I had a corporate salary account with HDFC. Once I move out of my company, new company is not tied up with HDFC. They asked me to open an account with Citi Bank and I have my salary credited to Citi.When you open a salary credit account with HDFC they told so many stories. you will have this and you will have that benefits.
Once the salary is not getting credited they will simply deduct 100 Rs+ ST as annual charge for using their debit card(Even if you dont use).They changed the minimum balance to 10000 Rs. Note: If your salary is credited you can maintain 0 balance.
If you buy some mutual funds using HDFC bank they started charging 100Rs+ ST for every quarter.In the present market condition who ever have invested are already in loss. If these guys have not brainwashed and asked us to deposit we would have put that in Postal Bonds, by this time it would have doubled. They know the way to sell their products. but we without thinking will go and deposit and now they start charging for everything.
To reduce their postage charges they used to advertise get it as ebill. Save world. Show that we are saving globe. Changing to green. But when they impose some charges they should have sent email to the ebill customers right. they didnot do that. only for promotions and sending statements they use to send emails.
If people are not seeing the charges no one knows this problem.
Once they have deducted ST twice. Then I raised a complaint and they reverted it.6. Who knows if these deducted service taxes are directly deposited to government or not.They can earn so much of money in not depositing the ST itself.
Please go for Government banks. They dont cheat you. You can do something for government instead of going for private banks.
So dont open salary account.