IDFC First Bank Launched its Debit Card Reward System

[msankadi]

What’s the harm in paying NPS via debit card?

No harm. Everything is not related to tax or worries, unless you have very less or no returns at all. If you earn in lakhs then you are 100% in your rights to deposit few lakhs in NPS

Other issue might be if you have systematically abused it by using your debit card to pay for many other NPS accounts (to get 2.5% returns and maybe pass on these people 1% discount)

 

[msankadi]

Thinking of closing my wealth savings ac. Anyone can share how to do it online?

 

[RajS]

Thinking of closing my wealth savings ac. Anyone can share how to do it online?

I tried calling idfc cs for closing the select account. Unfortunately they couldnt send sms for closure consent.. They asked me to visit nearest branch.

 

[saber.mbt]

Thinking of closing my wealth savings ac. Anyone can share how to do it online?

IDFC online Account Closure Procedure:

Kindly download account closure form online and fill it. Fill in all required fields, including your name, account number, reason for closure and your signature.

Attach Required Documents:

Identity proof (Aadhaar, PAN, etc.)

Passbook (if issued)

latest account statement

Emailing the digitally signed form to customer care or uploading via the online banking portal. After processing, you’ll receive confirmation of closure and transfer of any remaining balance within 3–7 working days.

Same Form can be submitted offline via branch too.