Very underrated bank. I also recommend it

Investment Manager

Software Engineer

Why not open FD or multiple in your own bank? 
 You can also open multiple savings accounts in your  bank itself 
  
 If you want to choose other bank anyways: Choose ICICI. They have good app and service better.

Senior Consultant

I have that kind of savings account in PNB. And I make several FDs online, as of now earning 7.25% interest on it. The idea behind several FDs instead of one is to be able to break as per need without disturbing entire funds.

Software Developer

Open the bank account in SBI . Opt for flexible FD in which you can withdraw the amount anytime you want in case of emergency while earning the FD interest rate.  
 Although rate of interest is 6 to 6.5 % but it's one of the safest bank out there.

I want to open another bank account where I wish to build a significant cash position (with about 5 months of my salary). I will use that money incase of emergencies or if I need a lot of cash, so ...

Welcome to Personal Finance's Private Community

I want to open another bank account where I wish to build a significant cash position (with about 5 months of my salary). I will use that money incase of emergencies or if I need a lot of cash, so that I don't have to exit any stock positions or mutual funds if I suddenly need money. The corpus will be created over time ofc. 
I wanted to know which is a good bank to go ahead with? 
I don't have a problem with a non zero balance account, all these banks offer a shit ton of options and benefits and I am confused. 
So, good people of grapevine share your wisdom. What would be a good choice with decent benefits.

Secondary Savings account

Backend Engineer

Secondary Savings account- Grapevine

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

Which is best bank to open a online saving account ?

Consultant

Welcome to IT Company Discussion's Private Community

So, I just tried to access my SBI account and whaddya know? It's BLOCKED! Apparently, my KYC needs updating, which is fine, except SBI DIDN'T TELL ME! No email, no SMS, no little pop-up warning - nothing.  Just a big, fat "Account Blocked" message.  Thanks, SBI.

This whole KYC thing is important, I get it. But come on, a little heads-up would have been nice!  Anyway, now I gotta scramble to get my account reactivated.  Ugh.

Speaking of banks, this whole ordeal has me thinking about switching.  Being a salaried person, I need a good savings account with decent features and benefits.  So, if any of you have recommendations for banks with awesome savings accounts for working folks, hit me up in the comments!

Let's all share some good bank knowledge and avoid this frustrating situation.

Which Saving Bank account is the best

Data engineer

I wanted to know which Bank will be the best to open a savings account as a college student because in that account I'll be depositing my stipends only so maybe the ones with good interest rates will be better. 
Or
Any investment advice will also work.

Thanks😀

Bank Account Suggestion

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.

Bank Accounts

This is not going to be my salary account and would love if they have a credit card that has good benefits too

Which is the best bank to open a Savings Account with right now ?

I am planning to save some % of my salary every month and go on a trip at the end of the year.

My plan is to save around 3k-5k every month apart from my usual monthly investments. 

I haven't planned anything yet so I am open to your suggestions.

Investment ideas for short term (<1yr)

Hi all , I have some 10 lacs of savings which I don't want to keep idle in the bank for obvious reasons, 
I need suggestions on where I can invest for the next couple of years with Medium risk involved.
TIA.

Investment ideas

Analyst

I have lump sum of 3.6 lakhs in my savings account. Pls suggest where to invest it.

I am thinking of 50% of lump sum invest in FD and 50% of lump sum in liquid funds.

Where to invest emergency fund

I keep my savings in a bank account with a very average annual return. Shall I start to keep my savings in a low duration Debt Fund? Not all the amount but like 50% of the savings in Debt fund and rest keep in savings account.

Where to keep my savings

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!

Best bank to have an account at?

Lawyer

I see most of the people have over 60% of their net-worth in some kind of a financial instrument. So do you plan to just take out the investment after some milestone to use it? Like how do u rotate from investment to liquid - on what condition or how often?
Like people advice to keep emergency funds worth in bank account but what about sudden big purchases, bills or so? Do u then just sell off the investment and wait for the money to hit ur bank and then proceed with the thing ?

Do you cash in ur investments often?

Thread to discuss bank accounts , type of the account and what do you use it for ?

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

Current mf portfolio (total invested = 10L) :
Axis small cap
Quant absolute
Hdfc equity savings
Axis blue chip
Sbi gold (just started)

Top performers are axis small cap and quant; also running an sip on them

Current stocks (1.3L ):
Mostly largecap (mostly in red)

The rest of the money is either in fds or in the Bank (significant amount)

I feel the equity portion of my investments is very less and I need to be a bit more aggressive on it right now since I've about 60% of my net worth in either fd or in Bank. I can probably do a 5L lump sum then an sip on the same if they continue to perform well.
Considering that please suggest some investment options

A few options I had in mind:
Us mutual funds
Chinese funds
Indian infrastructure funds
Reits

Need advice on where to invest in lumpsum

I need reliable investment options with less risk

I have 15 lakh. Where do i invest for good returns and multiplying my money

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.

[Thread] How much are you comfortable keeping in ur Bank account?

Purely investment purpose like FD, Savings, etc
Minimum balance should be zero. 
Oh also good customer service via online/phone

Secondary Savings account

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