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.

 

[jack333]

They don't give automatically for upgrades. Only newly opened accounts get automatically with the cheque book

 

[anirban.choudhury]

They don't give automatically for upgrades. Only newly opened accounts get automatically with the cheque book

I received mine , which was an upgrade from

 

[jack333]

Maybe the RM might have ticked it online while upgrading. I had to apply separately

 

[dishank_24]

Even I think it wouldn't be downgraded. As I had given the account opening cheque for 50L only on this condition that it won't ever be downgraded.

 

[0xfallup]

Even I think it wouldn't be downgraded. As I had given the account opening cheque for 50L only on this condition that it won't ever be downgraded.

you got played ig

 

[jack333]

Even I think it wouldn't be downgraded. As I had given the account opening cheque for 50L only on this condition that it won't ever be downgraded.

You gave 50l for wealth account. We can open that with 5l also. It never gets downgraded

 

[anirban.choudhury]

You gave 50l for wealth account. We can open that with 5l also. It never gets downgraded

Very true
With 50 l , you could have asked for wealth select

 

[mgforce]

Were you able to do wealth family grouping with TRV less than 25 lakhs?

My TRV will be less than 10L, but got all accounts linked - it was 4-5 yrs back

 

[mgforce]

Post account is upgraded (black theme on app/i-banking) just request for a new debit card. It will be Wealth MC

 

[mgforce]

You gave 50l for wealth account. We can open that with 5l also. It never gets downgraded

Account can get downgraded because there is TRV ask.

It is just that ICICI is not enforcing, checking TRV actively.

 

[mgforce]

Even I think it wouldn't be downgraded. As I had given the account opening cheque for 50L only on this condition that it won't ever be downgraded.

You could have asked for Select with no downgrade for the life time with this high initial cheque !!

 

[anirban.choudhury]

Account can get downgraded because there is TRV ask.

It is just that ICICI is not enforcing, checking TRV actively.

For a wealth salary account , the account won’t get downgraded till it meets the net salary deposit criteria of 3 lakhs a month

 

[anonymuos]

Went to two branches (Mumbai suburban area). One of them told 30 lakhs initial deposit and no way around that. Other told 10 lakh initial funding but will TRV/NRV has to be 25 lakh so consider opening FD and investing in Mutual fund also. 🤨🙄 I hate how they have no uniform rules for everybody even in metros. If I open account with just 10 lakh, she said account will be downgraded to Titanium account. Not sure if 100% right or just bluffing.

 

[0xfallup]

Went to two branches (Mumbai suburban area). One of them told 30 lakhs initial deposit and no way around that. Other told 10 lakh initial funding but will TRV/NRV has to be 25 lakh so consider opening FD and investing in Mutual fund also. 🤨🙄 I hate how they have no uniform rules for everybody even in metros. If I open account with just 10 lakh, she said account will be downgraded to Titanium account. Not sure if 100% right or just bluffing.

same lmao in thane....thats why opening at semi-urban in MP through a friend

 

[Batmanbaba]

same lmao in thane....thats why opening at semi-urban in MP through a friend

Someone opened in vashi with only 1 lakh initial deposit

 

[0xfallup]

Someone opened in vashi with only 1 lakh initial deposit

yeah patil because he had salary account already...an existing relationship may give leverage

 

[ADITYA1904]

Someone opened in vashi with only 1 lakh initial deposit

Look anyone can open wealth account in any branch then they can later on transfer the account to nearest branch in few minutes in imobile app or via netbanking its just istant man…so dont think about just particular branch, you can transfer branch all over india instantly…

 

[ADITYA1904]

Went to two branches (Mumbai suburban area). One of them told 30 lakhs initial deposit and no way around that. Other told 10 lakh initial funding but will TRV/NRV has to be 25 lakh so consider opening FD and investing in Mutual fund also. 🤨🙄 I hate how they have no uniform rules for everybody even in metros. If I open account with just 10 lakh, she said account will be downgraded to Titanium account. Not sure if 100% right or just bluffing.

Look anyone can open wealth account in any branch then they can later on transfer the account to nearest branch in few minutes in imobile app or via netbanking its just istant man…so dont think about just particular branch, you can transfer branch all over india instantly…

 

[0xfallup]

the manager ditched for less initial funding ...sed gotta find some another branch

 

[mgforce]

For a wealth salary account , the account won’t get downgraded till it meets the net salary deposit criteria of 3 lakhs a month

We are talking regular wealth account here na

Went to two branches (Mumbai suburban area). One of them told 30 lakhs initial deposit and no way around that. Other told 10 lakh initial funding but will TRV/NRV has to be 25 lakh so consider opening FD and investing in Mutual fund also. 🤨🙄 I hate how they have no uniform rules for everybody even in metros. If I open account with just 10 lakh, she said account will be downgraded to Titanium account. Not sure if 100% right or just bluffing.

I have a ICICI Bank lead at Vashi Sector 12, she promised to open Wealth Select with 10 lakhs IP

Pls note that no one at ICICI can promise that downgrade won't happen in future if TRV not met.

Be it Wealth or Wealth Select - downgrades really depend on ICICI enforcing TRV requirements. But yes, going by past experience, they are relaxed.