IDFC FIRST Bank

[pranav sharma]

They think by doing this they can complete hdfc icici lol, just take their cc and use offers till they last and say bye bye, rbl, bandhan,indusland, federal bank are better

 

[mhsabir]

I wonder how long before even the others in the above list come down. I expect all the big guns to drop to 2 or 2.5 as well.

 

[Sushubh]

we are clearly heading that way. probably would end up like in usa where there would be no interest at all eventually.

 

[mhsabir]

Right. But at the same time inflation is not that much comparatively. And I know people holding credit cards at 8% p.a. interest and home loans etc are also cheaper. Here I see these guys increase rate from 35% to 40% and what not. I guess its all because of too many NPAs.

 

[Sushubh]

Corona is a good excuse to squeeze the middle class out.

 

[pranav sharma]

but india is developing nation here people take loans for business at higher interest , this corona time has hit hard to idunstry no one is lending from them all money is stuck with idfc so they are not able to handle

 

[Sushubh]

not sure why but idfc would not let me transfer more than 25K through upi. crazy shit. they also added a super annoying captcha on their web login page.

 

[varkey]

Yeah their UPI per transaction limit is 25k, it's a bit annoying.

 

[pranav sharma]

not sure why but idfc would not let me transfer more than 25K through upi. crazy shit. they also added a super annoying captcha on their web login page.

better to use neft

 

[varkey]

UPI is instant, NEFT is not.

And for NEFT, you have to add payee with account number etc which is annoying. UPI is convenient, but the lower limits is a bit irritating. Perhaps they can allow a higher limit with an additional factor auth, maybe OTP or something.