General Discussions and Updates about Banking

[honey95]

Indusind is offering 5 credit card variants as lifetime free as independence offer

Must check terms and conditions before applying any credit card. They will add high transactions or after 1 year with add any charge to user.

 

[Esmail]

Must check terms and conditions before applying any credit card. They will add high transactions or after 1 year with add any charge to user.

Whatever change in terms happen they are bound to inform the customer over email. I have credit cards of 10 different banks, most LTF, few paid but with high cashback easily covering the annual fee. Never faced any issues with any of the banks.

 

[Advik]

Recently took 3 credit cards IDFC First Power Plus, Axis Airtel, Tata Neu Infinity.
Now I have total 8 credit cards. Never faced any issue in the past just paid my bill on time always.

 

[Bapun]

The Reserve Bank of India (RBI) has proposed to provide a facility to the remitter to verify the name of the receiver (beneficiary) before initiating a payment transaction in Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).

Payment Systems like UPI and IMPS provide a facility to the remitter to verify the name of the receiver before initiating a payment transaction.

RBI proposes beneficiary name verification for RTGS and NEFT transactions

 

[Bapun]

Maharashtra IT Dept Directs Axis Bank To Pay Rs. 1.76 Crore Due To Online Banking Security Lapses, Rs 50 Lakh As Compensation To Victim

In a significant order (dated January 21), Maharashtra's Department of Information Technology directed Axis Bank to reimburse Rs. 1.76 crore (with 18% interest) to Dhule Vikas Sahakari Bank Ltd for...

www.livelaw.in

 

[Bapun]

A Gurugram man requested his bank's customer care support to help him change his relationship manager. Their response left him stunned. The bank, instead of resolving the issue, asked him to speak to the same relationship manager and get his concerns addressed.

Man Requests HDFC To Change Relationship Manager, Bank Responds

In a LinkedIn post, the man shared his experience of reaching out to HDFC Bank with the request to change his current relationship manager, whom he called "incompetent to the hilt."

www.ndtv.com

 

[Shakti M Raol]

I have amazon pay ICICI Bank credit card and from past some days I am receiving calls saying due to my 100 percent on time payment history company is offering me there sapphiro credit card without any joining fee and no annual charges till card validity I have 2 questions
1. This is there premium card which comes with joining fee and annual charges both dose bank are able to give it free?
2. As exicutive said on phone no charges till card validity what happens after current card is expiring can bank renew with same offer our I get charged??


Dear admins I don't know where to ask my question so I am posting here!

 

[Esmail]

I have amazon pay ICICI Bank credit card and from past some days I am receiving calls saying due to my 100 percent on time payment history company is offering me there sapphiro credit card without any joining fee and no annual charges till card validity I have 2 questions
1. This is there premium card which comes with joining fee and annual charges both dose bank are able to give it free?
2. As exicutive said on phone no charges till card validity what happens after current card is expiring can bank renew with same offer our I get charged??


Dear admins I don't know where to ask my question so I am posting here!

It's best to clarify from the executive directly and better to ask him to send it to you on email so you can keep it as a proof. Ideally it should be an LTF card and will have its own validity separate from your Amazon icici card. You will hold both cards separately and both will be LTF as per my understanding. I have the Rupay Coral CC as LTF in addition to the Amazon card.

 

[honey95]

Punjab National bank inform users to do kyc again for all online opening accounts in last past years till 28 march deadline, PNB is also increasing minimum balance from 1 April 3500 while SBI will do 5000 march. In Pnb, Bank will verify your last 3 months balance before it will charge while SBI will always deduct if your balance is not fulfil under 1-15 or 20-25 days. Do note, keep balance update while adding cash via upi or branch in 3-6 months in 2025.

 

[honey95]

Banking of Canara bank is doing cheap things are similar to other's govt banks, e-pass services is no longer will available via one Can 1A app just like other's Central bank did, this is trend to increasing banking apps installed in your mobiles to increase productivity of banking industry. We customer only need atleast 1 banking app of all banks with all necessary features on it.