Bank of Baroda has charges now on NEFT for Savings Acc.

[Sushubh]

Best to check charges information for the banks in your locality! Though if they are violating rbi guidelines, maybe complaining to rbi ombudsman might be a good idea.

I have like 15 banks in my local market so moving to a different bank is always an option. I enjoyed idfc for around six months. But dumped it when they reduced their interest to 4% after kbc ended where they kept on promoting 7% interest on savings account lol.

I have a lot of issues with indusind but it remains my preferred bank.

 

[Lolita_Magnum]

I have Kotak and HDFC for most and everyday transactions.
But living in India comes with the mentality, hence for bulk transactions/safe keeping I was using BoB.

 

[Sushubh]

If government bank is preferred, stick to SBI

 

[ishanjain28]

Just as a side note, Federal bank has also revised IMPS charges recently. https://www.federalbank.co.in/docum...b-449a-0f35-c917-385011a5d5a6?t=1709037110455

 

[anmolbhard004]

Try Punjab National Bank or Bank Of India.

 

[minuteman]

Dumb BOB and take SBI even imps is free on SBI if you need a govt bank

 

[Sushubh]

SBI is also zero minimum balance now right? or was there some loophole in their announcement?

 

[unnecessary]

Yes it's 0.

 

[Sushubh]

I do dislike how annoying it is to use their website and mobile apps. OTPs for everything. And you have to remember the regular password AND profile password which I am not sure is used for what. I also couldn't find any option in either of their Yono apps to generate PDF statements. Had to use the website. Which forces password change every time I have to login for whatever reason. Last week, I couldn't find the Profile password so I had to reset it for which I required ATM Card which was expired (Dad didn't keep track of it). I barely managed to request a new debit card through the mobile app which I was able to login with pin. Card arrived this week and I was finally able to get everything reset and noted to generate a two page statement dad needed. Must have entered 20 OTPs during the whole ordeal. I mean one OTP should at least be valid for the current session but nope. Anyways. I am sure most banks are like this only. Yes Bank website is the same.

 

[unnecessary]

NEFT records 4.1 cr transactions on Feb 29, highest single-day volume

The NEFT recorded its highest ever single-day transactions on February 29, with 4.10 crore transactions processed. NEFT and RTGS have seen significant growth in volume and value. NEFT operates on a 24/7 basis, 365 days a year since December 16, 2019, while RTGS achieved this from December 14...

m.economictimes.com

I don't think it's offtopic but this was published 1 hour ago and it popped on top of my chrome news feed and I instantly laughed for no reason while thinking about this thread by @Lolita_Magnum Co-Incidence? ...