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Will you ditch ICICI?
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Bisoy
Why?0 -
rizla01 wrote:Perhaps in India they know something we don't.
Ie. Perhaps the bank are about to fold and do a runner with all of our monies.:)
But we're covered up to a a certain amount, aren't we? I can't remember exactly what it is off the top of but I'm pretty sure it's on this site somewhere. I think we're covered up to about £30k (not that I have anywhere near this amount in my account!) because they belong to a financial body in the UK.
Can anyone confirm this?
Sorry I'm been so vague, but I do remember something along these lines 0 -
There seems to be a lot of fuss on here over nothing - what hard evidence does anyone have to leave ICICI?
Seems like scaremongering - I'm not moving anywhere.MFW #185
Mortgage slowly being offset! £86,987 /58,742 virtual balance
Original mortgage free date 2037/ Now Nov 2034 and counting :T
YNAB lover
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I think anyone who might need their money at short notice might conclude that the possibility of future "upgradations" that might again leave them unable to access their funds for several days is enough grounds to leave ICICI.EagerLearner wrote:what hard evidence does anyone have to leave ICICI?0 -
Hmmm?
I accessed the site earlier this evening just to check on one or two things, which I do about threee times per week, and found quite few buttons not working on the HiSAVE web site pages. Neither was the proper font and background loading either.
I 'guessed' at the tiny blank unlabelled square, which was the 'Log out' button and duly clicked. My memory of things worked well and so I found myself properly 'logged out'.
Now that's a good thing, isn't it?
And the upgradation worked a bit too, didn't it?
All that's needed now is a bit of buttongradation, backgroundgradation and fontgradation and, as they say in Wales, "The job's a good un."
Actually, with the Indian economy on the boom, I can only see things getting better and better for this bank. Maybe I should take my money out of the savings account and just buy ICICI Bank shares?
Check them out at http://www.myiris.com/shares/company/chartShow.php?cSelect=2&icode=ICICIBCO0 -
DocProc wrote:
Actually, with the Indian economy on the boom, I can only see things getting better and better for this bank. Maybe I should take my money out of the savings account and just buy ICICI Bank shares?
Check them out at http://www.myiris.com/shares/company/chartShow.php?cSelect=2&icode=ICICIBCO
Good for you. Good luck.0 -
rizla01 wrote:Perhaps in India they know something we don't.
Ie. Perhaps the bank are about to fold and do a runner with all of our monies.:)
The share price going up normally means the bank is doing well.
Its comments like this which cause some people unecessary worry.
Regards
Sunil0 -
But we're covered up to a a certain amount, aren't we?
Yes you are covered (not 100% but a high percentage).
It's not something you should worry about unless you have more than £30K and then you should probably start thinking about putting it in several accounts (or other investments).
Banks have folded in the past but it's a negligeable risk.
So it's not something you should worry about too much, just take sensible precautions.
If you have a lot of cash then in my view you need to review whether this is best or whether you would be better off having some in other asset classes e.g. property, shares.
I am a 40% tax payer and I keep very little in non-ISA accounts.
I only keep a few thousand in there to pay for large bills like holidays.
If you are a tax payer then you should be putting it in ISAs or paying off debt and only paying tax on money you really need to have available. (ISAs can act as emergency funds).0
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