Is Allahabad Bank Safe?

Which bank is better HDFC or Icici or axis?

But, in terms of interest rates, HDFC is a better option as its highest rate is 8%.

Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%….People Also Look For.Personal Loan Interest Rates December 2020HDFC Bank10.75% – 21.45%ICICI Bank10.75% – 17.50%IndusInd Bank11.00% – 23.00%5 more rows.

Which bank is safe for FD?

3. Top 15 Banks and Their Interest RatesBank ListFor Regular Customers (% p.a.)For Senior Citizens (% p.a.)HDFC Bank3.00% – 6.00%3.50% – 6.50%Kotak Bank3.00% – 5.60%3.50% – 6.10%IDBI Bank3.10% – 5.90%3.60% – 6.40%ICICI Bank3.25% – 5.75%3.75% – 6.25%11 more rows•Nov 24, 2020

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.

Can I open zero balance account in Allahabad Bank?

Savings Account Interest Rates (p.a.) No charges for closure of account….Difference between Savings and Current Account.FeaturesSavings AccountCurrent AccountOverdraft FacilityNoYes4 more rows

Which bank has no minimum balance?

For example, both Ally Bank and Capital One 360 offer free checking and savings accounts with no minimum balance to open an account (and no ongoing minimums either). Opening an account is easy, and you’ll probably earn more on your savings than you would get from the bank down the street.

Which bank is the richest?

The Industrial and Commercial Bank of China LimitedThe Industrial and Commercial Bank of China Limited is the wealthiest bank in the world according to market capitalization. It is also ranked as the largest bank in the world when rated by total assets.

Which is the 2nd largest bank in India?

1) Oriental Bank of Commerce (OBC) and United Bank of India will be merged into Punjab National Bank (PNB). After the merger, these together will form the second-largest public sector bank in the country, after State Bank of India (SBI).

Which bank has lowest minimum balance?

ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)

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 best bank in India 2020?

Best Public Sector (PSU) Banks in India 2020List of PSU BanksNumber of BranchesNumber of ATMsState Bank of India (SBI)2400058559Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India)114378985Bank of Baroda131539583Canara Bank (With Merger of Syndicate Bank)8801103428 more rows

Is Icici Bank Safe 2020?

Now small banks, new banks and some NBFCs offer higher interest rates on FDs to customers as compared to other top banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, etc. to name a few. … So your bank Fixed Deposits (FDs) are safe.

Which is the strongest bank 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.

Which is the safest bank in the world?

World’s safest banksRankBankCountry1KfWGermany2Zürcher KantonalbankSwitzerland3Landwirtschaftliche RentenbankGermany4L-BankGermany6 more rows

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 Allahabad Bank Government or private?

Allahabad Bank was a nationalised bank with its headquarters in Kolkata, India. Until its merger with the Indian Bank, it was the oldest joint stock bank in India….Allahabad Bank.A Tradition of TrustTypePublic sector undertakingHeadquartersKolkata, West Bengal , IndiaNumber of locations3230 branchesArea servedIndia14 more rows

What is the minimum balance in Allahabad Bank?

Minimum Balance or Initial Deposit to open an Allahabad normal savings AccountMinimum Balance RequirementsRural/Sub-Urban BranchesOther BranchesWith Cheque BookRs. 500/-Rs. 1,000/-Without Cheque BookRs. 100/-Rs. 500/-Sep 16, 2020

Is Allahabad Bank going to merge?

Effective April 1, Allahabad Bank will cease to exist in its present form and will be officially merged with Indian Bank. Indian Bank’s Managing Director and CEO Padmaja Chunduru said, “We warmly welcome the employees and customers of Allahabad Bank to the Indian Bank fold.

Which bank is best 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.