Need help with a new Bank Account for Mom

[airbubble]

Hi guys, I need some suggestions regarding a new Savings Account for my mom (49 Y). She receives a monthly pension of around 35k and currently has Uco Bank as the main account but I don't like anything there. I have an Imperia relationship with HDFC but not really sure if she will get any benefit out of it. We will park around 2-3L cash in the account for emergency and invest the rest in FD / mutual funds. Pls do let me know as I hate Uco Bank and their systems. But I am afraid of the calls Private Banks make for Loans and Credit Cards etc. Although she's pretty smart in those cases, I have some concerns in that area.

 

[VasukiVasuki is verified member.]

Hi guys, I need some suggestions regarding a new Savings Account for my mom (49 Y). She receives a monthly pension of around 35k and currently has Uco Bank as the main account but I don't like anything there. I have an Imperia relationship with HDFC but not really sure if she will get any benefit out of it. We will park around 2-3L cash in the account for emergency and invest the rest in FD / mutual funds. Pls do let me know as I hate Uco Bank and their systems. But I am afraid of the calls Private Banks make for Loans and Credit Cards etc. Although she's pretty smart in those cases, I have some concerns in that area.

IndusInd ( if u get good rm ) giving 7.99 % on fd rn ( 30 year offer )
Idfc ( good app)


Go for indusind

I never received call from indusind ( select account)
Only contact I have is rm ( who opened my account

 

[airbubble]

IndusInd ( if u get good rm ) giving 7.99 % on fd rn ( 30 year offer )
Idfc ( good app)


Go for indusind

I never received call from indusind ( select account)
Only contact I have is rm ( who opened my account

What is the interest in a normal savings account in both of these banks?

 

[VasukiVasuki is verified member.]

What is the interest in a normal savings account in both of these banks?

Saving account rates are good over 5 lakh

Better keep in fd & break.it when u like ( sweep in fd )

1-2 lakh if u keep have to look into small finance bank then

 

[Fini7777]

Hi guys, I need some suggestions regarding a new Savings Account for my mom (49 Y). She receives a monthly pension of around 35k and currently has Uco Bank as the main account but I don't like anything there. I have an Imperia relationship with HDFC but not really sure if she will get any benefit out of it. We will park around 2-3L cash in the account for emergency and invest the rest in FD / mutual funds. Pls do let me know as I hate Uco Bank and their systems. But I am afraid of the calls Private Banks make for Loans and Credit Cards etc. Although she's pretty smart in those cases, I have some concerns in that area.

Indusind Select/Multiplier Max - Interest rates are High , Mobile/Net banking is OK, U may not receive frequent calls- 50K/10K MAB
ICICI Women advantage privilege Account - Perfect for you - but Not sure if they are still accepting new applications for this account- 50K MAB
IDFC Select Account - Interest rates are High, Mobile/Net banking is good 25-50K MAB enough

 

[Fini7777]

What is the interest in a normal savings account in both of these banks?

No bank provides you int>4% below 1L in savings acc even SFB Nowadays
if you maintain >1L still they give you 4% upto 1L, 5% from 1-5L similarly as amount inc they inc int according to their slab

 

[popkorn]

better deal with nearby banks , otherwise contact equitas bank for prompt service

 

[Anupama_Jha]

better deal with nearby banks , otherwise contact equitas bank for prompt service

Equitas bank ? What made you say this. Pls explain

 

[Raavan]

No bank provides you int>4% below 1L in savings acc even SFB Nowadays

Ever heard of Unity Small Finance Bank?

 

[doraemon]

Ever heard of Unity Small Finance Bank?

Kyu pmc ke bacche ko chipka rahe Bhai

 

[Raavan]

Kyu pmc ke bacche ko chipka rahe Bhai

Kaay ki hai toh scheduled commercial bank hi
Paisa 5L tak to safe rahega hi
6% mil jayega below 1L

PMC was a cooperative Bank this is a scheduled bank..

 

[quino]

Equitas bank ? What made you say this. Pls explain

check this: https://www.technofino.in/community/threads/savings-account-advise-for-5l-mab.25966/post-623604

 

[doraemon]

Kaay ki hai toh scheduled commercial bank hi
Paisa 5L tak to safe rahega hi
6% mil jayega below 1L

PMC was a cooperative Bank this is a scheduled bank..

Aapko private mai kuch kuch boley hai aaiye dekhiye

 

[popkorn]

Equitas bank ? What made you say this. Pls explain

equitas is nearby my house for personal banking & DCB is nearly five KM away & by sentimently worth