Saving Account with maximum interest rate for amount less than 1 lakh
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Hi All,
Got a confirmation from my internal source that IDFC BANK will reduce the interest rate to 4% in coming day for amount below 1 lakh.
So i was wondering which saving account offers vest interest rate based on below criteria:
1. Minimum Balance requirements must be within 5000
2. Debit card charges should be option, only to be charged if we take physical card.
3. Upi available
4. Free imps
5. Good app.
Do share your thoughts…
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still it have unlimited withdrawal offer from atm
rbl bank can be an option
How much?
Digibank
Put in MF small amount monthly. U will get return better than bank.
Its not that costly until you get Rs.250 a month of bookmyshow. Also if it gives you a visa signature card, which gives freedom to get lounges access at airports for free and trust me its worth it. Minimum balance required is Rs.25000/- for this category. I have opened individual savings account of all my family members. This card also allows you to withdraw cash upto Rs.2L daily from ATM (limited upto maximum from 10 swipes per day per account that too nil withdrawal charges). It comes with good amount of insurance too (dont recall the insured amount but its good).
But for all that benefits, you need to keep just 25k. What about the rest of the amount?
Just confirmed from my friend who works in IDFC Bank about interest rates getting slashed. A clever move by IDFC Bank taking advantage of the current situation. Gained customers by lucrative interest rates and making way into banking sponsor/partner of KBC. Even if they slash the interest rates now, I suppose customer has to walk-in for closing the account, which people are avoiding these days.
I checked in bank,they said no such offcial news
What about YEs Bank Sweep in FD, it is giving 6.25 percent interest if you book for 1 year.
If you plan to close the FD within one year, then the interest rate applicable for that period will be charged, along with some penatly(not sure of this).
If plan is to keep it locked for 1 year, you may consider FDs from IDFC
As per my discussion with Yes Bank person, there are no charges and we can use money the way we use in our saving account.
RBL bank will be next best option.
IDFC not updated new rates at all places. 
they going to change atm charges?
You can check here
IDFC First Bank to change its savings account interest rate soon. New rates start from 4%
Please Visit
https://ddime.i...nN
Dimers have mentioned about best options in the comments.
Bank me kuch nahi rakha. Try to learn crypto currency trading
Paytm bank FD
No penalty for premature withdrawal… But premature withdrawal gives lesser interest… I find it good
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@bumblefoot Sorry for posting in wrong section, pls move it to D&D