Thanks, I agree 👍 💯 with your approach, few Bank came in my mind...
Good App and 0 Fee otherwise banking - IDFC - (10k MAB-), than why not HDFC with 590 Millennia DC, and same 10k MAB.
Kotak 811 Super ( fits in many aspects)- but Freeze issue, demotivates me to go ahead. And branch don't take interest in it as a Bank account (wallet - they say it) 😭
PSU have only RSDC benefits and 0mab now, no Cashback, Instant Discount etc
Existing Vanila Setup of Bank Account - both linked with UPI -BHIM and Zerodha (Broker)
BOI - PSU - now 0mab
Ujjivan - SFB - 1k mab
Every bank account you have mentioned has its own cons & pros. IDFC offers you a good app with almost zero charges (DC, SMS, IMPS, RTGS, etc.) except for maintaining the MAB, like 10K or 25K.
HDFC with Millennia DC is perfectly suitable if your daily transactions are based on bill payments, POS, e-Com, or wallet reloads, but you have to maintain the MAB depending on your location.
Kotak 811 Super would have been a great choice for a true zero balance account, but as you have mentioned, it has had some account freezing issues lately. Albeit, if you use your account for genuine transactions & not the manufactured ones, I guess it is still the best account, which has zero MAB with super plan annual fees. I am personally using this one & haven't had any issues so far.
Now, speaking about PSU, the majority of the banks have started to offer zero MAB accounts, so select an account as per your convenience after doing some comparison with other PSU banks that offer minimal charges, have a branch in your vicinity, and have transparent policies of account maintenance, including charges and T&C.
Though, I believe that you're well aware of your banking management and should pursue it as per your convenience/nee
ds.
