IDFC Bank - Savings account interest rate cut official

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It’s official. IDFC bank slashes savings account interest rates.

Bit of a bummer. https://cdn0.desidime.com/attachments/photos/681835/medium/Screenshot_20210501-000315_Samsung_Internet.jpg?1619807661  

33 Comments  |  
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time to closed ac or transfer fund in another ac those hold big amount

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raja wrote:

time to closed ac or transfer fund in another ac those hold big amount

Hope there is no suprise charges on closing the account.

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what are the other options now?? equitas and ujjivan?

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chai_lover wrote:

what are the other options now?? equitas and ujjivan?

ys

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I was planning to transfer my funds from idfc to hdfc but hdfc pays even less, 3%

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Tjs15 wrote:

I was planning to transfer my funds from idfc to hdfc but hdfc pays even less, 3%

3.5 hdfc icici

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rbl also a good interest rate for saving

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raja wrote:

rbl also a good interest rate for saving

they are changing charges from 1 june,25 paisa per sms,debit card charge etc.

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deadguru wrote:

they are changing charges from 1 june,25 paisa per sms,debit card charge etc.

its optional

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Moving to Equitas now. Can somebody tell if it is possible to close IDFC account without visiting the branch?

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koushik wrote:

Moving to Equitas now. Can somebody tell if it is possible to close IDFC account without visiting the branch?

i also want to knw how to close bank account without visiting the branch

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koushik wrote:

Moving to Equitas now. Can somebody tell if it is possible to close IDFC account without visiting the branch?

not possible.just empty your account without fear as it will not impact cibil.

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Addicted_Org wrote:

i also want to knw how to close bank account without visiting the branch

not possible.just empty your account without fear as it will not impact cibil.

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Addicted_Org wrote:

i also want to knw how to close bank account without visiting the branch

CC said to close account u need to visit the branch.

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kukdookoo wrote:

not possible.just empty your account without fear as it will not impact cibil.

We need to maintain atleast 25 k

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New banks gives attractive interest rate initially then once they gather the customers they will give normal interest rate.
Don’t run behind the rate of interest
Thank god recently RBI modify the customer safety upto 5lac.

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Addicted_Org wrote:

We need to maintain atleast 25 k

then make it zero and empty the account if you decide to close it.i sent their cs mail saying and attaching a letter that i cannot visit account due to the current situation and to close my account and if they can’t then it is closed from my side and i will not be responsible for anything. do mention in mail to send anyone to collect closure letter from home. bheje ya na bheje unki marzi

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Addicted_Org wrote:

We need to maintain atleast 25 k

yes MAB is high and interest payout is less. Planning to close. Any experience with IDFC account closing? I opened account back in January 2021. 4 months old account. Any additional charges for account closing. Can anyone confirm?

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kukdookoo wrote:

then make it zero and empty the account if you decide to close it.i sent their cs mail saying and attaching a letter that i cannot visit account due to the current situation and to close my account and if they can’t then it is closed from my side and i will not be responsible for anything. do mention in mail to send anyone to collect closure letter from home. bheje ya na bheje unki marzi

Keep us updated on the response smiley

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RunZone wrote:

Keep us updated on the response smiley

they keep on calling and tell me to visit branch but i said that they can collect closure letter from home. lets see what action they take.

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kshmr wrote:

yes MAB is high and interest payout is less. Planning to close. Any experience with IDFC account closing? I opened account back in January 2021. 4 months old account. Any additional charges for account closing. Can anyone confirm?

make it zero and empty the account if you decide to close it.i sent their cs mail saying and attaching a letter that i cannot visit account due to the current situation and to close my account and if they can’t then it is closed from my side and i will not be responsible for anything. do mention in mail to send anyone to collect closure letter from home. bheje ya na bheje unki marzi

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