Best high balance saving account

[maynigam]

Hello guys
Looking for suggestions on opening a high value savings account with good benefits. Want to transfer cash out of HDFC which has no regard for maintaining high NRV.
Thanks

 

[Bodhi]

Best hni account with non spend benifits

Dc lounge access is like any premium cc
Reward system is almost better than icici shappiro and EMP 😂

Do they offer any super premium credit card (LTF), locker, etc.?

 

[Vasuki]

Do they offer any super premium credit card (LTF), locker, etc.?

With private they will definitely give you locker

For wealth if you maintain 10 l ofcourse they will if you push well

If you have 5 lakh + limit cc u can apply C2C
Idfc wealth cc
Select u will get very easily & idfc other co branded will be follow apart from rupay cc
With devaluations in cc it's doesn't make sense but all of them ltf

 

[Bodhi]

With private they will definitely give you locker

For wealth if you maintain 10 l ofcourse they will if you push well

If you have 5 lakh + limit cc u can apply C2C
Idfc wealth cc
Select u will get very easily & idfc other co branded will be follow apart from rupay cc
With devaluations in cc it's doesn't make sense but all of them ltf

Thank you for sharing @Vasuki

 

[maynigam]

If you have 50 lakh
Go for
Idfc private directly
Then u can maintain 10-20 or above

Bob radiance is good but tedious

Yes bank - mehhhh nooo

A little less than that. I think I'll have to go for idfc wealth account.
Which Indusind account variant would you suggest? Is it worth?
I was considering indusind for the debit card cash back on credit card payment but I read that hdfc is giving cashback on sbi unipay (haven't confirmed it myself)

 

[maynigam]

IMHO there should be no word like high value saving account... Every day you keep your money in saving account you lose more money... Unless you want to just do it temporarily to gain a new card or Perk.. Not worth it

Any bank which gives perks or new cards that are worth it?

 

[Riya Sharma]

A little less than that. I think I'll have to go for idfc wealth account.
Which Indusind account variant would you suggest? Is it worth?
I was considering indusind for the debit card cash back on credit card payment but I read that hdfc is giving cashback on sbi unipay (haven't confirmed it myself)

IndusInd Pioneer has 0.5% cashback flat while IndusInd Exclusive has cashback up to 0.93%. But the Exclusive cashback is capped up till 1000 something per month. Pioneer DC is uncapped. And it also has various other benefits.

 

[Vasuki]

A little less than that. I think I'll have to go for idfc wealth account.
Which Indusind account variant would you suggest? Is it worth?
I was considering indusind for the debit card cash back on credit card payment but I read that hdfc is giving cashback on sbi unipay (haven't confirmed it myself)

Idfc gives 2.6 % on dc after 50k spend in month 🤣🤣
Indusind Pionner was good but it's asking for maintenance so can't recommend

 

[Lobogris]

RBL gives you 7.5% interest on balances above ₹1 lakh if you maintain atleast ₹25 lakhs. You can open an Insignia account. But yeah, some might find it risky and such.

It doesn’t. Only the amount above 25 lakhs would get 7.5% interest. I have had an Insignia account for years and keep a few crores with RBL in FDs. It’s one of my less used accounts.

 

[Lobogris]

If you want hight interest, then go with smaller banks. You can get 7.5% on savings account beyond a few lakhs. If you want other things, then keep the money in FDs and choose a bigger bank. At the end, it all depends upon the staff and manager and they keep changing. So one branch of a bank can be good while another is bad and later the good one can worsen if the staff changes. I have had good and bad experiences with almost all banks. I have around 15 to 20 accounts in India and all are top tier but that doesn’t guarantee good service at all.

 

[Riya Sharma]

Idfc gives 2.6 % on dc after 50k spend in month 🤣🤣
Indusind Pionner was good but it's asking for maintenance so can't recommend

please expand on this. How do I get this? Is there any capping?

 

[Seth]

RBL gives you 7.5% interest on balances above ₹1 lakh if you maintain atleast ₹25 lakhs. You can open an Insignia account. But yeah, some might find it risky and such.

I have 4 family Accounts in RBL but BM says we can't open insginia account as branch is small

What is minimum balance requirement at family level in total and what is process can you share

And what we get in welcome kit?
Like credit card etc?

@Lobogris if you can also share your experience it would be great

 

[SSV]

Hello guys
Looking for suggestions on opening a high value savings account with good benefits. Want to transfer cash out of HDFC which has no regard for maintaining high NRV.
Thanks

How much funds (ballpark )we are talking about here?
And what kind of benefits matter to you, in the order of importance??

 

[sourpai]

It doesn’t. Only the amount above 25 lakhs would get 7.5% interest. I have had an Insignia account for years and keep a few crores with RBL in FDs. It’s one of my less used accounts.

I was also under same impression, but checked the illustration. You can check it here

If total savings account balance is above 25L, all balance above 1L gets 7.5% interest rate. It is clearly mentioned in above link

 

[maynigam]

Idfc gives 2.6 % on dc after 50k spend in month 🤣🤣
Indusind Pionner was good but it's asking for maintenance so can't recommend

What do you mean by maintainance?

 

[maynigam]

How much funds (ballpark )we are talking about here?
And what kind of benefits matter to you, in the order of importance??

40L.
1. Rate of interest
2. Premium debit card with good features and rewards.
3. LTF credit card that is actually worth it
4. No penalty if I remove funds
5. Ease of use with good netbanking and app
6. Good service, but I guess that depends on branch.

I know I have listed pretty much anything that anybody can ask for.

 

[SSV]

40L.
1. Rate of interest
2. Premium debit card with good features and rewards.
3. LTF credit card that is actually worth it
4. No penalty if I remove funds
5. Ease of use with good netbanking and app
6. Good service, but I guess that depends on branch.

I know I have listed pretty much anything that anybody can ask for.

How much you want to keep in SB and how much in FD?
When you say removing funds: removing everything forever or removing some portionf of it for some amount of time?

 

[Vasuki]

40L.
1. Rate of interest
2. Premium debit card with good features and rewards.
3. LTF credit card that is actually worth it
4. No penalty if I remove funds
5. Ease of use with good netbanking and app
6. Good service, but I guess that depends on branch.

I know I have listed pretty much anything that anybody can ask for.

Idfc private gives everything apart from premium cc
Also to enroll u need to have 50 l as IP then 40 lakh will work as charm
Even 20

 

[maynigam]

How much you want to keep in SB and how much in FD?
When you say removing funds: removing everything forever or removing some portionf of it for some amount of time?

I usually prefer to make FDs at higher rates in cooperative banks and keep them for the term, not for purpose of liquidity.
Purpose of these funds is liquidity.
Slowly removing some portions for some time. But may remove for long time also (if stock market gives an opportunity)

 

[SSV]

I usually prefer to make FDs at higher rates in cooperative banks and keep them for the term, not for purpose of liquidity.
Purpose of these funds is liquidity.
Slowly removing some portions for some time. But may remove for long time also (if stock market gives an opportunity)

Okay , BOB Radiance is a closer option for your needs.
With 30L FD, you get Radiance along with BOB Eterna CC LTF and a few other useful free DCs.( excpet for Opulence DC).
My complete story is here.. you can find out all the details in that post.. you can ask any queryies related to this in that thread.

If you want to get free locker and free Opulence DC also, then you need to look into recently introduced "bob masterstroke saving account" but this needs continuous ongoing elgibility requirement .. (ie. 5L SB and 10L FD together .. or 10L SB)..

Please ask any questions about the above in the relevant threads so that other people get benefitted..

My BOB Radiance journey:

Post in thread 'Regarding BoB radiance requirement'

Aug 16, 2024

So you will have to hold 10L in savings account to keep the radiance status?

Please keep us posted

Thanks for sharing the information 🙂 Keep us posted.

There are a lot of new options these days.

One has shared his experience with the IDFC Wealth Debit Card, and the other has shared his experience with the PNB Platinum Credit Card. Someone else in this forum has also shared their experience with the Rupay Select Debit Card.

All these cards were swiped directly at the lounge.

Even bank never asked such questions to me so far for giving credit...

• SSV

• 

BOB Masterstroke account:

C

Thread 'BoB Masterstroke Savings account | LTF VISA Opulence Debit card (Metal) | LTF VISA Eterna Credit card'

Oct 9, 2024

bob Masterstroke Saving Bank Account targeted for HNIs​

https://www.bankofbaroda.in/persona...accounts/bob-masterstroke-saving-bank-account.

Criteria:
10L QAB or 5L QAB + 10L TD required.

From BoB website:

Sr	QAB	TD	Charges Applicable (Y/N)	Amount
1.	>= Rs 10.00 lacs	Not Required	N	NA
2.	>=Rs 5.00 lakhs < Rs. 10.00 lakhs	>= Rs. 10.00...

• credible65
• account bob credit card debit card eterna ltf opulence savings savings account visa
• Replies: 141
• Forum: Bank Account

• 
• 

All the best..

 

[RajeshV]

It doesn’t. Only the amount above 25 lakhs would get 7.5% interest. I have had an Insignia account for years and keep a few crores with RBL in FDs. It’s one of my less used accounts.

Well, I'm 100% certain it does.