So I was talking to my HDFC Bank RM and they were trying to convince me to move my salary account to HDFC. They tried explaining the benefits but it all seemed so bad. For example, I have to maintain an average minimum balance of lacs.

Knowledgeable people of this sub please explain the benefits of the 'preferred' account.

I meet the salary requirements for it. Also, I satisfy the salary requirement for Regalia Gold. What is the way to get it LTF?

If it matters, I also have Swiggy HDFC Card.

I upgraded to HDFC preferred banking account sometime back, was eligible with the requirement of salary credit of 1.5L, the other eligibility is to maintain AMB of 2L. I generally use this account only for salary credit, will be moving the funds out to my other bank account.

Last week I got a mail saying that AMB is less then 2L and my account will be converted to classic tier. The same mail also clearly states that salary credit of 1.5L is eligible.

I took the issue with my RM, she's downright not helpful, the only solution she's offering is to stop moving funds out and do investments with HDFC, which I don't want to.

How do I take this forward?

Way forward and TIL:

1. Account tiers means nothing unless you're using a locker, my locker is with Standard Chartered, So its immaterial.

2. RMs being unhelpful is a universal phenominon wiht HDFC.

3. The only reason I wanted preferred is because they had a cap on the amount of cash deposit can be done, I guess I could find alternative means.

4. Will try with the nationalized customer care to continue with the preferred tier, it it does not work, will let it go.

Thanks you so much!

Hi everyone just wanted to ask if there are any BPI Preferred account holders here, and if so, what’s it like? Worth it ba?

P.S.

Pwede ba makakuha ng BPI Preferred status with USD 5k in a dollar savings account, as opposed to having PHP250k in the regular savings account?