Account for day to day (UPI) transactions

[vysakh]

I use UPI every time I go to the tea shop and so there are like a 100 transactions of 10rs or 12rs in every statement and this is cluttering my salary/investment/emergency accounts. Tried using wallets. Phonepe works well, but most merchants around me use paytm. I have boycotted paytm because their app is scammy and requires too many permissions. Amazon pay is barely seen. Then there are merchants who have only BHIM. So yeah, all these transactions come up in the account and I would prefer to move all these daily stuff to another account dedicated just for this.


Requirements:

• Zero/downtime - Don't want to keep waiting forever for the UPI transactions.
• No/low maintenance charges - monthly, quarterly, whatever. Zero is great. A couple of Ks is also fine. No more than 10k.
• No app-only stuff. Should be able to see stuff online, on the website, without the app.
• Debit card is optional, but if it's free I'll take it. I don't want to pay for it.
• no paytm or airtel payments back.

The ones I do not want, because I already have accounts with them

• HDFC
• SBI
• Kotak

Have CC with IDFC and Axis. Will this help me open an account sooner, if I were to select them, since the kyc and verification were all done already?

 

[Krish]

IDFC will be good ,but open before 30th june, after that you have to pay annual charges for debit card.

Don’t consider Axis , has annual charges for debit card. And their service is bad.

 

[BankExpertIndia]

I use UPI every time I go to the tea shop and so there are like a 100 transactions of 10rs or 12rs in every statement and this is cluttering my salary/investment/emergency accounts. Tried using wallets. Phonepe works well, but most merchants around me use paytm. I have boycotted paytm because their app is scammy and requires too many permissions. Amazon pay is barely seen. Then there are merchants who have only BHIM. So yeah, all these transactions come up in the account and I would prefer to move all these daily stuff to another account dedicated just for this.


Requirements:

• Zero/downtime - Don't want to keep waiting forever for the UPI transactions.
• No/low maintenance charges - monthly, quarterly, whatever. Zero is great. A couple of Ks is also fine. No more than 10k.
• No app-only stuff. Should be able to see stuff online, on the website, without the app.
• Debit card is optional, but if it's free I'll take it. I don't want to pay for it.
• no paytm or airtel payments back.

The ones I do not want, because I already have accounts with them

• HDFC
• SBI
• Kotak

Have CC with IDFC and Axis. Will this help me open an account sooner, if I were to select them, since the kyc and verification were all done already?

I Use Jupiter (Federal Bank)... It's A Good Account... Otherwise You Can Use IndusDelite Account It's Also Good...

 

[aarunn]

Kotak 811 is good for UPI transactions.

 

[hriday.haria]

I use UPI every time I go to the tea shop and so there are like a 100 transactions of 10rs or 12rs in every statement and this is cluttering my salary/investment/emergency accounts. Tried using wallets. Phonepe works well, but most merchants around me use paytm. I have boycotted paytm because their app is scammy and requires too many permissions. Amazon pay is barely seen. Then there are merchants who have only BHIM. So yeah, all these transactions come up in the account and I would prefer to move all these daily stuff to another account dedicated just for this.


Requirements:

• Zero/downtime - Don't want to keep waiting forever for the UPI transactions.
• No/low maintenance charges - monthly, quarterly, whatever. Zero is great. A couple of Ks is also fine. No more than 10k.
• No app-only stuff. Should be able to see stuff online, on the website, without the app.
• Debit card is optional, but if it's free I'll take it. I don't want to pay for it.
• no paytm or airtel payments back.

The ones I do not want, because I already have accounts with them

• HDFC
• SBI
• Kotak

Have CC with IDFC and Axis. Will this help me open an account sooner, if I were to select them, since the kyc and verification were all done already?

I would suggest to go with IDFC, and if possible, 10k variant before 30th June 2022 as others have stated.

 

[vysakh]

Jupiter

App-Only

Kotak

Kotak 811

It's like people don't even read the post. smh



I'll check out IDFC

 

[hriday.haria]

App-Only



It's like people don't even read the post. smh



I'll check out IDFC

Yes, also their(IDFC) new UI is pretty responsive and slick.

 

[skvignesh]

Dont go for ICICI, they dont send spent messages for txns below 100rs. if you want to analyze your spends then it will be problem...

 

[vysakh]

Went with IDFC 10k. They had my data pre-filled since I have a CC with them. Still need to do vKYC. Gah.
Thanks for the suggestions guys!

 

[Krish]

Went with IDFC 10k. They had my data pre-filled since I have a CC with them. Still need to do vKYC. Gah.
Thanks for the suggestions guys!

Has the account details been sent for you ?
I tried to open the account yesterday and did the funding also. But no account details are sent to me yet.

 

[skvignesh]

Indusind sends email for even a rupee

recently i started using icici for daily txns, for most of txns i didn't get messages, contacted icici via twitter they said this icici recently made this change.

 

[SC_23]

recently i started using icici for daily txns, for most of txns i didn't get messages, contacted icici via twitter they said this icici recently made this change.

Same here used my card for amazon offer was surprised they didn't send me any sms.Funny enough they charged me for sms every quarter even when I didn't did single transaction for months and now they don't even want to send sms 🤡

 

[SC_23]

Even Kotak doesn't
But Indusind seems to send emails even for a rupee

I receive it from kotak even for double digits transaction and it's instant when compared to axis

Edit : Talking about SMS alerts only

 

[SC_23]

Dont go for ICICI, they dont send spent messages for txns below 100rs. if you want to analyze your spends then it will be problem...

Man I used it for Amazon offer and they didn't even send sms for 400 transaction?

New policy or some issue ?

 

[ChurningNoob]

Went with IDFC 10k. They had my data pre-filled since I have a CC with them. Still need to do vKYC. Gah.
Thanks for the suggestions guys!

How are you finding IDFC?

 

[SC_23]

Indusind sends email for every rupee transaction

I received transaction details on mail though but I like to have sms as well.
Infact I prefer sms over email

 

[SC_23]

I see
Who knows
Maybe my account is new that's why ... Some banks take time

Mine is 811 opened in March yours is some high variant account if I am not wrong contact them man

 

[skvignesh]

Man I used it for Amazon offer and they didn't even send sms for 400 transaction?

New policy or some issue ?

yes cus rep said they changed last month

 

[vysakh]

Has the account details been sent for you ?
I tried to open the account yesterday and did the funding also. But no account details are sent to me yet.

They did. Got a mail some 15-20 mins later with the account number. It also said they'll be sending the chequebook and Debit card to my address shortly.
Didn't say anything about (v)KYC or document submission. Maybe I won't have to do that again.

The funding didn't go through for some unknown reason.

How are you finding IDFC?

Too early to say anything. Haven't even started using, lol.

 

[AsB]

IDFC will be good ,but open before 30th june, after that you have to pay annual charges for debit card.

Don’t consider Axis , has annual charges for debit card. And their service is bad.

I second that about Axis. Opened an account, but the branch employees are too useless and stupid. Also, Axis has charges at every corner, which increases continuously.