Suggestions for a Premium / Best Savings Account for Min. 10L Monthly Balance.

[baran12]

Hello Folks,

Any suggestions for a premium sav. accounts that I can look into for min. 10L monthly balance? I've been a Imperia member of HDFC but I'm thinking of moving it to Axis Burdungy. Any tips, suggestions, alternatives I can explore?

 

[Riya Sharma]

Sure. Go for Axis Burgundy if you are actually willing to maintain that amount, since they will charge as soon as you stop maintaining. IndusInd Pioneer is also an option. I'll even sum up the pros/cons for you:

Pros:

Axis: Fast email/customer support, generally good RM's, Good cc's
IndusInd: 0 forex dc/cc's easily available, good branches, decent staff at pioneer branches but RM's can be shitty, phone support is decent, free locker and easy to get (small, medium)

Cons:

Axis: hard to trust, shitty dc, strict on maintenance criteria
IndusInd: Shitty app/netbanking, email is slow, general processes take longer at indus, below average cards for high fees (negotiate) but good for 0 forex

 

[pgarg24]

Best would be to open idfc wealth, jana exclusive with the amount(they dont have mab requirement nor downgrade so you can collect some premium accounts after initial IP for banking benefits). Would suggest to settle at indusind pioneer finally as they provide best saving interest rates on having 10L mab.

 

[baran12]

Sure. Go for Axis Burgundy if you are actually willing to maintain that amount, since they will charge as soon as you stop maintaining. IndusInd Pioneer is also an option. I'll even sum up the pros/cons for you:

Pros:

Axis: Fast email/customer support, generally good RM's, Good cc's
IndusInd: 0 forex dc/cc's easily available, good branches, decent staff at pioneer branches but RM's can be shitty, phone support is decent, free locker and easy to get (small, medium)

Cons:

Axis: hard to trust, shitty dc, strict on maintenance criteria
IndusInd: Shitty app/netbanking, email is slow, general processes take longer at indus, below average cards for high fees (negotiate) but good for 0 forex

Thanks. I asked Axis what happens on non maintenance of balance, are there any charges and the RM mentioned that there are no charges but the account get's downgraded.