https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472071
baludesi
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Close bank accounts that are not primary.
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Having multiple bank accounts? How do you keep track ?
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How do you keep track of the charges, balance or unnecessary deductions etc?
Just today SBI deducted Rs. 20 for PMSBY without my consent & I raised a complaint for this.
Luckily, I got an email alert but I can't rely on their alert mechanism only. There are other charges like debit card, or any other random one or just like today's insurance without my consent which might be deducted from any of the multiple accounts without any alert.
SMS alerts are disabled since I don't wanna pay for what I won't really use & emails are more reliable for me which are turned on for all accounts. One can't keep checking the statement or app repeatedly for multiple bank accounts so what's the solution.
I'm talking mainly about accounts that are necessary & only have the essentials activated like card etc. I'm also talking primarily about the unexpected charges that are not in the normal charges list, like this insurance debit without consent.
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https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472107
I have closed my primary idbi bank account and made kotak 811 account as primary..
All banks looting customers
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https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472079
Maintain only zero balance accounts, close unwanted debit cards. Hold atleast one physical Debit card for cash withdrawal purposes.
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472110
I have surrendered my one and only physical debit card too..
No need to pay 300 annual charges
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472096
All the charges are mentioned in the "Schedule of charges", read those before opening any account. I have 12+ bank account, none of them is having any charges that is not known to me
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472113
The schedule of charges get updated every month and after opening account, we can't do anything rather than paying charges or closing bank account
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https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472127
DMed you @Shubham021
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472152
Is bank of baroda giving free rupay platinum card?
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https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472146
My way;
I have 5 bank accounts
Au bank: deducting ₹46 a month apy+ 177 debit fee..
Punjab and Sindh bank: sms charge of ₹17.7 (I tried closing that but branch says it's compulsory)+177 debit card
Kotak 811 ;free account
Indian Bank: sms charges+ 295 debit card(will deduct in next year so will close before that)
Canara bank: will close soon have 0 balance in it
Tips/suggestions
Always review transaction statement monthly fix a date for that...
Close unnecessary accounts
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472238
There are now facilities to withdraw using only phone at ATMs if I am not wrong.
Using mobile number..?
My sbi and axis banks are charging me with debit card and sms charges.
If anyone has a full proof solution then please let us know..!
Thank you.
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472520
I had 21 accounts. I closed 11 last month. Now 10 remaining out of which 8 are zero balance accounts. And I plan to keep all of these accounts. If I want to open an account in a different bank then I will first close one out of these 10 before opening new. One is main account to use for everyday. In rest others I keep the same amount and check once every month so I get to know about any debit or credit in those accounts.
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472523
What's the purpose of so many accounts
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https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9472586
1.5 to 2 years
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9473514
Summary of all the comments is
Open NSDL aacount or BOb, or kotak, AU accounts But 0 MAB accounts.
Then check for sms and DC charges and opt out of sms alerts and choose virtual debit card option.
If anyone likes to add something would be great help.!!
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9474260
1) I don't know the type of my account. There is no information regarding type on the passbook. How to check type of saving account in bank of baroda?
e.g. Baroda Basic Savings Account or Baroda Advantage Saving Account
2) How to check Minimum QAB (Quarterly Average Balance) for any bank
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9474411
Even I'm looking to expand my horizon and open accounts in a few more banks. Currently I have :
SBI (0 MAB)
PNB (2k MAB)
HDFC Bank (0 MAB, Salary, Preferred Banking)
Paytm Payments Bank (No idea about MAB)
Bandhan Bank (5k MAB)
Digibank by DBS (10k MAB now, will close this as I don't see much value from it now)
Thinking of opening account in - AU / Jana Small Finance Bank and looking at this thread, Bank of Baroda can be considered which offers 0 MAB account and free virtual RuPay Platinum debit card
IDFC First Bank I was thinking of having but for 25k MAB, I don't see any benefit of parking that amount for no use at all.
IndusInd / Kotak Mahindra Bank ... never thought of keeping, how are they and any specific offer I can avail of?
Any other suggestions for opening an account and benefits it has which can be beneficial?
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9474654
sabhi khato me zero balance, track karne ki tension hi nahi.
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9474712
Mail to branch stating your concern for the refund. You can find the branch email id in your statement.
If they didn't refund or response for a month then go with RBI OBDUSMEN. It will work fine.
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9474927
Yeah! I mailed my branch & submitted a complaint on the official portal.
The manager called going gaga over Modi & the insurance policy masterstroke.
I simply asked to refund & stop the policy which he agreed to.
The manager called going gaga over Modi & the insurance policy masterstroke.
I simply asked to refund & stop the policy which he agreed to.
https://www.desidime.com/discussions/having-multiple-bank-accounts-how-do-you?page=1#post_9475298
Account Aggregator provide all in one solution for multiple accounts..
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