Savings account

[jainayush1040]

I was planning to open a savings account with Unity Small Finance Bank obviously for the sake of interest rates.

But like anyone else, I'm quite susceptive about new SFBs popping up. Is it really safe?

Review for any SFB would be appreciated.

 

[TaxWiser]

I was planning to open a savings account with Unity Small Finance Bank obviously for the sake of interest rates.

But like anyone else, I'm quite susceptive about new SFBs popping up. Is it really safe?

Review for any SFB would be appreciated.

For FDs(Principle + Interest = ₹500000 : DICGC Secured), you should consider checking out SFBs through platforms like Stable Money, Smallcase, Airtel app, Ind Money etc.

But When it comes to Savings Accounts, I’d suggest going with conventional PSU and private banks like SBI, HDFC, ICICI, Axis etc. because Savings/ Salary Accounts are super important steps in managing your finances effectively.

 

[jainayush1040]

For FDs(Principle + Interest = ₹500000 : DICGC Secured), you should consider checking out SFBs through platforms like Stable Money, Smallcase, Airtel app, Ind Money etc.

But When it comes to Savings Accounts, I’d suggest going with conventional PSU and private banks like SBI, HDFC, ICICI, Axis etc. because Savings/ Salary Accounts are super important steps in managing your finances effectively.

Thankyou!!

 

[zacobite]

I was planning to open a savings account with Unity Small Finance Bank obviously for the sake of interest rates.

But like anyone else, I'm quite susceptive about new SFBs popping up. Is it really safe?

Review for any SFB would be appreciated.

avoid sfb.. gains are not significant enough..

 

[cardy]

Upto 5L including interest can be used for FD purposes.
Personally I prefer having physical account relationship with banks. So Fintech FDS I have low trust, since they change their terms and conditions every now and then.
Open account only if you have a physical branch available in your locality.