IDFC FIRST BANK QUERY
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Is it really safe to put amount like 4 lac in IDFC First bank account , beauase there are giving 7% ROI on savings acccount and if i convert my account to salary account, the limit to maintain 25k will be removed ??
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maintaining 20 lakhs+ from more than one year. till now no issues
20 Lakh+ in savings acc at 7% interest for more than a year 
You don’t invest in MFs or some other reason to keep this much in savings acc,just curious.
Yes, it’s safe.
I used to cover banks stocks.
My take: while profitability will remain low for a while and thoda asset quality issue hai, it is not materially concerning for customers. So your money is safe.
they will keep interest rate high for a long time as they don’t have CASA base.
thank you so much guys appreciate your help
KG Given Guys
upto 5 lac you have insurance in any bank.
Is it for fixed deposits or for money in SB accounts also
Total amount of Savings+deposits in each bank (bank not branch) is insured upto 5 Lakhs now
where to park money for better return then 7% ?
Index Mutual Funds.
https://www.moneycontrol.com/mutual-funds/perfo...
how is kredx,trade cred & p2p?
So, I have opened IDFC Bank account with Aadhaar (OTP Authentication) and Pan card. Transferred 25k+ also in this account. Created username/password.
Now, how will I get debit card and cheque book, etc.?
Do I need to visit branch?
Their person visited to collect docs & sign. Got dc/cheque book in 4-5 days.
which IDFC card to go for?
Covering letter of debit card mentions: “For your first purchase of Rs.1000 & above, get a 10% cashback, up to a maximum of Rs.250”
Will I get 250 cb if I load Rs.2500 in my paytm wallet?
Yes, I got
Thank you guys. Added to paytm. How much time it takes to get cashback?
Next month, around 15th. If you are lucky, you’ll get it this month itself.
Amitabh bachan is not brand ambassador… Everything is safe
For salary account your company must have a tie up with them.