Salman925492
TF Premier
Need Guidance on Upgrading IDFC 10K MAB Account to Select Variant
Hi everyone,
I need some suggestions from fellow Technofino members regarding my IDFC FIRST Bank savings account.
🔹 I had opened a normal savings account with 10K Monthly Average Balance (MAB) on 7th June 2025.
🔹 Since then, my maintained average balance is already ₹2.10+ lakhs.
🔹 My main use of this account is to earn reward points by paying credit card bills via the IDFC debit card, and honestly, zero charges on most services is a big bonus.
Initially, the app didn’t show any Relationship Manager (RM), but now it does. I contacted the RM recently regarding upgrading my 10K variant to the Select variant (which requires a 3L MAB).
đź”» What the RM told me:
He’s suggesting approval from higher officers is needed to upgrade my existing 10K account to Select.
Alternatively, he suggested closing my 10K account and opening a new Select variant account, even with 1–2 lakh balance (not necessarily maintaining 3L MAB).
He also added that there won’t be any penalty or issue even if I don’t maintain MAB in the new Select account, as per his assurance.
âť“ My Dilemma:
Should I request upgrade through RM’s higher officer route?
Or should I let them close this 10K account and open a fresh Select account?
Will there be any impact on account history, rewards, or debit card benefits if I close and reopen?
Is it worth taking the RM’s word that Select variant won’t enforce the 3L MAB?
Would love to hear your guidance or anyone with similar experience.
Thanks in advance!
Hi everyone,
I need some suggestions from fellow Technofino members regarding my IDFC FIRST Bank savings account.
🔹 I had opened a normal savings account with 10K Monthly Average Balance (MAB) on 7th June 2025.
🔹 Since then, my maintained average balance is already ₹2.10+ lakhs.
🔹 My main use of this account is to earn reward points by paying credit card bills via the IDFC debit card, and honestly, zero charges on most services is a big bonus.
Initially, the app didn’t show any Relationship Manager (RM), but now it does. I contacted the RM recently regarding upgrading my 10K variant to the Select variant (which requires a 3L MAB).
đź”» What the RM told me:
He’s suggesting approval from higher officers is needed to upgrade my existing 10K account to Select.
Alternatively, he suggested closing my 10K account and opening a new Select variant account, even with 1–2 lakh balance (not necessarily maintaining 3L MAB).
He also added that there won’t be any penalty or issue even if I don’t maintain MAB in the new Select account, as per his assurance.
âť“ My Dilemma:
Should I request upgrade through RM’s higher officer route?
Or should I let them close this 10K account and open a fresh Select account?
Will there be any impact on account history, rewards, or debit card benefits if I close and reopen?
Is it worth taking the RM’s word that Select variant won’t enforce the 3L MAB?
Would love to hear your guidance or anyone with similar experience.
Thanks in advance!
