1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Best Indian Bank for NetBanking and Use with Online Payment Processors

Discussion in 'Payment Processing' started by krazy4u, Aug 8, 2010.

  1. #1
    i want to get myself a new bank account and am from South India. can someone plz guide me as to which bank to open an account with. am a student and i prefer an account with min balance less than 1000INR. which is the best indian bank for use with pp, mb, etc and also has good netbanking support? i want make a decision today itself. hope to see some good replies :)
    SEMrush
     
    krazy4u, Aug 8, 2010 IP
    SEMrush
  2. RightMan

    RightMan Notable Member

    Messages:
    8,300
    Likes Received:
    450
    Best Answers:
    0
    Trophy Points:
    205
    #2
    I guess only public sector banks like SBI will be able to offer you an account with minimum balance of INR 1000 as private sector banks like HDFC/ICICI would require a new person to have minimum INR 10000 as balance to open a new account! :(

    Regards,

    RightMan
     
    RightMan, Aug 9, 2010 IP
  3. Sectrix2007

    Sectrix2007 Member

    Messages:
    26
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    36
    #3
    SBI or PNB
     
    Sectrix2007, Aug 9, 2010 IP
  4. krazy4u

    krazy4u Peon

    Messages:
    15
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #4
    what about SBT or SIB?

    i enquired in SBI and they are asking for lots of paper works... is it worth it? or should i just go with SIB?
     
    krazy4u, Aug 9, 2010 IP
  5. niralimarwadi

    niralimarwadi Peon

    Messages:
    742
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    0
    #5
    ICICI has the best services.
     
    niralimarwadi, Aug 9, 2010 IP
  6. RightMan

    RightMan Notable Member

    Messages:
    8,300
    Likes Received:
    450
    Best Answers:
    0
    Trophy Points:
    205
    #6
    South Indian Bank is good as well and if it has a branch near you... then no harm in going for it as well.

    Regards,

    RightMan
     
    RightMan, Aug 9, 2010 IP
  7. fundu

    fundu Well-Known Member

    Messages:
    1,230
    Likes Received:
    68
    Best Answers:
    0
    Trophy Points:
    185
    Digital Goods:
    2
    #7
    I'd recommend you to go for SBI. The paperwork is more compared to any other bank, but its worth it.
     
    fundu, Aug 9, 2010 IP
    psharma likes this.
  8. extremephp

    extremephp Peon

    Messages:
    1,290
    Likes Received:
    32
    Best Answers:
    0
    Trophy Points:
    0
    #8
    ICICI needs 5K Minimum Balance! I just enquired it before a week to start one myself :D But i actually use SBT now! Rs 500 is the minimum balance :)

    ~Exp~
     
    extremephp, Aug 9, 2010 IP
  9. RightMan

    RightMan Notable Member

    Messages:
    8,300
    Likes Received:
    450
    Best Answers:
    0
    Trophy Points:
    205
    #9
    What is SBT? If you are referring to 'State Bank Of Travancore', I guess all subsidiaries of SBI are already merged with it!

    Regards,

    RightMan
     
    RightMan, Aug 9, 2010 IP
  10. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

    Messages:
    25,461
    Likes Received:
    1,938
    Best Answers:
    32
    Trophy Points:
    480
    #10
    Go with SBI or BOB or PNB or Corporation Bank etc.... as all comes with minimum balance of 1000 Rs. and with netbanking facility.

    DON.
     
    deluxdon, Aug 9, 2010 IP
    psharma likes this.
  11. Red_Virus

    Red_Virus Well-Known Member

    Messages:
    3,757
    Likes Received:
    249
    Best Answers:
    0
    Trophy Points:
    135
    #11
    ICICI is the BEST, then I would rate HDFC and BOI (they are equally good too).
     
    Red_Virus, Aug 10, 2010 IP
  12. COBSolutions

    COBSolutions Well-Known Member

    Messages:
    2,380
    Likes Received:
    65
    Best Answers:
    0
    Trophy Points:
    140
    #12
    I have tried many nationalised banks and then have shifted to private banks, as far as nationalised banks are concerned, they are great as long as you dont need any support (that is, if your netbanking all is set up and working properly), if a problem arises then they will not be able to address your issues due to ignorance. Private banks on the contrary are very helpful and at least try to sort out the issues. If you ask me go with AXIS Bank, their netbanking system is one of the best in the industry and they even offer credit cards once you have a good standing savings bank or current account for some time with them and that is immensely helpful when you need to deal with paypal.
     
    COBSolutions, Aug 10, 2010 IP
    psharma likes this.
  13. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

    Messages:
    25,461
    Likes Received:
    1,938
    Best Answers:
    32
    Trophy Points:
    480
    #13
    Agree with you on this but OP is looking for a bank account with a minimum balance of 1000 INR.

    DON.
     
    deluxdon, Aug 10, 2010 IP
  14. gsv13

    gsv13 Well-Known Member

    Messages:
    2,775
    Likes Received:
    114
    Best Answers:
    0
    Trophy Points:
    130
    #14
    Get an account in Corp Bank. Best netbanking I have used for now.... even better than Hdfc Bank I use.
    Free Neft upto 50k per day, no TPT registration, no bill payment registration

    Min balance is same 1000 in urban or 500 in metro.
     
    gsv13, Aug 10, 2010 IP
  15. nitinleew

    nitinleew Well-Known Member

    Messages:
    4,533
    Likes Received:
    271
    Best Answers:
    1
    Trophy Points:
    165
    #15
    Less than 1000INR?You can try SBI or PNB.:)
     
    nitinleew, Aug 10, 2010 IP
  16. krazy4u

    krazy4u Peon

    Messages:
    15
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #16
    i just opened a savings account with SBI. got the netbanking account instantly and will get ATM/Debit card within 15days! Min balance just Rs.550. if i opted for cheque book, min bal is Rs.1100 and i would have got the debit card too instantly! great service i would say

    i appreciate all the help.. i want to open one more account, as i want to use two paypal accounts.

    how is Bank of India?
     
    Last edited: Aug 10, 2010
    krazy4u, Aug 10, 2010 IP
  17. RightMan

    RightMan Notable Member

    Messages:
    8,300
    Likes Received:
    450
    Best Answers:
    0
    Trophy Points:
    205
    #17
    SBI is the leader in the public sector and rest all are more or less the same in their reach and service quality. I would suggest you to bank with one which has a branch near you and good staff! :)

    Regards,

    RightMan
     
    RightMan, Aug 10, 2010 IP
  18. Red_Virus

    Red_Virus Well-Known Member

    Messages:
    3,757
    Likes Received:
    249
    Best Answers:
    0
    Trophy Points:
    135
    #18
    I just gave up on SBI trying to open up a BANK account for 3 days and the staff at the SBI bank near my home is really pathetic when it comes to service.

     
    Red_Virus, Aug 10, 2010 IP
  19. RightMan

    RightMan Notable Member

    Messages:
    8,300
    Likes Received:
    450
    Best Answers:
    0
    Trophy Points:
    205
    #19
    This is a given.... particularly when the branch is overloaded with more accounts and less staff. I have been lucky in that sense since I have two SBI branch located near my residence and since their work is divided, the support staff is excellent! :)

    Regards,

    RightMan
     
    RightMan, Aug 10, 2010 IP
  20. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

    Messages:
    25,461
    Likes Received:
    1,938
    Best Answers:
    32
    Trophy Points:
    480
    #20
    I have been more lucky in that since i have three SBI branch near my home :) I agree with you that their staff support is really good.

    DON.
     
    deluxdon, Aug 10, 2010 IP