Suggest a Zero balance savings account
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Note : Before creating the topic i searched DD regarding this and got confused because some says its a zero balance account , some says it has charges after kyc or after 1 yr etc. In every topic different types of comments are their ,so its hard to find which is correct. Most of the topics are too old.Thats why open this to directly connect with you.
Currently i have federal bank zero balance account and icici zero balance. Now both the bank’s are telling me to upgrade my account to minimum balance a/c federal 5000 & icici 10000. Frm 2019 may Federal started telling about this , But I didn’t do that. Now icici also started and Now one if that account got freezed. So I think it’s better to take the money and close those accounts.
So guys pls suggest me a zero balance account.
1, I’m not looking for payments banks accounts.
2, is kotak safe ? I think your account got blocked bcoz of the kyc issue.
Go with DBS
Don’t have branches in my state kerala.
kotak 811.. customer from last 2 years . Mainly do transaction for aliexpress
In some threads i saw comments like after completing kyc in branch our account will be converted to min balance 10k account , is it true ?
Fincare small finance Bank.
online account opening, physical Rupay Card. Full kyc at home.
Bank is not serviceable in my state bro
@jerryn70 SBI has made all their savings accounts to zero balance , no min bal required now.
If you opt for no debit card, no sms alerts, there will be absolutely no charges for their savings account.
After the covid issues they will change it to normal.
I need debit card and sms alerts.
Having Kotak 811 accont from past 4-5 yeas, dont remember if i have done physical kyc but have been doing txns once or twice in a month and working absolutely perfect.
No min balance req.
It was launched just 3 years back. https://www.businesstoday.in/sectors/banks/kota...
No sms charges for kotak811(I am not doing sms banking). Virtual card is free of charge.
how old is ur icici account ? mine not asking. maybe u opened it as personal account
I think its 4 to 5 yrs old
is it safe to kepp 50 to 1 lakh rs in kotak 811 account , i have full kyc with kotak 811 nbut never used ,how much ROI they are giving guys
@Aveejeet @THE_Beast is it possible to open fd in this account and get cc against that fd
Yes if you are asking for Kotak 811.
Bt if we compare both
Min balance
Kotak – 0
Sbi – 1000
Credit card charge
Kotak – free
Sbi – annual and joining fees (advantage plus card)
Simplyclick card is not given ti fd account holders.
@jerryn70 3k is min balance for sbi urban/metro branches,2k for semi-urban & 1k for rural branches. It is not the first time sbi is giving no min balance facility for savings acc, last time they gave this facility for 5 years(2012 to 2017). I myself have taken sbi simplyclick card against FD this year so don’t rely on website as sometimes their website does not mention all such details. There are only 2 sbi credit cards which are given against FD, simplyclick(for online transactions,give 2.5% worth reward points for amazon transactions & 1.25% worth reward points on most other online transactions) & simplysave(for offline transactions mainly,gives same 2.5% worth reward points but on offline transactions only). Both cards have annual fee of 500+gst which comes out to be around 580. You get 500 amazon voucher as welcome gift for simplyclick card so first year is effectively free. From next year onwards if you do online shopping of at least 20k on amazon then you can get a 500 amazon voucher from 2000 reward points so basically this card is free if you do at least 20k shopping from amazon. Only thing is you will need to visit your local sbi branch to get this simplyclick card against fd.
Do you know how much reward points is given to sbi bpcl card ? I have that card. My brothers card.
Any one with RBL Digisavers account?
I think no one is using that account. All are suggesting DBS bank and Kotak Bank accounts
I have opened kotak 811 recently and got an offer msg to add 5000 in 24hours and get 250 amazon gv…….when will they deliver the gv??
Around 3 months
Go to nearby SBI bank customer service center . Open to tell 0 balance sb account after lockdown period
Open a account in small psu bank. Very very low minimum balance requirment 500-1000. Zero unnecessary charges. Branch executive will not force you(HDFC,ICICI,AXIS) to buy their Mutual Fund,Insurance,FD,Dmat etc. Open A/c in United Bank, Union Bank, Andhra Bank, Uco bank, Bank of india. Indian Bank etc.
A bad advice, small psu banks do have very less charges but they also have some of the worst services. Among all psu banks only sbi is worth opening an acc unless you are too poor to afford it(assuming min balance condition which is currently not there).
Don’t open a new Kotak 811 account…Their new effective interest rates on savings accounts are almost no better than HDFC,ICICI or Axis as they are continuously reducing the interest rates…The effective interest rate is now only about 4% if more than 1 lac is maintained…
Open a DBS Digibank or Kotak 811 A/c. You get a free physical Visa Paywave international debit card,no sms alert charges, unlimited NEFT/IMPS. And it’s a proper savings account in which you can deposit even 1 crore. Interest rates are also higher than Kotak. But the only problem is you can’t deposit cash physically and very few branches.
I will go for kotak , bcoz DBS bank is not available in my state .
If you want it to open online then I guess its just kotak. Earlier SBI also used to open the same but rn its closed from a long time. So open with Kotak.
Post office also have zero balance ac . U can open it online
IPPB is online zero balance account with initial funding of 100. But IPPB is very useless.IMPS is not free. No ATM, No Net Banking, No UPI.
Post office saving account is not online and MAB should be 500. It gives ATM card. But do not expect good online service in post.
Post products are slut compared to banks.
Better to go with Kotak 911
Could someone suggest where to invest lumpsum. 15k roughly. Very less risk and maximum return
FD – Legal and less risk.
Ya phir Ganja/Tobacco/Alcohol etc..
@Aveejeet @_One_Miller_ is full kyc required to apply for the debit card and cheque book (kotak 811).
If I appy how long it will take .
AFAIK..it is after Full KYC you will be assigned to a nearby kotak branch
When i did, the KYC guy arrived with a physical form in about a week here in bangalore (& Fingerprint authentication machine for Aadhaar verification?)
Considering the current scenario, it might take more than a month for physical KYC to be done
@_One_Miller_ @Aveejeet @nirmaltvd @THE_Beast Anyway thank you guys for the help. Tomorrow I’m going to open kotak 811 account. Hope online account opening will work even in lockdown situation . What do you guys think. ?
Will kotak bank provide pre-approved credit card , loans offers like icici and hdfc ?
Online opening has nothing to do with lockdown…You can get that opened easily but FullKYC will only be done after the lockdown ends…
After your FullKYC gets done & your digital account gets converted to a savings account, you will be able to request for physical classic debit card & cheque book by paying from your Kotak811 app or netbanking…
Yes they will provide you card offers for Urbane/League Platinum Credit card…
As long as there is a kotak bank branch in the city listed in your aadhaar address the system should allow you to open an acc with 1 year validity within which you must complete the biometric verification. Kotak does give pre-approved credit card but not sure how this works in case of kotak 811 account but for normal/offline acc you must visit your kotak home branch to get pre-approved credit card without any documentation(salary proof,itr etc).
Started 811 today and got this offer " Deposit min.Rs.10000 TODAY in Kotak 811 a/c & get Rs.250 Amazon voucher FREE. "
I don’t think so
Kotak is not giving credit cards at the moment.
Yes Bank safe or not now ?
Stay away from Axis. Most Shity private bank. 1st they opened lakhs of zero balance ASAP A/c and after 1 year Silently changed the Term & Condition. Now I have to maintain 10k MAB. I’ll close my account in June.
If you open your account before 8th May there is no need to maintain the balance. Atleast it is what written in FAQ on the ASAP page.
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1 Airtel payment bank
2 kotak 811
3.paytm payment bank ( some dimmers now pointed message charges will be there)
If it is now needed only online opening kotak available