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Also, even if they don't charge, I don't want to have an account which is so poorly managed that the two entities which manage it say opposite things and clearly cannot sync up and formulate one common policy. Have submitted closure request.

Unity SF Bank took over PMC Bank when the latter failed so there was (is?) some negative opinion associated with the combined entity. So they had (have?) high interest rates which could be attractive for some depositors. Last I checked they had just launched an app but did not have internet...

I will be closing Fi before the new terms apply in order to avoid account closure charges - so before 1 June. The account offers no rewards and has debit card charges and now they want some monthly balance too. Not worth it at all.

Wasn't there some RBI rule that said that 30 days notice has to be given before changed terms can come into effect?

Customer care lied. The FAQs explicitly say that bank reserves the right to cancel existing card and re-card the customer according to new tier. It probably won't happen immediately but it is not guaranteed that you will be able to retain your signature card for its entire validity.

In my experience I have seen more unethical things being done by private bank employees than SBI employees. SBI employees often do not care enough to do such stuff!

"Limited Period Offer"

Why not SBI regular savings account? There is no minimum balance requirement afaik and core tech / internet banking are solid. Branch visits are a concern but why would you need to visit the branch? RBI has recently mandated that all digitally opened accounts must be opened with the same mobile...

After earning 25 x 6 = 150 gems previously this month, I've done a Rs. 600 transaction again for one of the same billers. Let's see if I get 0 (repeat biller) or 25 (old logic) or 30 (5% of 600) or 100 (flat 100 per txn) gems.

This means that a Gems devaluation is coming soon. They cannot possibly give Rs. 100 for each bill payment. I predict that 1 Gem will soon be worth less than 1 Rupee.

Check income clubbing rules of income tax, it might not be so straight forward, strictly speaking.

Avoid Bank of Maharashtra

Linux people are screwed. For a while they supplied a binary for MahaSecure but it had old outdated libraries and was a big security vulnerability. Now their Windows MahaSecure kind of works with WINE but the whole thing is a giant piece of shit and looks a lot like security theater, I have a...

Just fyi: AU Digital Savings account RuPay Platinum card is chargeable at Rs. 150 + 18% GST = Rs.177 per year, but AU Bank has many discount offers and it's possible to recover this cost easily, even while only buying essentials like grocery.

For HDFC CC payment, why not HDFC Platinum DC + Mobikwik? Is Jupiter more rewarding?

IndusInd NetBanking has fewer features but is sometimes also too slow to be usable. On the other hand, HDFC has never been unusaby slow for me. HDFC is not as feature-rich as ICICI or Axis, but it has more features that IndusInd. For example, you can buy RBI Floating Rate Savings Bonds through...

Kotak ActivMoney is interesting - there is no premature withdrawal penalty, and sweep from savings to FD occurs every day. The catch is that the duration is fixed at 180 days, so if you ever need to sweep from FD to account, the effective duration will necessarily be lower than 180 days. For 180...

SBI Savings Plus Account and SBI Multi Option Deposit MOD = SBI terminology for FD which allows full or partial withdrawal at any time. At SBI branches, if you ask for MOD linked account, by default they will set the MOD FD duration to 1 year which does not give good rates. Ask for 5Y...

My opinion: Requirements: 1. Emergency funds must be easily accessible 2. Emergency funds must be "safe". RBL Bank has higher rates perhaps because there was negative news about it in the recent past, so I am not sure it meets Requirement # 2 for a long term "deposit and forget about it"...

Their default form has consent / liability waiver so that your RM / bank rep can execute transactions for you when you call them over the phone. Is this not insecure? The only advantage seems to be a Visa Signature debit card issued without any fees. So, overall, I think it's not a very useful...