General Discussions and Updates about Banking

[rajrocks]

Which is the best regular saving bank account for daily use with minimum charges ? anybody using IDFC first bank saving account?

 

[avipersistent]

Which is the best regular saving bank account for daily use with minimum charges ? anybody using IDFC first bank saving account?

15% year-on-year decline in net profit due to higher bad loan provisions as reported by IDFC first bank and shares falling badly.Due to latest issues with Banks, I advise using standard ones like ICICI , Axis, HDFC , SBI bank if you be going deposit and maintain a substantial amount. As I understand for daily use you can go for it if amount maintained in the bank is less.

 

[Advik]

Which is the best regular saving bank account for daily use with minimum charges ? anybody using IDFC first bank saving account?

If you need proper saving account with minimum 10k balance then go for ICCI, HDFC, SBI.
If you need Zero Balance account then go for Kotak 811.

 

[Siddarth27]

Which is the best regular saving bank account for daily use with minimum charges ? anybody using IDFC first bank saving account?

You are not required to maintain a minimum balance in SBI

 

[Prithi Deb]

Which is the best regular saving bank account for daily use with minimum charges ? anybody using IDFC first bank saving account?

Kotak811 is good. Their new app is amazing.

And if you enroll for their 811 Super account, you will get 5% cashback (upto ₹500/month) on debit card spends.

 

[Bapun]

The Reserve Bank has allowed banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.

Customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank’s automated cash vending machines.

ATM withdrawals to get costlier by Rs 2 from May 1

MUMBAI: The Reserve Bank has allowed banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1

www.newindianexpress.com

 

[honey95]

All banking system is not good as older days, it's gets higher year by year by increasing charges with it's banking payment system. Bhim Upi will also introduce fee for merchant in another matter and other's payments apps also increased pricing.

 

[Rajkumar]

Happy New Financial Year to all the finance department employees... FY 2025-26.