Best Bank to Open HUF Account - Discussion

[akjha78]

I have
1. salary account with icici
2. regular savings account with hdfc, bob, sbi
3. digital savings account with au

I want to open my huf account. I want a bank in which I dont have to visit branch for fund transfer, cash deposit, or basic things like address update etc. I also plan to maintain good amount in the huf account so it would be preferable to go with a bank which has auto sweep in like feature or in general good savings interest rates.

I have heard icici and hdfc are good but wanted to hear about your experiences. Also since I already have my personal account in these banks, if I open my huf account with them do I have to logout and login multiple times in the banking apps to switch between my personal and huf account?

Does any of the leading private sector banks offer a way to manage personal and huf account under same login?

 

[opbamldg]

HUF will be treated as a separate entity. No bank can provide it under same login. Do you want to open a savings account or current account for HUF?

 

[akjha78]

HUF will be treated as a separate entity. No bank can provide it under same login. Do you want to open a savings account or current account for HUF?

I want to open Savings account

 

[jivesh]

I have a huf saving account in axis bank, indusind bank, rbl bank. Axis, indusind, rbl provide debit card in huf account.

 

[akjha78]

I have a huf saving account in axis bank, indusind bank, rbl bank. Axis, indusind, rbl provide debit card in huf account.

Which of these bank would you recommend and why?

 

[jivesh]

Rbl bank, rbl bank provide rbl signature + dc and enterprise dc, 1000rs Cashback per month. You can earn 12k annual.

 

[akjha78]

Rbl bank, rbl bank provide rbl signature + dc and enterprise dc, 1000rs Cashback per month. You can earn 12k annual.

Thanks for the suggestion, this seems really promising. I saw some restrictions for mcc in getting the cashback on this debit card. Can I use this to do cc bill payment? If yes which platform will give rewards? I know mobiquick allows cc bill payment using debit card but not sure about its MCC.

 

[maulik]

Also since I already have my personal account in these banks, if I open my huf account with them do I have to logout and login multiple times in the banking apps to switch between my personal and huf account

No. You can submit form to link both personal and HUF account under one user login and mobile number/ email. I have done same in ICICI. Process can only be done at branch.