Need Help to choose bank account

Axis liberty or Hdfc. 

But dont think this is long term process because within few days debit card option will be removed from cheq (most probable)

Indusind exclusive account. Get mastercard world exclusive debit card with it, it gives rewards for payment throigh cheq/postpe etc. Also you get 20% off bigbasket upto 500 per month and 0 forex charges.

Points you will get worth rs 1050 for 1.12l payment (almost 1%). Minimum balance is 1l

ansh7 wrote:

Axis liberty or Hdfc. 

But dont think this is long term process because within few days debit card option will be removed from cheq (most probable)

I dont think it will. Now other platform are also allowing cc payment through dc. Earlier only few allowed and that too for above 50k-1l payment. Now cred, postpe, paytm, freecharge all allowing dc for lowest amounts

legend101 wrote:

I dont think it will. Now other platform are also allowing cc payment through dc. Earlier only few allowed and that too for above 50k-1l payment. Now cred, postpe, paytm, freecharge all allowing dc for lowest amounts

Paytm and mobikwik always allowed, amazon never. Except these 2 none of them has been consistant. Freecharge charges 1%+gst, Postpe again removed dc option atleast for me if not for all

Icici currently offering zero balance account with ₹95000 initial funding via online

timelord wrote:

Icici currently offering zero balance account with ₹95000 initial funding via online

What's the name of account, can't seem to find it online?

Reaper1 wrote:

What's the name of account, can't seem to find it online?

Digital savings account : https://www.icicibank.com/personal-banking/acco...

You'll get this option at the funding stage

timelord wrote:

Digital savings account : https://www.icicibank.com/personal-banking/acco...

You'll get this option at the funding stage

Thanks will check it out. Any catch tho?

Did you opened it?

timelord wrote:

Icici currently offering zero balance account with ₹95000 initial funding via online

What is initial funding means?

timelord wrote:

Icici currently offering zero balance account with ₹95000 initial funding via online

What is initial funding means?

timelord wrote:

Digital savings account : https://www.icicibank.com/personal-banking/acco...

You'll get this option at the funding stage

1) is it a 3 in 1 account ?

2) also those who previously opened digital account/already existing regular ICICI customers can't open new account through digitally, right ?

@guest_999

Hotsoup wrote:

What is initial funding means?

Initial funding means during account opening process, you need to fund the account (options like net banking,etc will be provided)...

P.S :- once your account set-up is done, you can withdraw the amount.

smz wrote:

1) is it a 3 in 1 account ?

2) also those who previously opened digital account/already existing regular ICICI customers can't open new account through digitally, right ?

@guest_999

Nope normal digital savings account that requires 10k mab normally

Hotsoup wrote:

What is initial funding means?

Minimum fund to open an account

timelord wrote:
Nope normal digital savings account that requires 10k mab normally

Please answer second query also

smz wrote:

Please answer second query also

I haven't tried that

timelord wrote:
Minimum fund to open an account

smz wrote:

Initial funding means during account opening process, you need to fund the account (options like net banking,etc will be provided)...

P.S :- once your account set-up is done, you can withdraw the amount.

smz wrote:

1) is it a 3 in 1 account ?

2) also those who previously opened digital account/already existing regular ICICI customers can't open new account through digitally, right ?

@guest_999

2. No, as far as I know it is standard procedure for all banks in India. e.g. Kotak 811 once closed/converted can never be opened again.

timelord wrote:
I haven't tried that

Just tried. It cannot. Anybody who had previously opened account with ICICI cannot open new account digitally (even if their previous account is closed)

guest_999 wrote:
2. No, as far as I know it is standard procedure for all banks in India. e.g. Kotak 811 once closed/converted can never be opened again.

Ok thanks. Any specific reason for it ?

smz wrote:

Ok thanks. Any specific reason for it ?

Bank software/operating procedures & rbi rules. Digital is preferred because it is cheaper for banks to open/operate hence they can afford to give zero bal on it but if someone start opening/closing it again or existing users start opening it/shifting to it then it result in loss/similar cost to bank as regular acc. There is also rbi rules regarding kyc & bank software may get confused by duplicate/multiple entries of same pan for such digital accs.

timelord wrote:

Digital savings account : https://www.icicibank.com/personal-banking/acco...

You'll get this option at the funding stage

Anything similar for HDFC to open zero balance account ? (Not the Jan dhan ones) @guest_999

timelord wrote:

Icici currently offering zero balance account with ₹95000 initial funding via online

Actually i don't want zero balance account, i want account with Debit card giving good benefits

smz wrote:

Anything similar for HDFC to open zero balance account ? (Not the Jan dhan ones) @guest_999

No, closest you can get is open a regular 10k MAB acc then transfer 1 lakh to it & keep it there for a month & then go to branch & fill acc upgrade form to classic banking. Once acc is upgraded you can use it as zero bal acc as ppl say hdfc rarely downgrades classic banking accs for not maintaining 1 lakh MAB.

timelord wrote:

Digital savings account : https://www.icicibank.com/personal-banking/acco...

You'll get this option at the funding stage

Any idea bro if this is better or should one go with wealth acc which requires 5l IF?

timelord wrote:

Icici currently offering zero balance account with ₹95000 initial funding via online

So I opened my mother's account (95K initial funding) on Tuesday night and got application as pdf instantly. Then on Wednesday at 11 am did video KYC. now if I check application status,still it's showing option for video KYC.

1) Do we get any confirmation sms/email after video KYC ? If yes, then when

2) how do we check if our account is full/mini Kyc ?

P.S :-

1) logged into net banking working. Balance showing there.

2) imobile still not working. After verification sms sent it asks for creating login pin and then when entered, it keeps on buffering.

@guest_999

pmahesh wrote:

Any idea bro if this is better or should one go with wealth acc which requires 5l IF?

Here in Bangalore, about 1 year back I asked and they asked for 10L cheque for creating wealth management account in my nearest branch (normal branch)

smz wrote:

So I opened my mother's account (95K initial funding) on Tuesday night and got application as pdf instantly. Then on Wednesday at 11 am did video KYC. now if I check application status,still it's showing option for video KYC.

1) Do we get any confirmation sms/email after video KYC ? If yes, then when

2) how do we check if our account is full/mini Kyc ?

P.S :-

1) logged into net banking working. Balance showing there.

2) imobile still not working. After verification sms sent it asks for creating login pin and then when entered, it keeps on buffering.

@guest_999

If it is mini kyc icici won't allow to add funds more than ₹1 lakhs try adding ₹5001 to existing ₹95000 if it allows then full kyc verified