bank account to park 10 to 24lacks
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which is the best bank to park 10 to 24lacks to get 7% interest plus a premium debit card with good benfits like swiggy movie and groceries offers
thanks
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Freeze laughing in the corner
Either IndusInd or IDFC bank
IndusInd gives you an exclusive account with their premium dc and IDFC gives you a Wealth account with IDFC Wealth dc.
Instead, something safe like Sahara India parivaar deposit schemes can be looked up to.
finally decided to open idfc first wealth account. visited the branch
they sent a person to hope to open the account as they need to take GPS. account opening time 48hrs max as per them
MAB is 10L. they will take 10l cheque
Any reason for not going with Indusind?
1. Jana small finance bank (weekly interest 6.75%)
2.UTKARSH SMALLFINNCE BANK ( you will get 7.25% above 5 lakhs . overall 7% for balance above 10 lakhs sb interest credited quaarterly
3.ESAF . same as Utkasrh but slighly less . you will get arounf 6.75-7$ for sb balance around 10-15 lakhs
Indusind fd ok but not for sb.Equitas good for FD but sb has come less than above 3. IDFC fd (18 months) ok but sb (though monthly interest credit) sb interest much below above 5 smll finance banks. (RBI guarantee is only 5 lakhs)
I use them all anyway
For short term, you can do bonds investment as well.
Some platforms are offering 12-16% on A rated bonds right now
Can you suggest some options?
IndusLnd , trusted and no 1
Many good Options like... IndusInd, IDFC, Bandhan, RBL Bank, AU Small finance...
Following the thread.
I was referring indusind debit cards official pages,
https://www.indusind.com/in/en/personal/Indus-R...
https://www.indusind.com/in/en/personal/cards/i... (points for usage tab)
https://www.indusind.com/in/en/personal/cards/d...
I see no upper cap for earning or redemption for these cards Pioneer World/ Infinite
Debit Card. which means effectively > 40K spends its 6x rewards so its 3% rewards right? I hope MCC 4900 gives points can anyone confirm? which is higher than IDFC Wealth?
Just FYI, I know @Demondealer has already decided and gone with IDFC, which is a great decision.
Indusind Grande/Pioneer DCs gives 20% on BB and swiggy. This is even after the recent devaluations of premium indusind DCs like exclusive.
https://bank.indusind.com/pioneer/rewards-and-p...
Yes the savings interest rates are probably better with IDFC, However personally I feel a tad better to be with indusind and FD rates are quite good on indusind.
Current FD rates:
indusind : 7.75 for 1-2yrs FD
idfc : 7.75 for 400-500 days FD
If one has the fund of 25-30L, FD with indusind might seem attractive. But all depends on the personal needs of a person.
Both banks should be good enough. 👍🏼
idfc gives monthly payout
my bank account