Which private bank is safest in India?

Top 10 Banks to Keep Your Money Safe in India

• Punjab National Bank.
• ICICI Bank.
• Bank of Baroda.
• Axis Bank.
• Union Bank of India.
• Kotak Mahindra Bank.
• Canara Bank.
• Bank of India.

What is the safest bank to deposit money?

The Federal Insurance Deposit Corporation (FDIC) reported more than 100 bank failures per year during that period….Here are some of the safest banks in the U.S. with the best security:

• Wells Fargo.
• U.S. Bank.
• JP Morgan Chase.
• PNC Bank.
• Citibank.
• Capital One.
• M Bank Corporation.
• CoBank.

Which is the most secure bank of India?

List of Best, Safe Banks in India

• 1) 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.

Which private Indian bank is best?

List of Top 10 Best Private Banks in India

• HDFC Bank – Largest Private bank in India. HDFC Bank is the Largest Private Banks in India by Total sales during the Year.
• ICICI Bank.
• Axis Bank Ltd.
• Kotak Mahindra Bank Ltd.
• IndusInd Bank Ltd.
• Yes Bank Ltd.
• Federal Bank Ltd.
• IDFC First Bank Ltd.

Which bank is the safest?

The Verdict Citibank and Bank of America offer the most protection for their customers, each providing three additional dimensions of security.

Is IDFC Bank safe 2021?

At the moment, there is no visible threat in IDFC Bank’s viability. In fact, the deposits of the bank have a AAA rating. It is, therefore, safe to say that the interests of small depositors of scheduled commercial banks in India have always been protected.

Is it safe to keep money in private banks in India?

Answer Wiki. Definitely it is safe to keep money in Private Banks in India. All the private banks which are scheduled banks (like ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra, Yes Bank, IndusInd Bank, etc.) are governed by the guidelines prescribed by the RBI.

Are fixed deposits in Indian banks safe?

I will say that most Indian banks are safe most of the times. RBI does its job fairly well and hence, problems if any are more or less very rare. But that doesn’t mean that you can put all banks in the same risk bucket. So your bank Fixed Deposits (FDs) are safe.

Is it safe to keep money in private banks like HDFC?

Yes, it is safe to keep money in private banks like HDFC. In India, if any bank fails and has to go in for liquidation then a depositor can get up to Rs 5 lakh under the Deposit Insurance Scheme of RBI previously this limit was 1 lakh. ( RBI latest guidelines) Also, HDFC is company with highest market capitalization till this date.

Which are the top 5 best banks in India?

1 HDFC Bank. 2 State Bank of India. 3 ICICI Bank. 4 AXIS Bank. 5 Bank of Baroda: 6 Kotak Mahindra Bank, IndusInd Bank, Yes Bank.