Bank Account

You should definitely file a formal complaint through the Axis grievance portal first. By RBI rules, they actually have to get back to you within 10 working days. If they hesitate or don’t respond clearly, escalate the issue to the RBI’s CMS portal right away. It's complimentary and typically captures their attention quickly. Moving forward, look for banks that are transparent about their fees and don't bury 'surprise caps' in the fine print. You shouldn't have to hunt for the catch.

If keeping up with the minimum balance is getting tough, wouldn't switching to a zero-balance account be better? It seems smarter than paying penalties, especially if hidden fees eat up the "free" perks anyway.

You need to update your SBI account to access YONO business services, but for that you'll need to register your existing account for corporate internet banking through the YONO Business portal or by visiting your SBI branch. It's available for proprietors, partnerships, companies, and other registered business entities with valid KYC.

Yes, you can convert your account. It offers high transaction limits, overdraft facilities, and many other benefits.

In the future, if you close your store, simply apply for the account closure process with the bank.

Before applying for a personal loan, you should consider the following factors:

Interest rates at different banks. Loan processing time. Documents required. Loan repayment options. Any additional fees.

Almost all the banks provide a 10% to 24% interest rate on personal loans. 
Public sector banks (SBI, PNB) offer 10% to 12.95% interest rates.
Private banks (HDFC, Axis Banks) offer 10.85% to 24% interest rates.

Your monthly EMI depends on how much loan you are taking and in how much time you will repaying your loan. 
If you plan to repay your loan within a short duration, such as within 1-2 years, then a fixed interest rate could be a good option for you.
But if it takes you more than two years to repay your loan, then opt for floating. interest rate.

A valid ID proof, such as an Aadhar card, and two passport-size photographs are required. Other than PNB, you can think about SBI or Axis Bank, as both banks provide extra advantages for the students, like low MAB requirements, free debit cards, access to internet banking, and many more.

There is no need to keep this account active, as you will be required to maintain a minimum balance. You currently have two active accounts; hence, there is no need to maintain this account unnecessarily since this one will not provide any kind of advantage.

For good customer service and excellent net banking service, you can consider opening a secondary savings account at either Axis Bank, HDFC Bank, or Kotak Bank. These banks also give you the facility to maintain the minimum balance in your account.

Axis Bank , HDFC Bank offers zero-balance accounts to customers. In these banks, there is no need to maintain the minimum amount, and they have great customer service.

You can consider banks like HDFC, ICICI, Axis Bank or SBI for a savings account. These banks offer great debit card offers and rewards for online shopping.

I would suggest you consider HDFC Bank for opening a saving account. As HDFC bank is known for frequently offering discounts and offers you a great deals on Amazon, Flipkart etc.

But before selecting any bank, it’s better to do a comparison of their features, charges, online banking services and customer care services.

SBI Bank currently offers a 2.70 to 2.75% interest rate on savings accounts per year. Your account balance determines the interest rate on your savings account. SBI bank can revise the interest rates from time to time, so it’s better to check the interest rate on their official website: https://sbi.co.in/web/interest-rates/interest-rates/deposit-rates