Suggestion for new savings account

[Akash.nagori]

I need to open a new zero balance savings account but I am confused between Indian Bank, PNB and canara bank . As only these 3 banks are close to me. I need this account for daily upi transactions and also the account should support upi lite… 1st Preference is zero balance but if I can get pre approved credit card offer I can maintain some balance as well but not more than 5k and there should be no restrictions and charges for cash deposits at branch and also should have mobile app and net banking (which I am assuming all 3 has) so experts please share your valuable thoughts and help me out

 

[federer.reddevil]

I need to open a new zero balance savings account but I am confused between Indian Bank, PNB and canara bank . As only these 3 banks are close to me. I need this account for daily upi transactions and also the account should support upi lite… 1st Preference is zero balance but if I can get pre approved credit card offer I can maintain some balance as well but not more than 5k and there should be no restrictions and charges for cash deposits at branch and also should have mobile app and net banking (which I am assuming all 3 has) so experts please share your valuable thoughts and help me out

My aunt has Indian Bank and half the time their app fails to load so if you want the mobile app to work always I suggest you not to go for that

I have PNB never faced any issue with their bank app I havent tried UPI Lite so cant comment on that

Dont know much about Canara Bank

 

[Beyond]

PNB is notoriously famous for freezing a/c . So make sure you fill correct income according to transaction you are going to do.

 

[Akash.nagori]

PNB is notoriously famous for freezing a/c . So make sure you fill correct income according to transaction you are going to do.

I might use for transactions upto 20k for upi so will it be a problem and lead to freezing ?

 

[Akash.nagori]

My aunt has Indian Bank and half the time their app fails to load so if you want the mobile app to work always I suggest you not to go for that

I have PNB never faced any issue with their bank app I havent tried UPI Lite so cant comment on that

Dont know much about Canara Bank

What about cash deposits at branch can do unlimited without any charges? I am talking about pnb

 

[Beyond]

I might use for transactions upto 20k for upi so will it be a problem and lead to freezing ?

No, Not for such amount. but just fill income upto 2.5l

 

[simplegarv]

What bank account would you recommend, I have 3L lying around?

 

[m4b]

@m4b What bank account would you recommend I have 3L lying around?

I would probably choose IDFC(4%), RBL(5.50%) interest rate on 3L.
Not trusting others.
But be careful and don't get lured by high savings interest rates offered by other banks

 

[m4b]

I would probably choose IDFC(4%), RBL(5.50%) interest rate on 3L.
Not trusting others.
But be careful and don't get lured by high savings interest rates offered by other banks

haha untagged but yep there you go in case if it helps

 

[Akash.nagori]

No, Not for such amount. but just fill income upto 2.5l

Ok got it

 

[federer.reddevil]

What about cash deposits at branch can do unlimited without any charges? I am talking about pnb

Never faced any problems during cash deposits but I make only around max 1 deposit a month rest all will be UPI or IMPS transfer into the account

 

[Akash.nagori]

Never faced any problems during cash deposits but I make only around max 1 deposit a month rest all will be UPI or IMPS transfer into the account

this is the problem I dont want to do too many self transfers bcoz then my CA asks me 1000 questions about these transactions

 

[harshn]

I need to open a new zero balance savings account but I am confused between Indian Bank, PNB and canara bank . As only these 3 banks are close to me. I need this account for daily upi transactions and also the account should support upi lite… 1st Preference is zero balance but if I can get pre approved credit card offer I can maintain some balance as well but not more than 5k and there should be no restrictions and charges for cash deposits at branch and also should have mobile app and net banking (which I am assuming all 3 has) so experts please share your valuable thoughts and help me out

I don't think PNB or Canara offers zero balance account , pls tell/correct me if they do .
Also canara exorbitant charges on even tiny things like nominee update , address update , email update etc
Both charge SMS charges with no option to turn Off .
Branch experience of Canara is definately better than all PSU banks, PNB branch experience is okayish : similar to SBI , BOB is worst branch experience .

Opening HDFC in semi-urban or age<25 in metro account is definately best option i guess if u can maintain 5k/month

 

[luciferlucifer is verified member.]

I don't think PNB or Canara offers zero balance account , pls tell/correct me if they do .
Also canara exorbitant charges on even tiny things like nominee update , address update , email update etc
Both charge SMS charges with no option to turn Off .
Branch experience of Canara is definately better than all PSU banks, PNB branch experience is okayish : similar to SBI , BOB is worst branch experience .

Opening HDFC in semi-urban or age<25 in metro account is definately best option i guess if u can maintain 5k/month

Since June 2025 canara banks all SB accounts have no penalty on non maintaincnace of MAB

 

[Avinash.Mishra]

I need to open a new zero balance savings account but I am confused between Indian Bank, PNB and canara bank . As only these 3 banks are close to me. I need this account for daily upi transactions and also the account should support upi lite… 1st Preference is zero balance but if I can get pre approved credit card offer I can maintain some balance as well but not more than 5k and there should be no restrictions and charges for cash deposits at branch and also should have mobile app and net banking (which I am assuming all 3 has) so experts please share your valuable thoughts and help me out

I don’t have experience with Indian and Canara bank. I have an account with PNB app experience is fine branch experience is horrible.