Need A Financial Product Forums Bank Accounts & Deposits Should I transfer salary account from HDFC to Kotak Mahindra

This topic contains 1 reply, has 2 voices, and was last updated by  Ashu Garg 2 years, 9 months ago.

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    Ashu Garg
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    I am a classic customer for HDFC bank. I have a salary account there and I enjoy benefits like personal banker, free credit card, etc. But if I compare rate of interest for the account with Kotak Mahindra Bank, then it is less. Kotak is the only bank offering 6% and is giving similar level of other benefits. Will it be wise to shift my account from HDFC to Kotak?

    #46708

    If interest earning is the only point of shifting your bank account, then you can invest your idle funds in liquid investment opportunities. You can also invest in MFs.

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