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Any business owners here? I need some suggestion

arjun

TF Select
My Dad runs a manufacturing business and it is a 20 year old business. Now I have taken over and I found out that we had account in Central bank and uco bank which are both almost useless now I am looking to open a current account in one of the pvt banks and after getting reviews my choice is ICICI. What do you guys suggest, options are Axis,ICICI,Hdfc,kotak

1. Annual turnover around 5cr
2. 70% of usage is cheque & NEFT
 
Solution
My Dad runs a manufacturing business and it is a 20 year old business. Now I have taken over and I found out that we had account in Central bank and uco bank which are both almost useless now I am looking to open a current account in one of the pvt banks and after getting reviews my choice is ICICI. What do you guys suggest, options are Axis,ICICI,Hdfc,kotak

1. Annual turnover around 5cr
2. 70% of usage is cheque & NEFT
ICICI has one of the best support in terms of tech. You can't go wrong with any of the top 3 private sector banks: ICICI, HDFC, Axis. Kotak has decent support as well.
My Dad runs a manufacturing business and it is a 20 year old business. Now I have taken over and I found out that we had account in Central bank and uco bank which are both almost useless now I am looking to open a current account in one of the pvt banks and after getting reviews my choice is ICICI. What do you guys suggest, options are Axis,ICICI,Hdfc,kotak

1. Annual turnover around 5cr
2. 70% of usage is cheque & NEFT
Go with ICICI..
 
My Dad runs a manufacturing business and it is a 20 year old business. Now I have taken over and I found out that we had account in Central bank and uco bank which are both almost useless now I am looking to open a current account in one of the pvt banks and after getting reviews my choice is ICICI. What do you guys suggest, options are Axis,ICICI,Hdfc,kotak

1. Annual turnover around 5cr
2. 70% of usage is cheque & NEFT
ICICI has one of the best support in terms of tech. You can't go wrong with any of the top 3 private sector banks: ICICI, HDFC, Axis. Kotak has decent support as well.
 
Solution
My Dad runs a manufacturing business and it is a 20 year old business. Now I have taken over and I found out that we had account in Central bank and uco bank which are both almost useless now I am looking to open a current account in one of the pvt banks and after getting reviews my choice is ICICI. What do you guys suggest, options are Axis,ICICI,Hdfc,kotak

1. Annual turnover around 5cr
2. 70% of usage is cheque & NEFT
You can request LTF infinia if u open with HDFC, no?
 
@Subhankar @ashwink
Thanks for the info just the problem is that the nearby branch has really unskilled employees, they don't even have proper knowledge about all the features of current account! I am talking about ICICI
Use the power of Twitter you will get call from your branch and account should be opened very shortly 😀
 
Infinia isn't being provided as LTF to anyone. Even to the newly launched HDFC Infinite Banking program which is a Private Banking program
One of the members, mentioned that they received Infinia LTF. Not Sure how.
 
One of the members, mentioned that they received Infinia LTF. Not Sure how.
It was being offered as LTF, not the metal one, the PVC one. Many still do hold the PVC Infinia for LTF status
 
@Subhankar @ashwink
Thanks for the info just the problem is that the nearby branch has really unskilled employees, they don't even have proper knowledge about all the features of current account! I am talking about ICICI
Go for Wealth Management Program, and open it from bigger branch. Now with Wealth acc, there's no "branch banking" concept. Most of the operations will just be done by RM. Just ignore their ULIP requests
 
It's not. If you don't have an account with ICICI, open an Wealth acc directly with 5-10 L of cheque and ask them to open it. If you can deposit more, check with Wealth Select, it'll be required of a 30L cheque
Thanks for the info, Appreciate your effort.
Exactly how many kind of wealth account are there?
Once the cheque is deposited than for how long will have to keep the amount?
And they have offered titanium account for all directors no AMB, is it worth or it should go for wealth?
 
Thanks for the info, Appreciate your effort.
Exactly how many kind of wealth account are there?
Once the cheque is deposited than for how long will have to keep the amount?
And they have offered titanium account for all directors no AMB, is it worth or it should go for wealth?
Wealth has door step banking which covers till 60 kms, highest in any bank offers. If you're maintaining good relationship value with them, they may cover it for more distance if required.
No need to keep anything. Keep as much as you want. But as you said the transaction amount, thus suggested this
 
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