Which bank to open an account in?

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I'll be getting an Orange account in ING Vysya.
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Good.

BTW, stay away from ICICI buggers... I am repenting d decision to open an account with them. Just before a few days they charged me 397 INR(or is it 297?) for a silly mistake. (a bounced cheque.) :(
 
SBI, has all facilities that other banks provide, online Internet Banking etc...etc... whatever... will not have any hidden charges for transactions etc... huge number of ATM's and can withdraw from Any ATM of any bank.... dealing with govt employees can be pain, but again, how often do we actually go to the bank after netbanking is activated...
 
Renegade said:
HDFC wont allow cash deposits to 3rd party accounts.

HDFC gives you free facility to create virtual credit cards which expire in 24 hours if not used. These cards can be used only once. Also you select the maximum amount that can be charged on that card. So you can shop online without any worries.
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Therse are the single most reason each for which i hate and love HDFC at the same time.

Also they do allow 3rd party deposit in salary or corporate a/c's but they charge Rs 113/event !!! Geeezzzzzzz..........:@
 
ashu_dps said:
Also they do allow 3rd party deposit in salary or corporate a/c's but they charge Rs 113/event !!! Geeezzzzzzz..........:@
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Thats the reason

Third party cash transactions at non-home branches through teller counters 100 rs upto 10k a day(taxes extra).....free for home branches....

now what does this non-home and home stuff mean???
 
magnet said:
Thats the reason

Third party cash transactions at non-home branches through teller counters 100 rs upto 10k a day(taxes extra).....free for home branches....

now what does this non-home and home stuff mean???
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Home branch is the one where you have your account. Non-home will be all other HDFC branches.
 
rockfella said:
1) ICICI for maximum ATMs and wider network FTW!

2) Citibank for excellent online banking FTW!
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Arya said:
go with ICICI....

  • their netbanking has lots of feature.
  • they provide a mobile app using which I can do transfers, no need to have a PC all the time
  • Lots of ATMs compared to HDFC or sheeteebank.
  • CITIBank is better for paying bills.
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sydras said:
Since you are starting out, ICICI would be good as the no.of ATMs in the city is large. So, you can withdraw money easily from multiple locations when you want to. But ICICI is bad in many aspects. Few I can think of are 10K minimum balance(this might not be a problem if you take a salary account but you have to inform them of this), poorest fixed deposit rates offered, poor service at branches due to too many customers, cannot do instant cash deposit(they have some stupid procedure wherein they collect cash from everyone and deposit it at the end of the day if there are too many customers), ridiculous minimum draft charge.

HDFC is a serious bank for both transacting and saving. They offer good FD interest. Their staff is more knowledgeable than ICICI. Some bad points are that you have to keep visiting the branch for silly things like enabling third party transfer(transfer funds online from one bank to another) and getting some problems solved. But, problems are usually solved with one visit to the branch.

They recently screwed up with their online banking by offering 1 day delay for your online transfers(both ICICI and Citibank use a much better system of SMSing and authentication code to your mobile) but they might have changed this.

I would recommend a Savings Max account. You have to maintain 25K in that account but you can issue at par cheques(i.e. no charges for cheques cashed in another town/state.). Also drafts upto 2L per day are free. This is a boon especially if you have to deal in large amounts where these charges come to the tune of thousands. I think Kotak also offers this with lesser minimum balance (you might want to check this).

Also, inter bank transfer from ICICI to HDFC and vice versa is fast i.e it happens on the same day(I guess they have some understanding.) in my experience. I would suggest to get two accounts from both banks. Anyway, you will do this in due time :D .
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Rahulrulez said:
ICICI, HDFC +1...

I am using ICICI since long time... my yearly overall transactions are nearly of 1 Crore [Dad and mine].. So no problems with account yet...
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Here's something for u peeps: http://www.techenclave.com/general-talk/nearly-missed-heart-attack-115126.html

Poor soul missed a heart attack it appears; :rofl:
 
Nikhil said:
Ok. Spoke to the 'boss'.

I'll be getting an Orange account in ING Vysya.
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Open in ICICI man...its better than all. easiest in terms of transaction. Look at TE market. maximum online transactions take place with ICICI netbanking.

Will help you when upgrading. And yeah KMD accepts ICICI payments :D
 
Arya said:
Open in ICICI man...its better than all. easiest in terms of transaction. Look at TE market. maximum online transactions take place with ICICI netbanking.

Will help you when upgrading. And yeah KMD accepts ICICI payments :D
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Just being used widely.. doesnt mean it is better..... probably better options are not available ..as of now ...:ohyeah:
 
idea said:
Just being used widely.. doesnt mean it is better..... probably better options are not available ..as of now ...:ohyeah:
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Its isolated incident. Me and my brothers use CITI/ICICI/HDFC/HSBC/KOTAK/SBI/CBI etc....

ICICI has been best for us...smoothest transaction experience.

Maybe I'm biased :P
 
Arya said:
Its isolated incident. Me and my brothers use CITI/ICICI/HDFC/HSBC/KOTAK/SBI/CBI etc....

ICICI has been best for us...smoothest transaction experience.

Maybe I'm biased :P
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:) This is just one of the experience... got many to share.. :no: they just dont want to give up...

Really know icici inside out.... oh did mention ... i am ex employee of icici.:no: . also a private banking customer with them ...:bleh:
 
Renegade said:
I would recommend HDFC over ICICI eyes closed if you cant afford a credit card or are afraid to use a credit card. HDFC gives you free facility to create virtual credit cards which expire in 24 hours if not used. These cards can be used only once. Also you select the maximum amount that can be charged on that card. So you can shop online without any worries. You may not need it now but am sure you will need it eventually.
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ICICI s new b2 savings account has this feature.

ICICI Bank
 
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