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

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  • August 6, 2014 at 12:50 pm #46707
    Sameer Kapoor
    Participant

    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?

    August 7, 2014 at 8:02 pm #46708
    samkapoor77
    Keymaster

    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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