Your HDFC Preferred banking experience

[ltf4ever]

I wanted to know the experience of this community members with Hdfc preferred banking.

What are actual benefits of this tier which are really helpful for normal day to day banking? free imps is one that i use, and i dont use any loan products or locker or even investment products.

the RM is not reachable and the call back option from RM does not guarantee a call back.

I wonder what " Preferred " treatment is offered for this tier?

 

[BankExpertIndia]

Than what exactly are we supposed to do, none of the banks provide top service in 2L balance account?

To Get A Premium Experience... You Don't Need HNI Account... You Need HNI Name...

 

[arjun]

To Get A Premium Experience... You Don't Need HNI Account... You Need HNI Name...

HNI?

 

[7faizbook]

Wealth account given based on IDV.. So, the investments in FD/MF also considered for wealth eligibility (not necessarily that money should be in Savings account)

Are you holding 25L in other form of investment with ICICI ( as given below)

View attachment 3210

I dont have a single penny of idv with icici 🤣

 

[7faizbook]

Can't you invite us or ask your RM if anything you can help in invitation or something?

They will ask for family relations. There is a list of peoples you can join in your family banking. And sorry friends are not mentioned in that list 😒

 

[ltf4ever]

HNI?

high net-worth individuals

 

[gurubhai]

Just a general doubt, as we have to maintain 2L for preferred banking... what happens if my balance drops below 2L?
Is there a fine? or a warning or they just take away preferred banking benefits(which obviously aren't any 😅 )?

 

[ltf4ever]

Just a general doubt, as we have to maintain 2L for preferred banking... what happens if my balance drops below 2L?
Is there a fine? or a warning or they just take away preferred banking benefits(which obviously aren't any 😅 )?

in my understanding, it is just taking away of benefits. they describe the programmes as 'tiers'.
so classic, preferred, imperia are not types of savings account but customer tiers, which won't affect the type and charges of the savings account that you hold.

 

[BankExpertIndia]

Just a general doubt, as we have to maintain 2L for preferred banking... what happens if my balance drops below 2L?
Is there a fine? or a warning or they just take away preferred banking benefits(which obviously aren't any 😅 )?

Nothing Will Happen For The Next 3 Months... After That Your Account Comes In The Hands Of Branch People... Now They Have To Decide Either To Downgrade Or Not.

 

[SC_23]

I just wish they remove IMPS charges from classic account. I see no other advantage of having preferred over classic.

 

[ashwinkashwink is verified member.]

I just wish they remove IMPS charges from classic account. I see no other advantage of having preferred over classic.

Yeah 🤦

 

[SiddharthR]

I started experiment with started HDFC Preffered,
Made FD in Paytm Payments Bank & will break that if I receive any email for downgrade.

Just a small query: Are there any changes of auto downgrade with mail alert?
@Chaitanya-a @Wealth is my birth right! @Life_style @BankExpertIndia @arjun @Pavan

 

[Wealth is my birth right!]

I started experiment with started HDFC Preffered,
Made FD in Paytm Payments Bank & will break that if I receive any email for downgrade.

Just a small query: Are there any changes of auto downgrade with mail alert?
@Chaitanya-a @Wealth is my birth right! @Life_style @BankExpertIndia @arjun @Pavan

Hopefully no
But again subject to customer relationship duration too

 

[PavvanPavvan is verified member.]

Hopefully no
But again subject to customer relationship duration too

They will wait at least 6 months before you downgrade 😀

 

[Deleted member 5552]

Maintain good balance occasionally.

 

[Chaitanya-a]

I started experiment with started HDFC Preffered,
Made FD in Paytm Payments Bank & will break that if I receive any email for downgrade.

Just a small query: Are there any changes of auto downgrade with mail alert?
@Chaitanya-a @Wealth is my birth right! @Life_style @BankExpertIndia @arjun @Pavan

They won't downgrade if you've already been their Preferred customer for 1 or more years. Rest depends on your RM/BM.