which is the best and easy to open digital bank account in India?

210°
Deal Cadet
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I want to open one account without visiting branch. Which is the best option?
Minimum balance requirement is ok, if services are good.
Please provide your suggestions and experience

35 Comments  |  
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I don’t know about best/worst..

PayTM via video kyc.

PS– If you are joining, let me know.. I will refer.

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161508-v2.0 wrote:

I don’t know about best/worst..

PayTM via video kyc.

PS– If you are joining, let me know.. I will refer.

Thanks. Let me finalize and let you know if required

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Sudarshan61 wrote:

Idfcfirst is good

Idfc I saw somewhere that 25000 is minimum balance. Is that true?

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good_virus wrote:

Idfc I saw somewhere that 25000 is minimum balance. Is that true?

They have 2 variants

10k

25k

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Kotak 811(zero balance)
ICICI mine(ZB)
IDFC First(10k and 25k, 2 variants)
Paytm payments bank.

Note: Banks in sequence of preference.

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Niyo x also good in partnership with eqitas sfb

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IDFC First is more preferable .
ICICI is also good

kotak 811 in my case due to some issue video kyc failed for 1 st time after that no video kyc option showing to me only by appointment

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I opened Digi-Start account at IndusInd, ₹20K initial funding after which it’s zero balance account

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HDFC also offers InstaAccount
If you are below 25, can get millennia debit card with good rewards
Can get KYC done by visiting a nearby branch for quick process

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Chiron wrote:

HDFC also offers InstaAccount
If you are below 25, can get millennia debit card with good rewards
Can get KYC done by visiting a nearby branch for quick process

This hdfc account doesnt come with debit card right ?

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Chiron wrote:

HDFC also offers InstaAccount
If you are below 25, can get millennia debit card with good rewards
Can get KYC done by visiting a nearby branch for quick process

Yes I opened hdfc online in lockdown
Also got millennia card delivered in week
It gives 400 per month for online shopping or add money
Recived 2000 till now

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kkrulesdnation wrote:

This hdfc account doesnt come with debit card right ?

it come with debit card but will be delivered to your address

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sauravDD wrote:

it come with debit card but will be delivered to your address

Ok great thanks. How much charges for dc

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Shahskm wrote:

They have 2 variants

10k

25k

Can you please share more details on both

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good_virus wrote:

Can you please share more details on both

You can check on IDFC website for more details

Almost No difference except their debit card varaint
in 10K you will get classic visa card
in 25Kvariant you will get Signature debit card (250 cb per month on BMS)

rest no debit card charges or any other charges currently

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drsa478 wrote:

Kotak 811(zero balance)
ICICI mine(ZB)
IDFC First(10k and 25k, 2 variants)
Paytm payments bank.

Note: Banks in sequence of preference.

Any debit card or other charges for 811?
Why do you prefer it over others?

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good_virus wrote:

Any debit card or other charges for 811?
Why do you prefer it over others?

Kotak 811 is the only reliable bank for zero balance and zero hidden charges as of now.
All other banks went back on their promises soon after acquiring enough user base and have started levying meaningless charges.

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good_virus wrote:

Any debit card or other charges for 811?
Why do you prefer it over others?

No charges for virtual dc and for physical 199+taxes

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ULYSSES wrote:

Kotak 811 is the only reliable bank for zero balance and zero hidden charges as of now.
All other banks went back on their promises soon after acquiring enough user base and have started levying meaningless charges.

I have that bad experience with dbs, joined seeing their attractive offers few years back. Now they are charging amc for debit card which I didn’t use from 2 years. Is there any way I can close only debit card?

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good_virus wrote:

One time or AMC?

issuance fee is 499 as well as renewal fee is 499 + taxes

Also you will get 400/month cb for using dc check hdfc webiste for more info

If u use debit card only then this may be good (But cashback takes too long to credit)

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good_virus wrote:

Any debit card or other charges for 811?
Why do you prefer it over others?

Charges only if you order physical debit card. No charges for virtual dc or account. Even no mab to be maintained.

I prefer it bcoz of user friendly interface, no hidden charges for account, good app and Netbanking site.

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sauravDD wrote:

issuance fee is 499 as well as renewal fee is 499 + taxes

Also you will get 400/month cb for using dc check hdfc webiste for more info

If u use debit card only then this may be good (But cashback takes too long to credit)

Thanks, then this is not for me. I use cc for most of the transactions.

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drsa478 wrote:

Charges only if you order physical debit card. No charges for virtual dc or account. Even no mab to be maintained.

I prefer it bcoz of user friendly interface, no hidden charges for account, good app and Netbanking site.

This account will have all the features of normal account right?
Like upi, neft and all?

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good_virus wrote:

This account will have all the features of normal account right?
Like upi, neft and all?

Yes everything.

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good_virus wrote:

Thanks. Let me finalize and let you know if required

Referral not required… you can register/upgrade to payments bank on your own.

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