Journey to LTF Rupay Select Debit Card

[shantanusearch1]

A Chase for a Life Time Free Rupay Select Debit Card
In todays busy schedule without visiting branch tried the Premium Rupay Select Debit Card with all benefits.

Idea was Opening online account of Bank of Maharashtra BSS-25 account online with 25k QAB

Online Account Opening Time :- 30 mins
VKYC Time :- 4 days with continuous retry
Account Activation :- 4 hours after VKYC
Funding :- 25k instantly by NEFT
Debit Card Apply :- No option in App , have to visit home branch
Debit Card Issue :- 1 Day after applying
Debit Card Dispatch :- 3 Day after issue
Debit Card Delivery :- 6 Day after dispatch
Debit Card Delivery Location :- Branch , not done in customer address , have to visit branch to get and activate it
Now Actual use - Registered in Rupay Portal - all benefits available



its really the cheapest with 0 joining & 0 AMC in this account , only 25k has to be maintained

 

[Anupama_Jha]

Any female in the house? Get this👇🏻

Thread 'Cent Queen Savings Account - LTF Rupay Select Debit Card'

Dec 7, 2024

Introducing the Cent Queen Savings Account by Central Bank of India: A Financial Gem for Women

Central Bank of India has recently launched the Cent Queen Savings Account. Exclusively available for women aged 18 to 65 years.

Key Benefits of the Cent Queen Savings Account:

1. Lifetime Free (LTF) Rupay Select Debit Card

2. Quarterly Balance (AQB)
Maintain a AQB of just ₹25,000, with no non-maintenance charges

Step-by-Step Guide to Open the Account:

For New Customers:

1. One photocopy of your Aadhaar and PAN card alongside Three passport-size photographs.

2. Visit any nearest Central...

• Anupama_Jha
• account debit card ltf rupay rupay select rupay select debit savings savings account select
• Replies: 1,409
• Forum: Bank Account

• 
• 
• 

 

[wanderer0]

25k AMB for a year and assuming min 10% earning this card costs 2500. Interesting to see people go for 25-50k AMB accounts just to avoid paying 500-700 for a card.

 

[shantanusearch1]

Yes in Real Financial Terms

BOM Saving interest = 2.5 %
so 25000 * 2.5 % = Rs.625 Interest Income yearly

if 25k kept in FD of 6.7% = Rs.1675 Interest Income yearly

So keeping in saving Opportunity loss yearly will be Rs.1000

But its still cheaper how

1. if taken any other bank 2k amb , even now it 0 amb charges as Canara bank , then also there card cost 1000 + gst = Rs.1180
so 1675 - 1180 = Rs 495 Interest Income yearly

2. So finally saving more also mental peace as no charges in account.

 

[praful1947]

Yes in Real Financial Terms

BOM Saving interest = 2.5 %
so 25000 * 2.5 % = Rs.625 Interest Income yearly

if 25k kept in FD of 6.7% = Rs.1675 Interest Income yearly

So keeping in saving Opportunity loss yearly will be Rs.1000

But its still cheaper how

1. if taken any other bank 2k amb , even now it 0 amb charges as Canara bank , then also there card cost 1000 + gst = Rs.1180
so 1675 - 1180 = Rs 495 Interest Income yearly

2. So finally saving more also mental peace as no charges in account.

Ye chiz to canara me bhi kar sakte the .
Faltu me ek account khola hai , branch dor kar dc apply Kiya 😂