc its stated policy of the card

 

[zomato]

Ofc its stated policy of the card

no I meant if we can get that wallet balance back in account? which wallet provides this facility?

 

[Vasuki]

no I meant if we can get that wallet balance back in account? which wallet provides this facility?

That's why i said read the thread for signature+ dc .

 

[zomato]

That's why i said read the thread for signature+ dc .

found nothing on it, just basic t&c

 

[Vasuki]

found nothing on it, just basic t&c

a) Your total spends for the month should be 10K+. This can be through a single or through multiple transactions. Cashback on a total spend of Rs 10001/- will be Rs 100/- (i.e. 1%)
b) If your total spends are less than 10K, no cashback

d) Maximum monthly cashback is Rs 1000/- (so you earn no additional benefit once your monthly spends cross 1 lakh)
e) If your yearly spends are greater than 5 lakhs you get an extra Rs 5000/- as vouchers
f) If your yearly spends are greater than 3 lakhs then the annual debit card fees of Rs 1500/- are waived off

 

[Vasuki]

found nothing on it, just basic t&c

If ur spends are not more .
Focus on hdfc Millniea get 400 rs monthly & be happy.
2-3 digital rupay platinum card & save 100 per transaction .

 

[kishorvr]

Did anyone negotiate to get Privy League Platinum for less than 10 lakh cheque or AMB, please tell me how to do the same as well.

 

[zomato]

1 - HDFC ( BEST )
2 - IDFC SELECT/ WEALTH - ( DC WITH GUEST LOUNGE 2+2&3+3
3- RBL ( FOR DC TO PAY CC BILL & LITTLE HIGH INTEREST RATE ON FD )
4- IN TRUE SENSE HNI ACCOUNT ( NOTHING GOOD THAN BURGUNDY 🙂 BUT LTF MAGNUS IS IN DANGER

I visited a different HDFC branch today and when I asked them about these accounts they too appeared clueless then someone came and told 5L and 10L FD for classic and preferred respectively, I said tell me the requirement if I keep savings account balance and then she said 1L and 2L respectively, but I will have to open a savings max account then wait for couple of months then inquire about it again so they can raise a query for this, and didn't guarantee that it will be upgraded or not in couple of months, too much hassle tbh.

IDFC branch employee knew nothing about these variants even BM opened the website to get to know about them, they only told me about three variants 10kMAB 25kMAB and a bsbda account, so nothing beneficial came out of it, another branch is very far away.

no RBL branch nearby and bank itself is so small that my parents will ridicule me.

Axis burgundy criteria is too high.

 

[Vasuki]

I visited a different HDFC branch today and when I asked them about these accounts they too appeared clueless then someone came and told 5L and 10L FD for classic and preferred respectively, I said tell me the requirement if I keep savings account balance and then she said 1L and 2L respectively, but I will have to open a savings max account then wait for couple of months then inquire about it again so they can raise a query for this, and didn't guarantee that it will be upgraded or not in couple of months, too much hassle tbh.

IDFC branch employee knew nothing about these variants even BM opened the website to get to know about them, they only told me about three variants 10kMAB 25kMAB and a bsbda account, so nothing beneficial came out of it, another branch is very far away.

no RBL branch nearby and bank itself is so small that my parents will ridicule me.

Axis burgundy criteria is too high.

In Hdfc - open saving account then give 1.5 lakh for initial funding . Ask them to request for classic banking .
They will request u will get consent link next day .

For idfc - employee are new .
You need to open 10k account variant.
Then fund 3 lakh for select inital . 5 for wealth .
& Ask bm to request for select / wealth .

If they don't do it in 14 days u can close the account 😅

Rbl are in city .. they know about it .who r old employees

 

[varun__goel_]

I visited a different HDFC branch today and when I asked them about these accounts they too appeared clueless then someone came and told 5L and 10L FD for classic and preferred respectively, I said tell me the requirement if I keep savings account balance and then she said 1L and 2L respectively, but I will have to open a savings max account then wait for couple of months then inquire about it again so they can raise a query for this, and didn't guarantee that it will be upgraded or not in couple of months, too much hassle tbh.

You can get upgraded to classic/preferred as soon as you have 1L/2L in your acc. There's no need to maintain for months and can be done even if you hold regular savings acc.
Branch officials are just forcing max acc for their commissions

 

[zomato]

In Hdfc - open saving account then give 1.5 lakh for initial funding . Ask them to request for classic banking .
They will request u will get consent link next day .

For idfc - employee are new .
You need to open 10k account variant.
Then fund 3 lakh for select inital . 5 for wealth .
& Ask bm to request for select / wealth .

If they don't do it in 14 days u can close the account 😅

Rbl are in city .. they know about it .who r old employees

also the HDFC employees were like "you will not get these variants because you are student" I be like how so? where is it written that students cannot get these variants, I don't think so this is the branch I should go for.

3L is a lot tho max I can do is 2L should I keep my business in IndusInd only?