My friend moved to Bangalore for his new job in a start-up. The start-up did not have any tie-ups with banks to open zero-balance salary accounts for its employees.
He was asked to open a savings bank account in a bank of his choice for crediting his monthly salary.
He wanted to open an account with ICICI or HDFC but they said that he needs to maintain a minimum of 10,000 INR in his account. His salary was not very high so he was unsure whether he would be able to maintain this balance.
He wanted to avoid PSU banks like SBI or Canara because he wanted to experience good customer service, offers on debit cards, and the latest technology-enabled banking.
I suggested him to open an account with RBL because they offer one of the best interest rates and are giving good competition to premium banks in terms of services and offers.
I did