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@extiff Alright. I'm happy with ICICI Bank tbh(haven't had to visit the bank yet), just want a secondary account to control my expenditure/finances.

@extiff They have a minimum balance of 25k which is the only con I can see right now. Apart from that not really sure. I filled the form yesterday evening to create a savings account but haven't received any mail, etc as a confirmation, so not sure if that's fine. No one from the bank has...

@extiff Hey, which savings account is better - Savings Max Account or regular savings? what are the cons of savings max?

@henry_ I have an ICICI Bank salary account and want to open a new bank account for savings. Anyone who has been using HDFC Bank or any other Bank, can you give any advice on this?

@seckel https://www.livemint.com/money/personal-finance/sbi-small-cap-fund-to-stop-lump-sum-investment-from-7-september-11599215987377.html

@resjudicata It is mandated that these funds should invest a minimum of 65% in small caps. So, even if the opportunity isn't there, they'll be forced to invest in it and thus giving worse risk adjusted returns. If AUM, increases that's another problem for them. But you gotta make a portfolio...

@tiffy209 Yes, I'm aware of that. Just wanted to convey that if I want a flexi cap fund, I'd like it to have a decent portion in small and mid cap as well, else what's the point of having a flexi cap. The allocation depends on the fund manager, agreed but with high AUM, flexi cap funds generally...

@xsmbchunhat If your aum is ₹100, and the small cap company's market cap is ₹10, you can't really invest in it. If they want to have a 5% weight of their total aum, they will have to invest 5cr in the company, which would be 50% of the company's ownership, which is not ideal. The MF will no...

@xsmbchunhat Funds with large aum wouldn't be able to invest in a lot of small and mid cap companies. This is a key to performance potential of flexi cap funds IMO.

@runestar Will think about this, just a bit reluctant since it's a govt Bank.

@runestar Apart from the 25k min balance, any idea if there's something else wrong with it? I'll be using it just to put my savings in it. I use a separate account for expenses.

@runestar This is actually weird. The debit card for the savings maximiser account is free though. Why not opt for that instead? If 25k Min balance is not a problem.

@yuliza I think you don't get a free debit card with regular savings account?

@henry_ Planning to open HDFC savings account. Should I opt for savings Max account or regular savings account? In regular savings account would I get a debit card free of cost? Savings Max account has lifetime free platinum debit card, is that a good deal? Edit: Also, how long would it take...

@kiddoleknocker Will check with mine. Don't think they do. Can you tell me, what exactly should I ask the HR?

@kiddoleknocker I replied to your point second point. First point is valid, that's not considered. I don't think everyone has the option to opt for that though, right?

@kiddoleknocker This is what the post was about actually. That's why OP has taken lower contribution for index vs NPS (30% lower). Also, it's taken for the highest tax slab.