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.

 

[akashsuresh]

Treasures need more right for AMB?

Minimum 5L is required .

 

[helloworld]

Minimum 5L is required .

at the beginning its 5L and have to fill 30L in 6 months like that mentioned in website.

 

[Deviation]

1. Bank of Baroda (Employer made me open this salary account)
2. Bank of India (Employer made me open this before they shfted to Bank of Baroda)
3. SBI (Previous Employer Salary Account)
4. KOTAK 811 (Youtuber influenced)
5. IndusInd Bank (Youtuber influenced)
6. AU Bank (Youtuber influenced)

 

[helloworld]

1. Bank of Baroda (Employer made me open this salary account)
2. Bank of India (Employer made me open this before they shfted to Bank of Baroda)
3. SBI (Previous Employer Salary Account)
4. KOTAK 811 (Youtuber influenced)
5. IndusInd Bank (Youtuber influenced)
6. AU Bank (Youtuber influenced)

what is youtuber influenced?

 

[mail2jampa]

TODAY'S LATEST NEWS

RBI going to limit the number of bank accounts per person ? Yes, probably.

Even penalize those who have more bank accounts ?

We might soon get directives on this....

https://www.financialexpress.com/money/will-rbi-penalize-individuals-for-holding-multiple-bank-accounts-heres-what-govt-says-3691011/?ref=hometop_hp

Every bank account is linked to same PAN ,
Everything is monitered by inciome tax and banking PRE-Trained-simulation Softwares.
So RBI should be answerable the reason why they are doing so.
No of bank account is persons choices and their financial goals. Andd their nature of work.


And URL you pasted. It is fake circulation. Till now RBI havent announced any such directives.

EVen they announced, It cant be stay before COURT of Law. Which is clearly unconstitutional. Basic it is clearly violating basic rights.

 

[raghu.rokda]

ANYTHING in EXCESS is POISON.

Then i hold too much POISON in my THROAT

 

[6ix9ine]

what is youtuber influenced?

I guess he probably meant to say "opened account after watching youtube vids of some finfluencers"

 

[helloworld]

I guess he probably meant to say "opened account after watching youtube vids of some finfluencers"

looking for features told by those influences in these particular bank accounts.

If those are still valid, can probably mentioned as "using for that feature.." but instead if someone mention still as "influenced" means either those features are no longer available or not needed for that particular person or betrayed.

 

[akashsuresh]

at the beginning its 5L and have to fill 30L in 6 months like that mentioned in website.

Emerging affluent treasures account , you have to maintain anything above 5 Lakhs. it is mentioned here as well.

DBS Savings Account: Fees And Charges | DBS Treasures

www.dbs.com

 

[helloworld]

Emerging affluent treasures account , you have to maintain anything above 5 Lakhs. it is mentioned here as well.

DBS Savings Account: Fees And Charges | DBS Treasures

www.dbs.com

looks like new addition. Thanks!

 

[Subhajeet]

this thread is very long can anybody do a favour by summarising it in a nutshell the bank and its uses please

 

[6ix9ine]

this thread is very long can anybody do a favour by summarising it in a nutshell the bank and its uses please

This is just for showcasing your collection. What XYZ person has done should not make you feel FOMO.

Generally, having 2-3 accounts and using them for specific purposes serves you well.

In a nutshell, it's just for segregation, that's it.

 

[WinSuperb7251]

1. Kotak 811 - using as a main bank account
2. Unity small finance bank - for high yield savings account
3. Jupiter - i used it many accounts
4. Pnb - for cash
5. Federal Bank indmoney - for trading in indmoney us stock
6. Indie by indusind bank - for megastar benefits
7. Airtel payments bank - opened for 50 rupees bonus, will close it
8. Jio payments bank - I don't know
9. Bank of baroda bank - for the free platinum debit card
10. Idbi bank account - free debit card
11. Sbi bank account - biggest bank of India and for the debit card offers
Account with use but don't Want to close
12. Fincare small finance bank - for the au small finance bank

 

[TheTrickySid]

7. Yes bank - for curie money

From where did you come to know about this?

 

[TheTrickySid]

7. Yes bank - for curie money

Can you please share all the details regarding this as all the details aren't mentioned on their website.

Like the charges and schedule of benefits.

You also create a thread on the same but that's deleted by the mods I guess.

 

[praful47]

10. Idbi bank account - free debit card

Can you elaborate ?

 

[helloworld]

When people mentions "not sure why I'm holding this / didn't remember", is it really that short story to forget opening a bank account or fancy to say that? also, whats stopping to close that?

.. Just curious things..

 

[techprince]

this thread is very long can anybody do a favour by summarising it in a nutshell the bank and its uses please

This is a showcase thread and not an informative thread to put tldr summary. 2-3 bank accounts are enough for most people as there are 3 basic functions, income, savings/investments, expenses. You can merge 2 of these functions into one account if you want.

Choosing depends upon what you want out of it. A working banking app and net banking, pre-approved offers, unlimited ATM transactions, zero balance, debit card benefits, credit card eligibility, customer service, cash pickup and delivery, high interest fd/rd, low interest loans, lockers etc.

 

[helloworld]

this thread is very long can anybody do a favour by summarising it in a nutshell the bank and its uses please

Post in thread 'How many bank accounts do you have and for what purposes?'

Dec 1, 2023

I personally don’t know, how many is too much, so I’m asking you guys, same goes for CC’s also, please share your opinion(s)

my opinion and ideally for monthly income people (infact applicable for all, some says they need more so adjust as per your need):

1 - Salary account (Temporary)

- We don't know when we'll change Job or which bank that company has tie-up, so consider this account as temporary and keep the lowest attachment.
- It usually comes with good benefits like 0 balance account, better interest rates, and sometimes better credit cards
- but still...

• helloworld

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