IDFC First Bank going to charge for non-maintaining Min balance in Account
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Need to maintain Rs. 25000 monthly otherwise there will be charge. No more zero balance account.
Receive the below SMS yesterday:
Dear Customer, kindly note, effective 1st April 2019, revised Schedule of Charges will be applicable on your IDFC FIRST Bank Savings account. For details, please click https://www.idfcbank.com/notice-boar...ml
Time to close the account.
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No alternative I guess…
Interest rate wise, card benefits wise….No other bank is giving such benefits
If u find one , let me know
Hope atleast they will retain BMS offers on card…..
as there is no bank without AMB requirement now……we just have to maintain IDFC for offers
400 fine for month….waste of money
DBS Digibank is the only true zero balance account.
Opt for DBS finally…
DBS Digibank & Kotak 811 both offer Zero balance accounts & I have both of them…DBS Digibank even provides a Visa Paywave Debit card for free for first year…In Kotak 811 also, you can opt for a physical debt card after you do a Full KYC…
Also both these banks offer from home account opening with Aadhar Biometric Verification & with high saving account interest rates…
DBS Digibank Savings Account Interest rates (coping from their site) :
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Balance up to Rs. 1 lakh will get 6% interest rates No interest rates applicable
Any balances over and above Rs. 1 lakh and up to Rs. 2 lakhs will get 7% on the incremental amount
Any balances over and above Rs. 2 lakhs and up to Rs. 5 lakhs will get 5% on the incremental amount
Any balances over and above Rs. 5 lakhs will get 4% on the incremental amount…
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Kotak 811 Interest rates :
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Balance below 1 lac you will get 5% & if you keep 1 lac & more, you will get 6%…
I even offered a League Platinum Credit Card from Kotak Mahindra Bank when I was not even maintaining any balance at all in my 811 account…After they gave me a CC with 90k limit, I converted my account to 811 Full KYC Zero Balance account (from home ofcourse) & started using them more often…
Both are zero balance accounts with high interest rates & free from home account opening & Biometric verification…Don’t pay anyone any money for these two accounts…
You can just download DBS Digibank or Kotak 811 App from Playstore & get started…Both banking apps support free netbanking, fully fledged mobile apps with FingerPrint Login support & full customer care….
TIP : Keep small amount of many in your main banks (SBI, ICICI,HDFC or AXIS etc which gives only 3.5% interest on savings accounts) & put your savings on DBS Digibank or Kotak 811 for earning nearly double interests on your spare money because they give 5-7% interest depending on how much you are keeping with them…
P.S. DBS is the Asia’s safest bank & also the biggest bank of Singapore…Sachin Tendulkar is the brand ambassador of DBS India…Thought about letting this know for people who have never heard about DBS before…
DBS Digibank : https://www.dbs.com/digibank/in/inde...ml
Kotak 811 : https://www.kotak.com/en/personal-banking/accou...
can i buy bms 250 voucher with idfc bank and get 250 cashback?
Yes.
How about Ratnakar Bank zero balance account
they offer almost as good FD rates as IDFC
Already posted this..
I am too looking out for an alternative….
Will have to close this now…