Better bank for FD for senior citizen. HDFC & ICICI ?

[Nishan11]

Hi,

Between HDFC & ICICI, which bank will be better for large amount FD? Amount is range of 40L-90L.

Person looking for fixed deposit is senior citizen. No relationship with both mentioned banks.

I understand it's individual preference. As per my personal experience, ICICI has better app and customer support. HDFC has better rewarding programs on basis of TRV. Both bank branches are nearby.

Preference is strictly between these two banks only.

Any advice or suggestion will be appreciated. Thank you.

 

[TechnoFi]

kindly prefer bank giving higher fd interest rate.

 

[aniketkr.sharma]

Hi,

Between HDFC & ICICI, which bank will be better for large amount FD? Amount is range of 40L-90L.

Person looking for fixed deposit is senior citizen. No relationship with both mentioned banks.

I understand it's individual preference. As per my personal experience, ICICI has better app and customer support. HDFC has better rewarding programs on basis of TRV. Both bank branches are nearby.

Preference is strictly between these two banks only.

Any advice or suggestion will be appreciated. Thank you.

I would like to suggest better will be icici as there RM doesn't harsh so much like hdfc after viewing your money parked.

 

[Trust Me]

Hi,

Between HDFC & ICICI, which bank will be better for large amount FD? Amount is range of 40L-90L.

Person looking for fixed deposit is senior citizen. No relationship with both mentioned banks.

I understand it's individual preference. As per my personal experience, ICICI has better app and customer support. HDFC has better rewarding programs on basis of TRV. Both bank branches are nearby.

Preference is strictly between these two banks only.

Any advice or suggestion will be appreciated. Thank you.

Go with HDFC. Better interest rate.

Also, beware of ICICI. One Sr. Citizen in my family was paid less interest than their own rules promised, when she needed to withdraw prematurely! She had to visit the branch multiple times at the peak of summer in addition to writing multiple letters in order to recover the shortfall.
.

 

[aniketkr.sharma]

Go with HDFC. Better interest rate.

Also, beware of ICICI. One Sr. Citizen in my family was paid less interest than their own rules promised, when she needed to withdraw prematurely! She had to visit the branch multiple times at the peak of summer in addition to writing multiple letters in order to recover the shortfall.
.

Are the senior citizens not aware of online closing and prematurely withdrawal of fds?

Every bank now a days having this facility & i too used in icici for closing many fds prematurely from imobile app from past 4 years

 

[Trust Me]

Are the senior citizens not aware of online closing and prematurely withdrawal of fds?

Every bank now a days having this facility & i too used in icici for closing many fds prematurely from imobile app from past 4 years

How does online closing help if their software itself miscalculates the interest payable to Sr. citizens on premature closure, in violation of their own published rules ?!

And the moron of a BM was adamant that their 'system' could not possibly be wrong ! She was ultimately forced to eat her own words and pay back the shortfall !
.

 

[aniketkr.sharma]

How does online closing help if their software itself miscalculates the interest payable to Sr. citizens on premature closure, in violation of their own published rules ?!

And the moron of a BM was adamant that their 'system' could not possibly be wrong ! She was ultimately forced to eat her own words and pay back the shortfall !
.

Yeah then this might be issue if the system calculation is not correct then we don't know what calculation will it does and on what basis.

 

[Pissant]

HDFC would be much better as they have better interest rates and the overall quality of the people at their branches are superior than HDFC.

 

[Nishan11]

Thank you everyone for your inputs. Finalized HDFC Imperia banking.

 

[BVCBVC is verified member.]

Thank you everyone for your inputs. Finalized HDFC Imperia banking.

That's a good choice.

But just negotiate for Locker, Imperia Banking (Obviously you will get), or any good CC if he is interested. HDFC bank is very hungry on deposits AFAIK.

 

[HumorSimpson]

That's a good choice.

But just negotiate for Locker, Imperia Banking (Obviously you will get), or any good CC if he is interested. HDFC bank is very hungry on deposits AFAIK.

They are hungry to sell ulips

 

[BVCBVC is verified member.]

They are hungry to sell ulips

That's beyond hunger for them.😋

 

[Nishan11]

That's a good choice.

But just negotiate for Locker, Imperia Banking (Obviously you will get), or any good CC if he is interested. HDFC bank is very hungry on deposits AFAIK.

Yes locker is priority. Credit card is not needed for them.

 

[yobro]

Hi,

Between HDFC & ICICI, which bank will be better for large amount FD? Amount is range of 40L-90L.

Person looking for fixed deposit is senior citizen. No relationship with both mentioned banks.

I understand it's individual preference. As per my personal experience, ICICI has better app and customer support. HDFC has better rewarding programs on basis of TRV. Both bank branches are nearby.

Preference is strictly between these two banks only.

Any advice or suggestion will be appreciated. Thank you.

NESFB bank if u r ok

 

[Nishan11]

NESFB bank if u r ok

Option was between HDFC & ICICI. As it's not for me but one of my close one who's senior citizen & prefer only mentioned two banks.