10 Best Banks for Opening a Savings Bank Account in India

    Looking for a best bank to open your savings bank account? All the cliché ads pushed by banks- celebrating families, smiling happy mom and child, distort whats real about a savings bank account. It is a basic account that helps you to keep your earnings secure and provides you an easy access to money for daily transactions. When you are searching for the best bank for opening a savings bank account, essentially look a bank that is trustworthy, reliable, easy to transact with, transparent and more importantly won’t steal your money by charging all kinds of fees and charges. Below are 10 Best Banks for Opening a Savings Bank Account in India.


    10YES Bank

    YES Bank founded in 2004 slowly grew into one of the largest banks in the country. In the past few years, it is considered as one of the fastest growing banks in India. It offers a wide range of savings bank account schemes to both individuals and corporations. It offers all types of digital payment solutions to its customers. Yes Bank after the revision of Savings Bank interest rates last year, it now offers a reduced interest rate of 5% per annum for saving deposits of up to Rs. 1 lakh. If the deposit balance is between Rs. 1 lakh and Rs. 1 crore, it offers an interest rate of 6% per annum. For account holders with the saving deposits balance of over Rs.1 crore receive an interest rate of 6.25%. Just like Kotak Mahindra Bank, Yes Bank offers a multitude of benefits to its customers.

    Savings Account holders at Yes Bank enjoy free NEFT payment facility, debit cards with attractive offers, access to ATMs across the country, receive quarterly savings interest payout, free demand draft issuance, easy payment of utility bills, personal account number selection, SMS banking facility, and others. Appling for a YES Bank savings account can be done easily online. It is a three-step process wherein the first step they have to fill the Savings Account Eligibility form. Once this form is filled and submitted, the bank presents a list of suitable account options. In the second step, an applicant can go through the various account types and compare them. The last step involves choosing a specific savings bank account type and clicking on its approval. Users through email and SMS alerts can know the status of their application.

    YES Bank has three categories of savings bank accounts including personal, salary and custom. The personal savings accounts are for individuals and it is of 4 types, Savings Exclusive, Savings Value, Savings Select, and Savings Advantage. The benefits such as doorstep services, unlimited ATM access, free demand draft issues, free silver debit card, low minimum balance and sweep in the facility are distributed across these accounts.  In the salary savings accounts, YES Bank offers Smart Salary Platinum, Smart Salary Advantage, and Smart salary Exclusive.

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    1. my wife is having savings a/c in kotak mahindra bank, one day she transfered Rs2000 to icici bank via imps mistakenly to another a/c. Immediately we approached bank branch as per thier advise customer complaint lodged, no action by branch, again we approached branch, we have given a written complaint, after one month also no action, we met several times to branch mgr and staff, more than 4 months over not resolved, they said not possible, we approached to concerned icici bank bank, they are also behaving like that

    2. I am maintaining various accounts with SBI .I am fully repeat FULLY satisfied with the banking services by SBI . Behavior of staff is coordinating and helpful .Whenever I had complaint with Bank they resolved in a very short period .Their priority is CUSTOMER FIRST .A customer is satisfied by excellent services ,they can grow as high as the sky .I love my Bank SBI and proud of having account in SBI.They have excellent system for resolving the problem of their customers .

    3. How can banks be nest when they do not obey supreme court orders and mandatory seek Aadhaar shamelessly? A supreme court Advocate has complained in the court.
      Besides, as privacy is of paramount significance as all now have become enlightened, as even Zuckerberg agrees if they cannot protect private data thy don’t deserve it. Then now fir things like private purchases, say, bachelotette party celebration merchandise or eatable as bachelorette cakes, if purchased through bank payment rather than COD may cause damages. Banks are being unreliable for seeking aadhaar. There are some good ones for privacy protection such as http://www.luckonluck.com but privacy should have been better protected by banks. This is for women privacy protection.

      After all reliability matters. When others respect humans why not banks that exist only because of humans and on them dependence all other entities. Thus, as these banks are violating Hon’ble Supreme Court orders, they cannot be good banks at all fir opening accounts. Their staff is also liable even prosecuted per the Supreme Court orders.


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