Salary Account as Primary Account

[aniketkr.sharma]

Hi Team,

Currently i am using sbi zero balance savings account that I opened in my student time for all transactions.

I want a suggestion from you all about doing all online transaction with my hdfc salary account.

Inward from parents/friends Account maybe more than 1 lakhs per month
Outwards for bill payments etc maybe more than 2 lakhs per month

Recieving salary in another account as my company doesn't have tieups with hdfc.

 

[akshayhs]

HDFC can ask for bank statement or salary slip if the application goes to manual verification. Just be aware of this and if the application gets declined, then you go under a 6 month cooldown.

Edit: Please ignore this comment as I have added it in the wrong post.

 

[fradela]

Salary account go with company tie up banks.

Don't make Salary account as Primary account.

Both SBI and HDFC are not good for Primary Accounts. Close both accounts.

Go with IDFC First or ICICI for Primary accounts.

 

[aniketkr.sharma]

Salary account go with company tie up banks.

Don't make Salary account as Primary account.

Both SBI and HDFC are not good for Primary Accounts. Close both accounts.

Go with IDFC First or ICICI for Primary accounts.

I have icici, hdfc and kotak as salary accounts though i recieve salary on kotak, and icici & hdfc are converted to salary account more than 2 years ago after that I see no downgrade till now.

 

[aniketkr.sharma]

HDFC can ask for bank statement or salary slip if the application goes to manual verification. Just be aware of this and if the application gets declined, then you go under a 6 month cooldown.

I didn't get you, I already have hdfc salary account.

 

[Vasuki]

Salary account go with company tie up banks.

Don't make Salary account as Primary account.

Both SBI and HDFC are not good for Primary Accounts. Close both accounts.

Go with IDFC First or ICICI for Primary accounts.

Idfc 🤣🤣 kha milta h yeh nasha

 

[RAMESH BABU N]

My personal choice would be :

Salary account (fixed) - use it for salary credits and 1 or 2 transfer-outs to another all-trxns account (which can vary as per the needs/offers/benefits). This way, the salary account would reflect only salary related credits. Easy n small statement - useful for submitting to various agencies n banks, including ITD/CCs.... Do not enable UPI on this. Do not use 3rd party Apps. Use only bank internet banking or mobile App. Avoid exposing it to all n sundry. You can open FDs linked to this. Never use outsider Apps.

Do all UPI/Other trxns thru another account - even by using 3rd party apps. Transfer in only limited amounts. Avoid FDs linked to this.

 

[HumorSimpson]

Go with IDFC First or ICICI for Primary accounts.

IDFC is so notorious for freezing accounts. ICICI is jusk ok. Also SBI has good inward remittance rates. If the user has Nasdaq listed stock to sell , this is the best.

 

[aniketkr.sharma]

IDFC is so notorious for freezing accounts. ICICI is jusk ok. Also SBI has good inward remittance rates. If the user has Nasdaq listed stock to sell , this is the best.

I have sbi, axis, idfc and indusind as savings account

 

[HumorSimpson]

I have sbi, axis, idfc and indusind as savings account

We are nothing in front of the Saving account ka Badshah @NShah

 

[fradela]

My personal choice would be :

Salary account (fixed) - use it for salary credits and 1 or 2 transfer-outs to another all-trxns account (which can vary as per the needs/offers/benefits). This way, the salary account would reflect only salary related credits. Easy n small statement - useful for submitting to various agencies n banks, including ITD/CCs.... Do not enable UPI on this. Do not use 3rd party Apps. Use only bank internet banking or mobile App. Avoid exposing it to all n sundry. You can open FDs linked to this. Never use outsider Apps.

Do all UPI/Other trxns thru another account - even by using 3rd party apps. Transfer in only limited amounts. Avoid FDs linked to this.

I follow this approach only.
This year only I changed 4 salary accounts.
I use salary account only for salary credits. Once I received the salary, I transfer all my money into my primary bank right away.
I maintain 0 balance.
Only Net Banking and App. No UPI.
Only my employer knows my salary account details.
No FD as well.
No dependency. I can close the account anytime.

 

[fradela]

Idfc 🤣🤣 kha milta h yeh nasha

I use IDFC First last 5 years. For me it is good.
I used most of the banks savings account.
When compare to other banks, IDFC First has simple, very good UI, easy to use Mobile App and NetBanking.

 

[Vasuki]

I use IDFC First last 5 years. For me it is good.
I used most of the banks savings account.
When compare to other banks, IDFC First has simple, very good UI, easy to use Mobile App and NetBanking.

Salary account mostly means
Zero balance account
And that's it ..here most newbie people likes to get credit card and in idfc
There is no relationship between cc and Savings account

So what's the benefits of having salary account in idfc 🤨 for a complete beginner

 

[fradela]

Salary account mostly means
Zero balance account
And that's it ..here most newbie people likes to get credit card and in idfc
There is no relationship between cc and Savings account

So what's the benefits of having salary account in idfc 🤨 for a complete beginner

I don't recommend IDFC for salary accounts.

I recommend IDFC only for Primary Savings Bank Account.

 

[fradela]

Salary account mostly means
Zero balance account
And that's it ..here most newbie people likes to get credit card and in idfc
There is no relationship between cc and Savings account

So what's the benefits of having salary account in idfc 🤨 for a complete beginner

I mentioned in my previous post, I changed 4 salary account this year only. IDFC was not my salary account.

 

[Vasuki]

I don't recommend IDFC for salary accounts.

I recommend IDFC only for Primary Savings Bank Account.

Noo not even for primary account
They freeze for UPI usage now they are okiesh

You can say it's good ui with decent features like monthly intrest etc . Which is good as investment/ saving purpose
Where u do less transaction.


In 1 year I hardly did 10-15 UPI on my 2 accounts of idfc

 

[fradela]

Noo not even for primary account
They freeze for UPI usage now they are okiesh

You can say it's good ui with decent features like monthly intrest etc . Which is good as investment/ saving purpose
Where u do less transaction.


In 1 year I hardly did 10-15 UPI on my 2 accounts of idfc

I don't use IDFC First for UPI.

For UPI, I use only ICICI and RuPay Credit Cards.

Predominantly I use IDFC for all my Credit Card Payment and Investments.

I use both ICICI and IDFC as my Primary bank accounts.

ICICI was my salary account. They are not downgraded my account.

When compared to other banks, these two are good for primary bank accounts.

 

[Vasuki]

I don't use IDFC First for UPI.

For UPI, I use only ICICI and RuPay Credit Cards.

Predominantly I use IDFC for all my Credit Card Payment and Investments.

I use both ICICI and IDFC as my Primary bank accounts.

ICICI was my salary account. They are not downgraded my account.

When compared to other banks, these two are good for primary bank accounts.

Icici is definitely good so is hdfc

 

[fradela]

Icici is definitely good so is hdfc

ICICI is so good. Their Netbanking and Mobile App so good. Integration with Govt schemes also good. [PPF, SSY]

HDFC is very worst. Not even consider for salary and savings account.
IMPS is not free even salary account. Free only for salary more than 1.5 lakh.
Alerts also chargeable for salary account.
Their Net banking and Mobile app very pathetic.
Integration with Govt Schemes [PPF, SSY] very very worst.

 

[aniketkr.sharma]

ICICI is so good. Their Netbanking and Mobile App so good. Integration with Govt schemes also good. [PPF, SSY]

HDFC is very worst. Not even consider for salary and savings account.
IMPS is not free even salary account. Free only for salary more than 1.5 lakh.
Alerts also chargeable for salary account.
Their Net banking and Mobile app very pathetic.
Integration with Govt Schemes [PPF, SSY] very very worst.

They already upgraded my account to classic zero balance salary premium account, and I am not getting charged for anything