https://www.desidime.com/discussions/which-bank-is-best-bank-of-the-year-2021?page=3#post_8244831
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xxxyyyzzz wrote:Even Hsbc, one card and standard chartered updates them in real time.
I was wondering why icici, axis and hdfc takes days to reflect 🤔
One possible reason might be that their system actually does not mark the txn as “payment due to merchant” immediately but rather have some “cooling period” so if the user decide to cancel/dispute the txn then it can be reversed faster.
Icici – For account features, loan rates and customer care and APay card.
HDFC – Rewarding credit cards and ease of getting “first” credit card. High credit limit.
IDFC – Ease of getting your “second” credit card.
IndusInd – Debit card with 0 markup fee. Excellent banking app.
SBI – Loan rates. Though go through your statements once you get approved. I had to drag them to banking ombudsman for charging me “IT Verification” fees.
Axis – Not for Banking! Have a few excellent credit cards like Magnus.
Honorable mentions:
Standard Chartered – The only bank app I have ever used which won’t let you use newly registered fingerprint to access the app/accounts. It would ask you to register the fingerprint again in app and only allow you access to app with username and password till that time.
This is the biggest security flaw in ICICI, SBI, IndusInd, IDFC as well as HDFC banking apps.
HSBC – Their high tier banking allows you to carry your banking relationship and credit history across the world wherever they have branch/office. Biggest advantage given by no other bank.
DBS, Citi and Deutsche banks – Excellent Investment bankers, international research and RAs. Would need high NRV though.
RBI 😀