Which bank in India is the best to open a bank account in? Which one has the most benefits and the highest interest?
Prachi Bansal (3129 Points)
22 March 2021Which bank in India is the best to open a bank account in? Which one has the most benefits and the highest interest?
Prachi Bansal
(3129 Points)
Replied 22 March 2021
I have even heard that opening a bank account in HDFC is quite beneficial
Prachi Bansal
(3129 Points)
Replied 22 March 2021
| Originally posted by : Sourav | ||
 |
State Bank of India |  |
Why do you think that opening a bank account in State Bank of India is beneficial ?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 March 2021
Prachi Bansal
(3129 Points)
Replied 24 March 2021
Okay but is it also better than the private banks such as HDFC,Axis, IDFC?
Prachi Bansal
(3129 Points)
Replied 24 March 2021
because I have often heard that SBI because of being a public sector bank isn't very great with its operations.
Kunal Mittal
(FINANCE OFFICER)
(580 Points)
Replied 25 March 2021
Private banks are more flexible in giving loans and other services whereas govt banks want proper and completed paper work when allowing loans etc.
If in future you would require loans etc then its beneficial to open a account in private bank as they need to check your banking before sanctioning any loans and if you already have an current account with them its easier to talk to them for loans. Depending on your account size they also somtimes offer you TOD services, means immediate loans. For example your monthly transaction in your account is Rs. 15 lakhs and you immediately need 50000, you can ask for this amont and they will sanction a limit for this amount depending on your monthly trasactions etc or if you have a fd in their bank for say 1 lakh.
HDFC has the best online banking services.
Prachi Bansal
(3129 Points)
Replied 26 March 2021
yes even I am thinking that it is wiser to open a bank account in a privately owned bank rather than a public bank due to the ease of operations in a private bank. It would be more beneficial to open an account in HDFC Bank
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