Guidance needed regarding Axis Bank Savings Account

[kuchbhi]

Axis mai credit card tak sahi hay
Go for HDFC/IDFC
for having better mental peace

or rather try to become CENT QUEEN iykyk

 

[sayantandas]

Here's two better optns for you and how they are fare for your needs

Hdfc Bank

1. Savings Max Account (25k mab balance req) free cheque, plat DC which gives 1%CB
2. Plat DC ( 1% CB) no annual fee
3. Ahh not top notch; but will get your work done
4. Things like Branch Transfer, Family Banking if you want Rupay Plat Dc; all have to be requested offline. Hdfc has introduced Expressway last year wherein you can update email, address, phone online. ( some have good experience with it; few (including me) bad)

Icici Bank

1. Open a Family 360[ if you have Icici Cc with 4L limit; it can be 0 balance ] else 1L mab across family. Free DC, cheque book etc.
2. naa, Icici is not really the CB giving type of Bank
3. Certainly one of the best.
4. Well suited for only online operation

Liberty is good at offers and all. I am assuming you know all that after going through the TF thread pasted by member above.
But peace of mind and unnecessary deductions is something that even a Priority Banking Customer cannot give you assurance for 😆

Thanks for your input. I will definitely look at them as well.
Yes, I am aware of that.
😆😆

 

[6ix9ine]

Thanks for your inputs.
I expect these from my account:

1. A good and stable account without too much hassle and unnecessary balance deductions
2. Cashback if provided well and good. If not, then also fine. Not a deal breaker
3. Yes, definitely top notch internet and mobile banking
4. Limited offline branch visits as I would mostly operate it online

Your first point doesn't align with Axis. They can and they will deduct by saying "consolidated charges" and you can only wonder why it's happening.

Since you already got the credit card, you may know axis very well then.

Based on your expectations, you should not open account in axis and look for other alternatives.

If you are still fine with it, and ready to fight back till pno/rbio level, you are more than welcome to open an account.

 

[sayantandas]

Have you got any other SB accounts?
What made you to consider opening a sb account in Axis considering there are many other banks in the market? ie what is the attractive feature with regard to Axis in your view?
Have you tried to compare other banks sb accounts with regard to what you are looking for in a bank account?

Yes, I have Indusind SB account
I thought of axis because 1) they have a branch near my home, 2) I hold a credit card relation with them and I have not many problems with them so thought of opening an account there. As for the attractive feature, I saw with liberty SB account they were offering weekend discount offers and protection benefits it offered.
I want to switch from Indusind as I am not getting good service from them in my area.

Frankly speaking, I am open to other banks as well. It is not like that I am restricted to Axis only.
I was considering Axis and wanted suggestions from TF community members. If Axis is bad, I will certainly look other banks' SB accounts.
Thanks for answering!

 

[sayantandas]

Based on my experience with axis liberty savings account trust me never use any axis product such as od account,loan ,cc anything axis is axes🪓
For more details refer my threads what axis done to me

Thanks for the heads-up. Much appreciated.
I will certainly take your suggestion and look at the thread. Can you please share the link.
By the way, I am new to the community and have not checked your thread.

 

[sayantandas]

looking for cashback etc? its axis nothing will be awarded easily but those who can harvest can be on beneficial side.

If looking for general banking look else where

Thanks for the heads-up. Much appreciated.

 

[sayantandas]

I am waiting for OPs post after three months "Axis bank F***ed me, please help" 😀

Jokes apart @OP please read @SSV 's comment. Most probably you don't need an Axis account. Unless you are a masochist then no judging go for it.
😀

Thanks for the heads-up. I will definitely keep this in mind.
😆😆😆

 

[sayantandas]

Motion to start a dedicated TF Advisory Section for products, services, entities, and organizations to stay away from. This section would cover legit entities engaged in anti-consumer antics systemic in nature. I am not talking about an individual facing issues in one of the branches but things more systemic and bigger in scale. Also, this won't cover scams and frauds but legit products deceiving you with fine print, exuberant fees, and anti-consumer policies.

The section can be named "You have been warned"

We will avoid a lot of threads that keep popping up every three months.

That would be much appreciated and help others in the long run!

 

[sayantandas]

Axis mai credit card tak sahi hay
Go for HDFC/IDFC
for having better mental peace

or rather try to become CENT QUEEN iykyk

Thanks for the heads-up.
I will definitely look at HDFC/IDFC

 

[sayantandas]

Your first point doesn't align with Axis. They can and they will deduct by saying "consolidated charges" and you can only wonder why it's happening.

Since you already got the credit card, you may know axis very well then.

Based on your expectations, you should not open account in axis and look for other alternatives.

If you are still fine with it, and ready to fight back till pno/rbio level, you are more than welcome to open an account.

Thanks for the heads-up. I will look for other alternatives. My time is more precious than haggling with them (including pro level) so would take your advice.

 

[sayantandas]

Thanks to all the TF community members for addressing my query and providing valuable feedback. Much appreciated!

To me, my time is more precious ( my hard earned money as well) than haggling with Axis (even at Pno level).
I will avoid Axis to have a peace of mind and look for other banks' SB accounts.

 

[6ix9ine]

Thanks to all the TF community members for addressing my query and providing valuable feedback. Much appreciated!

To me, my time is more precious ( my hard earned money as well) than haggling with Axis (even at Pno level).
I will avoid Axis to have a peace of mind and look for other banks' SB accounts.

Very wise decision 🫂

 

[talkwithfino]

Here's two better optns for you and how they fare for your needs

I will definitely look at HDFC/IDFC

Idfc is also great! 0 fee on a lot of Banking Services and one the the best Online systems.

But they have a problem that 'some' people have run into on this forum, which is of 'Debit Freeze' . At the moment, I am unable to find the exact comment but even 'Wealth' account holders in Idfc have faced this problem. ( This sole issue is the only reason I don't recommend this Bank). Otherwise it is in same tier as Hdfc Savings Max (apart from the 1%CB that hdfc dc offers); with better Online Banking.

Here's a thread on that issue

Thread 'IDFC First Bank Account Debit Freeze & Total Freeze Issue'

Oct 28, 2024

A few people on the TF Community have posted threads about their IDFC First Bank accounts being placed under debit freeze or total freeze for minor reasons. Many others have commented on these threads, sharing that they too have faced similar issues, and that their issues have not been resolved despite contacting the bank. Let me explain this issue in detail and bring it to light. IDFC First Bank has shown a commitment to listening to customers in the past, and I hope this time they will also work to resolve this issue for their customers.

IDFC First Bank is a modern, digital-focused bank...

• TechnoFino
• account bank account idfc idfc first idfc first bank idfc first bank account debit freeze idfc first bank account total freeze issue
• Replies: 31
• Forum: Finance World News

• 
• 
• 

 

[sayantandas]

Idfc is also great! 0 fee on a lot of Banking Services and one the the best Online systems.

But they have a problem that 'some' people have run into on this forum, which is of 'Debit Freeze' . At the moment, I am unable to find the exact comment but even 'Wealth' account holders in Idfc have faced this problem. ( This sole issue is the only reason I don't recommend this Bank). Otherwise it is in same tier as Hdfc Savings Max (apart from the 1%CB that hdfc dc offers); with better Online Banking.

Here's a thread on that issue

Thread 'IDFC First Bank Account Debit Freeze & Total Freeze Issue'

Oct 28, 2024

A few people on the TF Community have posted threads about their IDFC First Bank accounts being placed under debit freeze or total freeze for minor reasons. Many others have commented on these threads, sharing that they too have faced similar issues, and that their issues have not been resolved despite contacting the bank. Let me explain this issue in detail and bring it to light. IDFC First Bank has shown a commitment to listening to customers in the past, and I hope this time they will also work to resolve this issue for their customers.

IDFC First Bank is a modern, digital-focused bank...

• TechnoFino
• account bank account idfc idfc first idfc first bank idfc first bank account debit freeze idfc first bank account total freeze issue
• Replies: 31
• Forum: Finance World News

• 
• 
• 

Thanks for the heads-up. Will keep this in mind.
I have a IDFC FIRST Bank branch in my city. Will visit the branch if I plan to open an account there.

 

[dvader]

Regarding Debit freeze...what I have found helpful is avoiding payment to unknown personal UPI IDs. I am not talking about merchant UPI that's never a problem. I am talking about those smart people who take out their phone and say 'bhaiya payment ispe dalo'. Unless it's your daily grocery shop avoid it. As soon as I see a non merchant QR in a shop I am out. UPI for all of it's shitty anti-consumer stuff can put you in a lot of unnecessary trouble. Imagine paying someone on personal QR and police is looking into the guy for some other stuff. I have family in law enforcement believe me shit can get real awefully quickly.

Also, I have a dedicated account (SBI) for transactions I don't trust. At worst there will be a freeze and I have good terms with SBI (family there) and lifting it is not a big deal. NSDL with vKYC is also good for untrusted TXNs

 

[dvader]

Thanks for the heads-up. Will keep this in mind.
I have a IDFC FIRST Bank branch in my city. Will visit the branch if I plan to open an account there.

IDFC is really good. No BS account, get it opened and it won't bother you ever again.

For people who just want an account and are not looking for new accounts to experiment

HDFC, ICICI, IndusInd, IDFC shoud be your go to.

also if you have an unpleasant experience in the branch, don't waste your time switch to another branch. Branch experience is extremely localized.