How To Maximise Returns In HDFC Bank Preferred Banking?

[BankExpertIndia]

Dear Community Members

I Have Having HDFC Bank Preferred Banking Program For Me And My Family And We Are Maintaining 2L MAB At A Family Level. So I Want To Ask That Can I Leave 50K In Account And For The Rest Rs. 1.5L Can I Create A Linked FD/Auto-Sweep FD?

Experts Do Share Your Opinion On This?
@TechnoFino

 

[TheTrickySid]

Dear Community Members

I Have Having HDFC Bank Preferred Banking Program For Me And My Family And We Are Maintaining 2L MAB At A Family Level. So I Want To Ask That Can I Leave 50K In Account And For The Rest Rs. 1.5L Can I Create A Linked FD/Auto-Sweep FD?

Experts Do Share Your Opinion On This?
@TechnoFino

The 2L criteria is for the amount present in Savings account itself.
For fd the criteria is different.

 

[Souvik]

With FD its 15L, but till the point they are not downgrading you or levying charges for non-maintenance you can have your way.

I hardly see a reason why you would like to be a part of Preferred with the monetary limitations of either 2L/15L, you may realize in the long run that it was simply just not worth you time.

Of late I do notice that IndusInd Exclusive account has better offers/benefits and our group members align to the fact that service in IndusInd is perhaps better than HDFC, Axis.

 

[BankExpertIndia]

With FD its 15L, but till the point they are not downgrading you or levying charges for non-maintenance you can have your way.

I hardly see a reason why you would like to be a part of Preferred with the monetary limitations of either 2L/15L, you may realize in the long run that it was simply just not worth you time.

Of late I do notice that IndusInd Exclusive account has better offers/benefits and our group members align to the fact that service in IndusInd is perhaps better than HDFC, Axis.

Just Waiting To Get CC Offer... One/Two Year Will Close It After Checking/Testing The Service.

The Amount Of 2L Acts Like A Emergency Fund...

Will Open IndusInd Exclusive By The End Of This Year

 

[TheTrickySid]

With FD its 15L, but till the point they are not downgrading you or levying charges for non-maintenance you can have your way.

I hardly see a reason why you would like to be a part of Preferred with the monetary limitations of either 2L/15L, you may realize in the long run that it was simply just not worth you time.

Of late I do notice that IndusInd Exclusive account has better offers/benefits and our group members align to the fact that service in IndusInd is perhaps better than HDFC, Axis.

HDFC do downgrade accounts if mab not maintained.
Also talking about Indusind Bank no doubt it has great services, I myself have patner account with them but the problem is their network. Indusind I not yet well established.
Whereas we will find HDFC/ICICI everywhere but not Indusind 😢

 

[BankExpertIndia]

HDFC do downgrade accounts if mab not maintained.
Also talking about Indusind Bank no doubt it has great services, I myself have patner account with them but the problem is their network. Indusind I not yet well established.
Whereas we will find HDFC/ICICI everywhere but not Indusind 😢

I Am Also Having Indus Partner Account... No Doubt IndusInd Is Also A Good Bank

 

[TheTrickySid]

I Am Also Having Indus Partner Account... No Doubt IndusInd Is Also A Good Bank

Then why r u thinking about opening indus exclusive account??

 

[BankExpertIndia]

Then why r u thinking about opening indus exclusive account??

Not For Any Reason Specifically...

 

[Souvik]

HDFC do downgrade accounts if mab not maintained.
Also talking about Indusind Bank no doubt it has great services, I myself have patner account with them but the problem is their network. Indusind I not yet well established.
Whereas we will find HDFC/ICICI everywhere but not Indusind 😢

Absolutely agreed on the availability part.

 

[Souvik]

Just Waiting To Get CC Offer... One/Two Year Will Close It After Checking/Testing The Service.

The Amount Of 2L Acts Like A Emergency Fund...

Will Open IndusInd Exclusive By The End Of This Year

I think the need of the hour is to have a thread on this forum which would say 'Bank-wise details as to how to get Credit Card without Savings Account'

 

[TheTrickySid]

Not For Any Reason Specifically...

When did you opened your partner account.
I actually opened it in offer period so it is zero balance mab account for me😅

 

[007]

When did you opened your partner account.
I actually opened it in offer period so it is zero balance mab account for me😅

You got the kit with two debit cards or one? And did you confirm the MAB for your account. BTW that offer is extended till 30th June, maybe will go upto next Vallentine! 🤷‍♂️😁

 

[TheTrickySid]

Some of us like me don't exactly like to have the minimum/zero MAB accounts

That's extremely strange

 

[TheTrickySid]

You got the kit with two debit cards or one? And did you confirm the MAB for your account. BTW that offer is extended till 30th June, maybe will go upto next Vallentine! 🤷‍♂️😁

Actually I am single owner of account so got only one if I add the patner I will get the second card.

 

[Dhruvit.S]

I like the zero balance offer. I wanted to know is it actually good? Worth it?

 

[007]

Actually I am single owner of account so got only one if I add the patner I will get the second card.

Ohh okay. And regarding the MAB, did you confirm or any mail you received after account opening? 👀

 

[TheTrickySid]

I like the zero balance offer. I wanted to know is it actually good? Worth it?

Yes it's good
You are getting a 1L mab account for zero balance.
What else do you need

 

[007]

I like the zero balance offer. I wanted to know is it actually good? Worth it?

Refer to this thread, all details have been shared already.

Indusind Bank Partner Account Suggestion

A few days ago when I visited Indus bank the employee told me a offer on opening of indus partner account wherein I have to deposit a cheque of rs 2L at opening which I can withdraw as soon as account gets opened and the account then remains zero balance and he also assured that they don't...

www.technofino.in

 

[TheTrickySid]

Why?

Why would someone not like to have no restriction on balance maintenance.

What's wrong with zero mab??

 

[TheTrickySid]

Nothing is wrong
But for example if one wants to keep 1Cr in banks what's the use of 0 MAB?

But a 0 MAB won't restrict anyone from maintaining balance. Poor or Rich anyone can utilise it.

Whereas not everyone can afford all MAB accounts.