ICICI Bank permanently discontinued the Regular Savings Account for new customers?

[uipolo]

Generally ICICI forces to opens 3-in-1 account (Savings + Demat).

If you have wish to open the salary account then bargain with them for LTF Demat account. When I was having salary account with ICICI, I got the ICICIDirect as an free (no account charges at all. Even includes free brokerage of Rs.2500 that time for 1 year).
You can close the Demat account if you don't want it later.

Now depends on salary & investments what type of account you get. If you can invest good amount (or good salary figures) then try for private or wealth.

For no salary account or with less investment but have good credit card limit (>=4L):
I suggest to open the 2 accounts (you can ask your family member) and enroll for Family 360 before 1st July (else debit card annual charges be there if apply on/after 1st July).

For single account, you can opt privilege still --> I don't think if you visit branch and they deny to open the account (they get commission with account opening so you're the boss).

Note:
Family 360 is just addon over Privilege kind of accounts. You can't opt for Family 360 code over wealth/private account as those are high variant accounts.


If you don't want branch headache then give the online account opening try https://campaigns.icicibank.com/cas...avings-account-main_open-saving-accountCTAbtn

Is it possible to cancel TRADING and DEMAT account after opening 3 in 1 account. @hender

 

[OptiCard]

Is it possible to cancel TRADING and DEMAT account after opening 3 in 1 account. @hender

Yes, you can close it.

But if you don't have any DEMAT account with anyone then request them to make it LTF.

 

[hender]

Is it possible to cancel TRADING and DEMAT account after opening 3 in 1 account. @hender

Possible, but not comfortable in Practical, compare to on Paper.

 

[y2k]

Than it must be easy, you already have Customer ID in the system, have you tried online opening?
Mail/Call CC.

Yes, I am trying to get a CC every year - I know this because for each year now I can see ICICI enquiry - but they won't offer a LTF CC because my current company is not empaneled with them. And I don't want to pay for their CC.

As for account opening, I still can't believe it but we have been told that wile joint account holders each get a debit card yet only one mobile number can be mapped to each account, hence you can have the mobile app on just one phone so not sure if that Customer ID is helpful. In any case, I am a secondary name on the account. I am thinking if this can be converted into Family 360 account and get done with it or if I need to visit branch, hope it falls in their target bucket and they assist me open an account temporarily with a decent deposit just to be able to convert it to Family 360, eventually get a premium CC and maintain 0 MAB on the back of that and eventually convert that CC into LTF. ICICI is atrocious. No proper guidance at branch level.

 

[kapisetti]

“I have salary payslips — can I open a salary account in ICICI Bank?

 

[cardio_guycardio_guy is verified member.]

“I have salary payslips — can I open a salary account in ICICI Bank?

Nice. Hopefully no. They will need company name while opening the account. It is one of the fields to be filled. Next sometimes they will ask office mail id. I don't exactly remember if it was needed or not. Apart from that these days they do geo tagging so if they want to come to company location then it will be a problem.

 

[drvirag]

Nice. Hopefully no. They will need company name while opening the account. It is one of the fields to be filled. Next sometimes they will ask office mail id. I don't exactly remember if it was needed or not. Apart from that these days they do geo tagging so if they want to come to company location then it will be a problem.

Is se acha to govt bank hain. 6 mnth purani salary slip le k jao to b ac open karne dete hain. Inhe kis baat karo itna ghamand hai

 

[uipolo]

M

Is se acha to govt bank hain. 6 mnth purani salary slip le k jao to b ac open karne dete hain. Inhe kis baat karo itna ghamand hai

Mai toh final year student hu yaar . ICICI BM bol rha hai tum student ho source of income nahi eshi liye mera account nahi khol skte.
Complain krne ke baad sirf BSBDA account ke liye taiyaar hue hai.

Aaisa koi eligibility criteria hai hai kya ICICI ka, ki STUDENT wagera account nahi khol skte ?

 

[drvirag]

M
Mai toh final year student hu yaar . ICICI BM bol rha hai tum student ho source of income nahi eshi liye mera account nahi khol skte.
Complain krne ke baad sirf BSBDA account ke liye taiyaar hue hai.

Aaisa koi eligibility criteria hai hai kya ICICI ka, ki STUDENT wagera account nahi khol skte ?

Aisa to koi rule mujhe nhi pta. Student ka to koi student ac hota hoga unke pas. Agar aadhar pan hai to koi b ac open karne sakta hai.
Bsbda open kar k convert nhi kar rhe kya wo

 

[hender]

M
Mai toh final year student hu yaar . ICICI BM bol rha hai tum student ho source of income nahi eshi liye mera account nahi khol skte.
Complain krne ke baad sirf BSBDA account ke liye taiyaar hue hai.

Aaisa koi eligibility criteria hai hai kya ICICI ka, ki STUDENT wagera account nahi khol skte ?

They had, Student Account, few years back, now things are changing...

 

[msureshuh]

I don't know why you need ICICI. I closed ICICI, AXIS, HDFC. Not good service. App is also not good. I am now using IDFC. The branch is 20km away but never visited. Opened online. Good for IPOs. Kotak 811 and SBI as backup accounts. Actually while opening ICICI, the BM asked for 1L deposit. I promised to add 1L after opening account. He called me after opening, I added only 10k.

 

[uipolo]

They had, Student Account, few years back, now things are changing...

Aacha, BSBDA account khulwane ke baad REGULAR SAVING ACCOUNT mei upgrade ho jayega kya..

Branch ka REGULAR SAVING ACCOUNT ka MAB 0 hai. New branch hai and in Rural areas that's why , confirmed by BM itself.

 

[Jack7]

Even I faced the same problem a few months back. What the bransh staff says is correct - ICICI has infact stopped regular savings account.

You can open a savings account with 1L initial funding - that is the lowest regular savings account that you can open with ICICI.
(some branches agree for 50k). This account variant is called Privilege.
Some branches will push for 3-in-1 account. - in this case, they will deduct 999 + GST after a few days of opening the acocunt towards demat charges.

third way - if you are salaried, open a salary account and don't make it your salary account (means, don't give this account details to your employer). It will be 0 balance account for 3-6 months and after that, they will convert it to regular savings account with 10k MAB requirement. (again, depends on your luck, for many people, this conversion never happened, and ICICI doesn't care much, but maybe going forward, it will be stricter)

Apart from this, you cannot open a regular savings account in ICICI bank. @OptiCard can throw more light here.

what is the mab of Privilige account? i know initial deposit is 1 lakh ,dont know about mab and shortfall charges for Icici... if u know anything please share