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

[NikhilG]

I

people are investing a lot of money in FD thinking 5 lakh is safe please dont break people trust

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

 

[JAM]

I

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.

 

[ujjwal2024]

I

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...

 

[Hackmebro]

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?

 

[hender]

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

 

[NikhilG]

I

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

 

[NikhilG]

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?

 

[Hackmebro]

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.

 

[NikhilG]

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.

Okay so you plan to give fd for one year?

 

[NikhilG]

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

 

[Hackmebro]

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

Well that’s fucked then. I’ll escalate till RBI lol

 

[NikhilG]

Well that’s fucked then. I’ll escalate till RBI lol

Do keep us updated. I hold a ltf millennia on diners network. Long time back I used to have diners premium card and I used a lot of 10x on smartbuy but after it'd expiry they gave me millenia when I actually deserved atleast regalia gold.
Now my question is can I get regalia gold or DCB as ltf, any fd amount they would want me to?
Not interested for paid imperia yet.