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.

 

[credit geek]

Just curious to know what benefit can one derive from wealth account .. I
guess I am wealth customer for ages without asking for it ...I pretty much do everything through netbanking or mobile banking ...debit card is free but apart from them what else benefit one can get ( I am not counting nice branch ambience, mineral water bottles or the attention if u visit wealth branch)

 

[Vasuki]

Just curious to know what benefit can one derive from wealth account .. I
guess I am wealth customer for ages without asking for it ...I pretty much do everything through netbanking or mobile banking ...debit card is free but apart from them what else benefit one can get ( I am not counting nice branch ambience, mineral water bottles or the attention if u visit wealth branch)

What do you want is the question . Not what bank will offer automatically

 

[credit geek]

What do you want is the question . Not what bank will offer automatically

I am happy the way it is. But as I see many folks are looking to become wealth customer, I am curious to understand if there are some tangible value that this program delivers to others, I may also opt to use them, if they are relevant to me.

 

[Vasuki]

I am happy the way it is. But as I see many folks are looking to become wealth customer, I am curious to understand if there are some tangible value that this program delivers to others, I may also opt to use them, if they are relevant to me.

What can u expect .
- LTF high end card
- loan offer
- vehicle/ bussines loan etc
Etc etc etc

 

[darjeeronak]

My assigned RM (who is from the Faridabad branch, Delhi), said he could regain my wealth status if my current TRV is 10L against my CustID, as my previous status was already wealth. However, he needs me to visit him in person at the wealth branch to obtain my signature. Since I live far away from his location, he suggested visiting a nearby branch and asking them to re-update my status back to 'wealth.' with current TRV. The branch I visited, however, informed me that they couldn't do that directly (as they need 25L TRV for upgrade) and advised me to close my existing account, open a new one with 10L, re-map my family to wealth status with this new account, and maintain the balance for at least 6 months.

I informed my RM about this, and he acknowledged that the branch staff might not be aware of the procedure but still suggested opening a new account and maintaining the balance for next 2 months (until the end of the financial year). He said I wouldn't need to maintain any TRV afterwards.

The overall idea to regain Wealth is to push for free LTF Emerald Credit Card.

@S S V @saucy @hks789 : Yours view on this ?

 

[Vasuki]

My assigned RM (who is from the Faridabad branch, Delhi), said he could regain my wealth status if my current TRV is 10L against my CustID, as my previous status was already wealth. However, he needs me to visit him in person at the wealth branch to obtain my signature. Since I live far away from his location, he suggested visiting a nearby branch and asking them to re-update my status back to 'wealth.' with current TRV. The branch I visited, however, informed me that they couldn't do that directly (as they need 25L TRV for upgrade) and advised me to close my existing account, open a new one with 10L, re-map my family to wealth status with this new account, and maintain the balance for at least 6 months.

I informed my RM about this, and he acknowledged that the branch staff might not be aware of the procedure but still suggested opening a new account and maintaining the balance for next 2 months (until the end of the financial year). He said I wouldn't need to maintain any TRV afterwards.

The overall idea to regain Wealth is to push for free LTF Emerald Credit Card.

@S S V @saucy @hks789 : Yours view on this ?

10l for 2 months ??

 

[SSV]

I informed my RM about this, and he acknowledged that the branch staff might not be aware of the procedure but still suggested opening a new account and maintaining the balance for next 2 months (until the end of the financial year). He said I wouldn't need to maintain any TRV afterwards.

Opening new account is a better idea ..

The overall idea to regain Wealth is to push for free LTF Emerald Credit Card.

This wont help you in getting LTF emeralde at all..

 

[saucy]

My assigned RM (who is from the Faridabad branch, Delhi), said he could regain my wealth status if my current TRV is 10L against my CustID, as my previous status was already wealth. However, he needs me to visit him in person at the wealth branch to obtain my signature. Since I live far away from his location, he suggested visiting a nearby branch and asking them to re-update my status back to 'wealth.' with current TRV. The branch I visited, however, informed me that they couldn't do that directly (as they need 25L TRV for upgrade) and advised me to close my existing account, open a new one with 10L, re-map my family to wealth status with this new account, and maintain the balance for at least 6 months.

I informed my RM about this, and he acknowledged that the branch staff might not be aware of the procedure but still suggested opening a new account and maintaining the balance for next 2 months (until the end of the financial year). He said I wouldn't need to maintain any TRV afterwards.

The overall idea to regain Wealth is to push for free LTF Emerald Credit Card.

@S S V @saucy @hks789 : Yours view on this ?

Completing their targets IMHO. Emeralde de rahe hote bas wealth status pe, to kafi logo ke pass hota yaha

But who's to say ki abhi tak nahi hua to agay bhi nahi hoga? Lage raho, do update

 

[MR_RDX]

Upgrade to existing account is extremely difficult.

Whereas directly opening new account is very easy with initial funding.
I also opened a new account inspite of have a existing account.

So better open new account.

After one year...The account will be downgraded because same happened with me

 

[knight]

My assigned RM (who is from the Faridabad branch, Delhi), said he could regain my wealth status if my current TRV is 10L against my CustID, as my previous status was already wealth. However, he needs me to visit him in person at the wealth branch to obtain my signature. Since I live far away from his location, he suggested visiting a nearby branch and asking them to re-update my status back to 'wealth.' with current TRV. The branch I visited, however, informed me that they couldn't do that directly (as they need 25L TRV for upgrade) and advised me to close my existing account, open a new one with 10L, re-map my family to wealth status with this new account, and maintain the balance for at least 6 months.

I informed my RM about this, and he acknowledged that the branch staff might not be aware of the procedure but still suggested opening a new account and maintaining the balance for next 2 months (until the end of the financial year). He said I wouldn't need to maintain any TRV afterwards.

The overall idea to regain Wealth is to push for free LTF Emerald Credit Card.

@S S V @saucy @hks789 : Yours view on this ?

Wealth status in ICICI doesn't guarantee or even help much in procuring LTF high-end cards.

They already have NRV requirements for LTF cards that are much higher than wealth NRV. e.g. 50L for Sapphiro.
And being a wealth customer doesn't really aid much in the LTF battle. It's merely a supporting point for your case.

Even I've been unsuccessful in procuring LTF Sapphiro despite wealth status and the branch CC dept's confirmation that they'll get it LTF.
This is based on my experience..YMMV.

 

[TheTrickySid]

After one year...The account will be downgraded because same happened with me

But same is not happening with me 🥴🤔

 

[Vasuki]

But same is not happening with me 🥴🤔

You are sid with trick 😄

 

[TheTrickySid]

You are sid with trick 😄

😎😎 😁😁 🤟🏻

 

[justsree]

yes, not much use with Wealth / Wealth Select account with ICICI. I am planning to shift to other banks - which one could be better - Axis / Yes / Kotak?

 

[Vasuki]

yes, not much use with Wealth / Wealth Select account with ICICI. I am planning to shift to other banks - which one could be better - Axis / Yes / Kotak?

Kotak Privy league.
Axis is going through piles of devaluation.

If u want magnus then axis ..
Yes bank - they don't have proper app

 

[sushant4]

I got privy league platinum with Kotak, I don't see any benefit much, just a good debit card and eazydiner membership.
I have Axis Priority too, which I feel is a better deal ie. app support, customer care etc

 

[pranaym]

I've just been informed that one can group 10 icici accounts and keep 1lac total among all of them to fulfill the Minimum Balance required criteria. I'm a privileged acc holder in icici, but I don't see any difference compared to normal savings account holder.

 

[Vasuki]

I've just been informed that one can group 10 icici accounts and keep 1lac total among all of them to fulfill the Minimum Balance required criteria. I'm a privileged acc holder in icici, but I don't see any difference compared to normal savings account holder.

By whom .?
Whats IP for wealth

 

[SSV]

By whom .?
Whats IP for wealth

For NTB 1L

 

[Vasuki]

For NTB 1L

Someone told me here Icici Account variant doesn't do much help in Pre approved offers ? So not very excited