Kotak Solitaire : New HNI Banking

[Infinia]

Hi, could you please shed light regarding the topic? Does it have a salary criteria like Privy Black? How does it compare to Privy? Did you get the Solitaire credit card with it, or anything regarding it? What's your TRV with Kotak? How did they reach out to you? Any info if a Solitaire credit card will be given to Privy Black customers?

1. i am attaching the criteria from the upgrade document below:




2. My RM said that its the highest level of banking and it is above Privy league.
3. They havent yet started issuing credit cards. (my rm said this) but the upgrade form says this :

I fully understand and agree to the fee for Solitaire Credit Card is ₹25,000 plus applicable taxes, which is being offered to me at no cost till the time I am a Solitaire customer who is maintaining required eligibility. In case of a regrade out from the said programme, I will be charged ₹25,000 plus applicable taxes as an annual fee

4. I reached out to my RM and asked him to upgrade my accounts. (I meet the TRV requirements)

 

[Infinia]

Hi @kuchbhi Does Mutual funds/Shares held in Kotak securities qualify for TRV requirement.

Yes, as per the eligibility criteria (attached below) , up to 30% of month-end demand holdings with Kotak Securities are counted in the Relationship Value (RV), so they do qualify for TRV requirements.

 

[poseidon07]

Attaching Brochure of Kotak Solitaire. @kuchbhi Is the card variant infinite? Also, any details on CC benefits?

 

[Panthera_Tigris]

initial funding total 75L?

Initial Funding was a 10L cheque.

Then I have 3 months to get TRV to 1 cr (Solitaire Business). 75L is for salaried, retired and "homemakers" as per RM. Perhaps that means they did not plan to have a monthly salary credit criteria for Solitaire?

Also attaching Deck for Kotak Iconic that was shared with me. Min investment is 1 cr which would meet TRV requirements also. But as a former investment banker, no way I am letting anyone else pick my stocks. Will probably just park it in some index funds.

I was interested in some of their special situation funds though, as I can't access that directly. RM/ BM wanted to set up a meet with the KAAML guys but I said lets wait to be fully onboarded first.