I looking forward to get a HDFC/Kotak "Savings" Account . I want some of the users of these banks to kindly share their experiences. I primarily need the account for : #1. Net Banking and Easy Online Funds Transfer. #2. Generate VCCs ( is HDFC working ? ) , for adding funds to my paypal and pay for my hosting. #3. I plan to use SBI ATMs as well , so can u highlight the usage of HDFC/Kotak charges for SBI ATM ? #4. In case of Kotak , No Frills Acc ( MQB=100) supports #1 and #2 ? Thank You for ur valuable Time.
Hi Xinix , As far as I know HDFC Netbanking is great and doing good. They support online transfers very easily. I have not experienced any delay as such with them. Their VCC created from Netsafe were working with Paypal till November I think. So I guess yes they will work but make sure you get a Visa Debit card. For Using SBI ATM at the moment you need to have at least Rs 25,000 in each bank and you will be using them free of cost for unlimited transactions if you have an AQB of Rs 10K then you get around 3-6 transactions in each bank. Depends upon the card as well. I have HDFC bank account, used Netsafe and online money transfers. I have Gold Debit Card and Gold Credit Card from HDFC bank , and I can transact freely 5 times with my debit card in SBI or any other bank's atm. Fees for Visa Gold Debit Card is Rs 500 per year. I guess you will not get Internet Banking and Generation of VCC in No Frills account. You can directly go and ask bank.
HDFC is the no.1 private bank in India.....but this is not to run down Kotak bank. Both are good...it is just that HDFC has wider presence and longer track record. Regards, RightMan
well, some one confirmed in another thread. i am going for HDFC .. may be infuture i may even get a kotak account. Thanks for ur Great Response Guys.