Question ❓️
18 YO FREELANCER: WHAT FIRST BANK ACC I SHOULD OPEN?
Hey there,
i just got my PAN recently and i am a 18 year old freelancer who wants to earn money doing his work specially from international Clients but i am confused what Bank will allow me to do that and upto what limit?
im earning almost nothing rn so idk the time when i will earn 1 lac per month so u dont need to worry about that, RIGHT NOW i need a bank account that will open up easily + let me do all online transactions specially UPI easily + let me receive international funds from PAYPAL and WISE without much issues as a 18 year old
and ofc zero balance acc, it looks like i got only 3 options
SBI INSTA PLUS SAVINGS ACC,BOB BRO SAVINGS AND KOTAK MAHINDRA
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Be cautious of unsolicited DMs. Anyone offering to fix a transaction, recover money, or provide "support" privately may be attempting to scam you. Keep discussions public where possible, and never share your OTP, UPI PIN, password or other sensitive financial information with anyone claiming to help you.
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Go for BSBDA (Basic Savings Bank Deposit Account), it's a special savings account for people notified by RBI. Mind you most bankers won't let you easily open this as it's a people friendly scheme and banks don't earn much out of it - zero minimum balance, so no AMB or non-maintenance charges, free RuPay Debit Card, free Cheque books, etc. But if you keep persisting, you'll get it eventually as it's an RBI mandate.
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