Salary account for 1 lac+ | ICICI vs Axis

[bugmenot]

I have an ICICI and Axis bank account, I don't know the exact variant. I am drawing 1 lac plus salary per month. Which bank account will give more benefits?

ICICI - Privilege written on top in net banking and debit card has titanium written.
Axis - Prime on top in net banking and account type is SAPPM

I am looking for benefits more on banking perspective. I have Axis MyZone & Flipkart CC and from ICICI, Platinum, Amazon & Sapphiro CC in family.

I searched ONE account of ICICI and website shows it got discontinued from 31st Aug 2022.

The One Savings Account - Saving Account - ICICI Bank

A premium Savings Account for the achievers of today which will not only help you realise your financial goals, but will also upgrade your lifestyle.

www.icicibank.com

 

[kkk]

No, many companies have this restriction. You can choose from few options. Some companies have only a single option and you have to open an account for salary.

Yes true. In my last company I had option to choose from Citi and HSBC.

 

[Copycat]

Does anyone know if ICICI has a restriction on number of employees? For years, our local ICICI branch has denied giving salary accounts to some of the employees in the company at which I work (employee count is 9 and they say that is too small to open a salary a/c). We pay the salary into the ICICI a/c of the employee but the employee gets no benefits like a free DC, DD, etc.

 

[Tosh]

Does anyone know if ICICI has a restriction on number of employees? For years, our local ICICI branch has denied giving salary accounts to some of the employees in the company at which I work (employee count is 9 and they say that is too small to open a salary a/c). We pay the salary into the ICICI a/c of the employee but the employee gets no benefits like a free DC, DD, etc.

Not sure if I recall correctly but the count has to be atleast 20 for companies to be eligible.

 

[Copycat]

Not sure if I recall correctly but the count has to be atleast 20 for companies to be eligible.

Thank you. Yes, they mentioned something like that. The oddest thing is that 2.5 months worth of what we deposit as total salary for all employees easily crosses the 36 lakh minimum annual amount they specify. But, they just won't listen...

 

[hks789]

Currently I am using HDFC account for salary credit, I have family classic banking so debit card amc is nil. My account is still shown as regular in statement. Company not listed in HDFC list so no other perks.

Wanted to explore other banks. My company is not listed in ICICI list. Is there a way to get ICICI salary account if company is not in their list?

Already have 1 axis 5k mab account without any debit card. Is it wise to convert that to salary. My company is listed there. If so which account will be ideal. Gross salary per month is close to 2L. Due to high VPF contribution net is around 1.25.

 

[souvikr]

Thank you. Yes, they mentioned something like that. The oddest thing is that 2.5 months worth of what we deposit as total salary for all employees easily crosses the 36 lakh minimum annual amount they specify. But, they just won't listen...

I think they are just avoiding very small companies because of a recent salary account scam happened in icici bank. Just google "icici salary account scam" for more details.

 

[Ravana_88]

I have an ICICI and Axis bank account, I don't know the exact variant. I am drawing 1 lac plus salary per month. Which bank account will give more benefits?

ICICI - Privilege written on top in net banking and debit card has titanium written.
Axis - Prime on top in net banking and account type is SAPPM

I am looking for benefits more on banking perspective. I have Axis MyZone & Flipkart CC and from ICICI, Platinum, Amazon & Sapphiro CC in family.

I searched ONE account of ICICI and website shows it got discontinued from 31st Aug 2022.

The One Savings Account - Saving Account - ICICI Bank

A premium Savings Account for the achievers of today which will not only help you realise your financial goals, but will also upgrade your lifestyle.

www.icicibank.com

ICICI > HDFC > Kotak > Axis

 

[Copycat]

I think they are just avoiding very small companies because of a recent salary account scam happened in icici bank. Just google "icici salary account scam" for more details.

Thanks for the link. In this case though, they are just being bureaucratic in terms of strictly following the rules. We have been with them for 20+ years, they are the only people we bank with and they have seen our cash flow for the last 20+ years. We would have seriously considered shifting from them after we were approached by several other banks with better offers, except for the fact that the pandemic turned up. ICICI was ultra-nice to us during the pandemic when we had money sitting in the bank account but no way to release it without the necessary paperwork and no way to get the paperwork to them because of the lockdown. They were so totally unbureaucratic during the pandemic I'm sure the staff concerned broke several of their normal rules in order to help us disburse our funds. So now, we kind of feel bad to think about about taking away our business from that branch, so we're stuck with them

 

[anish1516]

Yes go for ICICI. Check if they offer your Their Wealth account. Initial deposit required is 25 lakh but sometimes they open it on 1 lakh also. You can try.

It’s 10L not 25L as of now. I opened it in Sept.

 

[Patil007]

It’s 10L not 25L as of now. I opened it in Sept.

I opened in 1 Lakh 🤣. It is depend on sales person in perticular branch also. They take special approval for lower amount. I got it in one lakh only.

 

[anish1516]

I opened in 1 Lakh 🤣. It is depend on sales person in perticular branch also. They take special approval for lower amount. I got it in one lakh only.

1 Lakh is when you already have an account and want to link it. May be different in your case. Banks have no rules to be honest.

 

[Batmanbaba]

I opened in 1 Lakh 🤣. It is depend on sales person in perticular branch also. They take special approval for lower amount. I got it in one lakh only.

Which city..??

 

[Patil007]

Which city..??

Mumbai

 

[Batmanbaba]

Mumbai

watch my dm

 

[kjs]

ICICI > HDFC > Kotak > Axis

ICICI account might be the best , but I somehow had very bad experience with ICICI Bank. They forced me to open a bank account just coz I took a home loan from them otherwise they would increase the ROI to + 0.1%

 

[wapenshaw]

Yes

what happened after the upgrade? any new features? new debit card? I am currently on silver savings account and planning to upgrade to the One Salary account

 

[tghige14]

I am getting following upgrade offer in my ICICI netbanking. I checked with RM and he said to pick the ONE account because that's available only for upgrade and new the ONE accounts are not being open.

I am also getting same upgrade offer. Did you upgrade your account? If yes, then which one? What are the benefits you are getting compared to the Privilege Banking account?