• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

SBI Wealth upgrade

Apply For Lifetime Free IDFC First Credit Card
R

RajBlr

TF Ace
VIP Lounge
Finally reached out to SBI BM and he said that is a good idea and why not upgrade yours to Wealth account and you will get the Rupay Select DC and credit card etc. which already @Abhishek012 updated here in this forum in Jan 😉

Anyway, smooth experience in upgrading my account to enjoy some perks on the DC and any CC which I will get with it.(some surprise may be on CC, let's see, will update)

DC came in, in the welcome kit by default.

Here are some snaps of the same.

Now need to start exploring the DC benefits 🤑 🙂


temp_WhatsApp Image 2024-04-05 at 00.00.11_860975e4.jpg

1712255580997.jpeg

1712255639044.jpeg
 
Apply For LTF AU LIT Credit Card
Sort by date Sort by votes
BCh said:
I've converted my salary account to wealth recently...not yet applied for CC ...please update if you manage to get any good CC as LTF.
Click to expand...
I too hold a salary account with SBI. Somewhere I read that once salary account is upgraded to wealth, it still shows as salary account. Were you able to see wealth account mentioned in net banking or yono
 
Upvote 0 Downvote
SonyTom said:
I too hold a salary account with SBI. Somewhere I read that once salary account is upgraded to wealth, it still shows as salary account. Were you able to see wealth account mentioned in net banking or yono
Click to expand...
Are you sure? Does that mean Rishtey family banking program with free services is available in wealth with 2l plus salary
 
Upvote 0 Downvote
RajBlr said:
No separate application needed, by default as part of on-boarding process after you fill the Migrate form for Wealth upgrade, you will get the Debit card depending upon the TRV you hold.
]
Click to expand...

Any link for this "Migrate form for Wealth upgrade"?

Is it mandatory to sign up for the demat account as well?
.
 
Upvote 0 Downvote
Trust Me said:
Any link for this "Migrate form for Wealth upgrade"?

Is it mandatory to sign up for the demat account as well?
.
Click to expand...
You just tell your Branch manager and he will connect you to the Wealth Manager(RM) of your area and he will bring the said form to do the on-boarding.

No Demat account is needed.

But as part of the Wealth Account, they open a Investment account, where if you want you can buy Mutual funds and other investment portfolio available there. That's the concept of the Wealth account, you can manage your investment under one single account/umbrella or so. But I have Zero Investment as of now 🙂

Plus you get little SPAM emails from Daily Wealth update of the Market and the Funds etc
 
Upvote 0 Downvote
RajBlr said:
Finally reached out to SBI BM and he said that is a good idea and why not upgrade yours to Wealth account and you will get the Rupay Select DC and credit card etc.
Click to expand...
RajBlr said:
You just tell your Branch manager and he will connect you to the Wealth Manager(RM) of your area and he will bring the said form to do the on-boarding.
Click to expand...

Mine actually tried to dissuade me from upgrading ("Why do you want to upgrade to Wealth? There is not much point in upgrading.")! 🙂 --- It's not an Wealth branch.

So I sent an email directly to WM, asking them to contact me, --- which they finally did after repeated reminders, --- after 10 days!

It transpired that some other WM branch would actually handle my account, and I was promised that they would forward my request to the relevant person.

It took another 10 days of prodding and reminders before that person finally called! --- It would take another couple of weeks for them to finally start the process of upgrading because of election duty followed by leave!

It appears that they are not much interested in chicken feed!

RajBlr said:
... as part of the Wealth Account, they open a Investment account, where if you want you can buy Mutual funds and other investment portfolio available there. That's the concept of the Wealth account, you can manage your investment under one single account/umbrella or so.
Click to expand...

Can't this be postponed till the time I feel an actual need for such services? I am not particularly comfortable with the idea of signing up for "irrevocably" giving others transaction rights on my behalf.
.
 
Upvote 0 Downvote
Trust Me said:
Mine actually tried to dissuade me from upgrading ("Why do you want to upgrade to Wealth? There is not much point in upgrading.")! 🙂 --- It's not an Wealth branch.

So I sent an email directly to WM, asking them to contact me, --- which they finally did after repeated reminders, --- after 10 days!

It transpired that some other WM branch would actually handle my account, and I was promised that they would forward my request to the relevant person.

It took another 10 days of prodding and reminders before that person finally called! --- It would take another couple of weeks for them to finally start the process of upgrading because of election duty followed by leave!

It appears that they are not much interested in chicken feed!



Can't this be postponed till the time I feel an actual need for such services? I am not particularly comfortable with the idea of signing up for "irrevocably" giving others transaction rights on my behalf.
.
Click to expand...
Trust Me, you can trust me on this, I have Investment account with other bank also, so do not worry about that last line you have written.

Only thing is they will lure you to sign a form to deduct some money from your account to Investment account to start with, but you can deny them or tell them like, I will do it myself after getting the migration to Wealth done sort of. Just ensure any docs you sign you read it carefully before signing, as they will try to take some forms here and there.

Mine was smooth as I did somewhere closure to March end and a immediate call from Wealth RM after branch manager was intimated by me on my interest to switch.

But yes, not much changes in the account, except the Wealth select Debit card you get and the CC for 1year you get with it. I am yet to put the Debit card to use itself, as my portals are denying to add that card for paying the CC payment(Payzap and others so far I tried)
 
Upvote 0 Downvote
shivamk said:
Did you get any updates bro?
Click to expand...
It is official and but mine is struck for different reason, lot of CC and limit is excess BLAH BLAH non-sense.

I am trying to educate them saying, see the usage ratio and the payment track etc., but they are blaming it on their CIBIL team saying, they need to approve. Let's see how it goes.

But if you get converted, you can get the Aurum card for FYF.
 
Upvote 0 Downvote
RajBlr said:
It is official and but mine is struck for different reason, lot of CC and limit is excess BLAH BLAH non-sense.

I am trying to educate them saying, see the usage ratio and the payment track etc., but they are blaming it on their CIBIL team saying, they need to approve. Let's see how it goes.

But if you get converted, you can get the Aurum card for FYF.
Click to expand...
Got it. Thanks for sharing the details.
 
Upvote 0 Downvote
Hi, My dad who retired recently got a physical letter mailed to the home address along with a form to upgrade to SBI Wealth. Since I do not have much idea about it & he is little skepticle whether upgrading will incur unnecessary charges. I will be obliged if you guys can help me out with a few questions:

1. Whether to upgrade .(If yes which card & facilities to choose)?

2. Exclusive benifits if any that will help?


I am posting the form & welcome letter (crop pic) for reference. Thanks in advance.
 

Attachments

  • IMG_20240816_140049.jpg
    IMG_20240816_140049.jpg
    79.4 KB · Views: 50
  • IMG_20240816_140022.jpg
    IMG_20240816_140022.jpg
    1.4 MB · Views: 50
Upvote 0 Downvote
COmM4nDer said:
Hi, My dad who retired recently got a physical letter mailed to the home address along with a form to upgrade to SBI Wealth. Since I do not have much idea about it & he is little skepticle whether upgrading will incur unnecessary charges. I will be obliged if you guys can help me out with a few questions:

1. Whether to upgrade .(If yes which card & facilities to choose)?

2. Exclusive benifits if any that will help?


I am posting the form & welcome letter (crop pic) for reference. Thanks in advance.
Click to expand...
1. If you get Rupay Select debit card, take it. Code: SRW

2. Nothing much unless you want them to manage your money.
 
Upvote 0 Downvote
RajBlr said:
Finally reached out to SBI BM and he said that is a good idea and why not upgrade yours to Wealth account and you will get the Rupay Select DC and credit card etc. which already @Abhishek012 updated here in this forum in Jan 😉

Anyway, smooth experience in upgrading my account to enjoy some perks on the DC and any CC which I will get with it.(some surprise may be on CC, let's see, will update)

DC came in, in the welcome kit by default.

Here are some snaps of the same.

Now need to start exploring the DC benefits 🤑 🙂


View attachment 48755

View attachment 48756

View attachment 48757
Click to expand...
Hi

I am looking to upgrade to family wealth banking based on TRV criteria.

Iam looking to get Rupay Select Debit Card as per this thread.

Which Credit Card should I go for ?
Also any scope of LTF CC, if I am okay with a lower variant too.
 
Upvote 0 Downvote
You must log in or register to reply here.

Similar threads

S
SBI Wealth Upgradation Under the IIT Offer 101
2 3
Replies
40
Views
2K
Credit_Cards
Credit_Cards
L
SBI wealth debit card benefits
Replies
2
Views
277
Trust Me
T
|V|
  • Question Question
IDFC select to wealth upgrade done after card closure request
Replies
10
Views
1K
MS R
MS R
EnthuCC
  • Question Question
IDFC Select to Wealth upgrade
10 11 12
Replies
223
Views
11K
Credit_Cards
Credit_Cards
rrsji
  • Question Question
FAQ: SBI wealth account upgrade to IIT/IIM/Other univ.
4 5 6
Replies
115
Views
6K
adnanpasha3711
adnanpasha3711
Back
Top