How many bank accounts do you have and for what purposes?

[raghavx]

I hold following bank accounts

1. ICICI Bank (Savings) - For salary crediting and investments
2. IDFC First Bank (Savings) - for savings purposes, it gives good rate of interest.
3. DBS - Idk why I am still holding this.
4. Paytm Payments Bank - Had opened it long back, not sure why I am holding this too.
5. Fi.money - For day to day transactions as my primary savings account would get cluttered with few hundred rupees transactions.
6. Jupiter - Had opened alongside with Fi, thinking to close this.

 

[Trust Me]

Is idbi service very bad??

IDBI service is okay. Not on par with ICICI. The branch i have account is generally very crowded and is almost like a public sector bank

Haha ...

It used to be excellent when it was actually a Government-owned bank.

In my experience it has been gradually going downhill for a long time now, with the trend unchanged by privatisation!

The once-excellent netbanking has also become amongst the worst now!

There is no reason to open an account with them anymore.
.

 

[nixflix]

• ICICI, HDFC, SBI: FD side of things (that is my mergency fund and additionally parts of my debt portfolio) since these are DSIBs.
• Kotak: txn a/c and added for SIPs and to-and-from for MFs and stocks (HDFC is also ) and for ITR etc. (has a large sweep-out FDs as well but for MFs/stocks)
• Looking for a 5th a/c to make the transaction a/c and stop using Kotak as the txn a/c as Kotak has lots of other txns like dividend etc and I keep larger amount there.

Plan is to disable UPI, Aadhar based transfer etc to any a/c other than the transaction a/c.