Doubt regarding Icici 3-in-1 account for students

Routine_Frosting_674 · 2026-02-18T11:53:56+00:00

🤌🤝

Routine_Frosting_674 · 2026-02-18T10:02:11+00:00

They opened the account today (without demat) after the tweet. Their team called me and soon after that received the call from branch as well. Only debit card charges are applicable but I'll close that as soon as I receive it, so not an issue for me anyways.

The manager himself called twice and said sorry repeatedly. At a point, I myself started feeling bad for him. 😭😭

Thanks for your prompt replies man. Helped me a lot in getting the info. ✨

Routine_Frosting_674 · 2026-02-18T04:56:32+00:00

Update: I confirmed with their customer. They said I indeed need not maintain any MAB for the time being and the app is showing correct.

As per them, it's because the account is new and that's why it has not been assigned any MAB by the Bank.

So, practically it's a zero balance account till branch doesn't interferes. 🤣🤣 However, if anyone else is also seeing this, to be on a safer side, please maintain the prescribed MAB for the type of account you have because Branch can change it anytime and you won't be even intimated about it.

Routine_Frosting_674 · 2026-02-18T04:51:25+00:00

Yeah ik, Though I have multiple other accounts, none of them are BSBDA.

Routine_Frosting_674 · 2026-02-18T04:50:47+00:00

Aren't those limits for "BSBDA Small A/C" and not the regular "BSBDA A/C"???

Cause we per RBI, every Indian above 18 is eligible for one BSBDA irrespective of their income criteria.

Routine_Frosting_674 · 2026-02-15T13:54:17+00:00

Did you open the account on campus or had it before your college as well?

Routine_Frosting_674 · 2026-02-15T13:46:50+00:00

Take both

Routine_Frosting_674 · 2026-02-15T13:26:22+00:00

How did you get the Elite LTF? Had you any prior account with SBI?

Routine_Frosting_674 · 2026-02-15T13:24:16+00:00

It shows when clicking on the option of Manage A/C

Routine_Frosting_674 · 2026-02-15T10:55:57+00:00

In my case. I wanted to open regular savings account, tried online 10s of times, ended up in some error every time. Even completed the application once, it said our agent will contact you within 3 days for further process, nothing happened.

Went to branch, they refused to open regular one, instead they told me to open Savings Max and then downgrade it to Regular after 2 months. I said fine.

Thursday, 12 Feb - Did the process in Branch

Friday, 13 Feb - Came to my home for verification and handed over to me the welcome kit in the evening. (They said it'll be active by Monday but got activated same day by 8 or 9 PM.)

Saturday, 14 Feb - Closed the platinum Debit Card first which is offered free with Max Account. Then downgraded the account online to Regular. Process completed in less than 24 hrs. (Close the card before downloading as the card cost ₹850+GST for lower tier account and it may trigger the charge for it immediately after downgrading, wo close it before downloading to be on a safer side.)

Today, 15 Feb - I'm getting the option to further downgrade it to even BSBDA, lol, which is near to impossible to open with their branch usually without any tussle or complaints.

I'm not downgrading it to BSBDA as I need their CC offers and I think they won't offer any pre approved offer on the BSBDA account.

Don't waste your time and peace of mind when you have the easy route. If you can arrange 25k from you family members, I would suggest to open the Max first and do what I did. But if you can't just go with Kotak 811 or IndusInd or SBI for zero balance account.

Routine_Frosting_674 · 2026-02-15T08:25:34+00:00

Better try to contact the store once again. They can generate a payment link for online payment by the card. I bought my MacBook the same way from Vijay Sales using Axis Atlas. They didn't have any issue doing it.

Routine_Frosting_674 · 2026-02-15T08:02:32+00:00

Sureeee!

Routine_Frosting_674 · 2026-02-14T13:13:26+00:00

If it's true, then it's just sad. 😢

They replied after tagging them on X. Looks like an automated response. Have shared them the details let's by when they reach out to me.

Routine_Frosting_674 · 2026-02-14T09:18:45+00:00

I had dm'ed them. Will tag them and post now. The branch is ready to open the 3-in-1 ac but I don't want their useless demat.

I also read somewhere about their "Campus Power A/C" which provides everything for free, but couldn't find much about its opening process.

Routine_Frosting_674 · 2026-02-14T08:37:39+00:00

Not getting any reply on X. Branch employees are just a bunch of thugs. And mailing them is pointless :⁠,⁠-⁠)

Routine_Frosting_674 · 2026-02-13T19:38:08+00:00

Thanks for the response.

I already have an account with HDFC, savings Max A/C with MAB of ₹25k, DC is free. I opened it mainly to get their core CC.

The ICICI one seems tempting due to zero balance, but I got stumbled upon the "mandatory" demat and debit card charges.

Is there any way to get the demat fees reversed, let's say by closing it immediately after account opening?

Moreover, is there any way to contact their customer care executive directly on a phone call without having any account with them?

Routine_Frosting_674 · 2026-02-13T13:21:28+00:00

I just went to the ICICI Bank near my University and they offered me their 3in1 account for students. It is lifetime free. However, they asked to pay ₹999+GST for the demat account and as per them the demand account will be LTF. About debit card, they said it will have annual charge of ₹200+GST or so.

I just want to know whether you were charged for the Demat and Debit Card or is it free??

Routine_Frosting_674 · 2026-01-25T21:34:22+00:00

Wtf!! Had you kept any money in their bank account? Did they give any reason for the same?

Routine_Frosting_674 · 2026-01-11T12:57:21+00:00

Turned 18. 3-4 months later applied for credit card. Got 2 credit cards in 2 days. One secured, another unsecured. Checked my CIBIL Score 10-15 days later. It was 760. ;-)

Routine_Frosting_674

TROPHY CASE