Airtel Payments Bank (6% interest on deposits over 1 lakh)

mhsabir

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lol. Very straightforward strategy followed by guys like Airtel & IDFC - Promise more than anyone. - get a lot of deposits and then reduce in a matter of months.
 

Sushubh

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Takes a second to withdraw funds. Not sure what they are trying to achieve. People looking for best interest won't just keep money in their accounts.

FD is the only way to lock funds.
 

Sushubh

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I have to maintain 25K in idfc. I have no reason to stay there. Indus give 5% over 1L balance. Would move there and shut down my account.
 

Sushubh

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i am otherwise quite happy with idfc. both indus and yes have fucked up yearly statement format. idfc format is fantastic. i would love to continue with them. but i cannot dump yes or indus at the moment coz of fds and other commitments. so the options are to keep it operational with 25K stuck in it or dump it. and since the bank has shown absolutely no shame in recent months. i mean they did not even send any emails about interest drop. i find out about interest rate change from here before local branch employees. lol. it's hilarious.