Thinking to Downgrade IDFC Account

[TheGuy]

I already have IDFC Wealth CC.
I do not use IDFC Signature Debit Card (got it blocked when they were thinking to charge annual fee).

I do not see any difference between 25k MAB acc and 10k MAB acc. Please enlighten if there is.
I do not want the obligation to keep 25K else penalty.
Also, I am wanting to move expenses to HDFC for probably Core CC offer.

Edit: I have 25k MAB acc not wealth. 😛
Comments?

 

[panthr]

From what I heard, IDFC does not downgrade wealth account. Isn't that true?

 

[quino]

i didn't see anyone in idfc wealth getting charged MAB charges, you can ask your RM & tell him if you're charged then you'll close the account.

 

[TheGuy]

i didn't see anyone in idfc wealth getting charged MAB charges, you can ask your RM & tell him if you're charged then you'll close the account.

I am not Wealth customer, I just have wealth CC. 😛

 

[quino]

ask if they can upgrade your acc to select/wealth based on your wealth cc.

 

[TheGuy]

ask if they can upgrade your acc to select/wealth based on your wealth cc.

will do that.

Thanks for the idea.

 

[AritraSaha]

I already have IDFC Wealth CC.
I do not use IDFC Signature Debit Card (got it blocked when they were thinking to charge annual fee).

I do not see any difference between 25k MAB acc and 10k MAB acc. Please enlighten if there is.
I do not want the obligation to keep 25K else penalty.
Also, I am wanting to move expenses to HDFC for probably Core CC offer.

Edit: I have 25k MAB acc not wealth. 😛
Comments?

Get your account to future first.. 0 balance & free visa signature dc.

 

[Rahul Gupta]

I already have IDFC Wealth CC.
I do not use IDFC Signature Debit Card (got it blocked when they were thinking to charge annual fee).

I do not see any difference between 25k MAB acc and 10k MAB acc. Please enlighten if there is.
I do not want the obligation to keep 25K else penalty.
Also, I am wanting to move expenses to HDFC for probably Core CC offer.

Edit: I have 25k MAB acc not wealth. 😛
Comments?

They will not charge for dc. Btw you can downgrade your account to either 10k mab or zero bal future first and still keep your exsting dc. Idfc is not blocking old dc on account degrade.

 

[TheGuy]

They will not charge for dc. Btw you can downgrade your account to either 10k mab or zero bal future first and still keep your exsting dc. Idfc is not blocking old dc on account degrade.

I got it hotlisted a year ago. Should I get it re-issued?
Wasn't useful as had SBI Yono and HDFC Platinum. And ATMs and Cash not an issue in New Delhi (Central), UPI used everywhere.

Mailed for Future First, they are slow in responding.

 

[AritraSaha]

I got it hotlisted a year ago. Should I get it re-issued?
Wasn't useful as had SBI Yono and HDFC Platinum. And ATMs and Cash not an issue in New Delhi (Central), UPI used everywhere.

Mailed for Future First, they are slow in responding.

There is future first thread follow that plz.

 

[theda]

I got it hotlisted a year ago. Should I get it re-issued?
Wasn't useful as had SBI Yono and HDFC Platinum. And ATMs and Cash not an issue in New Delhi (Central), UPI used everywhere.

Mailed for Future First, they are slow in responding.

Do let us about their reply.

I also wanted to downgrade my account so visited branch but they straight up denined to convert it.

Raised a complaint and a week later got a call from branch saying they can downgrade to BSBDA pratham account but
not future first.

 

[vaibhav111vaibhav111 is verified member.]

can anyone point me to,

I already have IDFC Wealth CC.
I do not use IDFC Signature Debit Card (got it blocked when they were thinking to charge annual fee).

I do not see any difference between 25k MAB acc and 10k MAB acc. Please enlighten if there is.
I do not want the obligation to keep 25K else penalty.
Also, I am wanting to move expenses to HDFC for probably Core CC offer.

Edit: I have 25k MAB acc not wealth. 😛
Comments?

7% interest on saving on monthly basis is good i would say.. keep the MAB Required.. cause you would keep that much amount somewhere.

 

[Rahul Gupta]

can anyone point me to,

7% interest on saving on monthly basis is good i would say.. keep the MAB Required.. cause you would keep that much amount somewhere.

7% on bal above 5 lakhs. It was above 10 lakh previously but they changed it in sep.

 

[COSMOCRAT]

Do let us about their reply.

I also wanted to downgrade my account so visited branch but they straight up denined to convert it.

Raised a complaint and a week later got a call from branch saying they can downgrade to BSBDA pratham account but
not future first.

Complaint to whom? Ombudsman?

 

[theda]

Complaint to whom? Ombudsman?

No, IDFC customer care

 

[COSMOCRAT]

No, IDFC customer care

Are you required to visit the branch for downgrade?

 

[Anonymous ツ]

How did you get wealth cc?

 

[xfactcc]

Mailed for Future First, they are slow in responding.

Isn't it reserved for students and apparently converts to regular account once you turn 30 I read somewhere here.

 

[xfactcc]

Do let us about their reply.

I also wanted to downgrade my account so visited branch but they straight up denined to convert it.

Raised a complaint and a week later got a call from branch saying they can downgrade to BSBDA pratham account but
not future first.

Escalate... Escalate...Escalate.

Keep the subject centred around 'denial of service' which is pretty serious charge and demand why they won't, what are the terms etc.

 

[TheGuy]

Isn't it reserved for students and apparently converts to regular account once you turn 30 I read somewhere here.

Yes it was mentioned in Future First thread but bank website doesn't say anything afaik.

Asked them If former students can convert.