Salary account for take home slightly less than 2L Per Month

[kjs]

Hello TF Family , I am looking to change my existing ICICI Salary account to either of the below account . My company has tie-ups with the below banks..

AXIS
CITI
HDFC
HSBC
ICICI
IDBI
IDFC
KOTAK
SBI
STANDARD CHARTERD

Want to avoid Foreign banks as branches are limited .

Prob with ICICI

1) Don't like the branch service. Privilege banking is of no use. You have to anyways wait for your query to get resolved.
2) They are not aware of the salary account benefits like adding family members , account salary range wise(not mentioned in website also) , add on debit card .For every such query need to show them actual proof on website.. Some times I feel I know more than them related to accounts at least.
3) No great credit and debit card offering.

The only good part is its Mobile App experience.

I had account with HDFC which was salary account from 2014-2020 , still using as 0 balance account with LTF Easyshop Visa Platinum Debit card and I am never charged.
Should I go again with HDFC ?

Have used Axis priority before and was able to easily open spouse account with 2L initial funding. But had to close as I had to open ICICI for home loan EMI deduction , and the RM of axis was a RM cum Sales person.


Let me know thoughts , suggestions ? Looking for good over all exp

 

[kjs]

They will let you know whether your company ig eligible for Burgundy on 2L salary credit or not.

What is the employee strength of the organisation that you are working ?

 

[mojo_jojo123]

Not an issue ,I believe if axis if offering burgundy on 2L salary credit you can opt it and open salary account with Axis.

but you wont get Magnus Burgundy CC I think

 

[itsds]

but you wont get Magnus Burgundy CC I think

Initially they told they will give but now they are saying that there is new regulation in the bank that minimum salary credit should be 3L for LTF magnus

 

[itsds]

What is the employee strength of the organisation that you are working ?

27 thou sand

 

[mojo_jojo123]

Initially they told they will give but now they are saying that there is new regulation in the bank that minimum salary credit should be 3L for LTF magnus

yes so you can open Burgundy salary ac just for fun .. nothing more than that

 

[kjs]

27 thou sand

Okay. Even my org has 23k+. May be they will agree for organisation of these much strength where atleast 20% may be using axis as sal acc. Lets see i will check with my payroll team.

 

[itsds]

yes so you can open Burgundy salary ac just for fun .. nothing more than that

so true , only for name but no benefit , even select credit card is not worth to take , poor reward rate

 

[itsds]

Okay. Even my org has 23k+. May be they will agree for organisation of these much strength where atleast 20% may be using axis as sal acc. Lets see i will check with my payroll team.

sure anyway i dont see any much benefit apart from LTF Select credit card and 25% discount on eazydiner through burgundy debit card

 

[kjs]

sure anyway i dont see any much benefit apart from LTF Select credit card and 25% discount on eazydiner through burgundy debit card

Okay. Got it lets see then i will stick to what it is currently. I already have Axis ace and myzone cards. I was just seeing in case We can get BMS 1+1 as an alternative to MyZone 1+1 on Paytm. Indusind has decent offers related to BMS and grocery shopping but my org dosent have tie up which is strange. It has tie up with IDFC & IDBI but not indusind

 

[itsds]

Okay. Got it lets see then i will stick to what it is currently. I already have Axis ace and myzone cards. I was just seeing in case We can get BMS 1+1 as an alternative to MyZone 1+1 on Paytm. Indusind has decent offers related to BMS and grocery shopping but my org dosent have tie up which is strange. It has tie up with IDFC & IDBI but not indusind

I need to open Indusind Exclusive account, will visit branch.

 

[kjs]

I need to open Indusind Exclusive account, will visit branch.

okay , so you are moving your salary account to IndusInd ?

 

[itsds]

okay , so you are moving your salary account to IndusInd ?

nope, just sving account to get exclusive debit card

 

[kjs]

How about converting my existing 811 account of Kotak to Salary account ? Actually all my investment is linked to HDFC which is also a salary account and I want to keep both seperate. Also With Kotak active FD sweep in and out threshold is also less and smooth.

 

[kjs]

you can use kotak for care waiting period is less, but tries to sale their insursnce products, online customer care is best but not offline.

icici best but need patience.

for cc, hdfc. axis cards benfits are now on first come basis.

i advise you to take kotak, for cc amex, hdfc, bob eterna, indus, stanC

Are you aware of family banking in Kotak ? Like with salary account do they provide account for family members at 0 balance but still under the account variant of what the sal account holder is.

 

[Pack_of_Cards]

Are you aware of family banking in Kotak ? Like with salary account do they provide account for family members at 0 balance but still under the account variant of what the sal account holder is.

A bit odd suggestion, salary account in HSBC is ok, apart from credit card (which is useless), corporate salary account holder gets a debit card with 5% unlimited cashback. Unlimited cash withdrawl at HSBC and VISA atm. There is a trick and you can get cashback on CC bill payment. I guess take a look. HSBC Corporate Employee Programme

 

[itsds]

A bit odd suggestion, salary account in HSBC is ok, apart from credit card (which is useless), corporate salary account holder gets a debit card with 5% unlimited cashback. Unlimited cash withdrawl at HSBC and VISA atm. There is a trick and you can get cashback on CC bill payment. I guess take a look. HSBC Corporate Employee Programme
View attachment 33922
View attachment 33923

How can we get cashback on credit card bill payment ?

 

[Pack_of_Cards]

How can we get cashback on credit card bill payment ?

DM me directly

 

[kjs]

A bit odd suggestion, salary account in HSBC is ok, apart from credit card (which is useless), corporate salary account holder gets a debit card with 5% unlimited cashback. Unlimited cash withdrawl at HSBC and VISA atm. There is a trick and you can get cashback on CC bill payment. I guess take a look. HSBC Corporate Employee Programme
View attachment 33922
View attachment 33923

The issue is Nearest branch is 200kms away from my home town which can cause a problem in case anything requires Branch Visit

 

[Pack_of_Cards]

The issue is Nearest branch is 200kms away from my home town which can cause a problem in case anything requires Branch Visit

You won't require branch visit, 2+ year for me never visited single time

 

[kjs]

Yeah , even I moved my salary account from HDFC to AXIS in hope of getting LTF Magnus for Burgundy account, I have net salary more than 2L and axis offered Burgundy for the same. Will apply for Magnus in some days

What variant is your HDFC account now ? like did it get downgraded from Preferred ? Are you charged anything(debit card charges , SMS charges)