Zero Balance AMB Account from IDFC First Bank, Is It Worth It? Need Advice!

[Sanskar]

Hey everyone!

I recently got an interesting offer from IDFC First Bank, and I’d love to get your thoughts and experiences.

Since I already have a credit card with them, they’re offering me a Zero balance AMB savings account but only if I set up auto-pay for my credit card from this new account.


Now, I have a few questions:

1. If I activate auto-pay now and then disable it after a month or two, will the savings account still remain zero balance AMB?
2. If the answer is no, do you think it’s worth waiting it out? Could they possibly offer a zero balance account without any conditions in the future?
3. Any other advice, tips, or things I should be cautious about?

Would really appreciate your insights. Thanks in advance!

Edit:-

Personally, I do not believe in auto pay for credit card. That’s why I am trying to avoid that.

Yes, I do want to open IDFC First account, but I’m already maintaining a high balance in my other bank account, so I don’t want to open another one that requires maintaining an AMB

 

[D₹V]

Hey everyone!

I recently got an interesting offer from IDFC First Bank, and I’d love to get your thoughts and experiences.

Since I already have a credit card with them, they’re offering me a Zero balance AMB savings account but only if I set up auto-pay for my credit card from this new account.


Now, I have a few questions:

1. If I activate auto-pay now and then disable it after a month or two, will the savings account still remain zero balance AMB?
2. If the answer is no, do you think it’s worth waiting it out? Could they possibly offer a zero balance account without any conditions in the future?
3. Any other advice, tips, or things I should be cautious about?

Would really appreciate your insights. Thanks in advance!

View attachment 92359

Chahiye to lelo warna jane do

 

[Sanskar]

Chahiye to lelo warna jane do

I want it, but I do not believe in auto pay for for credit card.

Usually, I like to pay manually and get 1% cashback on paying bill.

 

[akshayhs]

Set autopay to MAD and pay the rest of the billed amount manually. Get the account.

 

[praful47]

Hey everyone!

I recently got an interesting offer from IDFC First Bank, and I’d love to get your thoughts and experiences.

Since I already have a credit card with them, they’re offering me a Zero balance AMB savings account but only if I set up auto-pay for my credit card from this new account.


Now, I have a few questions:

1. If I activate auto-pay now and then disable it after a month or two, will the savings account still remain zero balance AMB?
2. If the answer is no, do you think it’s worth waiting it out? Could they possibly offer a zero balance account without any conditions in the future?
3. Any other advice, tips, or things I should be cautious about?

Would really appreciate your insights. Thanks in advance!

Edit:-

Personally, I do not believe in auto pay for credit card. That’s why I am trying to avoid that.

Yes, I do want to open IDFC First account, but I’m already maintaining a high balance in my other bank account, so I don’t want to open another one that requires maintaining an AMB


View attachment 92359

Which card do you hold ?

 

[D₹V]

I want it, but I do not believe in auto pay for for credit card.

Usually, I like to pay manually and get 1% cashback on paying bill.

You know everything

 

[Sanskar]

Which card do you hold ?

I Have Select Card, there is upgrade offer to Ashwa and Mourya card

 

[Sanskar]

Set autopay to MAD and pay the rest of the billed amount manually. Get the account.

I didn’t know that there is option to set auto pay for a minimum amount due

 

[Adith]

I got the same offer , setup auto pay and applied for the account.

Account is generated and shows its the 10k variant. Where do I check the MAB now?

I've also sent an email to customer care asking for confirmation that it's a 0MAB account.

 

[varun__goel_]

I got the same offer , setup auto pay and applied for the account.

Account is generated and shows its the 10k variant. Where do I check the MAB now?

I've also sent an email to customer care asking for confirmation that it's a 0MAB account.

You must have received a message on WA stating 0 MAB.

 

[Saral]

I want it, but I do not believe in auto pay for for credit card.

Usually, I like to pay manually and get 1% cashback on paying bill.

from where are u still getting 1% cashback?

 

[Anindya98]

Hey everyone!

I recently got an interesting offer from IDFC First Bank, and I’d love to get your thoughts and experiences.

Since I already have a credit card with them, they’re offering me a Zero balance AMB savings account but only if I set up auto-pay for my credit card from this new account.


Now, I have a few questions:

1. If I activate auto-pay now and then disable it after a month or two, will the savings account still remain zero balance AMB?
2. If the answer is no, do you think it’s worth waiting it out? Could they possibly offer a zero balance account without any conditions in the future?
3. Any other advice, tips, or things I should be cautious about?

Would really appreciate your insights. Thanks in advance!

Edit:-

Personally, I do not believe in auto pay for credit card. That’s why I am trying to avoid that.

Yes, I do want to open IDFC First account, but I’m already maintaining a high balance in my other bank account, so I don’t want to open another one that requires maintaining an AMB


View attachment 92359

No need to worry—even if you’ve set up auto-pay, the amount gets deducted only after the last day. You can still pay the full amount before that using any method you prefer. My cards are also on auto-pay, but last month I paid around 10 PM on the due date, and they didn’t deduct it by that time. Always choose TAD instead of MAD.

 

[cardy]

I want it, but I do not believe in auto pay for for credit card.

Usually, I like to pay manually and get 1% cashback on paying bill.

If you pay a few days early to the autopay date there will be nothing to worry. You can forget that auto pay is set

 

[the_collector]

I too got the same offer from idfc!

10k min bal account now being offered as 0 balance.

Applied and generated instantly

I hold the idfc wealth CC

The visa classic debit is supposedly free. Any benefits with that debit?

 

[hender]

I too got the same offer from idfc!

10k min bal account now being offered as 0 balance.

Applied and generated instantly

I hold the idfc wealth CC

The visa classic debit is supposedly free. Any benefits with that debit?

How old CC is !

 

[the_collector]

How old CC is !

It's been just over a year since I got the CC.

Moreover they gave free 1000 rp for opening the account.
Not worth a lot but anything free is good 😀

 

[the_collector]

How old CC is !

You can try opening the app and see if the pop up comes.

Also for anyone trying. If they show the 10k mab one free ,make sure to select annual income range 5 to 10L.

I selected above and it didn't go through.

 

[Adith]

I too got the same offer from idfc!

10k min bal account now being offered as 0 balance.

Applied and generated instantly

I hold the idfc wealth CC

The visa classic debit is supposedly free. Any benefits with that debit?

Does the debit card show for you in the cards section ? For me it shows only an option to apply for the first tap card and the idfc Wealth cc.

No debit card is shown. Do I have to apply for the debit card?

There is a message saying " you do not have any debit card . Please get in touch with your RM or nearest branch "

 

[Saral]

anyone who is not seeing 0 balance offer? i am seeing only 10k and 25k balance account in app

 

[the_collector]

Does the debit card show for you in the cards section ? For me it shows only an option to apply for the first tap card and the idfc Wealth cc.

No debit card is shown. Do I have to apply for the debit card?

There is a message saying " you do not have any debit card . Please get in touch with your RM or nearest branch "

No not yet, I presume it'll take time to update.