What if mens ICICI Wealth Management Showing in IMobile app?

[Deleted member 7241]

Earlier I Had Mine account ...later My iMobile Theme Changed to Black..and It Shows Wealth Management Logo.

l Closed Mine account and Now I Just have Amazon Pay ICICI CC..with 510,000 limit.

So..Is there any Benefit Of Wealth Management account ?

 

[hks789]

Why don't you directly open wealth management savings account with 10L initial funding.

They won't allow 2 savings account with same PAN. For existing account they are asking for 20L transactions for 3 months.

As per them I need to close my existing 11 year account and open a new one with 5L cheque for wealth. But loosing old account number is a hassle as I have given this account for refunds/credits for my investments.

But I am thinking about opening a new account for my parents with 5L and add my old account to wealth family program.
Need to think this through as I am not really planning to keep 1L plus in savings account all the time.

 

[Patil007]

They won't allow 2 savings account with same PAN. For existing account they are asking for 20L transactions for 3 months.

As per them I need to close my existing 11 year account and open a new one with 5L cheque for wealth. But loosing old account number is a hassle as I have given this account for refunds/credits for my investments.

But I am thinking about opening a new account for my parents with 5L and add my old account to wealth family program.
Need to think this through as I am not really planning to keep 1L plus in savings account all the time.

I have salary account with ICICI and they opened my Wealth account also seperately.

So, I have two accounts.

I think Salary is also considered as saving account only.

 

[NOOBY]

Why don't you directly open wealth management savings account with 10L initial funding.

Didn't knew Wealth Management criteria was NRV of 10L, will check with RM but I negative hopes...

They aren't even offering me Coral/Rubyx LTF Credit card, keeping in mind I have 5L Credit limit + salary account since 4 years (NRV of 10L+) with the bank even after mailing to headservicequaity@icicibank and headcreditcards@icicibank 🙁 🙁

I think I need to move my salary account to some other bank like HDFC

Banks take their old customer for granted..... I am a six months old customer.. Opened as regular salary account... Upgraded to last month as titanium salary account....

In kotak I have 6 years old 811 account till date no pre approved offer for credit card... People who are recently opening account... They are getting in 1-3 months only.... Without any maintenance or spends...

Sadly, this feels true 🙁

 

[Akshay9512]

You got wealth management because of your CC limit
In ICICI
If your cc have limit of 3L+ you get privileged status.
And if your cc have limit of 5L+ you get wealth management status.

What is the use of these status if you only hold a credit card with ICICI?

 

[TheTrickySid]

They won't allow 2 savings account with same PAN. For existing account they are asking for 20L transactions for 3 months.

As per them I need to close my existing 11 year account and open a new one with 5L cheque for wealth. But loosing old account number is a hassle as I have given this account for refunds/credits for my investments.

But I am thinking about opening a new account for my parents with 5L and add my old account to wealth family program.
Need to think this through as I am not really planning to keep 1L plus in savings account all the time.

I have 2 savings accounts on same pan

 

[TheTrickySid]

What is the use of these status if you only hold a credit card with ICICI?

Maybe only priority customer service

 

[Aniket44]

Earlier I Had Mine account ...later My iMobile Theme Changed to Black..and It Shows Wealth Management Logo.

l Closed Mine account and Now I Just have Amazon Pay ICICI CC..with 510,000 limit.

So..Is there any Benefit Of Wealth Management account ?

suppose we open wealth account with initial deposit of 10 lakhs then we withdraw all the amount and starts to maintain only 10-20k in account, will they downgrade us or close our account or charged us...????

 

[TheTrickySid]

suppose we open wealth account with initial deposit of 10 lakhs then we withdraw all the amount and starts to maintain only 10-20k in account, will they downgrade us or close our account or charged us...????

Just keep doing regular transactions, then even keeping 0 balance won't affect

 

[hks789]

I have 2 savings accounts on same pan

Thanks. They agreed to open a new one 😀

 

[avishj]

suppose we open wealth account with initial deposit of 10 lakhs then we withdraw all the amount and starts to maintain only 10-20k in account, will they downgrade us or close our account or charged us...????

Nope they won't ever.

 

[avishj]

Just keep doing regular transactions, then even keeping 0 balance won't affect

Even transactions are not really required, I barely use mine.