Is it beneficial to convert 10000 hdfc ac to salary ac?

[raj007]

Currently I have normal savings account in which I have to maintain 10000 amb and I hold millennia debit card (590 annual charge) and hdfc moneyback cc (ltf limit 140000).

My co. has tie up with hdfc and they are offering salary account and debit card charges and others benefits will be free. So will it be beneficial to convert normal to salary account? Will chances of high variant cc increase when having salary account?

If salary account is upgraded to classic variant then still I don't have to maintain amb or I have to maintain?

 

[Gautham]

Currently I have normal savings account in which I have to maintain 10000 amb and I hold millennia debit card (590 annual charge) and hdfc moneyback cc (ltf limit 140000).

My co. has tie up with hdfc and they are offering salary account and debit card charges and others benefits will be free. So will it be beneficial to convert normal to salary account? Will chances of high variant cc increase when having salary account?

If salary account is upgraded to classic variant then still I don't have to maintain amb or I have to maintain?

HDFC doesn't offer higher variant card as LTF pre-approved upgrade offer just because you have salary account with them. It is all based on CC spends and their weird algorithm.
If you request them, they will definitely give you non-LTF higher variant provided you are eligible even if you do not have salary a/c with them. So at the end of the day, your choice.

 

[Batmanbaba]

Yes.... You dont have to maintain any balance.... And debit card will be free... But better take a savings max account... Of 25000 mab... And u will get all benefits of a salary account... Except zero mab... In hdfc... Best is to take savings max........ Higher accounts have no meaning....

Better to go for salary accounts in axis or icici....

 

[raghavx]

Better to go for salary accounts in axis or icici....

Why tho?

 

[Batmanbaba]

Why tho?

Easy to get cc with salary account

In hdfc you can easily get pre approved with savings max account too..

 

[raj007]

Yes.... You dont have to maintain any balance.... And debit card will be free... But better take a savings max account... Of 25000 mab... And u will get all benefits of a salary account... Except zero mab... In hdfc... Best is to take savings max........ Higher accounts have no meaning....

Better to go for salary accounts in axis or icici....

I already have hdfc normal savings account in which I have to maintain 10000 and millennia debit card chargeable 590 and have business money back cc (ltf limit 140000).

My salary will be credited to my hdfc savings account only but I wanted to know will it be beneficial to convert normal hdfc savings account to salary account for credit card upgradation and other benefits like higher variant of savings account?

 

[SC_23]

I already have hdfc normal savings account in which I have to maintain 10000 and millennia debit card chargeable 590 and have business money back cc (ltf limit 140000).

My salary will be credited to my hdfc savings account only but I wanted to know will it be beneficial to convert normal hdfc savings account to salary account for credit card upgradation and other benefits like higher variant of savings account?

There's no downside to converting savings account to salary account if you aren't looking to get your salary credited to any other bank.

 

[Batmanbaba]

I already have hdfc normal savings account in which I have to maintain 10000 and millennia debit card chargeable 590 and have business money back cc (ltf limit 140000).

My salary will be credited to my hdfc savings account only but I wanted to know will it be beneficial to convert normal hdfc savings account to salary account for credit card upgradation and other benefits like higher variant of savings account?

In hdfc.. The benefits is less be beneficial..... Of conversation.... I see more of salary account benefits in axis... Earlier it was citi bank.. Now its acquired by axis... ..

 

[SC_23]

In hdfc.. The benefits is less be beneficial..... Of conversation.... I see more of salary account benefits in axis... Earlier it was citi bank.. Now its acquired by axis... ..

Axis provides account tier based on gross or net salary and do they provide some leeway if someone is short by few thousand against their top end account eligibility (Burgundy or priority)?

 

[Batmanbaba]

Axis provides account tier based on gross or net salary and do they provide some leeway if someone is short by few thousand against their top end account eligibility (Burgundy or priority)?

No not at all... They are very strict about that..axis and hdfc are very strict regarding rules regarding to Salary accounts....icici is quite lineant.... They give wealth accounts like pancakes... .

 

[SC_23]

No not at all... They are very strict about that..axis and hdfc are very strict regarding rules regarding to Salary accounts....icici is quite lineant.... They give wealth accounts like pancakes... .

Will they auto upgrade after increment and btw do they consider net or gross salary for account tier ?

 

[Batmanbaba]

Will they auto upgrade after increment and btw do they consider net or gross salary for account tier ?

Which.. Icici or axis/hdfc

 

[SC_23]

Which.. Icici or axis/hdfc

Axis

 

[Batmanbaba]

Axis

They consider whatever salary credited to your account.. AND no.... U have to manually request fir upgrade.. Via branch... They will do it

 

[ashwink]

They consider whatever salary credited to your account.. AND no.... U have to manually request fir upgrade.. Via branch... They will do it

Any questions asked during this?

 

[Batmanbaba]

Any questions asked during this?

Nothing.... Just simply fill the request form at the branch..

 

[raghavx]

Nothing.... Just simply fill the request form at the branch..

Thanks, do you know the criteria for getting Burgundy as a salary account?

 

[iAmPm]

Thanks, do you know the criteria for getting Burgundy as a salary account?

3 Lacs salary credit every month

 

[raj007]

In hdfc.. The benefits is less be beneficial..... Of conversation.... I see more of salary account benefits in axis... Earlier it was citi bank.. Now its acquired by axis... ..

I have option of hsbc and hdfc salary account options only.

 

[ashwink]

I have option of hsbc and hdfc salary account options only.

Go for hdfc..