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.

 

[mail2jampa]

For sbi, is your customer id for savings account different from current account?

there is no customer id for sbi
only CIF number will be there
if you open C Account on company name then you will get other login credentials and other CIF id
if you open C Account on your name then your savings account and current account have same CIF id AND same internet banking login credentials

 

[mail2jampa]

If you do few trxns, a normal SB account would do. Current Account - though doesn't give any interest to you - allows unlimited (or very many) trxns without any charges.

Choose as per your need.

Does anyone use a CA as a SA ?

I had opened a CA as a favor to my RM in RBL while still operating a SA but since I am not using it the a/c is at -1200 which the BM says he will reverse if I use it normally and put about 50-60k in it.

What do you all think should/can we use a CA a/c as a normal SA. Additionally I am a salaried guy so not into any sort of business.

as per RBI LATEST GUIDELINES, no bank shall cross negative balance for not maitaining MAB
and also if your account is 1 year not in use , the bank has to send intimation of the same, in between 1-2 year the bank must keep the account in freeze or dormat state beacuse of INOPERATIVE ACCOUNT CLAUSE as per RBI GUIDELINES, DURING this state the banks have power to collect single rupee from your account after it is in dormat state.

I told two useful clauses , based on applicability write an official mail conveying the same
if no resolution forward it to level2 nodal office and level 3 principal nodal
if in any case if it crosses 30c alender days, simply lodge complaint in RBI CRM portal, sure it will be solved upto negative balance

i hope ,this will help you.

 

[Trust Me]

Which ones? So that i can stay away from them. Kotak doesnt have it. They have two factor auth for netbanking.

Not point-by-point match (like reset password too frequently), but several other requirements are quite common (or even worse). For example (just off the top of my head):

* HDFC (and some others) don't allow last 3 passwords.

* SBI, Bandhan - 2 factor authentication.

* SBI, IDBI, Bandhan - 2 passwords.

* For me, THE MOST irritating netbanking requirement by far is ICICI's insistence on finding 3 numbers off 3 boxes on the back of the DC for each transaction, -- even for transfer of funds between my own accounts with them! That's the height of stupidity as far as I am concerned. My ICICI account lies unused just for this reason alone.

 

[ashwinkashwink is verified member.]

My canara account is having 1200 negative balance
Did everything to make them waive these charges
But they didnt listen
So leave it as it is

How many accounts do you have?

 

[doraemon]

How many accounts do you have?

Currently 13 .

 

[vijaykumarm]

HDFC Account (Since 2010) - Salary account till date. Just moved my salary to Axis since I didn't get much out of this account other than the millennia debit card for cash back.

ICICI Account (Since 2018) - Mainly for home loan EMI deduction and PPF. Home Loan completed. So, trying to move my PPF to Axis so that I can close this off

Axis Bank Savings Account (Since 2023) upgraded to Priority this month - For home loan EMI and currently my salary account. Since this is a priority account, I get 50% discount on bank locker. Trying to see if I claim the Priority account benefits but the bin of the new debit card is not accepted in many places. Have to wait and watch.

RBL (Since 2024 February) - Opened this to get hold of Signature Plus Debit card. Have been using this card to pay my credit card bills. I have paid a lakh last month and a lakh this month. Waiting to see if I will get that 1% cash back voucher before 20th of this month. If yes, I will continue using. Else, will close this. Trying this so that I can close the HDFC if this cash back works.

Punjab & Sind (Since 2023) - Because my friend works there. So, I couldn't say no when asked to open an account. Minimum balance is 500. So, no big deal.

 

[sparkit]

2013 - SBI savings - first bank account

2017- ICICI SAVINGS - Closed now - Created for my abroad studies

2018 - IDBI Savings

2019 - SBI Current - created for business website payment gateway requirement

2021 - HDFC Current - created for business website payment gateway

2022 HDFC Classic Savings - created for CC

2022 Paytm Payments Bank - don’t know why I created

2023 NIYO SBM - for doing international transactions

2023 NIYO Equitas - created automatically while creating NIYO account.

2023 Jupiter - for jewels

2023 Axis Basics Account - created savings account for the sole purpose of local address proof I am currently residing. Later Migrated to Axis Liberty Account.

2024 Fi Money - rewards

2024 IndusInd Indie - Credit card bill pay gems

2024 - RBL Digital Savings - signature visa

Gonna close few accounts like IDBI, SBI Current, Jupiter, NIYO Equitas

 

[mahendra8340]

HDFC - Salary Account
ICICI - for IFSC Code, ICIC0000001
RBL - For debit card rewards(Monthly 1000/-)
Paytm - For UPI transactions
SBI - For locker

 

[mahendra8340]

HDFC Account (Since 2010) - Salary account till date. Just moved my salary to Axis since I didn't get much out of this account other than the millennia debit card for cash back.

ICICI Account (Since 2018) - Mainly for home loan EMI deduction and PPF. Home Loan completed. So, trying to move my PPF to Axis so that I can close this off

Axis Bank Savings Account (Since 2023) upgraded to Priority this month - For home loan EMI and currently my salary account. Since this is a priority account, I get 50% discount on bank locker. Trying to see if I claim the Priority account benefits but the bin of the new debit card is not accepted in many places. Have to wait and watch.

RBL (Since 2024 February) - Opened this to get hold of Signature Plus Debit card. Have been using this card to pay my credit card bills. I have paid a lakh last month and a lakh this month. Waiting to see if I will get that 1% cash back voucher before 20th of this month. If yes, I will continue using. Else, will close this. Trying this so that I can close the HDFC if this cash back works.

Punjab & Sind (Since 2023) - Because my friend works there. So, I couldn't say no when asked to open an account. Minimum balance is 500. So, no big deal.

For RBL, u will get reward points sms on next 20th of every month.

 

[vijaykumarm]

For RBL, u will get reward points sms on next 20th of every month.

Thanks for confirmation. Waiting for 20th

 

[yb24]

Hdfc recently opened (primary account now) best bank -0 balance savings max account
Sbi (for investment purpose) 0 balance
Idfc (future first) 0 balance
Jio payment bank ( for daily payment)
Axis bank (for getting card) going to close ,worst bank
Pnb ( my oldest account,when obc merged with pnb)
Canara bank (closed)
Bob bank (going to closed)
Kotak bank (salary account but going to close)
Icici ( opened for salary and given cheque to branch but they didn't opened yet 1 week passed)

 

[ashwinkashwink is verified member.]

Kotak bank

Convert into Solo Savings Account (Zero MAB)

Axis bank (for getting card) going to close ,worst bank

Have you got? 😂

0 balance savings max account

Savings Max Zero MAB 😳?

 

[Reaper]

Savings Max Zero MAB 😳?

He must have converted it to salary account due to which its now 0 balance.
I guess all HDFC salary account are 0 balance.

 

[Reaper]

Convert into Solo Savings Account (Zero MAB)

Do we have option for virtual debit card in Solo Savings account?

 

[ashwinkashwink is verified member.]

Do we have option for virtual debit card in Solo Savings account?

Not sure Only 811 allows Virtual DC

 

[yb24]

Convert into Solo Savings Account (Zero MAB)

Have you got? 😂

Savings Max Zero MAB 😳?

Ya I got axis FK card but 15k limit only
Hdfc has a loop hole I think I opened digi youth savings account recently offline with welcome kit of 2022 but my mab was showing zero so I converted to regular account then it again showed me zero now after converting to max savings account.

 

[ashwinkashwink is verified member.]

Ya I got axis FK card but 15k limit only
Hdfc has a loop hole I think I opened digi youth savings account recently offline with welcome kit of 2022 but my mab was showing zero so I converted to regular account then it again showed me zero now after converting to max savings account.

Be aware HDFC May Charge ..

 

[varun__goel_]

Ya I got axis FK card but 15k limit only
Hdfc has a loop hole I think I opened digi youth savings account recently offline with welcome kit of 2022 but my mab was showing zero so I converted to regular account then it again showed me zero now after converting to max savings account.

Is the acc recently opened?

 

[ashwinkashwink is verified member.]

Is the acc recently opened?

Maybe first 6 months no MAB..

 

[Reaper]

Ya I got axis FK card but 15k limit only
Hdfc has a loop hole I think I opened digi youth savings account recently offline with welcome kit of 2022 but my mab was showing zero so I converted to regular account then it again showed me zero now after converting to max savings account.

You must be currently having “regular” banking relationship with HDFC, have a close watch as it might become non-zero balance once it’s upgraded to classic