Hotness Need Advice to open zero balance savings bank a...

Hot Deal Need Advice to open zero balance savings bank account onine

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Ajithian wrote:

I am having DBS & kotak. Both I ll suggest

how to complete kyc of kotak 811 account opened with only PAN

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hows jana small fin bank.. is it trusted?? wanted to do fd for 3 lakh

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baaz4u2007 wrote:

hows jana small fin bank.. is it trusted?? wanted to do fd for 3 lakh

Ratings for Jana bank is not good, consistently. However you can open deposit of ~75k each in 3-4 family members to keep money safe under RBI’s DICGC. Small banks generally are far safer and sound. And if you compare to many big PSU like idbi, private bank like idfc they are much much better financially due to RBI’s policies which allowed them as a bank.

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marketdimer wrote:

There are small finance banks which provides 9%! Why settle for 8? Anyways all deposits upto 1 lac is insured so all banks registered under dicgc are safe

https://www.dicgc.org.in/FdLibCommercialBank...px

Any one of them now allowing online Aadhaar based account opening?
Jana Bank, Fincare offer 9% on FD.

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marketdimer wrote:

Ratings for Jana bank is not good, consistently. However you can open deposit of ~75k each in 3-4 family members to keep money safe under RBI’s DICGC. Small banks generally are far safer and sound. And if you compare to many big PSU like idbi, private bank like idfc they are much much better financially due to RBI’s policies which allowed them as a bank.

Yes, don’t keep more than 1 lac in same bank account. Try to split it among different accounts. Worst case you get insurance cover upto 1 lac per account.

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baaz4u2007 wrote:

hows jana small fin bank.. is it trusted?? wanted to do fd for 3 lakh

I have 3 senior citizen accs in name of wife’s parents with 1 joint and 2 individual. I get 9.6 for 3 years, whatever deposit is, have made it monthly interest payout and money I get every month goes into a recurring deposit (i add some amount from my side too) of 4 years, 4 and half years and 5 years at whopping 9%. It’s a dream to get above 9% in this era.

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marketdimer wrote:

Ratings for Jana bank is not good, consistently. However you can open deposit of ~75k each in 3-4 family members to keep money safe under RBI’s DICGC. Small banks generally are far safer and sound. And if you compare to many big PSU like idbi, private bank like idfc they are much much better financially due to RBI’s policies which allowed them as a bank.

now IDBI under LIC care

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asen wrote:

Any one of them now allowing online Aadhaar based account opening?
Jana Bank, Fincare offer 9% on FD.

Not right now but soon. Since while we were busy in Abhinandan, government silently overturned supreme court’s decision on aadhaar and reinstated it through constitutional power. So banks are waiting for RBI’s clearance now which will be very soon. However sfb have been supportive in a/c opening. My wife’s parents got jana bank a/c opened by exec coming from 200km away, my equitas a/c was opened by a guy coming from 330km! Though I had commited large amount and atleast 2 accounts to both. smile

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marketdimer wrote:

I have 3 senior citizen accs in name of wife’s parents with 1 joint and 2 individual. I get 9.6 for 3 years, whatever deposit is, have made it monthly interest payout and money I get every month goes into a recurring deposit (i add some amount from my side too) of 4 years, 4 and half years and 5 years at whopping 9%. It’s a dream to get above 9% in this era.

in mumbai the greater bombay coop bank giving 8.5% for 18 months simple interest

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desiman wrote:

in mumbai the greater bombay coop bank giving 8.5% for 18 months simple interest

All banks these days gives quarterly reinvested interest rates so if a fincare or Suryodaya gives 9% for 3 years, it actually gives 10.21% annual in 3 year. Also chances of coop bank defaulting is much much higher in compare to other banks where chances are almost nil.

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marketdimer wrote:

All banks these days gives quarterly reinvested interest rates so if a fincare or Suryodaya gives 9% for 3 years, it actually gives 10.21% annual in 3 year. Also chances of coop bank defaulting is much much higher in compare to other banks where chances are almost nil.

yeah 2 coop banks like kapol and city coop gone to dust people struggling to get their deposits

so aadhar is back in banks

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desiman wrote:

yeah 2 coop banks like kapol and city coop gone to dust people struggling to get their deposits

so aadhar is back in banks

https://m.jagran.com/politics/national-presiden...

Yes, via special ordinance. Also aadhaar will be chargable now for every freaking thing. One verification will cost 20 bucks say sim card, bank a/c opening and all. Sad because all recruitment exam uses aadhaar for verification and poor aspirant has to pay to verify he or she is, what is reported by him or her. Should have kept such necessary reuirements away but then we also have to pay for 10 by 4 feet security wall’s security. sad

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marketdimer wrote:

Try small finance banks. Utkarsh gives 7% on savings. I have a basic account with them. There are 12 sfb. You need to talk and bargain with account opening deposit amount bait and approx 10k fd. Good thing, everything is free. Bad thing is apart from AU or Equitas, most dont have ecomm support (can’t buy from amazon or paytm) imps, upi or one time mandate. Other than that it does your work efficiently. Currently I have a/cs in 6 sbf. Will be happy to help if someone wants any (no pm because I rarely read pm).

Long ago I opened online account with fincare small finance bank received debit card but not deposited any money into it, how do I complete full KYC of this account?

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drupal wrote:

Long ago I opened online account with fincare small finance bank received debit card but not deposited any money into it, how do I complete full KYC of this account?

That must be 101 first. If it is year old, check balance. Because in 101 first they charge 30 rs monthly on debit card after a year. If not, 1st close debit card by calling customer care and tell you dont need replacement card (else they will charge for replacement too). If your a/c is not year old, you need to call cc and book a meeting. You have to be regularly disturb them. An exec will come to do kyc. You can also go in a branch nearby for quick kyc. However it’s a useless a/c and rather close it, as it is charging for everything even for email statements, sms alrets, fund transfers and what not instead open a fincare smart saver account in case you really want a fincare account.

Otherwise if someone is looking fincare a/c just for fd, they allow so without opening a saving a/c where fd can be redeemed in a desired non-fincare bank.

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marketdimer wrote:

https://m.jagran.com/politics/national-presiden...

Yes, via special ordinance. Also aadhaar will be chargable now for every freaking thing. One verification will cost 20 bucks say sim card, bank a/c opening and all. Sad because all recruitment exam uses aadhaar for verification and poor aspirant has to pay to verify he or she is, what is reported by him or her. Should have kept such necessary reuirements away but then we also have to pay for 10 by 4 feet security wall’s security. sad

article was posted on this but looks like no one seem interested in these matters

Businesses need to pay up to Rs 20 for using Aadhaar services: UIDAI

https://www.desidime.com/forums/dost-and-dimes/...

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vickyVicky wrote:

This interest amount is per day basis??
After calculating per day basis they will add all days interest and credit on a single day…. ?

Or
What’s the way….

But the by this DBS account is possible only when we have pan card ???!

interest is calculated on daily closing balance, credited quarterly.

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desiman wrote:

article was posted on this but looks like no one seem interested in these matters

Businesses need to pay up to Rs 20 for using Aadhaar services: UIDAI

https://www.desidime.com/forums/dost-and-dimes/...

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This for businesses to pay for a nominal Rs. 20 per Aadhaar kyc. Banks had to spend more than that for manual kyc paper work. For Rs. 20 now they will get Aadhaar authentication service which will be quick and zero paper work. It will be easy for people like us too to open a bank account instantly. Otherwise, you had to bring id, address proof, photograph.. then fill up forms, sign here and there.. then wait for account to be open. I think Rs. 20 is ok.

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marketdimer wrote:

I have 3 senior citizen accs in name of wife’s parents with 1 joint and 2 individual. I get 9.6 for 3 years, whatever deposit is, have made it monthly interest payout and money I get every month goes into a recurring deposit (i add some amount from my side too) of 4 years, 4 and half years and 5 years at whopping 9%. It’s a dream to get above 9% in this era.

wow…

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baaz4u2007 wrote:

off topic.. . is opening account in rbl bank for fixed deposit is gud idea… its rate is higher than others 8.05%

I doubt 8.05%. It may be in FD, not savings account interest.

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bridges wrote:

I doubt 8.05%. It may be in FD, not savings account interest.

He talking about FD only. rolleyes

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