Recommendations for Opening a Savings Account: Seeking Convenience, Higher Interest Rate, and Security

[Banking101]

Given that the funds are presently held in an SBI Bank account, I believe that transferring them to another bank might provide more advantages. With that in mind, which savings account would you suggest for opening under my father's name? Please take into account factors such as convenience, a higher interest rate, enhanced security, and the availability of the ASBA facility for his funds.

 

[shubhamosy]

In order to open a savings account under my father's name, I am considering options that offer convenience, a higher interest rate, and enhanced security for his funds. Which account would you recommend for these requirements?

Small bank's give high interest rates, AFIK
but your money will be safe in big banks like SBI,HDFC,ICICI ETC
you can try auto sweep feature.

 

[Banking101]

Big banks are secure but inconvenient. They make us visit the branch for every single thing.

 

[Tosh]

Small bank's give high interest rates, AFIK
but your money will be safe in big banks like SBI,HDFC,ICICI ETC
you can try auto sweep feature.

Stay way from auto sweep unless you are very sure your fund will be idle for a considerable duration. it does more harm than good if you frequently transact

 

[Banking101]

I often invest my money in ipos and drain my account. Auto sweep does not suit me.

 

[ak93]

Given that the funds are presently held in an SBI Bank account, I believe that transferring them to another bank might provide more advantages. With that in mind, which savings account would you suggest for opening under my father's name? Please take into account factors such as convenience, a higher interest rate, enhanced security, and the availability of the ASBA facility for his funds.

You can also check sbi mod scheme if you haven't checked already.

IDFC gives higher interest rate but not sure how secure it is.

 

[Priya KaramPriya Karam is verified member.]

Given that the funds are presently held in an SBI Bank account, I believe that transferring them to another bank might provide more advantages. With that in mind, which savings account would you suggest for opening under my father's name? Please take into account factors such as convenience, a higher interest rate, enhanced security, and the availability of the ASBA facility for his funds.

Hi,
Is your concern sorted for savings account?

 

[Vasuki]

You can also check sbi mod scheme if you haven't checked already.

IDFC gives higher interest rate but not sure how secure it is.

Idfc is scam 🤣.
They give increasing intrest rate
0-1lakh -3 %
1-3lakh 4-4 %
& So on
They don't have flat intrest rate

 

[pothi]

Idfc is scam 🤣.
They give increasing intrest rate
0-1lakh -3 %
1-3lakh 4-4 %
& So on
They don't have flat intrest rate

Most banks do the same. Are you aware of any bank that provides a higher flat interest rate?

 

[Vasuki]

Most banks do the same. Are you aware of any bank that provides a higher flat interest rate?

Atleast there is flat rate of 3% +- .
Not tricked into 6% gimmick.

& This increasing rate is for fd . Which has slab .not Increasing as per situation of money parked .

If u do 5 lakh fd u will receive on whole amount not In increasing order ..



Is there other bank .. rbl has more than idfc .. don't know much

Savings Account Interest Rates

Savings Account Interest Rates of RBI Scheduled Banks (in percentage %) Public Sector Banks >>> Banks Upto 1L >1L to 5L >5L to 10L >10L to 25L >25L to 50L >50L to 1Cr >1Cr to 10Cr Above 10Cr Bank of Baroda 2.75 2.75 2.75 2.75 2.75 2.75 2.75 2.75 - 3.35 Bank of India 2.75...

www.technofino.in

 

[AritraSaha]

Most banks do the same. Are you aware of any bank that provides a higher flat interest rate?

Right now i think RBL is the highest at 4.25% <1L

 

[HumorSimpson]

Idfc is scam 🤣.
They give increasing intrest rate
0-1lakh -3 %
1-3lakh 4-4 %
& So on
They don't have flat intrest rate

Their cc, DC, and everything is like that.
Sometimes I wonder their CS escalation matrix too works in this way, 100 words complaint level 1, 500noda l...

 

[Vasuki]

Their cc, DC, and everything is like that.
Sometimes I wonder their CS escalation matrix too works in this way, 100 words complaint level 1, 500noda l...

I m done with them closed account online

 

[smz]

I m done with them closed account online

How to close HDFC account online?

 

[Vasuki]

How to close HDFC account online?

Not hdfc..idfc can be closed online for hdfc visit branch ..
If your home branch is away .
Try changing branch online via NOW portal /expressway. Then
Close hdfc Account in branch should be done in 5 mintues