Best account to keep Liquid Funds

[Ghost655]

Hello Guys, I have some idle cash as liquid funds lying round in my icici account earning around 3% interest i think.
I have invested in liquid funds , but in such uncertain times i want to keep the rest of the money in some bank account if possible.
My requirements:- A bank with good rate of interest in savings and a bank with minimal / no charges for debit card and sms if possible as i will keep money idle for long time.
I will consider FD if ROI is much higher. I see lot of guys walking about IDFC here in forum , it seems good with 5% ROI in savings with free debit card (if i get it this month) , and i can get a a free cc it seems.
Any other banks please suggest , i have relationship with icici, bandhan and corporation now.

 

[Batmanbaba]

Go for fd in sbm bank or indusind bank.... If you want to take a bit of risk.... Invest in 12%club....it gives... 12% intrest on your amount... Its a kind of p2p loan by bharatpe.... You invest money... And you get daily intrest... And amount can be withdrawn anytime.... But it takes 2-4 days for amount to get credited....

 

[Batmanbaba]

H

I have RD in Indusind bank

Ow much intrest you are getting...??

 

[iAmPm]

I Suggest Never Look At Them Except Jupiter... You'll Land In Great Trouble

can you elaborate on SFB and what are the trouble? I don't want to go with neo banks

 

[BankExpertIndia]

can you elaborate on SFB and what are the trouble? I don't want to go with neo banks

The Chance Of Getting Cheated Increases... I Mentioned Except Jupiter Because It's Backed By Federal Bank... Which Indeed Is The Good Bank.

 

[pranavcool]

can you elaborate on SFB and what are the trouble? I don't want to go with neo banks

Equitas is best balance sheet is good too

 

[iAmPm]

Equitas is best balance sheet is good too

Utkarsh's balance sheet is also good. IPO will come soon.

 

[pranavcool]

Utkarsh's balance sheet is also good. IPO will come soon

equitas elite account is good also dc has reward system on any transaction

 

[iAmPm]

equitas elite account is good also dc has reward system on any transaction

Initial funding is 5L right and what about MAB and non-maintenance charges?

 

[pranavcool]

I have family banking so you can keep atleast 5l*no of members safely

 

[pranavcool]

But 7% is only above 5l +

 

[iamvk]

I wonder why Fi wasn't mentioned so far. Also look at Niyo Global

 

[pranavcool]

Equitas bank?

Yes small finance bank

 

[Ghost655]

Go for fd in sbm bank or indusind bank.... If you want to take a bit of risk.... Invest in 12%club....it gives... 12% intrest on your amount... Its a kind of p2p loan by bharatpe.... You invest money... And you get daily intrest... And amount can be withdrawn anytime.... But it takes 2-4 days for amount to get credited....

Interesting had heard of 122% club never knew the model, Have you used it @Batmanbaba

 

[Batmanbaba]

Interesting had heard of 122% club never knew the model, Have you used it @Batmanbaba

Yes I invested 25000....now withdrawn..... Got the promised intrest rate.... But instant withdrawal promise is a gimmick... Took a week for money to reach my account...

 

[Krish]

The Chance Of Getting Cheated Increases... I Mentioned Except Jupiter Because It's Backed By Federal Bank... Which Indeed Is The Good Bank.

Even Fi

 

[Souvik]

Yes I invested 25000....now withdrawn..... Got the promised intrest rate.... But instant withdrawal promise is a gimmick... Took a week for money to reach my account...

So in the 12% club, BharatPe is giving out your money as loans to other P2P borrowers, what happens to your money if P2P borrower fails to repay loan/interest on time ?

 

[BankExpertIndia]

So in the 12% club, BharatPe is giving out your money as loans to other P2P borrowers, what happens to your money if P2P borrower fails to repay loan/interest on time ?

Paisa Doob Jayega!!!

As Per Today's Scenario Don't Invest In BharatPe... They Are Failing Many Payments

 

[Batmanbaba]

So in the 12% club, BharatPe is giving out your money as loans to other P2P borrowers, what happens to your money if P2P borrower fails to repay loan/interest on time ?

ThAt, s bhartpe concern......... Every lending institution has some npa.. Even banks... But when you deposit your money in bank... You can withdraw it anytime.... Whether bank has a npa or not... Issue is when there is large amount of npa...

 

[Souvik]

Paisa Doob Jayega!!!

As Per Today's Scenario Don't Invest In BharatPe... They Are Failing Many Payments

I thought so, thanks for some real-time feedback.

 

[Souvik]

ThAt, s bhartpe concern......... Every lending institution has some npa.. Even banks... But when you deposit your money in bank... You can withdraw it anytime.... Whether bank has a npa or not... Issue is when there is large amount of npa...

Problem is bharatpe is lending P2P, which is all sub-prime, not so good borrowers. So default rate is bound to be high i think.