Banking

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.

Can G-Pay be effectively used to automate recurring payments for monthly subscriptions and utility bills? If so, how can we schedule these automatic deductions and stop them easily?

First, see what's the status of the transaction. If it says "pending," it will take 7-8 days for the money to be sent back to your account. If not, carefully look over your bank records to make sure you remember the exact amount that was taken out and the date and time of the transaction.

Contact Kotak Bank's customer care and tell them about the whole situation; they will raise the dispute for a failed transaction.

If Amazon received the money, the bank will provide the Transaction Reference Number (ARN).

Contact Amazon customer care and explain the whole situation to them. Give them the order number, the date of the purchase, and any error messages you get. Send them the ARN and some other information, then ask for a return or the order to be filled.

If nothing else works, email Kotak Bank's customer service and ask for a refund. Send them all the proofs, like screenshots, bank records, and information about your Amazon order. Then wait 30 days.

If the bank is not able to resolve your issue, then write to RBI Ombudsman through the CMS portal (https://cms.rbi.org.in/).

You can take a loan from both public sector banks as well as private sector banks, which provide the best interest rates on home loans.

Public sector banks like State Bank of India (SBI) and Bank of Baroda (BoB) are known for their competitive interest rates and stability. State Bank of India (8.50% to 9.65% per annum) and Bank of Baroda (8.50% to 9.20%) are the best options.

Private sector banks such as HDFC Bank and Axis Bank often provide attractive interest rates and expedited processing. HDFC Bank (8.55% to 9.50%) and Axis Bank (8.60% and 9.60%).

All these banks offer good, competitive interest rates and have some processing fees. To get the special interest rate offers, your CIBIL score should be 750 points or more.

Considering the IDBI Gold Debit Card for international trips, what are all the associated fees (annual, domestic/international transactions, hidden)? Can I expect additional perks or benefits if I hold this card?

Which bank offers the best savings account with an auto-sweep facility? How does the interest rate calculate if I choose this facility? Is there any minimum balance that I have to deposit daily, and which banks provide the most flexible terms for this facility?

If you don't need cash immediately, then it's better to put all the money in mutual funds. Trust me, it's a wise decision. For stable and steady growth, you could consider a balanced fund or a large-cap fund. The risk factor is very low in these types of mutual funds. 
If you want flexibility, you can transfer this money to your savings account to earn the interest, or you could just put in a short-term fixed deposit.

I took the medical loan but recently paid off my loan and found my credit score dropped by 95 points. That seems like a lot for only one payment. Is this sudden improvement a sign of progress?

Hi
There are some foreign transaction fees associated with regular credit cards. To avoid this fee you can consider the SBI Card Elite card as it provides less foreign exchange markup of 1.99%. Then there is Axis Bank Miles & More World Credit Card which offers you a low forex markup of 1.99%. Induslnd Bank’s Signature Credit Card also offers you a lower forex fee.

Before using any card for an international transaction, always make sure you are aware of the exact fees involved.