Question: Which Bank Is Best SBI Or HDFC?

Is my money safe in HDFC Bank?

Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India GUARANTEES that in case of an unlikely bank failure deposits up to ₹1 lakh is insured and paid back to the depositor.

your money is GUARANTEED upto Rs.

It’s simple DICGC rule which is printed by HDFC Bank..

Is HDFC Safe 2020?

So your bank Fixed Deposits (FDs) are safe. … These are banks that are too-big-to-be-allowed-to-fail banks of India. And these are State Bank of India (SBI), HDFC Bank and ICICI Bank.

Can I have 2 HDFC accounts?

You can’t have 2 accounts in the same bank as you will be having only 1 customer id. But you can have 1 single account and 1 joint account in the same bank.

Is Icici better than HDFC?

ICICI Bank scored higher in 3 areas: Work-life balance, Culture & Values and % Recommend to a friend. HDFC Bank scored higher in 4 areas: Compensation & Benefits, Senior Management, CEO Approval and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Career Opportunities.

Who is the No 1 bank in India?

HDFC BankHDFC Bank emerged as India’s No. 1 bank.

Is HDFC good bank?

HDFC Bank is more conservative and cautious, grows at a measured pace, without taking any undue risks. ICICI Bank’s assets in the retail space stand at Rs 56,000 crore (Rs 560 billion). In comparison, the tally for HDFC Bank is Rs 18,000 crore (Rs 180 billion).

Is Axis Bank a good bank?

Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2009-13) 37% in Net Profit with a balance sheet size of Rs. … The Bank has a network of 2225 branches and extension counters and 11796 ATMs and 7 International countries.

Who is owner of HDFC?

Housing Development Finance CorporationHDFC Bank/Parent organizations

Which bank is better Citibank or HDFC?

HDFC Bank�s net NPAs to advances ratio stands at a low 0.5% (FY02), while for Citigroup, it stands at 2.1% (FY03)….HDFC Bank Vs Citigroup.ParticularsCitibankHDFC BankRevenues per employees17.616.9NIM (%)7.63.3Net NPAs to advances ratio (%)*2.10.5* in FY02 for HDFC Bank��4 more rows•Jun 24, 2003

Is HDFC zero balance account available?

A zero balance basic savings account can be opened with HDFC Bank which will have certain transactional and operational limits. … HDFC Bank zero balance savings bank account holder is entitled to receive a free passbook, free cash and cheque deposits at all branches and ATMs.

Which bank is best for salary?

Top 5 Salary Accounts in India, 2020Kotak Platina Salary Account.SBI Corporate Salary Package.HDFC Bank Classic Salary Account.Citibank Suvidha Salary Account.Axis Bank Prime Salary Account.

Why is HDFC Bank better than other banks?

Technology lead service, convenience to customer and unparalleled services makes such a big Eco-system which are hard to break for any other bank. Very soon HDFC bank has become market leader in retail loans.

Which account is best in HDFC Bank?

Basic Savings Bank Deposit Account (Farmers) HDFC Bank issues a free international debit card to account holders to facilitate cashless and convenient transactions and cash withdrawals. The account can be operated through net banking, mobile banking, phone banking and branch banking.

Which type of bank is HDFC?

private sector bankHDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 1,04,154 permanent employees as of 30 June 2019. HDFC Bank is India’s largest private sector bank 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.