Bank account Mega Thread: Which bank accounts do you have and what do you use it for?

How many bank accounts you have and why? Any bank accounts just for FD with high interest rates? What’s your take on this? Noob here. Thanks in advance.

Thread to discuss credit cards what all basic, specific and premium cards you hold and what are your credit limit on that card.

Hi, I’m looking for an saving bank account to open online without need to go bank offline. This is just to park some money for sometime, as if it’s main account I just keep spending it. Main purpose is only to park some time and then once I get some lumpsum saved, around ~4/5L, will use it for any investment or need spend at that time. My main account currently which I use is Kotak and ICICI and I had used HDFC some years before but not using now. So I’m looking for some other bank account or the new age neo banks etc kind off with better return / rewards or offers but the core not to visit any bank offline for any purpose. Thanks

What account did you choose to get your salary in and why?

Seen enough posts about credit cards, thought it was time to ask about banks! I have a decently sizeable income and am anticipating more coming in USD in the coming months potentially. Earlier my family and I used to have priority accounts at Citibank (including one current account). Citi had good relationship managers and our issues were resolved on priority but ever since the merger, I feel Axis hasn't been that good. Which bank accounts do y'all have accounts in? Would want a bank where can establish good priority relationships etc with!

It's been close to a year since I am earning a salary and this is what I do: 1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip) 2. Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF. 3. A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity. 4. An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years) Tips from experienced folks will be much appreciated.😄

As u guys know only 5L is insured, I want to know how much you’re comfortable keeping in account? Maybe someone’s living expense could be 10L a year and they are okay with keeping that as emergency fund liquid, just an instance. But given the kinds of scams and stuff that go on in wild, what is a good formula or number of Lacs to keep in bank account? Maybe u have several accounts for different purpose and u divide it? Please share your views.