What tiers are these, please?
Which priority service and banking products are you referring to and what better offers?
Where have you heard this, please?
Private banking tiers are not visible in India. They are checked internally because only a select few individuals currently hold these accounts in the country. In my opinion, as more people become eligible for these accounts, additional categories—similar to wealth management tiers—will be introduced, just as they are in other countries. This information was shared with me directly by the private banking customer care team.
You get all the same services in this account as those offered in the top tier of wealth management. The only difference is the debit card. Additionally, whenever you apply for a loan or a new service, you will be offered the best interest rates—possibly even better than what wealth customers receive—because you are among the bank’s highest-tier customers. However, this ultimately depends on the individual case. Only time will tell whether the bank delivers the services as they claim.
Most welcome 😊
My DBM told me about it last March while opening a WM account. He asked me to do an IP of 30L for Private Banking. But I choose to open WM with 1L IP. I recently got an upgrade to Private Banking for the Times Black card and I got the Wealth Select Visa Infinite DC with my existing WM MC World DC.
Good to know that you could open WM with 1L cheque. I am asked for 5L IP and I am trying other branches to see if anyone allows with a lesser amount.
Thank you @Anindya98
Just apply with the same number, you will get the card pre approved as last time. Existing Customer will get the card pre approved.
doesn't work like that. it just says your application is approved and cant do anything here.
You will have to wait for sometime, the system will delete the previous lead. Told by my Salary Account RM. I have not verified it by myself.
Can anyone answer this please? Would love to know if they changed it or ill still get the Private Banking upgrade.
correct, it was for early users not upgrading accounts now
That's sad news. Was looking forward to the LTF debit card.
we can always negotiate, My RM is useless incase yours is better may try
I Dont have a High TRV sadly, so no chance. My only option was this upgrade path. Oh well.
no , it says i have the card but i actually cancelled it before... i cancelled it more than 1 month back,.
it doesn't matter. Talk to customer care, if they deny, talk to RM, if they deny, start email process, first normal customer care, and then nodal etc. Make sure the service request no. is same for all follow up emails so that there isn't any confusion.
