Question: Which Bank To Open Savings Account?

Compare Apply for Best Savings Account Online

Savings Account Interest Rate
Standard Chartered Bank Prime Savings Account Up to 3.25% p.a.
IDFC Bank Savings Account Up to 5.00% p.a.
ICICI Bank Regular Savings Account Up to 3.50% p.a.
IndusInd Bank Savings Account Up to 5.50% p.a.

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Which bank is best to open savings account?

Top Banks that have the Best Savings Account for Individuals

  • State Bank of India (SBI) Savings Account.
  • HDFC Bank Savings Account.
  • Kotak Mahindra Bank Savings Account.
  • DBS Bank Savings Account.
  • RBL Bank Savings Account.
  • IndusInd Bank Savings Account.

Is SBI good for savings account?

0.5 4.0/5 “Great!” SBI has best Internet banking and its very fast and easy to access any one. I am using this savings account more than 10 years, if i withdrawal cash more than 5 time no charges. I am using net banking and it is good to access.

Is RBL bank safe?

Investing in a fixed deposits with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, RBL Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.

Can I open SBI account with zero balance?

SBI zero balance savings account: At the time of opening the account, there is no need for a minimum balance. Without any fees, customers are provided with an ATM-cum-debit card. Deposit and withdrawal services are free of cost. For non-operation or activation of an inoperative account, the bank cannot levy charges.

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Which one is better SBI or HDFC?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of SBI Loan is 9.60%, which is lower than the lowest interest rate of HDFC Bank at 10.25%. Therefore, HDFC Bank can be a better option if you are looking for a high value amount.

What is minimum balance in SBI?

SBI, the country’s largest bank, on Wednesday announced a waiver on maintaining the average minimum balance (AMB) requirement for all savings bank accounts. Currently, there is an AMB of ₹ 3,000, ₹ 2,000 and ₹ 1,000 in metro, semi-urban and rural areas, respectively.

Which bank is better RBL or IDFC?

RBL Bank offers Business Loan upto an amount of ₹ 10 Lakh, while IDFC First Bank offers Loan upto an amount of ₹ 9 Lakh. Therefore, RBL Bank can be a better option if you are looking for a high value amount.

What’s wrong with RBL Bank?

RBL Bank share fell over 2% amid a rising market today after the lender reported a loss of Rs 459.47 crore in the June quarter against a profit of Rs 141 crore in the corresponding quarter of previous fiscal. The bank incurred losses on a rise in the provisioning due to second wave of pandemic.

Is RBL a govt bank?

RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank headquartered in Mumbai and founded in 1943.

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