Should I close Canara Bank, Kotak, IDBI, Union Bank of India

[vine]

I have accounts with Canara Bank, Kotak, IDBI, Union Bank of India.
1) Is there any good offer/CC/DC/any good reason to not close these accounts.
2) Any suggestions (of trustworthy banks) are welcome for SB accounts with zero SMS/DC charges and no blood-sucking penalties. SMS and Debit/ATM card charges get on my nerves, for some reason.

PS:
Am happy with ICICI Wealth a/c and their support.

 

[Walter White]

I have accounts with Canara Bank, Kotak, IDBI, Union Bank of India.
1) Is there any good offer/CC/DC/any good reason to not close these accounts.
2) Any suggestions (of trustworthy banks) are welcome for SB accounts with zero SMS/DC charges and no blood-sucking penalties. SMS and Debit/ATM card charges get on my nerves, for some reason.

PS:
Am happy with ICICI Wealth a/c and their support.

Convert Canara to salary account and hold it for Rupay Select Debit Card. They don't even check salary credit. If your gross salary is more than 150k, you get Rupay Select DC LTF.

 

[pothi]

For 2… have you considered NSDL Payments Bank?

It offers virtual DC and zero balance account for Rs.5 + gst per month. Use it slowly. Please don’t dump all the money in it as that will send a red flag. It is cheaper than traditional savings bank accounts.

 

[SSV]

I have accounts with Canara Bank, Kotak, IDBI, Union Bank of India.
1) Is there any good offer/CC/DC/any good reason to not close these accounts.
2) Any suggestions (of trustworthy banks) are welcome for SB accounts with zero SMS/DC charges and no blood-sucking penalties. SMS and Debit/ATM card charges get on my nerves, for some reason.

PS:
Am happy with ICICI Wealth a/c and their support.

I don't want to go into the details...
If you really want to keep an extra account other than your ICICI WM , it would be Kotak from your list..
All others can be thrown out..

 

[vine]

I don't want to go into the details...
If you really want to keep an extra account other than your ICICI WM , it would be Kotak from your list..
All others can be thrown out..

thanks for the suggestion! I was leaning towards kotak too. I dont see any particular use with the other three.

 

[vine]

Convert Canara to salary account and hold it for Rupay Select Debit Card. They don't even check salary credit. If your gross salary is more than 150k, you get Rupay Select DC LTF.

Thanks for the suggestion! I will try this out.

 

[vine]

For 2… have you considered NSDL Payments Bank?

It offers virtual DC and zero balance account for Rs.5 + gst per month. Use it slowly. Please don’t dump all the money in it as that will send a red flag. It is cheaper than traditional savings bank accounts.

I heard a few horror stories about their implementation & tech & support. This was a couple of years ago.
So, may be I will wait more.

 

[jetesh]

I have accounts with Canara Bank, Kotak, IDBI, Union Bank of India.
1) Is there any good offer/CC/DC/any good reason to not close these accounts.
2) Any suggestions (of trustworthy banks) are welcome for SB accounts with zero SMS/DC charges and no blood-sucking penalties. SMS and Debit/ATM card charges get on my nerves, for some reason.

PS:
Am happy with ICICI Wealth a/c and their support.

If you want an account with a zero bal feature.... go with an IndusInd Digital Saving Account.

 

[insight]

I have accounts with Canara Bank, Kotak, IDBI, Union Bank of India.
1) Is there any good offer/CC/DC/any good reason to not close these accounts.
2) Any suggestions (of trustworthy banks) are welcome for SB accounts with zero SMS/DC charges and no blood-sucking penalties. SMS and Debit/ATM card charges get on my nerves, for some reason.

PS:
Am happy with ICICI Wealth a/c and their support.

What all did you end up doing? Did you extract some RuPay Select or Plat DCs from them for the perks?

If you want an account with a zero bal feature.... go with an IndusInd Digital Saving Account.

Do they offer the above for low price?

 

[vine]

What all did you end up doing? Did you extract some RuPay Select or Plat DCs from them for the perks?

Do they offer the above for low price?

All banks increased the charges for Select DC.
I have anyway closed most of the redundant accounts.

 

[kishorvr]

Convert Canara to salary account and hold it for Rupay Select Debit Card. They don't even check salary credit. If your gross salary is more than 150k, you get Rupay Select DC LTF.

I don't have a savings account in Canara. So I can directly open a salary account and take a Select dc?

 

[Vasuki]

I have accounts with Canara Bank, Kotak, IDBI, Union Bank of India.
1) Is there any good offer/CC/DC/any good reason to not close these accounts.
2) Any suggestions (of trustworthy banks) are welcome for SB accounts with zero SMS/DC charges and no blood-sucking penalties. SMS and Debit/ATM card charges get on my nerves, for some reason.

PS:
Am happy with ICICI Wealth a/c and their support.

U can close idbi & union bank of India .

Kotak is good no charges it there.u will get offers.
Canara - u can take rupay select wellness card

 

[Vasuki]

All banks increased the charges for Select DC.
I have anyway closed most of the redundant accounts.

Same closed
Axis
Idfc
Jupiter

 

[vine]

I don't have a savings account in Canara. So I can directly open a salary account and take a Select dc?

Yes you can. Note the debit charges when you ask for the select DC

 

[coolanshu1000]

I don't have a savings account in Canara. So I can directly open a salary account and take a Select dc?

Ask them to open a premium payroll account.. that's what it is called in canara

 

[kishorvr]

Ask them to open a premium payroll account.. that's what it is called in canara

Cool. Will they accept my application of my company does not have relationship with them? Which company should I say I work? What docs are needed?

 

[coolanshu1000]

Cool. Will they accept my application of my company does not have relationship with them? Which company should I say I work? What docs are needed?

Existing company relation not required. They just need latest 3 salary slips.