Getting INFINIA through the FD Route

[jiffyspace]

Read somewhere on reddit that people got the INFINIA by opening an account in HDFC and creating an FD (10L).

Now, I know this is not the most ideal way because of dismal rate of returns of FD and you can get better returns somewhere else. But wondering if this is possible? I already have Regalia but only with 2.25L limit so still a long way to 10L limit and apply via the method mentioned in the forum.

Has anyone been able to get INFINIA by creating an FD?

 

[CARDBITRAGE]

For a period of time, I kept around 3 crores and then lowered it to 50 lakhs as I was losing too much on low interest. Now I just keep 30 lakhs in FDs to keep Imperia status. All it got me was a 62k limit Moneyback. They are very disorganised and inefficient. Other banks issue you whatever card you want with 15 to 20 lakhs deposit. I also have stocks and bond holdings with HDFC.

You can easily leverage your relationship with the bank. If you have a decent ITR, talk to your BM and see if he they help. Your BM can talk to the higher-ups and get approval for Infinia if they find you to be a valuable customer. If they are unwilling to do that, find a different branch(preferably an older branch with experienced people) that will help. Customers with high liquidity can potentially bring future business to the banks, so they will always look favourably.

 

[sxchzy]

I have kept 50 lakhs plus for 6 months. Even now, for over a year, I have 30 lakhs there in fixed deposits. The problem is that I applied immediately after opening the account and they rejected it. So no hope for a pre approved offer. Finally they issued a Moneyback with just 62k limit and have since refused to upgrade or increase the limit. My request for upgrade and limit increase was turned down despite submitting a decent ITR which was way more than the required income. Totally silly.

Tbh
With your nrv I would have had taken infinniti banking plus infinnia Ltf
Your RM and bm are incompetent or just want to milk you more

 

[Prav]

Bank is saying from 15th sept fd backed infinia is discontinued, is that so ?

 

[Deathsnatcher]

Bank is saying from 15th sept fd backed infinia is discontinued, is that so ?

Yes they denied fir a FD of 20+
No more infinia with FD

 

[statusquo]

I am trying to get a Diners Black with a FD. Do they only give a credit limit up to 8L for a FD-based credit card?

 

[NeerajNegi]

I opened an account with 20 lakhs and immediately applied for C2C using my ICICI card with 8 lakhs limit on advice of the RM. It was denied without any reason. Then he upgraded me to Imperia and I moved around 3 crores there for about 3 months. Finally I left 50 lakhs in FDs and stocks as I was losing too much interest and I didn't really care about their card anymore. Now I just have 30 lakhs there including bonds. Everytime they promised an upgrade but it never happened. I don't care about it anymore. Someday they will increase the limit and upgrade.

you must be retired now what's your profession?

 

[statusquo]

I am trying to get a Diners Black with a FD. Do they only give a credit limit up to 8L for a FD-based credit card?

Yes, limit is upto 8 lakh for a FD-based card unfortunately

 

[Lobogris]

you must be retired now what's your profession?

I don't need to work for a living. Got my Infinia a few months back.

 

[NeerajNegi]

I don't need to work for a living. Got my Infinia a few months back.

hahahah thats the best part in india 4cr is enough. HOw old are you?

 

[NeerajNegi]

I don't need to work for a living. Got my Infinia a few months back.

mind sharing your strategy splitting money into multiple saving stock , mf or what? and how much distribution. what stock is your go to ? do you also hold fd to get month;y income