Why should I open account in HDFC
Some variants of HDFC Bank Savings Account also offer features like unlimited cash withdrawals at ATMs and zero-balance maintenance requirement, which further adds to the appeal of a Savings Account.. Click here to open account.
Which account is good in HDFC Bank
| Benefits / Product | SavingsMax Account (Our Premium Product) | Senior Citizens Account |
|---|---|---|
| Why choose this product | Open a SavingsMax Account and save up to Rs 6,170 | Your priorities are ours too! Take advantage of benefits designed specially to meet your needs- from day to day banking, health and investments |
| Insurance Benefit |
What are the cons of HDFC Bank Account
Cons: HDFC is having limited free transactions monthly after that they will charge fee for every transaction. The customer:employee ration is low. For example you have to wait for your transaction is most of the branches.
What is the minimum balance in HDFC Bank account
Minimum Balance Requirements
| Balance Non-Maintenance Charges* | ||
|---|---|---|
| AMB Slabs (in Rupees) | Metro & Urban | Semi Urban |
| AMB Requirement -Rs 10,000/- | AMB Requirement –Rs. 5,000/- | |
| >=7,500 to < 10,000 | Rs. 150/- | NA |
| >=5,000 to < 7,500 | Rs. 300/- | NA |
Why do people prefer HDFC Bank
Quick loan disbursement
As an HDFC Bank customer, you no longer have to wait for days to get a loan sanctioned; you can avail instant loans within minutes. And this is applicable for various types of loans, from personal to two-wheeler loans, and even LOCC (Loan On credit card), without much documentation.
Why HDFC Bank is so popular
According to the study, HDFC Bank is the most profitable among all domestic scheduled commercial banks. Its return ratios, return on assets (RoA) of 1.97% and return on equity (RoE) of 16.6%, are the best, complemented by a net interest margin (NIM) of 4.2%, which is again the best among the top 10 banks.
Why HDFC Bank is best in India
Quick loan disbursement
As an HDFC Bank customer, you no longer have to wait for days to get a loan sanctioned; you can avail instant loans within minutes. And this is applicable for various types of loans, from personal to two-wheeler loans, and even LOCC (Loan On credit card), without much documentation.
Which bank is safe HDFC or SBI
In terms of asset quality, SBI's headline numbers were higher than HDFC Bank. While SBI's gross and net non-performing asset (GNPA, NNPA) ratio stood at 4.50 per cent and 1.34 per cent as on December end, respectively, HDFC Bank's corresponding numbers stood at 1.26 per cent and 0.37 per cent for the same period.
Which bank gives 7% interest on savings account
Which bank gives 7% interest on a savings account Right now, only one financial institution is paying at least 7% APY: Landmark Credit Union. Landmark pays 7.50% on its Premium Checking Account — however, there are some major caveats to consider.
What is the minimum balance for SBI
An account holder can opt for Single/Jointly/ either or survivor mode of operation depending on needs. The minimum balance for the savings bank account – is zero.
Which is No 1 bank in India
State Bank of India (SBI)
Top 10 Banks in India 2022 vs 2023
| Rank | Bank Name | Net Profit 2023 (Rs. Cr.) |
|---|---|---|
| 1 | State Bank of India (SBI) | 56,558 |
| 2 | HDFC Bank | 46,149 |
| 3 | ICICI Bank | 34,463 |
| 4 | Punjab National Bank (PNB) | 3,069 |
Is HDFC Bank good for long term
"Investors often focus on midcap and smallcap stocks for big returns but sometimes even largecap stocks can deliver surprisingly high returns… HDFC Bank is one such stock. It can give a 2x return in comparison to FDs," said the market wizard.
Why HDFC Bank is the best bank
The magazine said on its website – “HDFC Bank is India's largest private-sector lender by assets. It has the scale, processes, expertise and vision to meet the needs of its 70 million-plus customers. Those strengths came in handy when the pandemic roiled markets.
Who is the No 1 bank in India
State Bank of India (SBI)
Top 10 Banks in India 2022 vs 2023
| Rank | Bank Name | Net Profit 2023 (Rs. Cr.) |
|---|---|---|
| 1 | State Bank of India (SBI) | 56,558 |
| 2 | HDFC Bank | 46,149 |
| 3 | ICICI Bank | 34,463 |
| 4 | Punjab National Bank (PNB) | 3,069 |
Should I open account in HDFC or SBI
SBI offers interest rate of 2.70% on balances less than Rs 10 crore and 3% on balances Rs 10 crore and above. HDFC Bank offers interest rate of 3% on balances less than Rs 50 lakh and 3.50% on balances of above Rs 50 lakh. SBI fixed deposit vs Post Office Time Deposits: Which offers higher interest rate
Where can I get 5% interest on my savings account
Best 5% Interest Savings AccountsWestern Alliance: 5.15% APY.OceanFirst Bank: 5.17% APY.Mission Valley Bank: 5.12% APY.CloudBank 24/7: 5.20% APY.M1 High-Yield Savings Account: up to 5.00% APY.Newtek Bank Personal High-Yield Savings Account: 5.00% APY.Valley Direct: 5.00% APY.Adda Bank: 4.85% APY.
Where can I get 5% interest on my savings
How to put money into a savings account that gives 5% interest There is no such thing as a savings account that gives five percent interest. However, you may be able to get close by investing in a fixed annuity. As of July 2023, annuities guarantee up to 5.45% APY.
What is the maximum limit of SBI savings account
The information can also be obtained from Branches. There is no ceiling on maximum balance in Savings Bank account, except for Minors account and BSBDA-Small Account. (Rule Nos. 11, 12).
Which bank gives highest interest on savings account
List of Savings Accounts with Highest Interest Rates
| Sr. No | Savings Account | Interest Rate |
|---|---|---|
| 1 | Freo Save | Up to 7% |
| 2 | Ujjivan Small Finance Bank | Up to 7% [w.e.f. 13th June, 2022] |
| 3 | RBL | Up to 7% [w.e.f. 1st March, 2023] |
| 4 | Digibank by DBS | Up to 7% [w.e.f. 1st Feb, 2023] |
Which bank is very safe in India
Top Banks for FDs in India
| Sr No | List Of Banks | Score |
|---|---|---|
| 1. | State Bank of India | AAA |
| 2. | HDFC Bank | AAA |
| 3. | Bank of Baroda | AAA |
| 4, | ICICI Bank | AAA |
Which bank is very rich in India
Among the top 10 banks in India, the bank that makes the highest yearly revenue is HDFC bank. In 2022, HDFC Bank's annual revenue stands at ₹1.68 lakh crores. After HDFC Bank, ICICI Bank has the second-highest annual revenue.
Which is the No 1 trusted bank in India
1. State Bank of India (SBI) State Bank of India, the largest public sector no. 1 bank in India, offers a comprehensive range of banking services.
Where can I get 7% interest on savings
Existing-customer regular savers – what we'd go for
| Provider | Rate (AER) |
|---|---|
| Skipton BS (must have been a member since 31 May 2023) | 7.5% fixed for one year |
| First Direct* | 7% fixed for one year |
| Lloyds Bank (need a Club Lloyds account) | 6.25% fixed for one year |
| NatWest / RBS | 6.17% variable on up to £5,000 |
Can I withdraw 2 lakhs from SBI bank
SBI's Platinum Debit-Cum-ATM card allows cash withdrawals up to ₹ 2 lakh per day (both domestic and international withdrawal) and online transactions of up to ₹ 5 lakh per day. However, the higher withdrawal limit in this card comes with higher charges.
Which bank gives 6% interest on savings account
Mango: qualify to earn 6.00% APY on up to $2,500
Metropolitan Commercial Bank is a Member FDIC.
