Seeking suggestion for a bank account with 5L IP

[diptarkaroy]

Hello,

I’m planning to open a bank account with 5L initial deposit. What should be the best choice?

I already have Indusind, ICICI, HDFC accounts. Will IDFC be the best choice? Do they provide Wealth account with 5L deposit?

 

[NABNAB is verified member.]

Yes, IDFC is a good choice.
Some branches allow Wealth Accounts with 5 Lac IP, but most want 10 Lac. Still, March ending is near. Try your luck.

 

[akiratoriyama]

Does making an account with high funding in hdfc help get better cards in the future?

 

[NABNAB is verified member.]

Does making an account with high funding in HDFC help get better cards in the future?

Nope. HDFC mostly goes after the spending. If you have good spending, then they will happily issue super premium cards. OR you fulfill salary/ITR criteria.

 

[kuchbhikuchbhi is verified member.]

Nope. HDFC mostly goes after the spending. If you have good spending, then they will happily issue super premium cards. OR you fulfill salary/ITR criteria.

yeah simply opne a 10k account instead and wait for pre approved offers

Does making an account with high funding in hdfc help get better cards in the future?

 

[diptarkaroy]

Yes, IDFC is a good choice.
Some branches allow Wealth Accounts with 5 Lac IP, but most want 10 Lac. Still, March ending is near. Try your luck.

Do they have unconditional lounge access on their debit cards?

 

[NABNAB is verified member.]

Do they have unconditional lounge access on their debit cards?

Yes, 3+3. (Member+Companion)