https://www.desidime.com/comments/permalink/10111850
Get Wallet UPI, its way better than payments bank xD
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https://www.desidime.com/comments/permalink/10112328
Wallet UPI is the Worst, Especially Amazon. Once i paid 3*60 = 180 instead of 60, as the first 2 transactions failed. It's been more than a Year, Never Refunded. After many many complaints, i forgot about it. I recently had an issue with CC UPI, swiggy didn't refund and Cred Didn't help, so i took the help of the bank. In the case of Wallet UPI failed transaction, Complete Control is in the hands of Amazon, which is risky.
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https://www.desidime.com/comments/permalink/10112220
If your sole purpose is UPI, then follow @DEEPANGEORGE's advice, no need for a full bank account. Amazon Wallet is a good option, since in sometime, you'll be able to link wallets in any other UPI app just like a bank account
If you need more, then I'd suggest AU Bank which isn't a payments bank but is the most similar in functioning. Apart from Paytm, most payments bank are half baked.
https://www.desidime.com/comments/permalink/10112225
JIO PAYMENT BANK.
* video kyc , open acc in 5 min
* free rupay platinum debit card(ltf)
* no sms charge
https://www.desidime.com/comments/permalink/10112331
Indusind Indie APP, Instantly get a virtual debt card and zero balance account. No charges at all.
https://www.desidime.com/comments/permalink/10112973
There is no free lunch in finance sector. Even if some companies offer free lunch, either they take away y/our privacy or the free lunch is temporary. A company can not run a finance business with zero fees. For example, even to send an SMS or (even email), it costs some penny. Every UPI transaction requires some CPU/server resource. How can they compensate for such expenses?!
RBI can only dictate certain "free" terms such as free NEFT, free ATM usage for certain number of withdrawals, free p2p UPI, etc. To compensate for those free services, a finance business needs alternative streams of income.
https://www.desidime.com/comments/permalink/10113448
So the best game is trying to take the maximum pie of the things with huge balance bank account or FD linked account xD, thats what many people who are knowledgeable in this do to avoid costs and indirectly pushing those costs to OTHER basic savings account holders sadly, who just maintains average maintenance balance and gets to pay all the charges sadly
The ones who maintain heavy balance OR huge FD or huge calculated investments , always gets free stuffs in Finance world:)
There is free lunch only for people who HAS LOTS OF MONEY (provided if these people know where to invest)
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Get Wallet UPI, its way better than payments bank xD
Get Wallet UPI, its way better than payments bank xD
Wallet UPI is the Worst, Especially Amazon. Once i paid 3*60 = 180 instead of 60, as the first 2 transactions failed. It's been more than a Year, Never Refunded. After many many complaints, i forgot about it. I recently had an issue with CC UPI, swiggy didn't refund and Cred Didn't help, so i took the help of the bank. In the case of Wallet UPI failed transaction, Complete Control is in the hands of Amazon, which is risky.