Is there any Zero MAB Savings account with NO DEBIT CARD charges? I heard about Kotak 811.

[hellobois]

Is there any Zero MAB Savings account with NO DEBIT CARD charges? I heard about Kotak 811. Please share any bank which offers zero MAB and does not have debit card compulsion.

 

[zaid_2913]

Bank of Baroda

Is there any Zero MAB Savings account with NO DEBIT CARD charges? I heard about Kotak 811. Please share any bank which offers zero MAB and does not have debit card compulsion.

 

[Lakshya Mahani]

If you can do high initial funding then go with ICICI Wealth management account.

 

[Chaitanya-a]

NSDL Advantage savings account. There you'll get digital Rupay Platinum card without any charges.
However if you order Physical card, then ₹300 per year is charged.

 

[hellobois]

NSDL Advantage savings account. There you'll get digital Rupay Platinum card without any charges.
However if you order Physical card, then ₹300 per year is charged.

Any benefit like cashback for this digital account/debit card?

 

[Phonix_YT]

Any benefit like cashback for this digital account/debit card?

yes, you can use it to get 100₹ cashback from amazon every month.

 

[Chaitanya-a]

Any benefit like cashback for this digital account/debit card?

Rupay Platinum debit card Friday Amazon Pay benefit.

 

[arn]

what about Paytm Bank .
that is also 0 MAB, with virtual debit card.

 

[Chaitanya-a]

what about Paytm Bank .
that is also 0 MAB, with virtual debit card.

That's not savings account. That is payment bank account.

 

[Wealth is my birth right!]

Rupay Platinum debit card Friday Amazon Pay benefit.

yes, you can use it to get 100₹ cashback from amazon every month.

Will it be extended for 2024 too I mean from April

 

[Chaitanya-a]

Will it be extended for 2024 too I mean from April

That only @Abhishek012 can tell us

 

[Wealth is my birth right!]

That only @Abhishek012 can tell us

Maybe he’s speaking to rupay ceo now in Twitter

 

[arn]

That's not savings account. That is payment bank account.

Isnt Paytm Bank already got scheduled bank status by RBI ?
what else is needed to declare it a proper bank ??

 

[Chaitanya-a]

Isnt Paytm Bank already got scheduled bank status by RBI ?
what else is needed to declare it a proper bank ??

There are many irregularities found in this bank. That's why govt has suspended new onboarding to PPB.
Payment banks and neo banks can't be compared with proper traditional banks.

 

[Wealth is my birth right!]

Isnt Paytm Bank already got scheduled bank status by RBI ?
what else is needed to declare it a proper bank ??

No rbi ban them for new onboarding

 

[federer.reddevil]

Jupiter NeoBank is there it offers 0MAB account but Debit Card is chargeable

 

[arn]

There are many irregularities found in this bank. That's why govt has suspended new onboarding to PPB.
Payment banks and neo banks can't be compared with proper traditional banks.

thanks.

I was ignorant for some fact.
I read Paytm is a scheduled bank, and 'thought' its scheduled as a private bank. but just read the list, it is scheduled as a Payment bank

 

[Chaitanya-a]

thanks.

I was ignorant for some fact.
I read Paytm is a scheduled bank, and 'thought' its scheduled as a private bank. but just read the list, it is scheduled as a Payment bank

View attachment 12303

Yeah there is no meaning in Keeping funds in these accounts. We won't get any benefits.

 

[federer.reddevil]

Yeah there is no meaning in Keeping funds in these accounts. We won't get any benefits.

What is the difference between scheduled bank and payments bank?

 

[arn]

What is the difference between scheduled bank and payments bank?

I think this should be discussed in a proper dedicated thread separately ?