I want to link my bank account to CCIL FX-Retail. Which banks approve the request automatically and quickly, and which ones are slow or difficult?
1 Answers
The good (automatic, no human involved):
- HDFC & ICICI - Gold standard. Approved within 1–2 days, completely automatic. This is how it should work.
- IDFC First - Also automatic, no manual follow-up needed.
These three prove the system can work seamlessly. The rest prove it doesn't have to.
TL;DR:
| Bank | Account Type | Status |
|---|---|---|
| HDFC | Individual | ✅ Auto-approved, 1–2 days |
| ICICI | Individual | ✅ Auto-approved, 1–2 days |
| IDFC First | Individual | ✅ Auto-approved |
| SBI | Individual | ⏳ Pending 2+ months |
| AU Small Finance | Individual | ⏳ Nightmare in progress |
| DCB | Individual | ⏳ Still chasing |
| IndusInd | Individual | 🧾 ₹600 stamp paper |
| RBL | Individual | 🧾 ₹1000 stamp paper (rejected) |
| Deutsche | Individual | 🧾 ₹201 stamp paper + ₹600 fee (rejected) |
| Kotak | Individual | ❌ Ticket-close-and-ghost |
| SBM | Individual | ❌ Gave up |
| Equitas | Individual | ❌ "We don't support this" |
| Federal (IndMoney) | Individual | ❌ Not a normal account |
| IDFC First | Pvt Ltd | ✅ Approved, 10p markup, active |
| Bank of Baroda | Pvt Ltd | ⏳ Pending |
