Quick Answer: Which Is The Best Nationalised Bank In India?

Which bank is safe for FD?

3.

Compare Interest Rates from different BanksBANKNormal CitizensSenior CitizensAxis Bank3.50% – 7.60%3.50% – 8.25%Kotak Mahindra Bank3.50% – 7.30%4.00% – 7.80%IDFC Bank4.00% – 8.25%4.50% – 8.75%Bank of Baroda4.50% – 6.85%5.00% – 7.35%16 more rows•Nov 24, 2020.

Is Post Office FD safe?

Government-backed schemes like post office saving schemes and bank fixed deposits are safe and they also offer assured returns. However, the trouble with them is that they offer only modest returns. Often the post-tax returns fail to beat inflation. When that happens over a long period, your money loses its value.

How many banks Nationalised in 2020?

12 nationalized banksAs of July 2020 after the recent mergers of government banks, there are a total of 12 nationalized banks in India and RBI is the governing body that manages these nationalised banks. In the last year, ten public sector banks were merged into four banks.

Which is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Is SBI bank safe?

“Take for instance, SBI which is amongst the top 100 banks of the world. It is as safe as it gets in terms of a bank. The m-cap ratio of SBI is an order of magnitude higher than the private sector banks which shows that m-cap ratio is a wrong measure to assess the safety of the bank,” Subramanian said.

Which is better HDFC or Icici?

HDFC has an average customer ratings of 4.5, while ICICI Bank has an average customer rating of 4.1, based on which it is clear that HDFC has a high customer service focus, an easy Home Loan process and a quick turnaround.

Which is the best performing bank in India?

Summary of Best Banks to Buy now in IndiaSr. No.Company NameRating (Stars)1HDFC Bank Ltd.4.52Kotak Mahindra Bank Ltd.43ICICI Bank Ltd.44Axis Bank Ltd.414 more rows•Sep 1, 2020

Which private bank is best?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Is money safe in Yes Bank?

Given the size of the bank, the government stepped in rather quickly and it is unlikely that a bank of the size of Yes Bank would be allowed to collapse. This makes the deposits of Yes Bank safe at least for a tenure of 1-2 years.

Which is the largest Nationalised bank in India?

State Bank of India (SBI)1. State Bank of India (SBI) Total Assets: INR 34,450 billion. SBI is the largest public sector bank in India.

How much money is safe in a bank in India?

Each depositor in a bank is insured upto a maximum of ₹ 5,00,000 (Rupees Five Lakhs) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank’s licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.

Is Axis Bank a government bank?

Axis Bank is the first private sector bank authorized by the Reserve Bank of India (RBI) and Government of India to collect taxes on behalf of the State Governments. Since 1 October 2003, Axis Bank has been able to handle all Central Government Business and State Government Business.

Which bank is safest in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Is SBI safer than HDFC?

This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020