IDFC vs IndusInd for savings account

[sujayghosh]

Hello everyone,
I am evaluating between IDFC and IndusInd for another savings account. Both banks are at equal distance from my home. I have credit card relationship with both banks. Personally have found IDFC app to be the better one and customer care slightly more responsive. But there is a nearby IndusInd ATM which works very well. So, I am a bit confused between the two. Can you please share your experiences.

P.S. Not looking for Zero balance accounts. Okay with keeping 25k as MAB.

 

[sujayghosh]

A small suggestions from my side : Don't open these accounts online Go to branch and open these accounts with physical kyc
"Bcoz most of the online opened accs are getting frozen when u do high value transactions or more UPI trans or sometimes without any reason they freeze the accounts so, don't open these accs online".

Many thanks. I have plan to have my wife as second account holder. So, was planning to first open account online and then add her offline. But after your warning do it offline together.

 

[John Since]

Hello everyone,
I am evaluating between IDFC and IndusInd for another savings account. Both banks are at equal distance from my home. I have credit card relationship with both banks. Personally have found IDFC app to be the better one and customer care slightly more responsive. But there is a nearby IndusInd ATM which works very well. So, I am a bit confused between the two. Can you please share your experiences.

P.S. Not looking for Zero balance accounts. Okay with keeping 25k as MAB.

If you are looking to maintain 25K MAB, then HDFC Savings Max account is the best as you get more benefits.

 

[Fini7777]

What should be minimum limit for legend credit card for select account?

If we have another zero balance account in indus, will they upgrade it to select or will they open new account?

there's no such condition on limit of the card

they can upgrade ur zero MAB acc to select based on your request
Go to indusind branch and fill the upgrade form and they will do it in 3-7 working days

 

[sujayghosh]

If you are looking to maintain 25K MAB, then HDFC Savings Max account is the best as you get more benefits.

I am in fact considering that as my secondary account, replacing Canara Bank account. This one will be the 3rd or 4th account.

 

[Fini7777]

I am in fact considering that as my secondary account, replacing Canara Bank account. This one will be the 3rd or 4th account.

IMPS- chargeable in hdfc savings Max unlike IDFC, indusind
USP of this acc is u get platinum DC for free and 1% Cashback on all cc bill payments using HDFC BILLPAY

 

[Ak Singh]

there's no such condition on limit of the card

they can upgrade ur zero MAB acc to select based on your request
Go to indusind branch and fill the upgrade form and they will do it in 3-7 working days

They are rejected my credit card application. And also not getting pre-approved offers from indus. Indus is very bad for providing pre approved credit card.

 

[John Since]

I am in fact considering that as my secondary account, replacing Canara Bank account. This one will be the 3rd or 4th account.

Then I suggest going for Indusind if you have branch near to your home as Indusind gives higher interests and also higher limits with no charges unlike IDFC.

 

[Fini7777]

They are rejected my credit card application. And also not getting pre-approved offers from indus. Indus is very bad for providing pre approved credit card.

How old is your acc?
I do have the indus zero MAB ac since 2021 I applied for legend cc in 2022 but Rejected
after few months they called me and offered the same with 88k limit currently using the legend cc for 1 year but no LE or upgrades

 

[Ak Singh]

How old is your acc?
I do have the indus zero MAB ac since 2021 I applied for legend cc in 2022 but Rejected
after few months they called me and offered the same with 88k limit currently using the legend cc for 1 year but no LE or upgrades

3 month old indus delight.
10 days old INDIE.

 

[Vasuki]

Intersting! Do they give cashback for any CC payments? And do I have to make CC payments using their app only?
Thanks.

Lol. No

+ Plus of indusind is without adding beneficiary u can sent upto 50k instant via imps or neft

 

[Fini7777]

3 month old indus delight.
10 days old INDIE.

wait for few more months
Alternatively apply through an agent by c2c method if u have any other cc with atleast 6 digit limit

 

[Pissant]

Lol. No

+ Plus of indusind is without adding beneficiary u can sent upto 50k instant via imps or neft

Nice this is actually great information. Now It will be easier for me to buy crypto p2p

 

[sujayghosh]

IMPS- chargeable in hdfc savings Max unlike IDFC, indusind
USP of this acc is u get platinum DC for free and 1% Cashback on all cc bill payments using HDFC BILLPAY

I am actually planning to get my freelance income into the secondary account. Primary account is ICICI which is for all other main purposes and has become too cluttered. Don't think I can trust big inflows into IDFC / IndusInd.

 

[Ak Singh]

wait for few more months
Alternatively apply through an agent by c2c method if u have any other cc with atleast 6 digit limit

I applied through agent only, his is tf member he said I will apply c2c but don't know his didn't ask my card statement only ask details and applied and I got OTP and I provided him OTP then after few minutes got message from indus sorry we can't provide credit card as of now?
I doubt it was not c2c process. Don't know.

 

[Pissant]

I applied through agent only, his is tf member it said I will apply c2c but don't know his didn't ask my card statement only ask details and applied and I got OTP and I provided him OTP then after few minutes got message from indus sorry we can't provide credit card as if now?
I doubt it was not c2c process. Don't know.

Same here .

 

[Vasuki]

I am actually planning to get my freelance income into the secondary account. Primary account is ICICI which is for all other main purposes and has become too cluttered. Don't think I can trust big inflows into IDFC / IndusInd.

For that get axis Liberty account
U need to either maintain 25k or spend 25k

Axis gets all hate but that's a good account

 

[Rahul Gupta]

Lol. No

+ Plus of indusind is without adding beneficiary u can sent upto 50k instant via imps or neft

In axis you can send 50k immediately after adding a beneficiery.

I need to find other banks who does this.

 

[sujayghosh]

For that get axis Liberty account
U need to either maintain 25k or spend 25k

Axis gets all hate but that's a good account

Intersting. I will look into it. But our local Axis branch is very incompetent. Wife has account and she has faced multiple issues. Maybe I will look for another branch.

 

[Rahul Gupta]

I am actually planning to get my freelance income into the secondary account. Primary account is ICICI which is for all other main purposes and has become too cluttered. Don't think I can trust big inflows into IDFC / IndusInd.

Go with hdfc if you have trust issues.

 

[Sarab]

Then go for an IndusInd Select account. Since you have Legend they will give you select account for 0 MAB and the DC that comes with that account gives 0.93% cashback on cc payments

I hold a legend cc. Last month i visited branch and asked them that I hold this card so can I get select acc with 0 mab? They refused that there is no such thing and I have to maintain 50k.