Top 10 Private Banks In India

Many private banks in India can be better than any of the nationalized ones. Most of the best private banks have a balance sheet that exceeds more than 100,000 crore rupees. There are both new and old private banks, the new ones being the ones that got their license for banking after 1990.

The new private banks had to have certain criteria that was followed including the holdings of the promoters should consist of at least 25% of the capital that was paid at first. In addition, they had to offer shares to the public after 3 years along with an increased net worth of 300 crores.

Top 10 Private Banks in India:

1.    HDFC Bank
2.    Axis Bank
3.    ICICI Bank
4.    Citibank N.A.
5.    Corporation Bank
6.    Syndicate Bank
7.    Standard Chartered
8.    HSBC
9.    DBS Bank
10.    Kotak Mahindra Bank

Benefits of Using A Private Bank:

Each bank has different benefits and many of them vary from bank to bank. The benefits also vary depending on if the customer is an resident Indian national or a non-resident Indian. This includes the different types of loans and other bank accounts each person is eligible for as well as for the loans and other things that can be availed at the bank.

Benefits for Resident Indian Nationals:

  • The bank accounts here for resident Indian nationals normally have a lower minimum balance requirement.
  • There is also access to different types of bank accounts including current and savings account. As well as accounts that have recurring deposits.
  • Any branch can help with taking care of a problem and deposits can be made anywhere.
  • There are branches all over India so not being able to find a bank should not be a problem and
  • accessibility is also taken care of.
  • The loans and credit cards are easy to get and require the most minimum of documentation and ar easily and quickly processed.


Benefits for Non-Resident Indian Nationals

There are many different bank accounts that are available to the non-resident Indian national including bank accounts that allow deposits of foreign currency.

 

  • The banks that deal with non-resident Indian nationals normally know what they are about and know how to deal with the biggest problems that come up.
  • There are dedicated branches for non-resident Indian nationals instead of having to go to any normal branch that may not have the required information or knowledge.
  • The ease of transferring money between different accounts that can be done online.
  • The availability of money exchange and the simplicity of the transaction. This includes the good exchange rates that are given along with the professional attitudes of the employees.

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