Paytm Payments Bank Alternative

[Iamnothere]

Hi,
In light of the recent events I want to switch from Paytm payments Bank to another hassle free no cost account. Is there any recommendation?
Things I am most concerned are :
1.Charges for transaction( I want to use the account as a daily expense account and wouldn't wann incur any charges on any payments made)
2. No AMC/Debit card charges(acceptable even if we have only option of virtual card)
3.Low failure rates(this oneof te response I had Paytm payments Bank and I am looking at HDFC as an alternative)
4. Sweep option
5.No bar on funding amount but wouldn't wanna maintain any AMB
6. No other fine print charges
7. Monthly interest credits(if possible)

Would really help I we got multiple options with pros and cons ( and I think this because Paytm payments Bank was best for such expenses and was hassle free 😔)
TIA

 

[D₹V]

Hi,
In light of the recent events I want to switch from Paytm payments Bank to another hassle free no cost account. Is there any recommendation?
Things I am most concerned are :
1.Charges for transaction( I want to use the account as a daily expense account and wouldn't wann incur any charges on any payments made)
2. No AMC/Debit card charges(acceptable even if we have only option of virtual card)
3.Low failure rates(this oneof te response I had Paytm payments Bank and I am looking at HDFC as an alternative)
4. Sweep option
5.No bar on funding amount but wouldn't wanna maintain any AMB
6. No other fine print charges
7. Monthly interest credits(if possible)

Would really help I we got multiple options with pros and cons ( and I think this because Paytm payments Bank was best for such expenses and was hassle free 😔)
TIA

Kotak 8 1 1

 

[Kumar93196]

Kotak 8 1 1

Au digital Account...

 

[FinoGuy]

Chortel chu* account

---

Ps:just kidding, don't take seriously

 

[samm255]

Kotak, indie, SBI, Jupiter/Fi.

 

[Iamnothere]

@samm255

Hi,
In light of the recent events I want to switch from Paytm payments Bank to another hassle free no cost account. Is there any recommendation?
Things I am most concerned are :
1.Charges for transaction( I want to use the account as a daily expense account and wouldn't wann incur any charges on any payments made)
2. No AMC/Debit card charges(acceptable even if we have only option of virtual card)
3.Low failure rates(this oneof te response I had Paytm payments Bank and I am looking at HDFC as an alternative)
4. Sweep option
5.No bar on funding amount but wouldn't wanna maintain any AMB
6. No other fine print charges
7. Monthly interest credits(if possible)

Would really help I we got multiple options with pros and cons ( and I think this because Paytm payments Bank was best for such expenses and was hassle free 😔)
TIA

@thread-Thanks for the suggestion.
I would really like to explore kotak 811, but I have seen couple of my friends facing transaction freeze issues , so I am bit sceptical about it.
It would really help me and the thread if you guys could elaborate in the 7 pointers as I noted above. I want to know it directly from the users and hence would like to your feeds on it. TIA

 

[#aniket]

@samm255

@thread-Thanks for the suggestion.
I would really like to explore kotak 811, but I have seen couple of my friends facing transaction freeze issues , so I am bit sceptical about it.
It would really help me and the thread if you guys could elaborate in the 7 pointers as I noted above. I want to know it directly from the users and hence would like to your feeds on it. TIA

Trxn freeze issue, explain it more in detail.

 

[Iamnothere]

To detail the issue, the payments would not process and would fail frequently. The issue persisted and I did enquire with them it was frequent.

 

[gauravbhati]

@samm255

@thread-Thanks for the suggestion.
I would really like to explore kotak 811, but I have seen couple of my friends facing transaction freeze issues , so I am bit sceptical about it.
It would really help me and the thread if you guys could elaborate in the 7 pointers as I noted above. I want to know it directly from the users and hence would like to your feeds on it. TIA

Don't know about the transaction failures, but yaa they do not listen to query of Kotak 811 account.

I've charged for debit card and kotak Neo account and the cc said these transactions will be reversed automatically but still nothing happened. Complaint them over mail/telephone but just get a new SR no. generated everytime. 😂

 

[kushhh]

Any account which can be opened from non adhar linked number?

 

[Kumar93196]

Any account which can be opened from non adhar linked number?

Indusind bank a/c

 

[Vasuki]

Hi,
In light of the recent events I want to switch from Paytm payments Bank to another hassle free no cost account. Is there any recommendation?
Things I am most concerned are :
1.Charges for transaction( I want to use the account as a daily expense account and wouldn't wann incur any charges on any payments made)
2. No AMC/Debit card charges(acceptable even if we have only option of virtual card)
3.Low failure rates(this oneof te response I had Paytm payments Bank and I am looking at HDFC as an alternative)
4. Sweep option
5.No bar on funding amount but wouldn't wanna maintain any AMB
6. No other fine print charges
7. Monthly interest credits(if possible)

Would really help I we got multiple options with pros and cons ( and I think this because Paytm payments Bank was best for such expenses and was hassle free 😔)
TIA

Idfc future first ( monthly credit)
Hdfc normal sb or saving max - 5x amb of fd can give u zero balance.
If u under 25 - digi youth account


There is no zero balance account with your unrealistic expectations but there are premium account with zero balance with fd as trv .

Your best option is 811 ( if u fund 50-70k & use it no problem . But if u fund 200k & rotate it to make 1000k ofc there will be freeze . Freeze happens when its suspicious not regular spend pattern ) .

 

[Vasuki]

Any account which can be opened from non adhar linked number?

Most offline account

 

[samm255]

Any account which can be opened from non adhar linked number?

Kotak. You will need aadhar linked number for OTP verification.

 

[samm255]

@thread-Thanks for the suggestion.

People suggested you some options and gave you some pointers. Now do some research based on your requirements.

 

[Sahil_07]

Hi,
In light of the recent events I want to switch from Paytm payments Bank to another hassle free no cost account. Is there any recommendation?
Things I am most concerned are :
1.Charges for transaction( I want to use the account as a daily expense account and wouldn't wann incur any charges on any payments made)
2. No AMC/Debit card charges(acceptable even if we have only option of virtual card)
3.Low failure rates(this oneof te response I had Paytm payments Bank and I am looking at HDFC as an alternative)
4. Sweep option
5.No bar on funding amount but wouldn't wanna maintain any AMB
6. No other fine print charges
7. Monthly interest credits(if possible)

Would really help I we got multiple options with pros and cons ( and I think this because Paytm payments Bank was best for such expenses and was hassle free 😔)
TIA

indusind delite zero balance account

 

[prashu]

what about airtel payments bank ?

 

[Iamnothere]

People suggested you some options and gave you some pointers. Now do some research based on your requirements.

@samm255 - I agree and in that case I don't need this thread in that case, huh? That is not the whole point samm. There are very fine prints of charges/restrictions that would not be apparent and only the user would have visibility to it. The whole point of creating this thread is to make sure even the non users/new users have the same visibility with such terms before anyone further decides for an account. But thanks for your great input on it!!

 

[Iamnothere]

indusind delite zero balance account

That's a good suggestion. @Sahil_07 - any hiccups so far? Are all the transactions happening smooth?

 

[moneyMaker]

Been a happy user of kotak 811, they eveb provide digital only REAL debit card. I don't know if any other provides that.

The account is digital but feels like physical lol.