Savings account with less/nil amb. Indusind vs idfc

[Abhi1296]

Hi guys,
I would like to open a premium savings account for my mother. Initial fund can be 10L and above. But don't want a high amb to be kept. Will be using this account for investing sip.
Considering better interest rate..
Additional benefits will be bonus.

Idfc wealth vs indusind premium accounts ?

 

[TheTrickySid]

Hi guys,
I would like to open a premium savings account for my mother. Initial fund can be 10L and above. But don't want a high amb to be kept. Will be using this account for investing sip.
Considering better interest rate..
Additional benefits will be bonus.

Idfc wealth vs indusind premium accounts ?

How much can you maintain??

 

[Abhi1296]

50k - 1L will be fine, but preferably don't want that. Atleast there should be provision to downgrade if I am unable to maintain amb

 

[s_k_m13]

50k - 1L will be fine, but preferably don't want that. Atleast there should be provision to downgrade if I am unable to maintain amb

I would suggest to go for IndusInd Indie savings account with Megastar option (50k SB MAB or 200k SB + FD MAB).

 

[vine]

Hi guys,
I would like to open a premium savings account for my mother. Initial fund can be 10L and above. But don't want a high amb to be kept. Will be using this account for investing sip.
Considering better interest rate..
Additional benefits will be bonus.

Idfc wealth vs indusind premium accounts ?

Good plan.
But why only these two banks? For higher SB interest? (that too, interest on a decreasing amount),
If you are going to SIP to mutual funds(?), then I think your are over-complicating.
What I would do:
Move it to a liquid fund or a money market fund and do the SIP from there.

 

[kjs]

Open A SBI zero balance account , activate Auto Sweep & less complicate life for yourself and your mother. The more you chase private banks be ready for more spam calls. If you still want to choose any 1 of Indus vs IDFC Bank then choose the one that will spam less.

 

[jyothisthaliath]

Initial fund can be 10L and above. But don't want a high amb to be kept

I suggest go for IDFC Wealth account. It has 10L initial funding requirement. They will come to your home for account opening, just keep a cheque for initial funding. Post conversion to Wealth account, the minimum balance will be some 25K only. It's one of the best SB accounts I have, there is NIL charges for most of the banking services. The app is great, you can get credit card based on the banking relationship.

I have terrible experience with IndusInd. Too many tech issues and bad customer support, I suggest to stay away