Need suggestions for individual current account

[drvirag]

Only UDYAM needed. For better experience, launch a complaint before going branch. That's what I do before visiting any PSU for 1st time.

Us se opposite bhi ho jata hai. Meri jisne complain ki hai aaj tak kabhi uska kaam nhi hua. 100% clean record hai. Pahle log complain karte the, Ab log complain hi nhi karte. Coz unhe pata hai inki complain kar di to kabhi kaam ho hi nhi sakta

 

[Ram1]

I asked in BOM,

He said aadhar,pan, itr needed.
No physical verifications

 

[Ram1]

Asked in pnb.

BM said they dont have access to open individual current accs yet🤣🤣🤣

 

[techprince]

I asked in BOM,

He said aadhar,pan, itr needed.
No physical verifications

Apply online. They dont ask ITR as well. They will ask income and type of work verbally only.

Asked in pnb.

BM said they dont have access to open individual current accs yet🤣🤣🤣

Branch people dont know anything. Show them their own website : https://www.pnbindia.in/current-deposit-account.html

 

[techno123]

Kindly provide an option for current account having good cash deposit limit and low MAB requirement.

 

[Ram1]

Finally my quest ends here
Hdfc individual current account
Variant - Biz lite +
Mab - 10k ( only for 2 quarters has to maintain)

Cash deposit limit - 2lakhs or 6 times the current month mab

Took only aadhar,pan, initial deposit cheque
Physical verification tomorrow

 

[Humanbeing]

Finally my quest ends here
Hdfc individual current account
Variant - Biz lite +
Mab - 10k ( only for 2 quarters has to maintain)

Cash deposit limit - 2lakhs or 6 times the current month mabView attachment 104479

Took only aadhar,pan, initial deposit cheque
Physical verification tomorrow

Good to know. Physical verification for nature of business & what have you choosen as profession?

 

[Ram1]

Good to know. Physical verification for nature of business & what have you choosen as profession?

I told them i need this account for mutual funds and sometimes cash deposits.Had no business.
They entered self employed, service, income from invested.
Tomorrow BM will visit my home and takes a photo with me. Thats all Inwas conveyed

 

[KGSIPO]

Why individuals are so obsessed with current account except for money deposits. Current account pay no interest also.

 

[cardy]

Why individuals are so obsessed with current account except for money deposits. Current account pay no interest also.

You won't understand.. 🤣🤣

 

[KGSIPO]

You won't understand..

Is it for depositing blxxx money

 

[cardy]

Is it for depositing blxxx money

We have to ask @Ram1 😂😂😂

 

[Ram1]

Is it for depositing blxxx money

No dont comment like that without knowing context pls. It damages the name and fame in this community.
If I am that rich to circulate blxxk money, i wont be wasting my time here asking suggestions, I would have simply hired a CA to do thinking and working it out.

 

[Ram1]

Why individuals are so obsessed with current account except for money deposits. Current account pay no interest also.

Small shops and individuals who deal with cash can't deposit cash frequently in savings account. It triggers warnings, people get calls from branch for doing more transactions. Also some times they freezes accounts asking explanation.

So people choose current accounts. Interest doesn't matter, keeping their money safe is important.
If needed,they can transfer to savings account through neft imps also.

Also regarding IT reporting, current accs have high cash transaction limit

 

[HumorSimpson]

Small shops and individuals who deal with cash can't deposit cash frequently in savings account. It triggers warnings, people get calls from branch for doing more transactions. Also some times they freezes accounts asking explanation.

So people choose current accounts. Interest doesn't matter, keeping their money safe is important.
If needed,they can transfer to savings account through neft imps also.

Also regarding IT reporting, current accs have high cash transaction limit

Do you own a shop ?

 

[Ram1]

Do you own a shop ?

Nope,
Let me explain my actual purpose of choosing current account.

Few months back, I did a deal online regarding voucher selling or something i dont remember. It is about 1k. Suddenly after 3 months or so, my sbi account got freeezed saying that is fraud money and i was asked to contact Mumbai police.

Then I understand these online payments like upi,imps,neft from unknown persons are not safe. We dont know that money is fraud money or real money. That was life lesson for me.

I'm not from metro city, so I cant use most vouchers, rps, gcs which i have to sell. So I decided its so safe to have one current account and take cash deposits from them instead of upi/neft/imps.

@hender

 

[drvirag]

Nope,
Let me explain my actual purpose of choosing current account.

Few months back, I did a deal online regarding voucher selling or something i dont remember. It is about 1k. Suddenly after 3 months or so, my sbi account got freeezed saying that is fraud money and i was asked to contact Mumbai police.

Then I understand these online payments like upi,imps,neft from unknown persons are not safe. We dont know that money is fraud money or real money. That was life lesson for me.

I'm not from metro city, so I cant use most vouchers, rps, gcs which i have to sell. So I decided its so safe to have one current account and take cash deposits from them instead of upi/neft/imps.

@hender

Yes that's why I use current ac for rsdc. U never know who is paying u. Now i have peace of mind if any fraud occurs. I can say its payment for treatment.

 

[Ram1]

Yes that's why I use current ac for rsdc. U never know who is paying u. Now i have peace of mind if any fraud occurs. I can say its payment for treatment.

True,
Everybody should do this i feelfor peace of mind

 

[HumorSimpson]

Nope,
Let me explain my actual purpose of choosing current account.

Few months back, I did a deal online regarding voucher selling or something i dont remember. It is about 1k. Suddenly after 3 months or so, my sbi account got freeezed saying that is fraud money and i was asked to contact Mumbai police.

Then I understand these online payments like upi,imps,neft from unknown persons are not safe. We dont know that money is fraud money or real money. That was life lesson for me.

I'm not from metro city, so I cant use most vouchers, rps, gcs which i have to sell. So I decided its so safe to have one current account and take cash deposits from them instead of upi/neft/imps.

@hender

@Vasuki new fear unlocked

 

[SSquad]

Is it for depositing blxxx money

No, one doesn't deposit काला money in current account.

But rotate amount through facilitator (like fuel station) and take cash to pay off expenses.