Help me decide between AXIS , YES and HSBC bank

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kartikoli

kartikoli

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Need a suggestion for bank account

my brother have been given a choice of 3 banks [yes, axis and HSBC bank] from his employer and we have no branch close to my house also all ATMs are far situated as well so we need to decide on a bank which gives following features or al-teast few

less or no min. balance
Net banking
zero fee for NEFT transactions
SMS alert
no fee for accessing any ATM [specially SBI]
Visa/Master card [debit]
no fee for depositing cash anywhere in india

ALL THESE FEATURES ARE AVAILABLE IN IDBI BANK FOR FREE BUT UNFORTUNATELY WE DONT HAVE THE CHOICE

MODS please move it to appropriate section if its in wrong section
 
1less or no min. balance

-most salary accounts have this feature

2Net banking

-All banks have it now

3zero fee for NEFT transactions

4SMS alert

-Again, all decent banks provide this

5no fee for accessing any ATM [specially SBI]

-5 transactions/month on non bank ATM's are now available on all banks

6Visa/Master card [debit]

-Another very common feature

7no fee for depositing cash anywhere in india

Check out 1,3,7 with HDFC and open it there if satisfied

only -ve is that they charge Rs 500 for closing the account, but these bigger banks are usually better in terms of service

HDFC>AXIS>YES in general
 
OUT OF ALL THIS BANKS,i USED ALL OF THEM BUT I PREFER AXIS BANK.

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axis gives service as good as hdfc even better than hdfc and charges are reasonable than hdfc.

axis gives you option of reversal of aqb fees but hdfc charges 500 rs per month if you dont maintain aqb.

--- Updated Post - Automerged ---

i have axis ,hdfc and sbi accounts.

out of all on basis of service i prefer axis and sbi.

I am going to close hdfc as soon as possible,

read yesterday,HDFC charges are highest for even closing your own saving account.no matter how much you maintain as your balance.

they charge 500 rs for account closure also.
 
also, if your brother has a credit card with any of these banks, donr make an account with the same bank

basically dont make a CC and Savings account with the same bank
 
mehrotra.akash said:
also, if your brother has a credit card with any of these banks, donr make an account with the same bank

basically dont make a CC and Savings account with the same bank
Click to expand...

Care to explain why? Whats the harm in that?
 
I had AXIS , they are good and covers almost all feature you need.

less or no min. balance - zero balance
Net banking - yes, w/o any charges.
zero fee for NEFT transactions
SMS alert - yes.you have to subscribe for it.Not pre-activated
no fee for accessing any ATM [specially SBI] - unlimted no. of transaction at any ATM.
Visa/Master card [debit] - VISA is available.
no fee for depositing cash anywhere in india - 3 free deposits in a quarter,anywhere in India.

PS : Would urge you not to go for HDFC. They are the worst pvt. bank i have ever seen. Worst service
 
AXIS is the best when compared to HDFC & ICICI

ess or no min. balance - For saving account 5K min. balance , 10k for HDFC&ICICI afaik , on salary account its free

Net banking - axis bank has the most secure NB site but will be

zero fee for NEFT transactions - earlier it was free , now axis bank also charges Rs5 but NEFT account addition is instant , In HDFC it takes 1day

SMS alert - instant alerts on HDFC , not sure about axis

no fee for accessing any ATM [specially SBI] - you have to GOLD debit cards from both of these banks which comes at a premium 500rs+/yr

Visa/Master card [debit]

no fee for depositing cash anywhere in india - only few trans. are free per quarter from the base branch
 
thanks every one for the valuable info and comments .... i would go with AXIS bank now

P.S. there is no restriction on salaried or saving account as such

actually my brother have an old salaried acc. in axis bank from mumbai but when we tried to activate netbanking they said its already activated but they always failed to help me use NEFT or even debit card for online shopping

Is there anything that can be done with this account
 
HSBC is great for netbanking, but their physical banks are not as abundant as other banks in the country. However in last 7.5 years I had account with HSBC, I never have had to visit a physical bank for anything.
 
You can try for Citi Bank , if you have a choice.

Found it better than AXIS.

Maestro debit card SECURED by your 4 digit PIN.
 
yesterday I got offered their priority banking of axis bank.
Is it worth guys?
they jyst asking for AQB of 55000.
thats their anyways.
they giving free demat account and 10 accounts which has zero AQB and all those bells and whistles.
free demand draft,free lounge access and better rates on forex card.(something which i need for next few yrs.)

anyone using their priority banking.?
 
kartikoli said:
zero fee for NEFT transactions

SMS alert

no fee for accessing any ATM [specially SBI]

no fee for depositing cash anywhere in india
Click to expand...

NEFT transaction FEE are there >> if you have account with HDFC & transfer via NEFT to OTHER than HDFC Bank

SMS alert for payment or receipt >> There is minimum threshold if amount cross it than only.

No Fee if you use other ATM - 3 time- in a month over it there is charge

no fee for depositing cash anywhere in india >> bankers too not sure about same (they said "If RBI proposed fees for such transactions than yes fees is there if not than don't worry" :( ) there is charge if you deposit from other bank branch (other than with whom you don't have account)

PS: Please correct me if I'm wrong with above answers.

HTH
 
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