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!!!

 

[Aniket]

Looks like 2025 is the year of devaluations 🥲 Although just wondering can they do this as per RBI?

I guess they can't do this way, it's unlawful.

They are at fault mapping students account with salary and asking salary to get credited to enjoy benefits.

 

[Anindya98]

Khatam tata bye bye (Downgrade notification, citing salary not getting credited) 😐

Magar Student A/c ko Salary A/c jaisa treat karna system mein ye inka deficiency hai uspe kuch kar skatein ham log...

View attachment 116842


WTHHH!!!!


Inko Apne saare CASA band karwane ka shaukh hai kya?

Also I have a long ass email trail, because they weren't initially opening this account for me. After RBIO intervention, they opened this account for me, classified as a "SAVINGS ACCOUNT FOR STUDENTS FROM PREMIER INSTITUTES"

@SJM Tell me this qualifies for a RBIO complaint, because clearly this was a savings account not some salary account, in the account statements, a/c type is salary

PNO Complaint dal do paisa hi paisa milega RBI sa.

 

[Anindya98]

Tagging some fellow members:

@Anindya98 @Karan. @devsfinance @Lakshya Mahani Mahani @Ak Singh @ayaz @Vasuki @rrsji @kiwi195
@plastikman @Infamous @Donald J. Trump Trump @yb24 @marvel @hellobois @pkpr @runzone @Finchamp!

Yesterday got confirmation from @Ram1 that IDFC started downgrading. He was maintaining more than Select MAB, so it stopped at Select.

 

[Anindya98]

I guess they can't do this way, it's unlawful.

They are at fault mapping students account with salary and asking salary to get credited to enjoy benefits.

You should mail PNO and get the normal account(25K MAB one) as 0 MAB for compensation, and with 0 DC fees.