bhavyakjain
KF Expert
Hi everyone,
I have some doubts about premium savings account tiers that depend on salary credit or NRV/deposit criteria.
If someone later lets the relationship become passive/dormant (salary stops, NRV drops, FD withdrawn, etc.), I'm trying to understand what typically happens.
1. Account Downgrade
a. Do banks automatically downgrade the account once eligibility isn’t met?
2. Zero MAB after downgrade
If the zero-MAB benefit is removed and the SA balance is kept at zero:
a. Are non-maintenance charges levied?
b. Can the bank close/deactivate the account for having zero balance?
3. Zero balance + an FD
If SA balance is zero but a small FD is still maintained:
a. Will MAB penalties still apply?
b. Can the bank still try to close/deactivate the account?
4. LTF premium debit/credit cards
If premium chargeable cards were given as LTF due to the premium account tier:
a. After downgrade, can the bank start charging annual fees?
5. Using the downgraded/basic account again
If the customer later revives the account (regular usage, deposits, transactions) without upgrading back to premium:
a. Any hidden charges/issues when becoming active again?
b. Any impact on MAB/NRV calculation or treatment of the account?
6. Future upgrades or applying new cards
If the customer later tries to re-upgrade or apply for new premium cards:
a. Do past downgrades cause any internal flags?
b. Any impact on eligibility for LTF offers or premium products?
Examples :
1. HDFC Imperia – Platinum DC / Regalia Gold CC
2. Axis Burgundy – Burgundy DC / Select CC
3. ICICI Wealth – Wealth DC / Sapphiro CC / Emaralde CC
4. IDFC FIRST Wealth – Wealth DC / Wealth CC
Anyone who has gone through a downgrade or maintained a dormant premium account—any caveats, clawbacks, or unexpected issues to watch out for?
Thanks in advance!
I have some doubts about premium savings account tiers that depend on salary credit or NRV/deposit criteria.
If someone later lets the relationship become passive/dormant (salary stops, NRV drops, FD withdrawn, etc.), I'm trying to understand what typically happens.
1. Account Downgrade
a. Do banks automatically downgrade the account once eligibility isn’t met?
2. Zero MAB after downgrade
If the zero-MAB benefit is removed and the SA balance is kept at zero:
a. Are non-maintenance charges levied?
b. Can the bank close/deactivate the account for having zero balance?
3. Zero balance + an FD
If SA balance is zero but a small FD is still maintained:
a. Will MAB penalties still apply?
b. Can the bank still try to close/deactivate the account?
4. LTF premium debit/credit cards
If premium chargeable cards were given as LTF due to the premium account tier:
a. After downgrade, can the bank start charging annual fees?
5. Using the downgraded/basic account again
If the customer later revives the account (regular usage, deposits, transactions) without upgrading back to premium:
a. Any hidden charges/issues when becoming active again?
b. Any impact on MAB/NRV calculation or treatment of the account?
6. Future upgrades or applying new cards
If the customer later tries to re-upgrade or apply for new premium cards:
a. Do past downgrades cause any internal flags?
b. Any impact on eligibility for LTF offers or premium products?
Examples :
1. HDFC Imperia – Platinum DC / Regalia Gold CC
2. Axis Burgundy – Burgundy DC / Select CC
3. ICICI Wealth – Wealth DC / Sapphiro CC / Emaralde CC
4. IDFC FIRST Wealth – Wealth DC / Wealth CC
Anyone who has gone through a downgrade or maintained a dormant premium account—any caveats, clawbacks, or unexpected issues to watch out for?
Thanks in advance!
