What are some good 0 Balance accounts for students ?

[SmartyAadi]

Hi there! I am a 18yr old here and want to know what are some good banks for a 0 Balance accounts. As of now, I have opened Kotak 811 for which KYC is gonna be done this evening. I had applied for a HDFC account on 4th of december but yet no intimation from HDFC (Find this to be really pathetic, I applied for 811 day before and they gave account and all and just want to complete KYC today, really fast). Both applications were done online. I also have a minor account in ICICI which I will major but my dad is asking to make one separate account too, so is that possible ?
also, my parents have preferred banking in HDFC, Wealth managment in ICICI etc. so will it be good to link my accounts to theirs in the family banking program ?
Thank you all in advance! )

 

[saucy]

Oh I see. He told me he's going to transfer around 4 5L atleast, so what's good for that amount, any idea?

5L gets you Imperia in HDFC.
you can then link your parents account to yours and get them an upgrade

 

[SmartyAadi]

5L gets you Imperia in HDFC.
you can then link your parents account to yours and get them an upgrade

Oh I see. Well, I think he's now doing it in icici again lol. Will tell him this tho

 

[KingAAR]

18yr old is a TF premier ,,, nice...

 

[varun__goel_]

I asked about idfc future first at my nearest branch and they said that it's offered only to people who are taking education loans from idfc. So they have 2 variants. One is 10k MAB and another is 25k mab. Can you tell if they are good? Both mab are no issues to maintain. Especially for idfc dc offers on various shopping brands.

That is totally false information. DM on X, that they are not allowing to open a idfc future first acc, quote your number and nearest branch.
And if you still wish to go for normal accs, it is your wish, you can go for any variant. Just check out their feature resp on idfc website and choose according to your need

 

[aayusharyan]

Yupp, no 0 bal accs as of now from icici..

Isn't Wealth a 0 balance Acc, considering OP has family banking with ICICI.

 

[varun__goel_]

Isn't Wealth a 0 balance Acc, considering OP has family banking with ICICI.

You cannot call it unconditional 0 bal acc as people have started rec downgrade mails from icici. Yes have further advised him to get it under family banking

 

[Tejo]

Hi there! I am a 18yr old here and want to know what are some good banks for a 0 Balance accounts. As of now, I have opened Kotak 811 for which KYC is gonna be done this evening. I had applied for a HDFC account on 4th of december but yet no intimation from HDFC (Find this to be really pathetic, I applied for 811 day before and they gave account and all and just want to complete KYC today, really fast). Both applications were done online. I also have a minor account in ICICI which I will major but my dad is asking to make one separate account too, so is that possible ?
also, my parents have preferred banking in HDFC, Wealth managment in ICICI etc. so will it be good to link my accounts to theirs in the family banking program ?
Thank you all in advance! )

Why all of you on hdfc and icici only ?

Au, Sbi, bob too are zero balance ac's

Idfc, indus too have zero balance with Initial funding.

 

[Tejo]

Hi there! I am a 18yr old here and want to know what are some good banks for a 0 Balance accounts. As of now, I have opened Kotak 811 for which KYC is gonna be done this evening. I had applied for a HDFC account on 4th of december but yet no intimation from HDFC (Find this to be really pathetic, I applied for 811 day before and they gave account and all and just want to complete KYC today, really fast). Both applications were done online. I also have a minor account in ICICI which I will major but my dad is asking to make one separate account too, so is that possible ?
also, my parents have preferred banking in HDFC, Wealth managment in ICICI etc. so will it be good to link my accounts to theirs in the family banking program ?
Thank you all in advance! )

Do not link you hdfc ac's with your existing family banking.

Because it's very unfortune, even you might Wont get best pre-approved cc off

 

[varun__goel_]

Why all of you on hdfc and icici only ?

Au, Sbi, bob too are zero balance ac's

Idfc, indus too have zero balance with Initial funding.

He has mentioned he does't want to pile up accs and want to go for these two preferably. 🤷🤷

 

[AritraSaha]

18yr old is a TF premier ,,, nice...

TF centurion in making 😁

 

[AritraSaha]

Isn't Wealth a 0 balance Acc, considering OP has family banking with ICICI.

Yup.. until you get a email 😁

 

[SmartyAadi]

Why all of you on hdfc and icici only ?

Au, Sbi, bob too are zero balance ac's

Idfc, indus too have zero balance with Initial funding.

Hdfc one is mainly for paying our cc bills which are pretty high per month so I can divide them between 3 Easyshop dc each month. Icici one I am taking since already it has some account status or so

 

[SmartyAadi]

Do not link you hdfc ac's with your existing family banking.

Because it's very unfortune, even you might Wont get best pre-approved cc off

Oh is it? I see. Thanks for the heads up.

 

[SmartyAadi]

18yr old is a TF premier ,,, nice...

What do you mean? I did not understand. Sorry I am kinda new to the TF community!

 

[Sourabh_13]

I asked about idfc future first at my nearest branch and they said that it's offered only to people who are taking education loans from idfc. So they have 2 variants. One is 10k MAB and another is 25k mab. Can you tell if they are good? Both mab are no issues to maintain. Especially for idfc dc offers on various shopping brands.

They are misinforming you. If your institute is in their Future First Account list (you can see this on their tabs), then you should go for the Future First account only. Just DM on twitter mentioning the branch and what they are telling you. IDFC Customer Service folks are active on Twitter. You can also ask them to inform the branch to open the Future First account for you.

In case you are opening the regular savings account, I would say go for the 25K MAB one as it's debit card has the airport lounge access and higher insurance coverages. (2% cashback on debit card spends is there as well..but it is for first 3 months only)

 

[SmartyAadi]

They are misinforming you. If your institute is in their Future First Account list (you can see this on their tabs), then you should go for the Future First account only. Just DM on twitter mentioning the branch and what they are telling you. IDFC Customer Service folks are active on Twitter. You can also ask them to inform the branch to open the Future First account for you.

In case you are opening the regular savings account, I would say go for the 25K MAB one as it's debit card has the airport lounge access and higher insurance coverages. (2% cashback on debit card spends is there as well..but it is for first 3 months only)

I see. I'll surely do the same. Thank you for sharing this.

 

[SmartyAadi]

Guys, I have now initiated process for enabling family banking via my mom's WM account login. Any idea if it will go through and when? I asked my dad and he said that he can give me money to keep my wealth account by giving 1 or 2 L cheque if need be.

 

[SmartyAadi]

you can see this on their tabs

Can you share where it is? I am unable to find it online. Sorry for my dumb questions.

 

[varun__goel_]

Guys, I have now initiated process for enabling family banking via my mom's WM account login. Any idea if it will go through and when? I asked my dad and he said that he can give me money to keep my wealth account by giving 1 or 2 L cheque if need be.

As mentioned in other threads it takes around 20 days. Don't open a fresh wealth acc if you won't be maintaing nrv as they have started issuing downgrade notices...

 

[varun__goel_]

Can you share where it is? I am unable to find it online. Sorry for my dumb questions.

The tab they use to open accounts....