Here’s the List of Best Banks in India to Subscribe to! Whether you are looking for options to open a bank account or planning to mobilize some personal finance - choosing the best bank is extremely important. In a market full of cut-throat competition, every bank is trying harder through their marketing and advertising strategies to snatch more and more customers on to them. Some are even applying the “by hook or by crook” means to get customers. Don’t believe it? A bank official only explained to me the ‘minimum balance account’ option, when there was a ‘zero balance account’ option scheme. Consequently, I couldn’t mainin my minimum balance for like 4-5 months, for which I was charged insanely. So, it is definitely advisable to be a customer of a bank with extremely great credentials. We have formulated a list of the best banks in India based on online and offline reviews. Going through this help you make a decision as to which bank will you subscribe to open a bank account or avail any lending products. Which are Some of the Best Public Sector Banks in India? When it comes to public sector banks, people (especially millennials) don’t have a good opinion. This is because they have not re-invented themselves as opposed to private sector banks. There is an imagery in people’s heads that there service is slow, do not treat their customers as “customers” and some of them haven’t even upgraded to new technologies. But times are changing. Some public sector banks, like SBI and Bank of Baroda, have re-invented themselves to a great extent, almost at par with the private sector banks. Recently, many public sector banks went through a merger in an attempt to provide convenience and better services to the customer. SBI - State Bank of India is definitely on of the public sector banks in the list of best banks in India. It has served our parents, grandparents and now us, with its extraordinary array of products. In a few simple steps, it opens a bank account for its customers. When it comes to personal loans and home loans, it provides one of the lowest interest rates prevailing in the market. It has around a total of 24,000 branches all over India, which only has one motto of servicing its customer to its full potential. Bank of Baroda - Bank of Baroda has become the third largest lender of the country with the news of Dena Bank and Vijaya Bank merging with Baroda. It offers varied loan options like personal loan, education loan, home loan and vehicle loan. All over India it has 13,153 branches and has served around 127 million customers all over the world. Which are Some of the Best Private Sector Banks in India?
Private Sector banks have always attracted customers because of their impeccable service to customers. However, there are few who scam their customers by not furnishing them with relevant details. Below mentioned is the list of best banks in India in the private sector with the best banking products and services: Axis Bank - We all know about Axis Bank. It is one of the pioneers in the private sector banking in India. It takes a revolutionary approach towards banking by providing utmost convenience to its customers through the integration of latest technology in banking. With over close to 5000 branches in India, it caters to all the offline customers who are not a big fan of technology. It provides the best fixed deposit interest rates (one of the highest in the market). Adding more to the glory of Axis is its personal loan, where you don’t have to pay any prepayment charges. HDFC Bank - Next up in line in the list of best banks in India is HDFC Bank. It is the India’s largest private sector bank by assets. HDFC came into existence really during the year 1994. Since that time it has done a commendable job in terms of servicing its customers. Often I have heard people saying, “HDFC forever”. HDFC is omnipresent all over India with 4787 branches all over India. The display of products that it brings to the table ranges from attractive credit cards to affordable loans to rewarding mutual funds.