Which Bank Has Lowest Minimum Balance For Savings Account?

Which bank is best for zero balance account?

Latest Interest Rate for Zero Balance Savings AccountBankName of zero-balance savings accountInterest rateKotak Mahindra Bank8114% to 6%Standard Chartered BankBasic Banking Account0.5% to 4.90%HDFC BankBasic Savings Bank Deposit Account3.50% to 4%Axis BankBasic Savings Account3.50% to 4%5 more rows.

Which bank is best?

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. … 6) Kotak Mahindra Bank, IndusInd Bank, Yes Bank.

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.

How many bank account can a person have?

Having up to two bank accounts is ideal, or at best three.

Which bank is safest in India?

Amid financial back to back jolts to banks, first PMC and now Yes Bank, Chief Economic Adviser K V Subramanian assured that Indian banking sector is among the safest and there is absolutely no reason to worry.

Which bank is better HDFC or SBI?

This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

How much does it cost to open savings account?

Annual and minimum balance fees Some banks charge simply for the privilege of opening a savings account. For savers with low balances, a $25 annual fee and a monthly minimum-balance charge ranging from $4 to $10 can suck up your savings at an alarming rate.

What is the minimum amount for saving account?

It added that the charges on maintaining AMB are now waived off on all 44.51 crore SBI savings bank accounts. Currently, SBI savings bank account customers need to maintain an average monthly balance of Rs 3,000 in metro, Rs 2,000 in Semi urban and Rs 1,000 in rural areas.

Do savings accounts usually require a minimum balance?

Savings accounts allow you to keep your money in a safe place while it earns a small amount of interest each month. These accounts usually require either a low minimum balance, like $25, or may require no minimum balance at all. … You open a savings account at the bank.

Which bank saving account is best?

Best Savings Bank Accounts You Can Consider Opening In 2019Digibank by DBS.Kotak 811 Edge.SBI Digital and Insta Savings Account. SBI Insta Savings Account.Federal Bank Fedbook Selfie Account.Axis Bank ASAP Online Savings Account.HDFC Savings Max Account.

Which bank is best for middle class?

When I had to open an account with a private bank, I visited ICICI and HDFC bank branches of my area and found the ICICI branch employees being way more professional and understanding. So I started banking with them. Also, government banks like SBI are good.