INDUSIND VS IDFC FIRST BANK- SAFETY BEYOND 5 LAKHS

[KGSIPO]

I want to park a good amoount of capital as deposits either in Indusind bank or IDFC First bank. Both are paying similar interest rates. Which bank is safer for the amount beyond 5 lakhs. The share price of Indusind bank is Rs.1548 and the share price of IDFC First bank is only Rs.83. Does it mean Indusind bank is safer than IDFC First bank. Based on your inputs, I will open a savings acount with them. Please do not advice to split the amount as I want to put the deposit in a single bank for some exclusive reasons.

 

[SSV]

If it is me in your situation to choose between IndusInd and IDFC for the stated purpose:
I would choose…
IndusInd…

Reasons being: ( a few to consider, not all )

IndusInd Vs IDFC
Age : 30 Vs 8
Major shareholders : IndusInd has better participants than IDFC (eg. LIC holds 10%, Hiduja owns 26%)
Capital Adequacy ration: 15 Vs 13
Net Income: 7.5k cr Vs 2.5K Cr
Total assets: 4.5L Cr Vs 2.4L Cr
Total Equity : 55T Cr vs 6.6T Cr..

 

[Vasuki]

Reasons being: ( a few to consider, not all )

IndusInd Vs IDFC
Age : 30 Vs 8
Major shareholders : IndusInd has better participants than IDFC (eg. LIC holds 10%, Hiduja owns 26%)
Capital Adequacy ration: 15 Vs 13
Net Income: 7.5k cr Vs 2.5K Cr
Total assets: 4.5L Cr Vs 2.4L Cr
Total Equity : 55T Cr vs 6.6T Cr..

Ssv researched & came with facts 🫂

 

[KGSIPO]

See many suggestions pour up to you and you get confused.

As @SSV mentioned simple answer to your question is IndusInd. Once you've decided with IndusInd negotiate with them better benefits like locker facility and some other banking relationship benefits which will fetch you some good lifestyle based IndusInd credit cards.

I do not want any LTF premium cards as i don't need for my lifestyle. I am happy with the HDFC Money back credit card. The only worry for me is the capital safety rather than the facilities offered to me which i am not using much.

 

[KGSIPO]

Reasons being: ( a few to consider, not all )

IndusInd Vs IDFC
Age : 30 Vs 8
Major shareholders : IndusInd has better participants than IDFC (eg. LIC holds 10%, Hiduja owns 26%)
Capital Adequacy ration: 15 Vs 13
Net Income: 7.5k cr Vs 2.5K Cr
Total assets: 4.5L Cr Vs 2.4L Cr
Total Equity : 55T Cr vs 6.6T Cr..

Definitely Indusind leads? what is their NPAs?

 

[varun__goel_]

I do not want any LTF premium cards as i don't need for my lifestyle. I am happy with the HDFC Money back credit card. The only worry for me is the capital safety rather than the facilities offered to me which i am not using much.

If you want better interest rates, just close your eyes and go with IndusInd.

 

[SSV]

Definitely Indusind leads? what is their NPAs?

Please google, it’s easy

 

[Copycat]

I have no idea about the financial stability of either. I guess both are relatively stable. From a usability and reliability viewpoint:
It is very easy to invest in IPOs using IDFC. I do it all the time. Sadly, I haven't got a single allotment after LIC
IDFC Net Banking platform seems more stable than IndusInd (which often logs me out, no idea why). On the negative side, I am not at all impressed by the IDFC programmers (based on a problem I had)

 

[KGSIPO]

Please google, it’s easy

Thanks. Apart from numbers, how about the experience of members in both banks

 

[SSV]

Thanks. Apart from numbers, how about the experience of members in both banks

It varies depending upon the individuals involved

 

[KGSIPO]

I have no idea about the financial stability of either. I guess both are relatively stable. From a usability and reliability viewpoint:
It is very easy to invest in IPOs using IDFC. I do it all the time. Sadly, I haven't got a single allotment after LIC
IDFC Net Banking platform seems more stable than IndusInd (which often logs me out, no idea why). On the negative side I am not at all impressed by the IDFC programmers (based on a problem I had)

Do you use the saving account money to apply in IPO or using FDs to apply in IPO

 

[Rdspam]

Wo whi bta rha h jo 99.99% log indusind se expect krte h
Zero balance hni account
With good returns on fd

Bhai gyaan jo usne baata vo toh mast hai par vo question se zyada relevant nai tha 🤣

 

[Vasuki]

Bhai gyaan jo usne baata vo toh mast hai par vo question se zyada relevant nai tha 🤣

 

[Copycat]

Do you use the saving account money to apply in IPO or using FDs to apply in IPO

Savings Account money

 

[vaibhav111]

I want to park a good amoount of capital as deposits either in Indusind bank or IDFC First bank. Both are paying similar interest rates. Which bank is safer for the amount beyond 5 lakhs. The share price of Indusind bank is Rs.1548 and the share price of IDFC First bank is only Rs.83. Does it mean Indusind bank is safer than IDFC First bank. Based on your inputs, I will open a savings acount with them. Please do not advice to split the amount as I want to put the deposit in a single bank for some exclusive reasons.

If your read the comment, the confusion on stock price and safety isn't linked It the company profitably which is the key and both are safe. I have idfc wealth account and I found it app and service easier. Never visited idfc branch even though it seem it near but never Try to find where is it plus it offer all the service I needed. So I would say go for idfc and yes I have parked more than amount you have asked and been maintaining it for a good amount of month and interest on 5 lakhs come to 1636 vs 10 lakhs saving to 4500 to 4700 so that 5.38% isn't accurate and plus I have multiple fd with idfc wealth too. Someone had a few issue regarding freeze on his idfc account so I don't use this account for upi. Just for stock amount need to debit so funding the account in a year or so.

 

[Nishan11]

He just wants to park money. A very large sum too. You gave detailed steps on getting a high variant acc for 0 AMB which I don’t think is what he is after at all. You didn’t answer any of his actual questions bhaiya

Thik hai jaisa aap kahein. Aap Kah rahe hain to sahi hi hoga. Meri hi bhool thi shayad bhrata

 

[plastikman]

I do not want any LTF premium cards as i don't need for my lifestyle. I am happy with the HDFC Money back credit card. The only worry for me is the capital safety rather than the facilities offered to me which i am not using much.

They both have same CRISIL stability ratings. The only way to be safe is -

"Not to put all eggs in one basket".

Deal with multitude of them to reduce risk.

Post in thread 'INDUSIND VS IDFC FIRST BANK- SAFETY BEYOND 5 LAKHS' https://www.technofino.in/community...-bank-safety-beyond-5-lakhs.25466/post-606550

 

[amitkumar759875]

Don't go with both, you will face n number of issues.

 

[KGSIPO]

Don't go with both, you will face n number of issues.

I have other options of yes bank, RBL, KOTAK, AU which has flexi FD

 

[ritwik2000]

If safety is the only criteria, then post office is the safest.

Atlast someone said it. I always tell my grandma to park her funds in new age SFB banks and that upto 5 lakhs is insured. But her altime fav is India Post.