traditional indian banks are a total joke!
Seriously, why do we still put up with traditional banks in India? I just spent an hour on hold trying to get a simple question answered about my account. And don’t get me started on their fees! I’m sick of paying for services that should be free. UPI and neobanks are killing it while these dinosaurs are stuck in the past.
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just reliability. i don't see myself running important business-y payments via a neobank.
what's your question.... maybe, someone here might have an answer
The traditional banks that you are sick off, have a minimum balance of 5K. those neobanks that are killing these dinosaurs have 30K minimum balance if one doesnt have salary account.
Once i did not close my account as my salary account moved to a different bank when i changed jobs. Two months without meeting their minimum balance, i was charged 1500rs. Since i had no balance my account was at -1500. so i had to close the account after paying 1500.
I am fine with gvmt employees taking 1hr lunch, am fine with going from counter to counter to get anything done. They atleast do not cheat me like these awesome neobanks with their satellite technology.