Which Bank To Prefer For Online Money Transfer ?

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Some not so popular banks also give free NEFTs. I have an account with City Union Bank and they give unlimited NEFT for free!
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Thanks for guys for helping me

I am having just one query it is compulsory to keep minimum 10k amount for NEFT transfer ??
 
divyesh2129 said:
Thanks for guys for helping me

I am having just one query it is compulsory to keep minimum 10k amount for NEFT transfer ??
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Minimum balance depends on the bank and the kind of account.

ICICI B2B has min balance 0, whereas HDFC savings account min balance is 10K
 
divyesh2129 said:
Thanks for guys for helping me I am having just one query it is compulsory to keep minimum 10k amount for NEFT transfer ??
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It is not compulsary to maintain Rs.10K as Min balance for NEFT txn, however most Pvt. Sector banks like ICICI, HDFC have a min AQB condition that Rs.10K must be maintained in a savings account.

HDFC have a No-Frills Account facility where you can have a 0 Balance account, but condition is you must not have any bank account anywhere else in India, you get Online Banking facility too, but a No Frills acccount for ICICI bank does not have Online Banking facility for it, however you can go for B2 Banking from ICICI.

Lastly for good overall & probably your first bank account, you must get SBI, its reliable & much better than rest of banks, its Online Banking facility is also excellent & secure, just addition of Beneficiary (i.e Adding a new account for funds transfer takes) a while 6-8 hrs for confirmation. Overall SBI is an All Rounder in Banking Sector.
 
SBI.... min balance limit is 1000 (with cheque-book) and 500 (without cheque-book).... and as i have experienced it has more user friendly and attractive website...
 
rkb said:
SBI.... min balance limit is 1000 (with cheque-book) and 500 (without cheque-book).... and as i have experienced it has more user friendly and attractive website...
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I seriously think that you should visit other banks website.

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There is no match for online services of citi I have been with them since 8 years
 
i had opened zero balance non salaried normal icici saving account i.e. with all online banking, cheque book, ATM/ debit card probably 4 yrs ago.

There was a scheme going on that time (may be valid now also). i.e. On opening sharekhan demat account, one get this zero balance icici account free
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. So i had subscribed to sharekhan only on this condition and never used it (sharekhan account i mean).

And online NEFT transfers are free too in this account ( shall confirm again)
 
^ Interesting, but what's the catch, their normal savings account requires

Minimum account opening cheque of Rs. 3 lakhs required (Minimum Relationship value of Rs. 3 lakhs).
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#agantuk

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#varkey, I know their regular savings account requires the 3lac cheque. But this is a different account. They have also introduced a Citibanking Account which requires a 2 lac savings. The No Frills doesn't require any of that.

The main 'catch' is that you don't get a Relationship Manager. Not a big downer I feel
 
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