How many bank accounts do you have and for what purposes?

[raghavx]

I hold following bank accounts

1. ICICI Bank (Savings) - For salary crediting and investments
2. IDFC First Bank (Savings) - for savings purposes, it gives good rate of interest.
3. DBS - Idk why I am still holding this.
4. Paytm Payments Bank - Had opened it long back, not sure why I am holding this too.
5. Fi.money - For day to day transactions as my primary savings account would get cluttered with few hundred rupees transactions.
6. Jupiter - Had opened alongside with Fi, thinking to close this.

 

[Stargod]

 

[credit_debit]

There might rush to open Axis Burgundy, after reading Magnus devaluation pdf for those who can afford it.

 

[kishorvr]

Active accounts:

• ICICI Wealth (Oct 2008, but forgot) - Zero bal online account merged with core banking. Dormant, yet they converted to wealth. I reactivated the account and put some money today.
• SBI savings (Dec 2010) - Receive freelance salary and to fund PPF account.
• HDFC SavingsMax (May 2022) - building emergency fund
• Axis Prestige - May 2022 for salary

Closed/Dormant accounts:

• Vijaya bank (July 2004 to Jan 2010)
• ICICI
  • Salary account (Dec 2007 to 2008)
  • Silver account (Jul to Dec 2015)
  • Savings account (Sep 2015 to Nov 2016)
• HSBC zero bal (Jan 2007 to Dec 2008)
• Citibank
  • Suvidha (Dec 2009 to May 2011)
  • Savings - convert (June 2011 to Aug 2015)
• Andhra Bank (dad's home loan guarantee account June 2011 to June 2015)
• Kotak Mahindra bank
  • Salary account (Aug 2015 to June 2016)
  • Normal savings - convert (July 2016 to April 2017)
  • Solo - convert (May 2017 till today) - dormant with lien
  • Current - (Oct 2015) - dormant
• Yes bank
  • Current (Sep 2015) - dormant
  • Savings (Nov 2016 to Jan 2018) - months after closing, bank almost went under
• Federal bank Freedom SB (Mar 2018 to Jul 2022)
• Union bank of India salary account (Aug 2018 to Dec 2021)
• Airtel payments bank (Dec 2020) - closed due to charges, no desire for app-only accounts
• SMB - (June 2022) with Indmoney. Haven't used both yet.

 

[Kiranonlinee]

Sbi : opened for CDM machine 2013
Canara : student account 2013
Boi : loans 2016
ICICI : salary 2019
Hdfc: for rewards 2022
Indus exclusive: zero bal with pinnacle 2020
Paytm Payment Bank : lowest ecs failure penalty and investments and upi 2020

 

[chdguy1980]

Infinite is a just a tier , if you deposit 50k at any point your account gets all infinite benefits , apart from that there are no non maintenance charges
I use this account only for 0 processing fee for cc bill payment on cheq

@anirban.choudhury if you deposit 50k in fi money account, does it automatically get the infinite tier or did you upgrade your account? Can you please tell more detail about it? What does your FI money account profile shows?

 

[anirban.choudhuryanirban.choudhury is verified member.]

@anirban.choudhury if you deposit 50k in fi money account, does it automatically get the infinite tier or did you upgrade your account? Can you please tell more detail about it? What does your FI money account profile shows?

It automatically gets infinite tier , and you start getting 4x FI coins in UPi and DC spends

 

[asahi]

over the time i opened multiple bank accounts & closed many.
1. Sbi Savings account: 1st banck acc before joining college, with 500 MAB
A. Closed after few years because of unnecessary charges
2. Kotak 811: Zero Balance Account.
B. Still using mostly for APY deductions nothing else
3. Federal Bank FEDbook selfie account
C. Closed it after few years because of high debit card charges
4. Paytm Payments Bank/Airtel Payments Bank: opened because of wallet
D. Still using mostly for day to day transactions/Rewards 123 Program Very useful
5. PNB: opened in university coz bank people came to us asked us to open for their new branch
F. Still using it mostly for saving money
6. ICICI: MOSTLY to receive money(everything)
7. Fincare Small finance/equitas/indian post bank/idfc/boi/nsdl jiffy/Axis Bank/Karur Vyshya/DBS/INDIAN: not using effetively so closed
9.Hdfc/UCO/SBM/Indian overseas: TRIED TO open but changed my mind.
8. Want to Open IndusInd Bank in near future.
if i missed anything i'll edit

 

[habibmy]

1. HDFC Classic - Savings
2. ICICI
   • Regular - Rupay Platinum DC for Apay offer
   • Wealth Management Account - Savings
3. Axis Liberty - Opened for Pre Approved CC offer. Recently Got Ace card via gpay, still thinking to continue for 750 voucher per quarter.
4. Kotak 811 - All investment purposes.
5. Indusind (International Transaction - 0 Forex)
   • Partner - Got under offer with 0 MAB
   • Exclusive - Got under offer with 0 MAB & Savings
6. AU - Rupay Platinum DC for Apay offer
7. RBL - Don't know.
8. SBI - Savings & Govt Schemes like PPF
9. BoB - 0 MAB and secondary Govt Bank Account.
10. Paytm Payment Bank - Day to day UPI transactions.
11. Airtel Payments Bank - Don't know why.

Also I don't keep fund's above 5L in any account except SBI, to be on safe side under DICGC insurance cover.

Will eventually close AU, RBL, ICICI Regular & Airtel once the purpose is accomplished.

Have you closed your ICICI Regular, Au account?

 

[TheTrickySid]

Have you closed your ICICI Regular, Au account?

Nope

 

[ashwinkashwink is verified member.]

Nope

Do you still maintain mab in your icici regular account.

 

[kjs]

Do you still maintain mab in your icici regular account.

Even i have icici salary account which will be converted to regular saving account may be in next month as salary has stopped getting credited in the same. By any chance does it still continue to be 0 bal if you have any idea ?

 

[TheTrickySid]

Do you still maintain mab in your icici regular account.

Yes as of now, but on verge of getting it converted to 0 MAB

 

[ashwinkashwink is verified member.]

but on verge of getting it converted to 0 MAB

What are the ways?

 

[TheTrickySid]

What are the ways?

It's non duplicatable

 

[skvignesh]

ACTIVE

HDFC SB-Max (preferred) - Primary a/c for UPI, credit & investments.

AXIS Liberty (prev Easy savings) - Opened for Flipkart FD CC, now got Secured CC's. simply holding MAB & paying consolidated charges [Want to close it, but bank is nearby & little better FD rates % than HDFC & ICIC so thinking to use it as 2nd acc for UPI txns]

AU SMF Bank - opened for deal of day offers, now most of daily deals became unattractive. so holding for zero mab, Amazon Rupay Bill Payment Offer, frequent AU Bank offers & for CC pre approval currently my area not serviceable. will use this for FD small amounts once they open physical bank in my city. Best value for Money Account...

KOTAK Jifi ZERO MAB Current account - Opened for freelance forex txns in 2016-17, was paying DC charges. [Want to close it, but now holding for DC offers].

BOB Advantage 2k MAB - opened for Amazon Rupay Bill Payment Offer

NSDL Payment Bank - opened for Amazon Rupay Bill Payment Offer

SBI - 1st main account opened for receiving freelance payments now not using, moved to HDFC due to no preapproved CC's & frequent downtimes few yrs ago.. Thinking to get RUPAY plat DC & hold or close it..

CLOSED

South INDIAN bank - My 1st bank account, opened via school campaign and became Dormant.
PAYTM Payments - Not using it, Want to close it.
INDIAN bank - opened for education loan & closed.
Union Bank - Opened for Relative Bank locker purpose & closed.
FI money - Opened for 0 forex & closed.
Jupiter - Opened for 0 forex & closed.
ICICI GOLD (prev INSTA SAVE FD) - Opened for FD credit card but upgraded mistakenly to GOLD PRIVELEIGE & Holding for Rupay Amzn Offer. BORING BANK, Now Closed.

 

[kishorvr]

ACTIVE

HDFC SB-Max (preferred) - Primary a/c for UPI, credit & investments.

AXIS Liberty (prev Easy savings) - Opened for Flipkart FD CC, now got Secured CC's. simply holding MAB & paying consolidated charges [Want to close it, but bank is nearby & little better FD rates % than HDFC & ICIC so thinking to use it as 2nd acc for UPI txns]

AU SMF Bank - opened for deal of day offers, now most of daily deals became unattractive. so holding for zero mab, Amazon Rupay Bill Payment Offer, frequent AU Bank offers & for CC pre approval currently my area not serviceable. will use this for FD small amounts once they open physical bank in my city. Best value for Money Account...

ICICI GOLD (prev INSTA SAVE FD) - Currently HOLDING for Amazon Rupay Bill Payment Offer [Want to close it, opened for FD credit card but upgraded mistakenly to GOLD PRIVELEIGE. BORING BANK]

KOTAK Jifi ZERO MAB Current account - Opened for freelance forex txns in 2016-17, was paying DC charges. [Want to close it, but now holding for DC offers].

BOB Advantage 2k MAB - opened for Amazon Rupay Bill Payment Offer

NSDL Payment Bank - opened for Amazon Rupay Bill Payment Offer

SBI - 1st main account opened for receiving freelance payments now not using, moved to HDFC due to no preapproved CC's & frequent downtimes few yrs ago.. Thinking to get RUPAY plat DC & hold or close it..

CLOSED

South INDIAN bank - My 1st bank account, opened via school campaign and became Dormant.
PAYTM Payments - Not using it, Want to close it.
INDIAN bank - opened for education loan & closed.
Union Bank - Opened for Relative Bank locker purpose & closed.
FI money - Opened for 0 forex & closed.
Jupiter - Opened for 0 forex & closed.

Healthy collection

 

[kishorvr]

over the time i opened multiple bank accounts & closed many.
1. Sbi Savings account: 1st banck acc before joining college, with 500 MAB
A. Closed after few years because of unnecessary charges
2. Kotak 811: Zero Balance Account.
B. Still using mostly for APY deductions nothing else
3. Federal Bank FEDbook selfie account
C. Closed it after few years because of high debit card charges
4. Paytm Payments Bank/Airtel Payments Bank: opened because of wallet
D. Still using mostly for day to day transactions/Rewards 123 Program Very useful
5. PNB: opened in university coz bank people came to us asked us to open for their new branch
F. Still using it mostly for saving money
6. ICICI: MOSTLY to receive money(everything)
7. Fincare Small finance/equitas/indian post bank/idfc/boi/nsdl jiffy/Axis Bank/Karur Vyshya/DBS/INDIAN: not using effetively so closed
9.Hdfc/UCO/SBM/Indian overseas: TRIED TO open but changed my mind.
8. Want to Open IndusInd Bank in near future.
if i missed anything i'll edit

I had also opened SBI with 500 amb. But they are now offering it as zero mab right?

 

[skvignesh]

I had also opened SBI with 500 amb. But they are now offering it as zero mab right?

yes zero mab only, but DC 148rs for visa classic.. I was keeping less than 10rs past 1 year , my relative sent money without asking me, they debited it

 

[AritraSaha]

yes zero mab only, but DC 148rs for visa classic.. I was keeping less than 10rs past 1 year , my relative sent money without asking me, they debited it

Its actually not zero balance, only sbi have waived off the non maintainance charges from 2020.

Why don't you just close the dc?

 

[Trust Me]

Its actually not zero balance, only sbi have waived off the non maintainance charges from 2020.

SBI feature specification for SB accounts now: "Monthly Average Balance: NIL".

-- That's the very definition of a "zero balance account"!
.