ULTIMATE family banking programmes discussion (let's make this one stop thread)

[SAS]

My brother is a priest he perfoms many poojas and astrology services etc ( he earns nearly 15 LPA) but the thing is he has no ITR till now coz all the receipts are cash but he want credit cards so after searching a lot the most common method i got is to open an account and maintain relationship with bank .... while checking for accounts i was attracted to one line (complimentary credit card) for opening high variant accounts and i started opening them and also to get that beenfit for the rest of the family i have group other 3 of my family memvers including myself so here are the accounts i opened

1. AXIS BURGUNDY
2. AU ROYALE
3. HDFC CLASSIC (SPECIAL GOLD SAVINGS ACNT)
4. ICICI WEALTH ACNT
5. IDFC 25K (this was old one and by that time i dont know there are higher variants)
(if you guys have any other suggestions of the best accounts i will open them and if you guys have any doubts please let me know i will ask my RMs and will calrify you)

1) Now, from this which is the best account .... ????
2) i have heard that icici wealth no need to maintain AMB
3) in some threads i have read that IDFC wealth and select can be 0 AMB with some trick so is it true
4) Assume my brother has Burgundy and I have a basic savings account that is grouped to Burgundy; is this acceptable, or do I receive additional benefits from having that higher account?
5) is getting credit card as complimentary is false ??? or do i really get a complimentary card within 1 to 3 months ?? CIBIL SCORES are above 770 for all my family
6) after oening i felt axis burgundy is waste .... do you guys feel the same ... are there any accounts in this list which are waste ???
7) how to loot the most benefits of all these accounts please let me know
8) which are the best debit cards among these

 

[helloworld]

Post in thread 'Downgrade experience on HNI Banking Programs!' https://www.technofino.in/community...nce-on-hni-banking-programs.21271/post-477230

Do read above first to understand 0 MAB in HNI accounts.

1) HDFC Savings Max 25k MAB
2) False. Search Banking section about recent downgrades happened in this account and converted to 25k or 50k MAB accounts.
3) False. Any assumption that all these 0 MAB, do check above post. None of them are 0 MAB.
4) Yes, Burgundy benefits.
5) True. No. (credit card not gurantee with any savings program)
6) All of them.
7) Technically bank will loot you. 10L in savings account 3% interest can't recover whatver you do on these banks.
8) HDFC Platinum.

Thread 'Premium Bank accounts to collect (usually with 0mab)' https://www.technofino.in/community...-accounts-to-collect-usually-with-0mab.12746/

 

[SAS]

Post in thread 'Downgrade experience on HNI Banking Programs!' https://www.technofino.in/community...nce-on-hni-banking-programs.21271/post-477230

Do read above first to understand 0 MAB in HNI accounts.

1) HDFC Savings Max 25k MAB
2) False. Search Banking section about recent downgrades happened in this account and converted to 25k or 50k MAB accounts.
3) False. Any assumption that all these 0 MAB, do check above post. None of them are 0 MAB.
4) Yes, Burgundy benefits.
5) True. No. (credit card not gurantee with any savings program)
6) All of them.
7) Technically bank will loot you. 10L in savings account 3% interest can't recover whatver you do on these banks.
8) HDFC Platinum.

Thread 'Premium Bank accounts to collect (usually with 0mab)' https://www.technofino.in/community...-accounts-to-collect-usually-with-0mab.12746/

bhai but ICICI BM himself told me that it is only initial payment required 4 lakhs and then no restrictions on AMB

 

[sm9811911]

Post in thread 'Downgrade experience on HNI Banking Programs!' https://www.technofino.in/community...nce-on-hni-banking-programs.21271/post-477230

Do read above first to understand 0 MAB in HNI accounts.

1) HDFC Savings Max 25k MAB
2) False. Search Banking section about recent downgrades happened in this account and converted to 25k or 50k MAB accounts.
3) False. Any assumption that all these 0 MAB, do check above post. None of them are 0 MAB.
4) Yes, Burgundy benefits.
5) True. No. (credit card not gurantee with any savings program)
6) All of them.
7) Technically bank will loot you. 10L in savings account 3% interest can't recover whatver you do on these banks.
8) HDFC Platinum.

Thread 'Premium Bank accounts to collect (usually with 0mab)' https://www.technofino.in/community...-accounts-to-collect-usually-with-0mab.12746/

Completely agree to all of this.
@helloworld this is a god tier answer

 

[TheTrickySid]

bhai but ICICI BM himself told me that it is only initial payment required 4 lakhs and then no restrictions on AMB

Believe it or not downgrade happens period.

 

[SAS]

Believe it or not it happens period.

are you saying a YES ???

 

[SAS]

Completely agree to all of this.
@helloworld this is a god tier answer

exactly but iam not getting option to mark him as a solution

 

[TheTrickySid]

are you saying a YES ???

Updated the post.

 

[SAS]

Post in thread 'Downgrade experience on HNI Banking Programs!' https://www.technofino.in/community...nce-on-hni-banking-programs.21271/post-477230

Do read above first to understand 0 MAB in HNI accounts.

1) HDFC Savings Max 25k MAB
2) False. Search Banking section about recent downgrades happened in this account and converted to 25k or 50k MAB accounts.
3) False. Any assumption that all these 0 MAB, do check above post. None of them are 0 MAB.
4) Yes, Burgundy benefits.
5) True. No. (credit card not gurantee with any savings program)
6) All of them.
7) Technically bank will loot you. 10L in savings account 3% interest can't recover whatver you do on these banks.
8) HDFC Platinum.

Thread 'Premium Bank accounts to collect (usually with 0mab)' https://www.technofino.in/community...-accounts-to-collect-usually-with-0mab.12746/

bro i will confirm that ICICI wealth AMB just texted my BM to confirm the same

 

[helloworld]

bro i will confirm that ICICI wealth AMB just texted my BM to confirm the same

Thread 'Got a call from ICICI Wealth RM regarding 'downgrade trigger'!' https://www.technofino.in/community...-wealth-rm-regarding-downgrade-trigger.17052/

this might help you for more understanding. again, I personally verified some of my friends accounts converted to 25k and 50k.

Now its upto you.

 

[SAS]

Thread 'Got a call from ICICI Wealth RM regarding 'downgrade trigger'!' https://www.technofino.in/community...-wealth-rm-regarding-downgrade-trigger.17052/

this might help you for more understanding. again, I personally verified some of my friends accounts converted to 25k and 50k.

Now its upto you.

wow you have very practical answers thank you it helped me .....

 

[helloworld]

wow you have very practical answers thank you it helped me .....

suggestion for all banks: when BM promised something, request them same in email. If you receive, then indeed you have 0 mab premium account.

 

[SAS]

i got this confirmed bro ... do you seriously suggest me to get confirmation over mail ??? and also there are couple of other points that my help plz check

 

[sm9811911]

suggestion for all banks: when BM promised something, request them same in email. If you receive, then indeed you have 0 mab premium account.

Also to add even if they promise something over email, bank can deny saying this was a false promise. So, do some due diligence that whatever is promised is realistic.

Icici bank has downgraded accounts we have seen, so rest depends on you. @SAS

i got this confirmed bro ... do you seriously suggest me to get confirmation over mail ??? and also there are couple of other points that my help plz check