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About ICICI Bank Wealth Management

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Verified Member MouthShut Verified Member
Thiruvalla (Tiruvalla), India India
ICICI cust.for 10+ yrs - swindled by Wealth Mgmt
Jan 28, 2015 12:11 PM 46021 Views

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I have been a Customer of ICICI for more than 10 years. But I was royally duped by wealth management.


Instead of wealth management, the office should be called what it is. It is a ICICI Insurance office. They are not there to help you plan investments. But to sell their policies.


I have never met a bunch of thieves like this.


I was asked my income expenditure details and sent an excel sheet which was total BS! I corrected it and sent it back. They said they want to meet me face to face. Once we met, the only suggestion from them was to buy their ELSS. Once I bought it, for more than a year now, they haven't even called me.


Also, after starting with Wealth Management, I am getting overcharged for each transaction. I am forced to use Master card instead of VISA. I don't understand how such mistreatment can be made up by plush sofas or CCD coffees. Pathetic!


I wonder why nobody has dragged them to consumer court yet. I guess none of us read the fine print.


As somebody mentioned in one of the posts - I regret not reading the reviews before using their services.


Sincere advice to HNIs or others who are reading this review - INVEST ON YOUR OWN! or with somebody you know. Never use ICICI Wealth Management

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