help in searching for high yield saving account at home

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help in searching for high yield saving account at home

now that idfc has decrease interest rate so friends banks which are giving good savings interest % are jana bank, rbl bank, equitas, bandhan bank. @UDEMYCOURSES bro posted full kyc for jana bank https://janadigi.com/onboarding/w...me jana bank has no imps free and dc card issuance is complusary with fee. Any one know about other banks in the list whether they provide full kyc at home, charges, service etc.

idfc customer care has become very rude they said that a person need to visit branch to close account.if i do rtgs and make account empty then can they harm me with a notice to pay non mab due?

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Obviously if you don’t maintain balance, you need to pay charges for it.
better to decide a good day to go branch and close account. go with PAN, Aadhar, other account cheque (may be to do NEFT for remaining balance), IDFC debit card, chequebook.
so account can be closed in one go.

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Bitcoin

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Par_ wrote:

Obviously if you don’t maintain balance, you need to pay charges for it.
better to decide a good day to go branch and close account. go with PAN, Aadhar, other account cheque (may be to do NEFT for remaining balance), IDFC debit card, chequebook.
so account can be closed in one go.

if we leave it as it is then can they issue letter to claim outstanding and hurt cibil score?

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kukdookoo wrote:

if we leave it as it is then can they issue letter to claim outstanding and hurt cibil score?

as far as i know CIBIL will not be affected for it.

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Par_ wrote:

as far as i know CIBIL will not be affected for it.

But do they have right to demand charges for non-keeping of account balance or do they deduct the same from other family account?

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@kukdookoo also check once if account cannot be closed in maybe 1 year or something.
Some banks( i think hdfc) charge you if account closed within one year of opening

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raman12 wrote:

@kukdookoo also check once if account cannot be closed in maybe 1 year or something.
Some banks( i think hdfc) charge you if account closed within one year of opening

idfc cs on phone did not ask for any charge confused

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kukdookoo wrote:

But do they have right to demand charges for non-keeping of account balance or do they deduct the same from other family account?

yes they have right to demand money and may be send you notice ( like telecom company sends ). but they can’t deduct from other family account

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kukdookoo wrote:

But do they have right to demand charges for non-keeping of account balance or do they deduct the same from other family account?

No they can’t. The account will turn dormant after a few months.

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@caks2006407 has some info about equitas bank. Also stop jumping banks so often because once you close an acc then very little chance of opening acc in same bank in future or getting a credit card from them in future. Interest rates will keep changing & even the banks you are jumping to may change it in next few months depending on economic situation.

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idfc closed my ac due to dorment but after a year gave one card with a good credit limit so i depends on pan card and cibil score

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…choose any bank….modiji will reduce all saving rates to 2%….fd rates to 3.5%….

….then you have no option other than buying stocks….

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guest_999 wrote:

@caks2006407 has some info about equitas bank. Also stop jumping banks so often because once you close an acc then very little chance of opening acc in same bank in future or getting a credit card from them in future. Interest rates will keep changing & even the banks you are jumping to may change it in next few months depending on economic situation.

But don’t we have the right to keep our money in the bank that I feel has good features?

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still_guessing wrote:

…choose any bank….modiji will reduce all saving rates to 2%….fd rates to 3.5%….

….then you have no option other than buying stocks….

I am not sure what modiji has to do with it.. as I understand, the bank independently decides it’s savings account and fd interest

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Fanil wrote:

I am not sure what modiji has to do with it.. as I understand, the bank independently decides it’s savings account and fd interest

….hahaha…

….Bro nothing against you…..

…hugss…

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Fanil wrote:

But don’t we have the right to keep our money in the bank that I feel has good features?

Yes but banks also have the right to reduce interest rates as per current economic situation. Also it is not like rates always reduce & never increase, what will you do if after 2 years idfc again increase its interest rate to 6% but you are unable to again open an acc there.

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guest_999 wrote:

Yes but banks also have the right to reduce interest rates as per current economic situation. Also it is not like rates always reduce & never increase, what will you do if after 2 years idfc again increase its interest rate to 6% but you are unable to again open an acc there.

The same happened with Equitas, initially 7% then 6% now again 7%
Hope Equitas sustains for some more time

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which bank gives highest interest on SA?

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savings accounts are dead my friend after deducting inflation you are loosing money by keeping it in savings accounts…. fd,ppf etc all interest rates are down under bjp govt acche din enjoy karo 👍

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Fanil wrote:

I am not sure what modiji has to do with it.. as I understand, the bank independently decides it’s savings account and fd interest

dude govt decides repo rate and accordingly banks decide their interest rates … bhakti chodo ab its about time open your eyes 👀

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kukdookoo wrote:

But do they have right to demand charges for non-keeping of account balance or do they deduct the same from other family account?

No

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deposit money only in commercial banks rather than new small finances banks. Rbi will not let commerial banks to dead. Yes bank and lakshmi vikas bank

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Bahu_Bully wrote:

dude govt decides repo rate and accordingly banks decide their interest rates … bhakti chodo ab its about time open your eyes 👀

As far as I remember, interest on savings account & FD was deregulated in 2011. It was left on the bank to decide. While repo rate is decided by RBI, wasn’t it decreases during the pandemic to help economy. I am not a bhakt but is blaming the government for everything right?

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Fanil wrote:

As far as I remember, interest on savings account & FD was deregulated in 2011. It was left on the bank to decide. While repo rate is decided by RBI, wasn’t it decreases during the pandemic so that it helps people. I am not a bhakt but is blaming the government for everything right?

deregulation doesn’t mean shit its proportional to what govt sets and leave the savings accounts this govt has increased taxes like crazy since 2014 and decreased interest rates on everything and you are saying cannot blame them should I blame nehru then like everything else ??

stop behaving like andhbhakt …

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Bahu_Bully wrote:

deregulation doesn’t mean shit its proportional to what govt sets and leave the savings accounts this govt has increased taxes like crazy since 2014 and decreased interest rates on everything and you are saying cannot blame them should I blame nehru then like everything else ??

stop behaving like andhbhakt …

If government is responsible then why is sbi giving 2.5% , hdfc giving 3.5% and till last month IDFC was giving 6%? Shouldn’t it be same all over. Speaking without thinking is not something I do and not call anyone telling the truth andabhakt. I check the facts and definitely if I am wrong I agree.

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Fanil wrote:

If government is responsible then why is sbi giving 2.5% , hdfc giving 3.5% and till last month IDFC was giving 6%? Shouldn’t it be same all over. Speaking without thinking is not something I do and not call anyone telling the truth andabhakt. I check the facts and definitely if I am wrong I agree.

stores sell same products on different prices according to their appetite banks also set their savings accounts rate according to their appetite and the appetite is set be monetary policy simple as that… why are you trying to defend incompetent govt when everyone can clearly see that they have reduced interest rates on every scheme and increased tax at the same time ?? soon they will reduce interest rates on ppf and senior citizens schedule they only postponed it bcoz of elections in second quarter its inevitable and you keep living in you dream world where modi is your god 🙏

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Bahu_Bully wrote:

stores sell same products on different prices according to their appetite banks also set their savings accounts rate according to their appetite and the appetite is set be monetary policy simple as that… why are you trying to defend incompetent govt when everyone can clearly see that they have reduced interest rates on every scheme and increased tax at the same time ?? soon they will reduce interest rates on ppf and senior citizens schedule they only postponed it bcoz of elections in second quarter its inevitable and you keep living in you dream world where modi is your god 🙏

Bro you are not putting your view clearly & then assuming things about others not agreeing with your point. You could have simply said that because govt’s mismanagement of economy the interest rates are reducing & one would have understood. Congress also mismanaged economy in its later years resulting in a long lasting mess, in India it is only exception when a govt(no matter which party/coalition) properly handles economy.

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Bahu_Bully wrote:

stores sell same products on different prices according to their appetite banks also set their savings accounts rate according to their appetite and the appetite is set be monetary policy simple as that… why are you trying to defend incompetent govt when everyone can clearly see that they have reduced interest rates on every scheme and increased tax at the same time ?? soon they will reduce interest rates on ppf and senior citizens schedule they only postponed it bcoz of elections in second quarter its inevitable and you keep living in you dream world where modi is your god 🙏

You are agreeing that banks set their own interest rate and at the same time saying that government sets interest rate. You are contradicting your own statement. I am not saying Modi is GOD or the government is good , you are just assuming it and since bank is independent to set its own savings rate why is government responsible. As for monetory policy , a regulation is needed. While it is okay to criticize the government. The repo rate is the lowest now. This is so that people who have seriously been affected by pandemic can have access to money easily. Had they not done that you would have complained that government is doing nothing to help people in pandemic. It sounds easy on paper to run a government but it isn’t. I really don’t care what you think of me . Call me a bhakt , I am okay . Call me a hater I am okay because I know what I am as I do not make baseless statements.

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