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Eligibility Criteria
Wealth Select services are offered to customers maintaining a Customer Relationship Value* (CRV) of minimum Rs 3 crore or having an annual minimum income of Rs 1 crore. The services can also be availed by Wealth Salary Account holders with a minimum net salary of Rs 6 lakh per month.
* Customer Relationship Value includes:
Savings Account and Current Account balances
Fixed Deposits
Assets Under Management (AUM) of investments
70% of Demat holdings
30% of Home Loan disbursed
Assets Under Management (AUM) of Life Insurance
Please note that the definition of CRV can be changed at any time at the discretion of ICICI Bank. The programme is on an invitation basis only. For queries, please write to headwealthmanagement@icicibank.com.
If a Wealth Select Account is opened, the applicant will be required to maintain a Deposits and Investment Value (DIV) of Rs 3 crore within six months from the date of account opening.
If the DIV maintained by the applicant falls below Rs 3 crore, ICICI Bank at its sole and absolute discretion reserves the right to migrate the Wealth Select Account to any other type of account as per the DIV maintained. In such cases, all product benefits, minimum balance requirements, fees & charges of the variant to which the account has been migrated will apply.
Our Customers are important to us and in case any charges or offers mentioned on the website are not provided, the Customer reserves the right to escalate the matter to headwealthmanagement@icicibank.com.
ICICI Bank reserves the right to cease the relationship with the Customer at any time, at its sole discretion including upon improper conduct of the Customer.
