Is there a way to make ICICI or HDFC account zero balance using a fixed deposit ??
In ICICI we can make a insta save fd account but if we close it then it will be converted to normal account. After than can we create a new fd to make it zero balance again ?? Also can we sweep in and out of that FD ??
I don't know if a similar thing for hdfc is there.
I think ICICI InstaSave FD account is no longer available to open. I had it. I closed my FD but the account is still zero balance. I had closed it in February. It is not possible to open an FD again in case they convert it into normal savings account. Then you will have to maintain 10k per month average balance.
If you open up a Wealth Management account at ICICI with an initial 5L balance, it is then a 0 balance account.
icici had a option of 'convert your account to salary account' in imobile and netbanking. Just credit a high amount like 35k+ to your account through neft (this should not be from a person, e.g. you can try paytm merchant) and after that credit, use the above option and place a service request. Your acc will be converted to salary acc 0 balance.
Not sure if they convert again to normal acc. I used this in february and enjoying salary acc till now
ansh7 wrote:LIKE can you explain the paytm merchant thing in a better way ..?icici had a option of 'convert your account to salary account' in imobile and netbanking. Just credit a high amount like 35k+ to your account through neft (this should not be from a person, e.g. you can try paytm merchant) and after that credit, use the above option and place a service request. Your acc will be converted to salary acc 0 balance.
Not sure if they convert again to normal acc. I used this in february and enjoying salary acc till now
TINYY wrote:
LIKE can you explain the paytm merchant thing in a better way ..?
Create paytm merchant acc and link your icici bank. Accept payment of 35k on paytm merchant qr. Paytm will do neft to your icici acc next day.
Choose your company name as 'Paytm' while creating service request for salary acc in icici
ansh7 wrote:So you only sent once 35k or sending regularly each month?Create paytm merchant acc and link your icici bank. Accept payment of 35k on paytm merchant qr. Paytm will do neft to your icici acc next day.
Choose your company name as 'Paytm' while creating service request for salary acc in icici
ansh7 wrote:What are the features of salary account in icici?icici had a option of 'convert your account to salary account' in imobile and netbanking. Just credit a high amount like 35k+ to your account through neft (this should not be from a person, e.g. you can try paytm merchant) and after that credit, use the above option and place a service request. Your acc will be converted to salary acc 0 balance.
Not sure if they convert again to normal acc. I used this in february and enjoying salary acc till now
kannu.rider304 wrote:
What are the features of salary account in icici?
0 balance with free debit card and sms alerts
ansh7 wrote:Not sure if they convert again to normal acc. I used this in february and enjoying salary acc till now
There are two company names in imobile - paytm e commerce pvt ltd & paytm payments bank ltd. Which one to choose?
Watcher wrote:There are two company names in imobile - paytm e commerce pvt ltd & paytm payments bank ltd. Which one to choose?
I choosed Paytm ecom. Btw raise this request after amount gets credited from paytm in your account because bank will check this credit before approving your request
ansh7 wrote:any charges on paytm side like money transfer etc?Create paytm merchant acc and link your icici bank. Accept payment of 35k on paytm merchant qr. Paytm will do neft to your icici acc next day.
Choose your company name as 'Paytm' while creating service request for salary acc in icici
ansh7 wrote:I choosed Paytm ecom. Btw raise this request after amount gets credited from paytm in your account because bank will check this credit before approving your request
Nowadays paytm settles to bank via upi mentioning [email protected] and sometimes through Imps.. Will it work out now?
maddydilip wrote:Nowadays paytm settles to bank via upi mentioning [email protected] and sometimes through Imps.. Will it work out now?
You can try
kannu.rider304 wrote:you have to apply for that after some time...
No credit card?
ansh7 wrote:and while creating account its showing 2 options to open the account- Payment gateway and get all in one QR which one to go for ..?I choosed Paytm ecom. Btw raise this request after amount gets credited from paytm in your account because bank will check this credit before approving your request
HDFC saving max(25k mab) can be made zero balance by opening 1.5L FD of min 6month term.
Personally tested this.
jambui wrote:HDFC saving max(25k mab) can be made zero balance by opening 1.5L FD of min 6month term.
Personally tested this.
appears to be this. I was perplexed as to why my account indicates a minimum balance requirement of 0.
Is insta save fd account of icici really not available now ?? In their terms is is still specified and also in insta save faq
ansh7 wrote:@guest_999icici had a option of 'convert your account to salary account' in imobile and netbanking. Just credit a high amount like 35k+ to your account through neft (this should not be from a person, e.g. you can try paytm merchant) and after that credit, use the above option and place a service request. Your acc will be converted to salary acc 0 balance.
Not sure if they convert again to normal acc. I used this in february and enjoying salary acc till now
jambui wrote:1.5L FD should it be on auto-renewal or just one time 6 month?HDFC saving max(25k mab) can be made zero balance by opening 1.5L FD of min 6month term.
Personally tested this.
yes 1.5 lacs FD on HDFC savings max account
2.5 lacs FD on ICICI gold privilege
both make it zero MAB
jambui wrote:HDFC saving max(25k mab) can be made zero balance by opening 1.5L FD of min 6month term.
Personally tested this.
Isn't it better to just turn in auto Swift to get FD interest while keeping balance in account
jambui wrote:Ain't you losing an opportunity cost of a minimum of 1350 per annum(IDFC 6.25%)HDFC saving max(25k mab) can be made zero balance by opening 1.5L FD of min 6month term.
Personally tested this.
TempAcc wrote:Free millenia debit card which is ltf with this account.
Ain't you losing an opportunity cost of a minimum of 1350 per annum(IDFC 6.25%)
for this MAB feature?
![Hello Summer Days [22 - 26th March] - Up to 80% Off + 10% Instant Discount with SBI and HDFC CARDS](https://cdn2.desidime.com/topics/photos/1553489/medium/3.JPG?1679426695)
with millenia cashback of 400pm on paying cc bill of 40k every month.
Aren't you missing the ₹3350(4800-1350) cashback too?
or get a platinum debit card and get 750pm cashback on non-hdfc cc bills.
So look at complete package next time. 😉
icici had a option of 'convert your account to salary account' in imobile and netbanking. Just credit a high amount like 35k+ to your account through neft (this should not be from a person, e.g. you can try paytm merchant) and after that credit, use the above option and place a service request. Your acc will be converted to salary acc 0 balance.
Not sure if they convert again to normal acc. I used this in february and enjoying salary acc till now