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Salary Account Suggestions!
- Thread starter kunaljn91
- Start date
tuhin
TF Premier
if you have Amazon ICICI CC & FK Axis CC (LTF both), I think you don't need Ace Card. If your consumption like Bill Payment (via Gpay) is high then Ace is useful but don't forget Rs 500 charges annually. Hence, both FK Axis & Gpay Ace card are almost equal in the value proposition.
tuhin
TF Premier
thats why I personally love to bank with ICICI always. They are peaceful indeed. One other bank is Federal Bank.
kjs
TF Premier
Have never tried Federal Bank ..I will change Salary from Axis Priority to ICICI Titanium some account & close Axis Priority account. My HDFC old salary account still remains 0 balance account even after no salary credit since last 3 yrs , even they dont charge me anything with EasyShop Titanium debit card.
Other I have BOB for UPI transactions but there is a lot of server/nw issues these days with BOB , its a joint account opened in other city , now I have to do a course/process to tranfer it to current city & then close it. But its Rupay Virtual is good So planning to continue it.. Will check if I get virtual rupay platinum card of other bank where n/w issues are less.
I recently opened Union Bank account recently for emergency fund .
tuhin
TF Premier
I even can't set UPI Pin for my BOB Account. Already raised complain but they are giving lame excuses
kjs
TF Premier
Close the account & open with some other bank that would be quick rather than chasing Customer care for resolution. I am chasing BOB branch by emailing them issue related to PPF account not getting created. Finally I gave up & opened another account & will open ppf in that .. Will close BOB once rupay offer on amazon gets over
nabendu21
TF Buzz
I along with my spouse have had used the following Salary Accounts.
1. Kotak
2. ICICI
3. HDFC
4. Axis
5. DBS
Kotak was my longest relationship with and it never failed. The App UI looked like it was made by a kid but would work fine . I had no complaints about my account ever. Post stopping the salary it continued and till date they have never added any unnecessary charges or anything even when maintaining low balances . Also no unnecessary charges nothing . The CCs from Kotak were never really any good but now atleast in Home Loans they had become pretty competent and offering the best in class rates till few months ago. I can blindly recommended Kotak
ICICI seems to have the best app and most technologically advanced bank. Though personally I do not like the bank there is nothing wrong with them . Never heard my spouse complain about pressure from the RM for investments and stuff but no special service provided as well. It can work as well . If you want a Rubyx or Sapphiro LTF then if u already hold a Amazon Pay Credit Card check for Preapproved Offers. With that if your organization is approved I guess you do not need any Savings Bank account at all just for the LTF CC.
HDFC was held by my spouse and I had used it as leverage to get better cards . It tries to force you for investments and are aggressive so if u do not want your RM to nudge you can give it a skip unless you are looking for Card Upgrades and stuff . Also RMs will always ask for a certain investment even if u maintain good SB bank balances with them which I really did not like . What is the used of having a premium account , good salary credit but stilll RM acting like a vulture to make you invest just for card upgrades .
Axis I opened when it was difficult to get LTF cards from them without salary account. They gave Myzone LTF back then but now its so easy to get LTF cards. This bank is a strict avoid. In the middle in the Salary Account they were charging some IMPS charges . Well Salary Account with charges for IMPS was an eve opener. I do not like Axis at all in all cases it must be a strict avoid just because even with salary account they want to act smart and levy charges unnecessarily. I was looking for the premium account with LTF card but there were doubts even then if they can issue LTF Priviledge account . Nowadays Axis is much more open to LTF so it doesnt matter
DBS is my current salary account . It is no nonsense Salary Account . Good thing is they send vouchers quaterly Refer TNC on "https://www.dbs.com/digibank/in/dbs-forms/cep-contact-me.page" for salary credit with some minor transactions and average quaterly balance maintaiance. The main intention was they were planning to enter the CC business and I wanted not to miss out on an MNC cards. Apart from HSBC all other MNC banks had atleast one good CC offering plus it was giving vouchers for Salary credits which was like icing on the cake. Never faced an issue with DBS and one best thing is for newly added accounts as well you can do IMPS upto 2lacs without a cooling off period . I still prefer traditional IMPS / NEFT especially for larger transactions and when I want to keep a track of things.
Overall most of the banks are good only avoid on my list would be AXIS as I do not trust them . For bigger Banks my preference would be Kotak > ICICI > HDFC . For new age digital banking needs only , DBS is good as the app is good with no 24 hrs restrictions and also quarterly vouchers.
1. Kotak
2. ICICI
3. HDFC
4. Axis
5. DBS
Kotak was my longest relationship with and it never failed. The App UI looked like it was made by a kid but would work fine . I had no complaints about my account ever. Post stopping the salary it continued and till date they have never added any unnecessary charges or anything even when maintaining low balances . Also no unnecessary charges nothing . The CCs from Kotak were never really any good but now atleast in Home Loans they had become pretty competent and offering the best in class rates till few months ago. I can blindly recommended Kotak
ICICI seems to have the best app and most technologically advanced bank. Though personally I do not like the bank there is nothing wrong with them . Never heard my spouse complain about pressure from the RM for investments and stuff but no special service provided as well. It can work as well . If you want a Rubyx or Sapphiro LTF then if u already hold a Amazon Pay Credit Card check for Preapproved Offers. With that if your organization is approved I guess you do not need any Savings Bank account at all just for the LTF CC.
HDFC was held by my spouse and I had used it as leverage to get better cards . It tries to force you for investments and are aggressive so if u do not want your RM to nudge you can give it a skip unless you are looking for Card Upgrades and stuff . Also RMs will always ask for a certain investment even if u maintain good SB bank balances with them which I really did not like . What is the used of having a premium account , good salary credit but stilll RM acting like a vulture to make you invest just for card upgrades .
Axis I opened when it was difficult to get LTF cards from them without salary account. They gave Myzone LTF back then but now its so easy to get LTF cards. This bank is a strict avoid. In the middle in the Salary Account they were charging some IMPS charges . Well Salary Account with charges for IMPS was an eve opener. I do not like Axis at all in all cases it must be a strict avoid just because even with salary account they want to act smart and levy charges unnecessarily. I was looking for the premium account with LTF card but there were doubts even then if they can issue LTF Priviledge account . Nowadays Axis is much more open to LTF so it doesnt matter
DBS is my current salary account . It is no nonsense Salary Account . Good thing is they send vouchers quaterly Refer TNC on "https://www.dbs.com/digibank/in/dbs-forms/cep-contact-me.page" for salary credit with some minor transactions and average quaterly balance maintaiance. The main intention was they were planning to enter the CC business and I wanted not to miss out on an MNC cards. Apart from HSBC all other MNC banks had atleast one good CC offering plus it was giving vouchers for Salary credits which was like icing on the cake. Never faced an issue with DBS and one best thing is for newly added accounts as well you can do IMPS upto 2lacs without a cooling off period . I still prefer traditional IMPS / NEFT especially for larger transactions and when I want to keep a track of things.
Overall most of the banks are good only avoid on my list would be AXIS as I do not trust them . For bigger Banks my preference would be Kotak > ICICI > HDFC . For new age digital banking needs only , DBS is good as the app is good with no 24 hrs restrictions and also quarterly vouchers.
Is it fine if we remove all our salary from DBS account and move it to some other account?
I think it will be good for salary users, if they are eligible. Get salary credited, and transfer it to indian banks
kjs
TF Premier
I have used Axis , ICICI & Hdfc all 3.. Current its ICICI.
AXIS : RM is pathetic, tried to sell ulip,term insurance, medical policy,create FD & always said that Axis is better banks compared to peers ..I was using Axis Priority, no doubt the features were good , also it easily opened 0 bal partner account on 2L initial deposit.App is also good ..The CC is easily approachable even the RM , But was tired of their target based selling..Did not even provide any processing fee discount for personal loan..Nor helped me for home loan inspite of having account for more than 3 yrs.. Finally closed it . Axis branch service is good
Hdfc : Last salary deposited in year 2020..never charged for low balance or debit card.It still works as 0 Balance.The RM is also good and still it shows as assigned inspite of non salary deposited.Branch service is above average RM never sold any insurance or ulip policies..App is very much OK , dosent have features to order cheque book to communication address and many important and useful features.. .Twice i was in situation where cheque was needed ..but axis had that option and got the same in 3 days at communication address..
ICICI : Best in terms of service over calls, but the bank people or even the customer care don't know about companion account 0 balance even its mentioned in their website..Branch Bankers with highest Attitude , you need to wait 15-30mins to address your concern if you even do a branch visit.. Privilege banking or privilege desk is of no use ..Branch service is not so good..Only plus with ICICI is technology Nd their mobile app.. Credit or debit cards either are not any worth except Amazon Pay ICICI which i already have LTF .had to open this coz of home loan.. approached cc they told it is absolutely not reqd to have a saving account when u take loan..but branch people forced for this..
Never used Kotak, but happened to visit different branches for my wife & brothers account ..always prompt service
Might switch to HDFC again in coming future..But will surely open Kotak 811 general use and experience its service as well .
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If my uncle moves salary account from ICICI to some other account(it was recently upgraded to wealth management account too), will it continue to have all privileges? He is planning to open HSBC salary account and then move salary from HSBC to ICICI manually
saucy
TF Legend
What happens to LTF cc that you might have gotten with the salary account?
AsB
TF Legend
It will continue. Very rarely, the card is cancelled
I hold a hdfc salary account. Nothing special about the account. RMs are useless no follow ups from them. But given i hold hni card from axis, now axis has started sending emails to join burgundy program.
Go far Burgundy.... My personal opinion...
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