True Zero Balance Accounts

[Adityavikramsingh]

Also i have done a ombudsman complaint once against my bob branch since then they personally follow up with any issue I have and they treat me like a hni client if i ever need to go to branch once i had go to branch with my sister to open her account there was a crowd in the branch but they Opened the account and given me the passbook in 10 mins and also next time i went to branch they asked me if the sister's account was working fine or not

 

[Adityavikramsingh]

AMC charged

NSDL has maintainance charges.
Slice can be linked on Paytm, Phonepe and Gpay. Not on BHIM tho

No I have never been charged amc and I have 2 physical cards on my account instead of 1

 

[aravb]

No I have never been charged amc and I have 2 physical cards on my account instead of 1

Well latest posts from community suggest Rs. 354 AMC charges. Let's see what other users have to say.Website is not clear on the charges as well.

 

[dvader]

A bit off topic but For People who have trouble getting BoB Bro or BoB Lite. BoB advantage is the next best option (MAB 500Rural-1000SemiUrban-2000U/Metro). Once you get the account MAB is the only thing you need to take care of, get VDC, disable SMS alerts and you are set.

Also, BoB has now allowed B3 accounts to get branch service and now that RuPay Platinum has become useless, B3 Plus is a very good account. True Zero Balance, and you can now get a chequebook, physical DC if you need. No confusion. I hope they haven't discontinued B3 Silver accounts.

 

[Adityavikramsingh]

Well latest posts from community suggest Rs. 354 AMC charges. Let's see what other users have to say.Website is not clear on the charges as well.

Is there anyone here who has actually been charged ? That should clear things up

 

[John Since]

Curie Money (Yes bank)

 

[dvader]

Curie Money (Yes bank)

I think they invest your deposited money in mutual funds, and given SEBI's reputation it's bound to either be a scam or will cause a lot of collateral damage someday. Or most prob, it's gonna get curbed by RBI in a year or two anyway, after which they will get acquired by a small finance bank and become a normal saving account.

 

[aravb]

Galgal Cosmos bank

Limited availability but can definitely add in the list.

 

[John Since]

I think they invest your deposited money in mutual funds, and given SEBI's reputation it's bound to either be a scam or will cause a lot of collateral damage someday.

You can choose to invest money in MF's or to keep it in bank account itself. Money is invested in liquid funds which are the safest as they are not linked to the equity market. SEBI is by far making the market less manipulative and investor friendly. Don't understand why did you pass such statement on SEBI reputation. And everything is not a scam.

 

[Raavan]

I was wondering if we block physical sbi card, and tomorrow if we need to reset password etc via sbi online banking, can we do that?

Keep vdc saved somewhere for those scenarios

 

[varun__goel_]

AU SFB Digital Savings Account
Indie By Indusind

 

[dvader]

You can choose to invest money in MF's or to keep it in bank account itself. Money is invested in liquid funds which are the safest as they are not linked to the equity market. SEBI is by far making the market less manipulative and investor friendly. Don't understand why did you pass such statement on SEBI reputation. And everything is not a scam.

SEBI is the most incompetent and impotent regulator, they wouldn't be able to regulate room temperature if they were a thermostat. It's not even a regulator, it's just an institution.

And even if they are investing in liquid funds, they can't do that. There is a strict regulation on what you can do with deposited money and how much you can use it to do a specific thing. Are you sure this is a DICGC-insured account? I can't find a single reference to DICGC on their homepage.

 

[Piyush_Jaiswal]

SBI has now introduced Non Maintenance charges w.e.f 01 April '25

MAB 3K for Urban Locations

 

[varun__goel_]

Keep vdc saved somewhere for those scenarios

Won't work
Resetting password requires PIN which is only for physical DC.

Profile password shall be saved somewhere instead. Or branch is the only option left.

 

[John Since]

SEBI is the most incompetent and impotent regulator. It's not even a regulator, it's just an institution.

And even if they are investing in liquid funds, they can't do that. There is a strict regulation on what you can do with deposited money and how much you can use it to do a specific thing. Are you sure this is a DICGC insured account?

You have to manually invest in liquid fund from Yes bank. I'm sure Yes bank is DICGC insured. Curie money is just a platform facilitating both at a single place.

 

[John Since]

SBI has now introduced Non Maintenance charges w.e.f 01 April '25

MAB 3K for Urban Locations

When they ask for NMC charges, we tell them come after lunch. 😉

 

[dvader]

You have to manually invest in liquid fund from Yes bank. I'm sure Yes bank is DICGC insured. Curie money is just a platform facilitating both at a single place.

Ok as long as it's a normal Savings account and I can avoid investing, then that should be fine. Is there a schedule of charges available for this account officially? and can existing account holders open it?

 

[aravb]

SBI has now introduced Non Maintenance charges w.e.f 01 April '25

MAB 3K for Urban Locations

Can you share the circular or email i didn't find anything concrete 🤔

 

[John Since]

Ok as long as it's a normal Savings account and I can avoid investing, then that should be fine. Is there a schedule of charges available for this account officially? and can existing account holders open it?

It's still in beta phase and I have been using it for a month now. You will get Yes Pro savings account but a zero balance one. Rest I think the same charges will be applicable.

 

[dvader]

Won't work
Resetting password requires PIN which is only for physical DC.

Profile password shall be saved somewhere instead. Or branch is the only option left.

Yup, and in contrast PNB allows setting ATM pin for a virtual debit card, and you can use the PIN for authentication wherever needed. Why SBI missed it is beyond me.