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Most trusted bank for a savings account?

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yusuf646

yusuf646

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Which bank do you trust the most for all of your transactions, with good servers, good customer support, and where you can park all your savings without worrying?

My primary account is with Fi Infinite. This account has been very beneficial for me, as I am earning 1K every month from it. However, I am a little resistant to having all my transactions and money there.

Due to many recent cases of Fi accounts being frozen and the recent charges announcement from Federal Bank, I am planning to try another bank. Up to a 50K average monthly balance is okay for me.

Share your best & worst experiences.
 
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varun__goel_ said:
Unless they send account closure notice🤣🤣

Icici directly closes account instead of freeze
Click to expand...
tenor.gif
 
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My suggestion:

For general banking needs, prefer a bank branch which is your closest. Whether you like it or not, you need to go to the branch more often than you expect because of increasing needs.

And, you can still do banking with other banks, thru different channels, from neo banks like NSDL/JIO/AIRTEL/IPPB..... to the oldest SBI and everyone in between.

DO NOT LOOK FOR THE BEST. What is the BEST for me may be the worst for you. LOOK FOR THAT WHICH MEET YOUR NEEDS.

Remember that like an average customer like you looking for the BEST bank, every bank is also looking for only the BEST customer.

Be realistic n be practical.
 
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diptarkaroy said:
I personally prefer IndusInd

It’s a good blend of reliability and facilities
IndusInd is in the list of top 5 pvt banks in India
Their debit cards are good… select/exclusive/grande cards

IDFC is also very good, but limited availability in many places

Won’t recommend Kotak now as you can’t be onboarded with them now
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I have had very poor customer support experience with IndusInd. They just sit upon your complaints and do nothing…I have currently 3 pending Service Requests with them, one being almost 8 months old!!
RM will stop taking calls after a while.
 
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yusuf646 said:
2K Fi Coins on UPI spends every month.
8K Fi Coins on debit card spends every month.
2% cashback up to 500rs, for which i choose Fi Coins instead of cash, which will be around 23K.
So, the total Fi Coins every month is 33K. Which will be equavalent to 1K.
Click to expand...

AllThatStuff said:
BTW, other things aside, can you throw some light on this !!! 😃😛
Click to expand...
Check the above post
 
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yusuf646 said:
2K Fi Coins on UPI spends every month.
8K Fi Coins on debit card spends every month.
2% cashback up to 500rs, for which i choose Fi Coins instead of cash, which will be around 23K.
So, the total Fi Coins every month is 33K. Which will be equavalent to 1K.
Click to expand...
If you're planning to use UPI heavily and want to keep your Passbook clean, you have 2 options for Merchant Payees:
1. Rupay CC on UPI
2. Wallet UPI

For P2P, I would recommend using IMPS. So opt for an account variant in the bank of your choice where IMPS attracts 0 Charges. Moreover, if your Payees are fixed, it would require to enter the details on the 1st unique transaction only, and then you can instantly settle payments just like UPI.

But, don't expect to earn from UPI Payments anymore. You can't expect Laddoos from all sides.

So as suggested by many others above:
1. Opt for the bank whose branch is closest to your residence so that you can conveniently visit it.
2. Opt for banks with lowest downtimes in Netbanking or Mobile Banking.
3. Open accounts which provide good perks like DC Cashbacks, Free IMPS, and other facilities as per your needs.
 
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