ICICI Wealth Management Account Holders Please Share your Experience.

[TheTrickySid]

What's the MAB you guys maintaining in your Wealth management account.

And what's would be the ideal mab to prevent it from getting downgraded.
Or any tips to avoid getting the account downgraded without maintaining mab.

 

[theflash]

Can you suggest from where you guys got this?

I opened wealth acct and got it with the same acct...

 

[devsfinance]

I opened wealth acct and got it with the same acct...

No no I meant where you got the confirmation from

 

[Anindya98]

Can you suggest from where you guys got this confirmation?

WM CC and CRM

 

[RAHUL GOYAL]

hello ye wealth account kaise upgrade karu mein maine abhi july mein MAB 1L+ rakha tha in my regular savings account toh unhone RM assign kiya hai mujhe.
maine rm ko call kiya account upgrade ke liye toh vo bola ki 1L mein privilage account mein ho jaega automatic agar 1 sall tak MAB 1L rakhte ho toh.
ye 5L initial deposit vala kya hai wealth account ke liye kya main ek 5L ka initial deposit karke new wealth account khol sakta hun kya or fir money withdraw ho jaega kya usme se without downgrade account

 

[Anindya98]

hello ye wealth account kaise upgrade karu mein maine abhi july mein MAB 1L+ rakha tha in my regular savings account toh unhone RM assign kiya hai mujhe.
maine rm ko call kiya account upgrade ke liye toh vo bola ki 1L mein privilage account mein ho jaega automatic agar 1 sall tak MAB 1L rakhte ho toh.
ye 5L initial deposit vala kya hai wealth account ke liye kya main ek 5L ka initial deposit karke new wealth account khol sakta hun kya or fir money withdraw ho jaega kya usme se without downgrade account

Open a new WM account with IF

 

[Gau₹av]

Same for me. I was also charged this amount last year(was downgraded from wealth earlier)

Was your Wealth account originally opened directly as a Wealth a/c or upgraded from some other variant?

 

[mgforce]

Open a new WM account with IF

Avoid this route.

ICICI is downgrading from Wealth is balance requirements / TRV not met

 

[devsfinance]

Was your Wealth account originally opened directly as a Wealth a/c or upgraded from some other variant?

Directly opened as Wealth.

 

[RAHUL GOYAL]

Open a new WM account with IF

ok toh kya isme MAB 0 hota hai kya ek bar account kholne ke liye fund dalke fir nikal lu toh koi dikkat toh nahi hogi na

 

[Anindya98]

ok toh kya isme MAB 0 hota hai kya ek bar account kholne ke liye fund dalke fir nikal lu toh koi dikkat toh nahi hogi na

yes, koi charges nahi hai NMAB ka

 

[RAHUL GOYAL]

yes, koi charges nahi hai NMAB ka

ok toh kya mujhe phele mere regular savings account close karna hoga kya

 

[Anindya98]

Avoid this route.

ICICI is downgrading from Wealth is balance requirements / TRV not met

Been using the account for over 2 years without any downgrade. Have a CC limit above 4L and use the account regularly to avoid it.

 

[Anindya98]

ok toh kya mujhe phele mere regular savings account close karna hoga kya

Nahi Separate account directly in WM

 

[mgforce]

Same for me. I was also charged this amount last year(was downgraded from wealth earlier)

Directly opened as Wealth.

Been using the account for over 2 years without any downgrade. Have a CC limit above 4L and use the account regularly to avoid it.

May be not for you...

But in TF only we read a lot got mail for downgrade and were downgraded too.

Devsfinance post just above confirms same.

 

[Gau₹av]

Directly opened as Wealth.

Ohh so they downgrade direct Wealth-opened accounts too. If you don't mind sharing, 1) how much balance were you maintaining in it? 2) Were you doing regular transactions using debit card?

 

[Anindya98]

May be not for you...

But in TF only we read a lot got mail for downgrade and were downgraded too.

Devsfinance post just above confirms same.

I’m not saying downgrades don’t happen. With ICICI, there are two types: system-level and branch-level. I’m sharing my hacks: I had a 4.2L CC limit with a 1L IF WM Account, used it regularly every month (no fixed amount, just 1–2 transactions), and actively used my credit card. Now my CC limit is over 5L. If you’re still worried about a downgrade, keep 10–20K in a Money Multiplier FD. No downgrade will happen.

 

[mgforce]

I’m not saying downgrades don’t happen. With ICICI, there are two types: system-level and branch-level. I’m sharing my hacks: I had a 4.2L CC limit with a 1L IF WM Account, used it regularly every month (no fixed amount, just 1–2 transactions), and actively used my credit card. Now my CC limit is over 5L. If you’re still worried about a downgrade, keep 10–20K in a Money Multiplier FD. No downgrade will happen.

I am not worried for self, have Wealth Account for 10+ yrs 🙂

 

[RAHUL GOYAL]

I’m not saying downgrades don’t happen. With ICICI, there are two types: system-level and branch-level. I’m sharing my hacks: I had a 4.2L CC limit with a 1L IF WM Account, used it regularly every month (no fixed amount, just 1–2 transactions), and actively used my credit card. Now my CC limit is over 5L. If you’re still worried about a downgrade, keep 10–20K in a Money Multiplier FD. No downgrade will happen.

so you opened account with 1L Initial Fund. i have only 3 L limit in my card toh mujhe ye 10k se 20k tak ki fd karni hogi taki account downgrade na ho. or monthly 10k-15k debit card se ya UPI se card payment kar dunga. toh downgrade nahi hoga na

 

[devsfinance]

Ohh so they downgrade direct Wealth-opened accounts too. If you don't mind sharing, 1) how much balance were you maintaining in it? 2) Were you doing regular transactions using debit card?

Debit card transaction were not many. (Only a few) was maintaining some 1.5-2lac before the downgrade

 

[Anindya98]

so you opened account with 1L Initial Fund. i have only 3 L limit in my card toh mujhe ye 10k se 20k tak ki fd karni hogi taki account downgrade na ho. or monthly 10k-15k debit card se ya UPI se card payment kar dunga. toh downgrade nahi hoga na

ha ek bar FD kar ka chordo DC spends sa kuch jada effect nahi hoga