Feb 11, 2016 11:26 AM
7202 Views
(Updated Feb 11, 2016 11:29 AM)
During 2013 IDBI was a good bank with transparency in their policy. now they are worse than private banks. when I opened my account I had no obligation of minimal balance or avg balance. and also debit card charges were free. but now the story is different IDBI is now asking for minimum 2500rs as minimum balance and card charges are also there for every year.
Moreover sms charges which were free earlier are now paid. this is unacceptable. as it lacks basic features like IMPS through net banking, very poor NEFT transfer schedule, paid services. also the default debit card issued has only 25000rs limit for purchase or cash withdrawal. compared to this other PSU banks are better with no daily balance requirement and with other charges. please go through their banking manifesto before opting for this bank as your banking partner.
According to me they have the one of the smallest atm network for a PSU bank. and only 5 transactions are free at other atm. It was going to get privatized and if that happens it would be better for customers.
I opened an account as the branch was near to my house. Banking charges and balances changed within 1 year.
no one should open account if they don't about their charges and minimum balance requirement.
Regards
Premjit
