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.

 

[Fini7777]

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.

You should not ask them they'll definitely refuse to open
Just open ac and link your legend cc to your cust id
And mail indusind bank for 0 MAB confirmation that's it

 

[P OM]

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.

Go for IDFC as it offers best saving bank interest
ATM transaction upto 4 are free on any bank
So it doesn't affect whose ATM.
By the way whon is withdraw cash from ATM now?

 

[P OM]

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.

Go for IDFC as it offers best saving bank interest
ATM transaction upto 4 are free on any bank
So it doesn't affect whose ATM.
By the way whon is withdraw cash from ATM now

 

[vijay.vj]

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.

I opened online... with 50K... linked card and then removed.

Later bank guys called me saying to add funds or receive fine for non maintaince. I asked them to go ahead and charge me fine (as I already have email from them stating its 0 MAB account as long as my legend/pinnacle is active)

 

[shashankrt]

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.

Indusind blindly. Why? Because even though Indusind app and website is a mess, your money is safer with Indusind. IDFC is know to put random account freezes. Plus All IDFC cards except Vistara are now essentially useless, whereas you have option to upgrade to select / exclusive with Indusind.

 

[Fini7777]

Indusind blindly. Why? Because even though Indusind app and website is a mess, your money is safer with Indusind. IDFC is know to put random account freezes. Plus All IDFC cards except Vistara are now essentially useless, whereas you have option to upgrade to select / exclusive with Indusind.

I had this debit freeze issue in IDFC a yr ago without any reason they frozen.my savings acc
Visited IDFC branch near me and their service was worst I had to go till pno to resolve my issue
The next day my acc was unblocked and I closed my acc
I won't say every idfc branch provides same service it vadies with location.

 

[Rahul Gupta]

I had this debit freeze issue in IDFC a yr ago without any reason they frozen.my savings acc
Visited IDFC branch near me and their service was worst I had to go till pno to resolve my issue
The next day my acc was unblocked and I closed my acc
I won't say every idfc branch provides same service it vadies with location.

What did you mention in your income while opening your idfc acccount? Did you put very high amount in your account in a short time period?

 

[Fini7777]

What did you mention in your income while opening your idfc acccount? Did you put very high amount in your account in a short time period?

<10L
No, my MAB was between 50k-1L during that time
I think this might happened bcoz i use to pay my cc bills using that ac in cred

 

[varun__goel_]

I had this debit freeze issue in IDFC a yr ago without any reason they frozen.my savings acc
Visited IDFC branch near me and their service was worst I had to go till pno to resolve my issue
The next day my acc was unblocked and I closed my acc
I won't say every idfc branch provides same service it vadies with location.

Debit freeze can be removed by just calling the customer care in IDFC

Total freeze is the issue which takes very long to get resolved...

 

[Fini7777]

Debit freeze can be removed by just calling the customer care in IDFC

Total freeze is the issue which takes very long to get resolved...

Mistake* it's not debit freeze it's total freeze...

 

[Anindya98]

Blindly go ahead with IDFC if you want peace. App and net banking are good with IDFC.
I'm not too fond of the Indusind App, I also have an Indus Select Account opened Via Online & Legend & Aura Edge CC. But they are not issuing me a cheque book asking me to visit the branch and update my KYC documents & signature. The branch is not near my house and they wouldn't send anyone from the branch.
I have been using the accounts, IDFC(holds 3 accounts 2 joint and 1 single) since last July. So far, I have never faced any issues and if anything occurred call the CC and got the resolution. I have not visited the branch once so far. I am also upgrading my account to First Select and adding my other accounts under family banking. I will update you soon on the process, which is currently under process.
Indusind one since April this year debit card, upi, NEFT & IMPS works fine, no issue.

I also have CC and banking relationships with both.

 

[Sarab]

Blindly go ahead with IDFC if you want peace. App and net banking are good with IDFC.
I'm not too fond of the Indusind App, I also have an Indus Select Account opened Via Online & Legend & Aura Edge CC. But they are not issuing me a cheque book asking me to visit the branch and update my KYC documents & signature. The branch is not near my house and they wouldn't send anyone from the branch.
I have been using the accounts, IDFC(holds 3 accounts 2 joint and 1 single) since last July. So far, I have never faced any issues and if anything occurred call the CC and got the resolution. I have not visited the branch once so far. I am also upgrading my account to First Select and adding my other accounts under family banking. I will update you soon on the process, which is currently under process.
Indusind one since April this year debit card, upi, NEFT & IMPS works fine, no issue.

I also have CC and banking relationships with both.

What is the criteria for idfc select banking?

 

[misteramit]

Go with IDFC any MAB amount variant, u get all services free, zero charges even for Debit cards, no ATM txn limits, free withdrawal any number of times with any bank atm (in India only), robust security mechanism in place (if they suspect something wrong with ur txn pattern even 1rs or less they will instant confirm or freeze account) which u can always call customer care and give clarification to unfreeze (don't worry it will get unblock after confirmation quickly), u also have dispute option for all types of txn done within app, dispute anything in few clicks by self. Most important get peace of mind banking with IDFC no branch concept (any nearby branch will help all over India, no questions asked)

 

[Anindya98]

What is the criteria for idfc select banking?

Initial Funding between (1L to 3L ) depending on the branch. After that only maintain 25K AMB or you can keep around 1L

 

[skip_tyler]

I have a Indusind select account , not zero mab as I don't hold legend credit card
Can I get a legent cc now and make the select account zero mab ?

 

[Kiranonlinee]

Initial Funding between (1L to 3L ) depending on the branch. After that only maintain 25K AMB or you can keep around 1L

I think initial funding is not required coz I have opened the select account with 10k initially.during 1st month amb is not charged, after this period I maintained 25k amb

 

[iampqq]

First of all its indusl*nd

 

[iampqq]

2ndly never go with indusL*und

 

[Kiranonlinee]

Blindly go ahead with IDFC if you want peace. App and net banking are good with IDFC.
I'm not too fond of the Indusind App, I also have an Indus Select Account opened Via Online & Legend & Aura Edge CC. But they are not issuing me a cheque book asking me to visit the branch and update my KYC documents & signature. The branch is not near my house and they wouldn't send anyone from the branch.
I have been using the accounts, IDFC(holds 3 accounts 2 joint and 1 single) since last July. So far, I have never faced any issues and if anything occurred call the CC and got the resolution. I have not visited the branch once so far. I am also upgrading my account to First Select and adding my other accounts under family banking. I will update you soon on the process, which is currently under process.
Indusind one since April this year debit card, upi, NEFT & IMPS works fine, no issue.

I also have CC and banking relationships with both.

Indusind you need to visit branch and submit rekyc form along with signature and I'd proof
Else u will not get checkbook

I too faced same issue I had 3in1 upstox account later got upgrade to exclusive via pinnacle.

 

[Ak Singh]

Indusind you need to visit branch and submit rekyc form along with signature and I'd proof
Else u will not get checkbook

I too faced same issue I had 3in1 upstox account later got upgrade to exclusive via pinnacle.

I also have same issue, on 29th may submitted offline form for rekyc and today rekyc service is showing completed in indus app. But automatically new service request created of signature modification.
So after signature modification request sucessful compl will I able to apply cheque book online or will have to visit branch.