Best savings account with 5L initial funding

[diptarkaroy]

Looking for the best option from the below for a 5L initial deposit account (will withdraw most of the amount in 2-3 months)

Yes Grandeur - branch is close to my place, ensured me that they won’t downgrade my account after 2 months once I withdraw most of the fund (should I push for yes first account??? )

IDFC wealth - branch is not close, haven’t visited the branch. Savings account service not available to my pin code

Any other better option!!!

I don’t know wanna go for big names, as I already have account with them!!!

 

[KoushikSaha]

IDFC is the only one I know as of now who aren't downgrading accounts on non maintenance. Go with it.

They have decent services and an excellent app

A piece of advice:- avoid UPI payments in this account

Can you plz tell if moderate UPI usage is allowed in IDFC i.e. 2-3 transactions daily only to merchants or friends in IDFC accounts

 

[VasukiVasuki is verified member.]

Can you plz tell if moderate UPI usage is allowed in IDFC i.e. 2-3 transactions daily only to merchants or friends in IDFC accounts

Yes but better avoid it
Use free imps service for friend

Also these days Idfc algorithm is not so touchy is fine but
Try avoiding

 

[KoushikSaha]

Yes but better avoid it
Use free imps service for friend

Also these days Idfc algorithm is not so touchy is fine but
Try avoiding

Thanks a lot

 

[vijaycard]

IDFC is the only one I know as of now who aren't downgrading accounts on non maintenance. Go with it.

They have decent services and an excellent app

A piece of advice:- avoid UPI payments in this account

Is there any issue with UPI IDFC?, I m using it for a while. So far no issues

 

[VasukiVasuki is verified member.]

Is there any issue with UPI IDFC?, I m using it for a while. So far no issues

It will be.avoid

 

[Bhagat Singh]

Go for Wealth. They will not downgrade.
They have decent service quality but depends on RM. Good app ui. Most of their services are free of charge. Good benefits/rewards on debit card.

All banks downgrade eventually. Some after 6 months some after a year.

Also if any bank doesn't downgrade. That account is useless. You may think of ut as a zero balance account with free debit card.

 

[Donald J. Trump]

Avoid karu ki nahi ?

I grabbed IDFC Future First few months before they discontinued it. Sab changa si. Sab free.

 

[VasukiVasuki is verified member.]

View attachment 110468

Avoid karu ki nahi ?

I grabbed IDFC Future First few months before they discontinued it. Sab changa si. Sab free.

Use it for dc TRX
No upi on it
Even though it's algorithm is not flagging

But but but
Chomu branch & all chomu employee will ask why u did so much upi if they ever see Your statement or any situation arises
Better use it for purpose it meant to be.

Dc reward 😎

 

[sanarora]

Go for Wealth. They will not downgrade.
They have decent service quality but depends on RM. Good app ui. Most of their services are free of charge. Good benefits/rewards on debit card.

so i just opened a wealth account with icici as it was a requirement for EPM, the official req for wealth is 10L TRV, what is the practical TRV which i can maintain to not get a downgrade from wealth to select..?

 

[Donald J. Trump]

so i just opened a wealth account with icici as it was a requirement for EPM, the official req for wealth is 10L TRV, what is the practical TRV which i can maintain to not get a downgrade from wealth to select..?

Idk about now. Usually previously your IP for a month or so was to be maintained and thereafter no MAB. Now ICICI pagal ho chuki hai. No clue. I have their privilege banking, maintain 2-3k no downgrades for last 2 years but Ig now they will change the rules for newly opened accoutns