Priority or Privileged Bank Account (Need Suggestions)

[wolfdalalstreet]

Some banks offer specific priority or privileged bank accounts where you need to keep a certain balance in your Savings Account (say 4 Lakhs or 5 Lakhs or more). They offer benefits on Debit Cards and Credit Cards etc on such accounts.

I need suggestions from this forum as to do you have hold/know of such bank accounts? If yes, which bank, variant and what are the benefits.

 

[wolfdalalstreet]

I have HDFC Preferred, Axis Priority, Kotak Premia Privy League, ICICI silver, Indusind Max Active (25K MAB)

Which one offers the max reward?

 

[BankExpertIndia]

First HDFC Preferred
Second IndusInd Exclusive
Third Axis Priority / Burgundy
Fourth ICICI / Kotak
Fifth IDFC Classic

 

[Souvik]

Which one offers the max reward?

In fact that's a very good question you've asked. From stability perspective HDFC is better. As far as offers are concerned IDFC is doing well. Avoid ICICI and maybe axis too. IndusInd can work out (I have not tested it yet)

 

[BankExpertIndia]

Axis is insanely slow and always gets on your nerves

My Experience Is Axis Is Good Because Of 2 Reasons

1. I Know The BM Well
2. Don't Use The Axis Account Very Much

 

[BankExpertIndia]

In fact that's a very good question you've asked. From stability perspective HDFC is better. As far as offers are concerned IDFC is doing well. Avoid ICICI and maybe axis too. IndusInd can work out (I have not tested it yet)

For The Stability... HDFC Is At A Pro Level... They Launch Every New Features Very Carefully...

 

[Souvik]

I have HDFC Preferred, Axis Priority, Kotak Premia Privy League, ICICI silver, Indusind Max Active (25K MAB)

Kotak Premia Privy League - Hows that ?

 

[Souvik]

I don't know
I opened just last week ... I'll keep updating

Which one did you opt for ? https://www.kotak.com/en/personal-banking/privy-league/privy-services/eligibility.html

 

[Souvik]

Privy League Prima

Once you're through with the setup, do let us know in a separate thread what benefits we have for Prima/Optima/Insignia/Maxima

 

[Parvesh Goyal]

My experience with HDFC Preferred is very smooth. Not even a single penny has been charged in the name of consolidation, sms or any other charges till date. Secondly HDFC is very matured bank. Holding all of my accounts (Current accounts and savings account of family) in HDFC. Having accounts in Axis Bank also but the service is very pathetic and moreover every month they are charging in the name of sms charges or other bullshit. Now planning to close all accounts in Axis Bank.

 

[BankExpertIndia]

HDFC is very strategic
Having HDFC account helps in ways one won't usually expect

Can You Please Give Some Examples?

 

[BankExpertIndia]

Good facility for huge CDLs at no cost, known as HDFC no cost EMI. I got 2.8L limit which most people don't have.

See, nothing out of the blue. But HDFC bank is better than many, speaking as a person who has 10+ accounts in major banks.

What Is CDL(Is It Cash Deposit Limit) Or Any Other Thing. Is 2.8L Is The CC Limit?

 

[wolfdalalstreet]

First HDFC Preferred
Second IndusInd Exclusive
Third Axis Priority / Burgundy
Fourth ICICI / Kotak
Fifth IDFC Classic

I have an HDFC Classic with a Debit Card that provides lounge access. Plus I have a Regalia. How does HDFC Preferred provide more than Classic?

 

[BankExpertIndia]

I have an HDFC Classic with a Debit Card that provides lounge access. Plus I have a Regalia. How does HDFC Preferred provide more than Classic?

Not Much Difference In Between Classic Vs Preferred Vs Imperia

 

[Parvesh Goyal]

Not Much Difference In Between Classic Vs Preferred Vs Imperia

Major difference is in locker rent. In Preferred 50% discount and in Imperia 100% discount. I don't know much about Classic. 0 balance requirement in Preferred and Imperia.

 

[SC_23]

I suggest preferred but yes no difference

How can you forget gold ui in netbanking

 

[007]

What benefits does Classic offer over and above the Savings Max account (other than a dedicated marketing guy)?

 

[SC_23]

What benefits does Classic offer over and above the Savings Max account (other than a dedicated marketing guy)?

Family banking program

 

[007]

Family banking program

Any other benefit(s)?

 

[alphadark7]

I've Imperia, you also get your DMAT fees waived off on Imperia, so no charges for DMAT (condition: 1 transaction in a year)
Locker 100% waived off if you get locker from HDFC