Which Saving Bank account is the best

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.

Kendall Taye

Paytm

8 months ago

IDFC

Blair Olive

Amazon

8 months ago

Please share some benefits

Blair Denver

Paytm

8 months ago

Good support and app/website is also good. Iirc, the interest rate on savings and FD is also good. Atleast it was a couple of years back when my family created an account

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Kendall Carmden

Stealth

8 months ago

Ummm.. I may be wrong, but in most likelihood, your account hasn't been blocked for the reasons mentioned. It's a very high chance that your account was blocked due to AML (anti money laundering) guidelines and FRM (Financial Risk Management) guidelines. Sometimes, even innocent accounts get blocked by CBS (central banking systems) and the banks are not a liberty to disclose the actual reason for the block. Repeating the KYC is a solution to the problem. However, banks themselves have very little to play a role here. It's all managed by external agencies.