Eligibility Criteria for ICICI Emeralde Private Metal - Discussion

[abhiaj_geek]

I am sure many of us are now eyeing EPM and enquiring from bank. While EPM is an invite only card, I will try to enlist minimum relationship with ICICI or salary or any other criteria.

From what I have confirmed from 3-4 RMs:
1. Net Salary > 3-4L. Some say 3 is enough, some say minimum 4
2. PPOP > 50k per month. Most easily fulfilled on account of very high FD, like 30L+ or Home Loan etc

Above points have at least been stated by 2 RMs each.

I am in the process of enquiring if 50L FD for a year will make me eligible or not for EPM.

What has been your experience in enquiring for EPM?

Edit 1: PPOP is bank’s profit from you. I am guessing it is 1-2% for FD and 4-5% for savings balance. Not for loans. So if you have savings of 10L, your PPOP maybe 50kpa. (at NII of 5%pa)
These are completely my assumptions though based on my knowledge of how banks work.

Edit 2: Many have confirmed being quoted 50kpm PPOP as official criteria. Icici can play fast and loose with this criteria based on banking relationships and age of account and negotiations.

Edit 3: PPOP requirement is a sham. EPM is getting approved with net salary > 3Lpm without any other criteria. Right RM is required.

FYI, 50kpm PPOP requires one of the below
1. 1.2cr savings
2. 3.6cr FD
3. 3cr home loan
4. 3-6cr Equity Investments

All really large numbers

 

[sidk04]

I did not have any FD, home loan or salary account with ICICI. However, I got private banking with them couple of years back. I asked my RM for this card and he got it approved in 3 days. Just took my company's ITR. However, I got this card very early i.e., December 2023. With the new accelerated rewards portal I don't think they will hand out this card like before.

 

[BVCBVC is verified member.]

I did not have any FD, home loan or salary account with ICICI. However, I got private banking with them couple of years back. I asked my RM for this card and he got it approved in 3 days. Just took my company's ITR. However, I got this card very early i.e., December 2023. With the new accelerated rewards portal I don't think they will hand out this card like before.

Your TRV has Private Banking eligibility? And are you from Metro City?

 

[abhiaj_geek]

I did not have any FD, home loan or salary account with ICICI. However, I got private banking with them couple of years back. I asked my RM for this card and he got it approved in 3 days. Just took my company's ITR. However, I got this card very early i.e., December 2023. With the new accelerated rewards portal I don't think they will hand out this card like before.

How did you get private banking then? Investments?

 

[abhiaj_geek]

@elite34700 @cardio_guy @msankadi
@techstrom007
I believe you guys can contribute here

 

[BVCBVC is verified member.]

Adding @Dr.Anand456 to the thread.

 

[shu_sha_]

I am sure many of us are now eyeing EPM and enquiring from bank. While EPM is an invite only card, I will try to enlist minimum relationship with ICICI or salary or any other criteria.

From what I have confirmed from 3-4 RMs:
1. Net Salary > 3-4L. Some say 3 is enough, some say minimum 4
2. PPOP > 50k per month. Most easily fulfilled on account of very high FD, like 30L+ or Home Loan etc

Above points have at least been stated by 2 RMs each.

I am in the process of enquiring if 50L FD for a year will make me eligible or not for EPM.

What has been your experience in enquiring for EPM?

As per BM
TRV of 2CR is needed for the EPM or
3L + net salary credit in ICICI salary account or
If you got the invite directly over email which is very rare

 

[abhiaj_geek]

As per BM
TRV of 2CR is needed for the EPM or
3L + net salary credit in ICICI salary account or
If you got the invite directly over email which is very rare

Only 3+ net salary is sufficient? I somehow doubt that.

 

[shu_sha_]

Only 3+ net salary is sufficient? I somehow doubt that.

Yes if you have this ask your BM to initiate the application process

 

[abhiaj_geek]

Yes if you have this ask your BM to initiate the application process

Salary should be in icici bank?

 

[imdjay]

My RM had offered me this card by himself and had applied this based on PPOP. I didn't even know about what PPOP is

 

[sidk04]

Your TRV has Private Banking eligibility? And are you from Metro City?

How did you get private banking then? Investments?

I have never maintained TRV for private banking. However, couple of years back we were raising funds in my company through preferential allotment. ICICI offered me Private Banking so that I open the Escrow A/c with them.

 

[abhiaj_geek]

My RM had offered me this card by himself and had applied this based on PPOP. I didn't even know about what PPOP is

What relationship did you have with icici?
Investments? Loans? FD? Savings balance?

 

[shu_sha_]

My RM had offered me this card by himself and had applied this based on PPOP. I didn't even know about what PPOP is

PPOP ? What's that 🤣

What's your relationship with ICICI Bank?
And when did you got this Emerald Metal card?

 

[amitr29]

I am sure many of us are now eyeing EPM and enquiring from bank. While EPM is an invite only card, I will try to enlist minimum relationship with ICICI or salary or any other criteria.

From what I have confirmed from 3-4 RMs:
1. Net Salary > 3-4L. Some say 3 is enough, some say minimum 4
2. PPOP > 50k per month. Most easily fulfilled on account of very high FD, like 30L+ or Home Loan etc

Above points have at least been stated by 2 RMs each.

I am in the process of enquiring if 50L FD for a year will make me eligible or not for EPM.

What has been your experience in enquiring for EPM?

I have a home loan of 1.2 crs and paying interest of almost a lac per month. But RM/BM is not agreeing and insisting on 2 cr TRV

They don't know PPOP

 

[abhiaj_geek]

I have never maintained TRV for private banking. However, couple of years back we were raising funds in my company through preferential allotment. ICICI offered me Private Banking so that I open the Escrow A/c with them.

Interesting. If you are CEO of a company they might have offered this to start a new relationship.
It was pretty long back anyways

 

[elite34700]

I got cards approved through private banking team , not much TRV, not much PPOP except old savings account with ICICI. Basically a waiver on required criteria’s is what we were able to pull off. The conditions you’re stating are right but despite that state head approval ( BBH ) is required confirming those and then will be pushed to product for 6 more approvals . Reaching until state head alone will need like 4-6 approvals ( BM, RH, ZH , credit team, PBV team ) etc., . So all in all a combination of 10-12 approvals . Just to spice things up, even the country head for product needs to approve for application to login . Floor limit is basically 6 lakhs for emeralde private. That’s all I know.

 

[abhiaj_geek]

I got cards approved through private banking team , not much TRV, not much PPOP except old savings account with ICICI. Basically a waiver on required criteria’s is what we were able to pull off. The conditions you’re stating are right but despite that state head approval ( BBH ) is required confirming those and then will be pushed to product for 6 more approvals . Reaching until state head alone will need like 4-6 approvals ( BM, RH, ZH , credit team, PBV team ) etc., . So all in all a combination of 10-12 approvals . Just to spice things up, even the country head for product needs to approve for application to login . Floor limit is basically 6 lakhs for emeralde private. That’s all I know.

6 L net monthly salary?

 

[BVCBVC is verified member.]

I got cards approved through private banking team , not much TRV, not much PPOP except old savings account with ICICI. Basically a waiver on required criteria’s is what we were able to pull off. The conditions you’re stating are right but despite that state head approval ( BBH ) is required confirming those and then will be pushed to product for 6 more approvals . Reaching until state head alone will need like 4-6 approvals ( BM, RH, ZH , credit team, PBV team ) etc., . So all in all a combination of 10-12 approvals . Just to spice things up, even the country head for product needs to approve for application to login . Floor limit is basically 6 lakhs for emeralde private. That’s all I know.

But how come people are getting approval within 3-5 days by having 10-12 approvals??

 

[Dr.Anand456Dr.Anand456 is verified member.]

I am sure many of us are now eyeing EPM and enquiring from bank. While EPM is an invite only card, I will try to enlist minimum relationship with ICICI or salary or any other criteria.

From what I have confirmed from 3-4 RMs:
1. Net Salary > 3-4L. Some say 3 is enough, some say minimum 4
2. PPOP > 50k per month. Most easily fulfilled on account of very high FD, like 30L+ or Home Loan etc

Above points have at least been stated by 2 RMs each.

I am in the process of enquiring if 50L FD for a year will make me eligible or not for EPM.

What has been your experience in enquiring for EPM?

Edut 1: PPOP is bank’s profit from you. I am guessing it is 1-2% for FD and 4-5% for savings balance. Not for loans. So if you have savings of 10L, your PPOP maybe 50kpm.
These are completely my assumptions though based on my knowledge of how banks work.

It is very difficult to get this card based on salary alone because very few people have such a high income. However, since you are already a valued private customer or wealth customer of the bank, you can apply directly. The branch manager will personally process your request for this card and handle everything on your behalf. You won’t have to do much. I applied in the same way, and my card processing will begin this evening. I will update you afterward.