Starting an account is super easy (only takes 10 minutes or so).
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You can update limit settings on the card live from the app/website.Their debit card is pretty awesome with so many features. But why do we care about it? What I really like about IDFC First bank is that they don’t have too many customers, while having amazing features. A recently launched bank, IDFC recently merged with Capital First and renamed them as IDFC First bank. Old Content – Now, I know a lot of you will not even know if there’s a bank like this but trust me, they are a good bank. Ugh! #FAIL /HdbbvIp27s- Mani Karthik August 14, 2019 Hey did you guys go back on this promise? Support number goes to IVR and 13 minute wait times. Here are a couple of issues customers have faced with HDFC Bank (via Twitter). Good things about HDFC bank: Choice of products, Product knowledge, Availability.īad things about HDFC bank: Customer satisfaction, Long and tedious processes. I agree that their products are good and their choices are plenty (for example, their HDFC Regalia credit card is one of the best in the market today) but their services and customer interactions are at best, merely satisfactory. In my case, it wasn’t activated and I had to chase the guy for it for weeks. I would assume any bank account started should have mobile and net banking activated proactively. To top that, activating net banking was a pain. Quite honestly, I was confused about which one is which, as none of them has names but numbers on them. For starting a current account, they convinced me that I should open savings account for me, everyone in my family and finally gave me a bunch of quick starter kits (with account info, cards, etc) for each account.
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At one point, the guy was saying that a manual process would have been a lot easier.Īlso, I found it annoying that an HDFC bank employee was trying to upsell me their insurance product (which earns them a commission) for no reason. But I was told that there were rejections on the app due to trivial reasons, like the photo not being clear, extra characters being added to fields etc. Most of the HDFCs account opening process is done on their mobile app today, which is supposed to make the whole process easy. As soon as I returned to India from the USA, I contacted the local HDFC bank for a current account (for incorporating my startup) and although the employee was more than happy and willing to help me, the entire process of starting an account was tedious and non-exciting. My experience with HDFC bank has been mixed.
Some of the stuff I and the family got when account opening with HDFC (too many). Easily accessible brick and mortar branchesīased on these features I have created a list of 10 largest banks in the country that offer all or most of the conveniences and facilities mentioned above.A great reputation for withstanding economic downturns.Here are some of the practical considerations of the modern consumer: There are many factors customers consider when deciding whether a bank is good or not. When someone decides to open a bank account, they look for some of the major features to make their banking experience blissful, while ensuring that all their hard-earned money is in safe custody. In this process, the involvement of banks has been and will be instrumental. India is making its way towards the complete digitization of financial transactions. In March 2017, Jan Dhan account holders totaled 28.17 crores, which rose 31.44% by March 2018, according to government data published by Business Today in April 2018. This was the result of the Indian government’s successful implementation of the Jan Dhan Yojana campaign that brought a large number of Indians into the formal banking system. In India, the number of adult bank account holders has significantly increased, reaching 80% in 2017, from 53% in 2014. It was found that of the 51.4 crore bank accounts opened across the world in 2014-17, a commendable 55% were in India. India has made significant progress towards financial inclusion in recent years, as recognized by the World Bank. Here is a list of the ten best banks in India. It was found that the total deposits in the Indian banks increased at a CAGR of 11.66%, while lending increased at a CAGR of 10.94%, for the financial year FY17-18. The Indian banking system consists of 21 private sector banks, 27 public sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks, and 94,384 rural cooperative banks, in addition to cooperative credit institutions as of October 2018, according to India Brand Equity Foundation (IBEF). India has a strong banking and financial sector.