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Infinia 1 Cr FD for Infinia — Now they want me to wait for 3 months?

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5 lac is insured by dicgc, usually government will not allow a normal bank to fail it will merge but trust me if somehow bank fails that 5 lac insured money is not easy to get as well
If top banks are going to fail we are going to have bigger problems than having to worry about 5 lacs. The only way a top bank like HDFC/ICICI/SBI etc would end up failing would be war.
 
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If top banks are going to fail we are going to have bigger problems than having to worry about 5 lacs. The only way a top bank like HDFC/ICICI/SBI etc would end up failing would be war.
and along with them the GOVT will also fail...Hence, that time money would not matter...There will be much much bigger problem i.e. to avoid death...
 
oh man, I like where the topic is going - but can someone conclude like do I have to actually wait 3 months? That’s what the point #6 says?

It's just that curiosity took charge over query time being . Not everyone offer 1 CR...(FD). That's why...
Just reframe and ask 5 lakh FD
 
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If top banks are going to fail we are going to have bigger problems than having to worry about 5 lacs. The only way a top bank like HDFC/ICICI/SBI etc would end up failing would be war.
Exactly my points, that's what I was trying to say that those 5 lacs insured amount is insignificant. Forget about top banks no proper bank would fail. (Not sure about small finance banks)
Government even saved YES bank
 
oh man, I like where the topic is going - but can someone conclude like do I have to actually wait 3 months? That’s what the point #6 says?
Can you explain a bit more about your proposition, is the infinity card ltf for anyone who opens 1 crore fd in hdfc bank?
 
Can you explain a bit more about your proposition, is the infinity card ltf for anyone who opens 1 crore fd in hdfc bank?
No, it is paid.
But they say FD / RLV should be maintained from last 3 months, but it doesn’t say so in sourcing policy document.
 
No, it is paid.
But they say FD / RLV should be maintained from last 3 months, but it doesn’t say so in sourcing policy document.
What if they deny and don't even give you after 3 months, you will lose a lot on fd due to 3 months less roi plus penalty as well
 
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