Digital Banking - IDFC First vs Niyo X

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Hello,

Does anybody have account in either IDFC First or Niyo X? If yes, then what are your thoughts. How are their services. I am planning to open an account. Both these banks offer attractive interest rates of 7 percent. Which one should I opt for?

Are there any other banks which offer same interest rates with better services?

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Idfc first is 6% now.
Still worth due to no extra charges (like debit card charges, sms charges etc) and Visa signature debit card with Bms offer each month

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Don’t know about other banks but IDFC First bank doesn’t offer 7% interest anymore. It’s 6% now and may decrease further as they get more customers.

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Is it still worth to go for IDFC then or is there any other better option currently?

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Having a niyo account
Interest rate is 6 percent as of now.
Had a hard time getting the debit card, might be a one off issue.
Other than that no charges on anything

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kukdookoo wrote:

what is niyox?

Just a wrapper service on top of EQUITAS SMALL FINANCE BANK, IDFC First, YES and DCB Bank…
eg. you open saving account…it actually sits with Equitas or IDFC First

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Sudarshan61 wrote:

Just a wrapper service on top of EQUITAS SMALL FINANCE BANK, IDFC First, YES and DCB Bank…
eg. you open saving account…it actually sits with Equitas or IDFC First

is it actually good and paperless? because equitas is not providing video kyc.

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