Top 10 Private Banks In India 2017| Best Private Banks with high Interest
Top 10 Private Banks in India
Banking corporations are considered as the most prominent institution if we talk about private sector firms. We have scrutinized Top 10 Private Banks In India 2017 for the customers who are looking for best private banks with high interest rate. Now your wait is over, check out below given amazing private banking corporations along with saving accounts and interest rate details. The Private Banks Have earned popularity amongst people and achieved a special niche in the world of banking. These banks are known for highly competitive outlook and technological superiority. Check Out private Banks in India from below This Page.
Private sector is considered to be the best in offering excellence customized services and great personal interaction to its customers. Wow… no policies of reservation which excel in government banks in getting a job is the key factor which attracts young talent in this industry. These Banks are owned through either an individual or with limited partners. So have a look on the Best and largest private sector banks in India. You may avail best facilities here starting from deposits and withdrawal to mortgage loans, Insurance etc. Just open saving, current, or any account and avail the best facilities here.
Top 10 Private Banks in India
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- Yes Bank
- Federal Bank
- Indusland Bank
- J&K Bank
- ING VYSYA Bank
- KARUR VYSYA Bank
Best & Largest Private Sector Banks
1. HDFC Bank
Being ranked as number one private sector bank was established in 1994 with headquartered in Mumbai, Maharashtra. HDFC( Housing Development Finance Corporation Limited) not only provides deposits and withdraw facility but Insurance, Credit cards, Loans, FOREX services and Premium Banking are also taken into account. HDFC has been honored with “AIMA Managing India Awards 2015.
| Founded | August 1994 |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | India |
| Key people | Aditya Puri (MD) |
| Products | Investment Banking, Investment Management, Wealth Management, Private Banking, Corporate Banking, Private Equity, Finance and Insurance, Consumer Banking |
| Revenue | 10,588.1 crore(US$1.6 billion) (2016) |
| Number of employees | 87,555 (April 2016) |
HDFC Bank Interest Rates
| Savings Account | Interest Rate | Minimum Balance Required | Debit Card Issued |
| Savings Max Account | 4.00% | INR 25,000 | Titanium Royale Debit Card |
| Regular Savings Account | Rs. 10,000 (urban branches)
Rs. 5,000 (semi-urban branches) Rs.2,500 (Rural Branches) |
International Debit Card | |
| Women’s Savings Account | Rs. 10,000 (Urban branches),
Rs. 5,000 (Semi Urban branches) |
EasyShop Woman’s Advantage Debit Card | |
| Kids Advantage Account | INR 5,000 | ATM/International Debit Car | |
| Senior Citizens Account | INR 5,000 | EasyShop International Debit Card | |
| Family Savings Group Account | INR 40,000 | EasyShop International Debit Card | |
| Basic Savings Bank Deposit Account | Not Required | RuPay Card | |
| Institutional Savings Account | Business Debit Card | ||
| BSBDA Small Account | RuPay Card |
2. ICICI Bank
ICICI (Industrial Credit and Investment Corporation of India) is in the list of Best Private Banks in India. It is on second ranked in the best private sector banks. Founded in 1994, its headquarters are located in Mumbai, Maharashtra. Being the Indian multinational banking and financial services company, it offers banking facilities starting from deposits, withdrawals to loans, Insurance, Privilege Banking, credit cards and many more.
| Founded | 1994 |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | Worldwide |
| Key people | Mr. M. K. Sharma (Chairman), Mrs. Chanda Kochhar (MD & CEO) |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management, personal loans, payment solutions. |
| Revenue | US$10.3 billion (2016) |
| Number of employees | 74,096 (2016) |
ICICI Bank Saving Account Interest Rate
| Savings Account | Interest Rate | Minimum Balance Required | Debit Card Issued |
| Titanium Privilege Savings Account | 4.00% | INR 1,25,000 | Titanium Privilege Debit Card |
| Gold Privilege Savings Account | INR 50,000 | Gold Privilege Debit Card | |
| Silver Savings Account | INR 25,000 | Personalized Pocket Debit Card | |
| Regular Savings Account | INR 10,000(in Metro) INR 5,000(in Semi Urban) INR 2,500(in Rural Areas) | Smart Shopper Silver Debit card | |
| Pocket Savings Account | Not Required | Customized Pocket Debit Card | |
| Young Stars Account | INR 2,500 | Personalized Pocket Debit Card | |
| Advantage Women’s Savings Account | INR 10,000 | MasterCard World Debit Card | |
| Senior Citizens Savings Account | INR 5,000 | Smart Shopper Silver Debit card | |
| Basic Savings Account | Not Required | ICICI Bank Debit Card |
3. Axis Bank
One of the third largest private sector bank founded in 1993 is headquartered in Mumbai, Maharashtra. It has 2,959 branches, 12,743 ATMs and nine international offices which is the result of its continuous growth and achievements. Services like credit cards, corporate banking, mortgage loans etc are the ingredient elements of this banking industry. Along with this, it also offers general insurance policy which includes health, motor car, home as well as life insurance.
| Founded | 1993 (as UTI Bank) |
| Headquarters | Mumbai, Maharashtra, India |
| Key people | Shikha Sharma (MD & CEO) Sanjiv Misra (Chairman) |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management |
| Revenue | 414.0925 billion(US$6.2 billion) (2016) |
| Number of employees | 56,084 (March 2016) |
Axis Bank Saving Account Interest Rate
| Savings Account Type | Interest rate | Minimum Balance Amount |
| Easy Access Savings Account | 4.00% | Rs.10,000 |
| Prime Savings Account | Rs.25,000 | |
| Future Stars Savings Account | Rs.2,500 | |
| Prime Plus Savings Account | Rs.1,00,000 | |
| Women’s Savings Account | Rs. 10,000 | |
| Senior Privilege Savings Account | Rs. 10,000 | |
| Pension Savings Account | Nil | |
| Trust/NGO Savings Account | Rs. 25,000 | |
| Insurance Agent Account | Rs.5,000 | |
| YOUth Account | – | |
| Basic Savings Account | Nil | |
| Small Basic Savings Account | Nil | |
| Krishi Savings Account | Rs. 2.500 (half-yearly) |
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4. Kotak Mahindra Bank
One of the largest private sector banks is headquartered in Mumbai, Maharashtra. Having a network of 1,336 branches and 2,044 ATMs it is spread across 702 locations in the country. Earlier it was started as a non-banking company, named as Kotak Mahindra finance limited but later on after getting license it started its operations into banking sector. Through a variety of delivery channels, it offers services like Wholesale Banking, Privileged Banking, NRI Banking, Insurance and Finance to its customers.
| Founded | 1985 (as Kotak Mahindra Finance Ltd) |
| Headquarters | Mumbai, India |
| Key people | Uday Kotak (Founder & Executive Vice Chairman & MD), Dipak Gupta (Joint MD), Jaimin Bhatt (President & Group CFO), Shanti Ekambaram (President – Consumer Banking) |
| Products | Deposit accounts, Loans, Investment services |
| Revenue | 27,974.52 crore(US$4.2 billion)(2016) |
| Number of employees | 46,500+ (2016) |
Kotak Mahindra Bank Interest Rate
| Saving Account Type | Interest Rate | Minimum Balance Required |
| Platina Savings A/C | 6.00% | INR 100,000 |
| Sanman A/C | INR 2000 | |
| Edge Savings Account | INR 10,000 | |
| Pro Savings Account | INR 20,000 | |
| Classic Savings | INR 10,000 | |
| Nova Savings Account | INR 5000 |
5. Yes Bank
India’s fifth largest private sector Bank established in 2004 by Rana Kapoor is headquartered in Mumbai, India. Its achievements include “Honored by RBI in the last two decades” in the field of Greenfield Bank license. Not only this, Full Service Commercial Bank” has steadily built a Corporate Finance, Investment Banking, Retail & SME Banking franchise, Financial Markets and Branch Banking.
| Founded | 2004 |
| Founder | Rana Kapoor and Late Ashok Kapur |
| Headquarters | Mumbai, India |
| Key people | Avi (Managing Director & CEO) |
| Products | Banking and financial services |
| Revenue | 23,500 crore (US$3.5 billion) (30 July 2015) |
Yes Bank Saving Account Minimum Balance
| Details | Savings Exclusive | Savings Advantage | Savings Value |
| NEFT Payment(Branch and Netbanking) | Free | Free | Free |
| Foreign Outward Remittance | Rs.500 inclusive of SWIFT charges | Rs.200 plus SWIFT charges | Rs.200 plus SWIFT charges |
| Demand Draft payable at YES BANK branch | 20 free per month. Rs.50 per instrument, thereafter | 10 free per month and Rs.50 per instrument, thereafter | 4 free per month and Rs.50 per instrument, thereafter |
| Annual fee for debit cum ATM card | Rs.249 | Zero | Rs.149 |
| PIN regeneration | Rs.50 per instance | ||
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6. Federal Bank
Earlier known by the name of Travancore Federal Bank was established in 1947 by Mr. K P Hormis. With thousands of branches across the country federal is headquartered in Kerala. Being very good at customer services like Corporate Banking, Loans, Insurance and NRI Banking, it take care of the emerging needs of the customers. Along with 1252 branches spread across 24 states it has around 1516 ATMs across the country. These ATMs may be used anytime in any part of the country.
| Founded | Kochi, 1945 |
| Headquarters | Federal Towers,Aluva, Kochi – 683 101,Kerala, India |
| Area served | Republic of India |
| Key people | Shyam Srinivasan (Managing Director & CEO), Nilesh Shivji Vikamsey (Part Time Chairman) |
| Products | Loans, Savings Accounts, Current Accounts, Credit Cards, Debit Cards, Payment Gateway etc. |
| Revenue | 77.4 billion(US$1.2 billion) (2016) |
Federal Bank Fixed Deposit
| Account Type | Interest Rate | Minimum Amount Limit |
| Freedom SB Savings Account | 4% | Rs. 30, 000 |
| Young Champ Savings Account | Rs. 1000 | |
| SB Plus Savings Account | Rs. 1000 | |
| Yuvamitra Savings Account | Rs. 30, 000 | |
| Fed Smart Savings Account | Rs. 75, 000 | |
| Mahilamitra Savings Account | Rs. 50, 000 | |
| Fed Excel Savings Account | Rs. 75, 000 |
7. Indusland Bank
Headquartered in Mumbai, Indusland is among the largest private sector banks. To meet your personal needs, it offers a wide range of personal banking services including deposits, loans, cards, insurance etc. With the purpose of serving its customers with convenience, it has come up with electronic banking products and services. Along with this, it is specialized in many fields, such as Corporate & Investment, Financial Institutions and Private and Government Banking Institutions.
| Founded | Mumbai, Maharashtra India(April 1994) |
| Founder | Srichand P. Hinduja |
| Headquarters | Tower 1, One Indiabulls Centre, 841, Senapati Bapat Marg, Lower Parel, Mumbai |
| Key people | Romesh Sobti (CEO) |
| Revenue | 82.5 billion(US$1.2 billion) (2014) |
| Total assets | US$15.7 billion(2015) |
IndusIand Bank Savings Account
| Account Type | Indus Exclusive-Relationship Value |
| Savings Account (Single) | Rs. 1 lakh |
| Savings Accounts (Household Grouped) | Rs. 2 lakh |
| Savings + Current Account | Rs. 10 lakh |
| Savings + Fixed Deposits | Rs. 20 lakh |
| Mutual Fund/ DP Valuation (with Savings Account) | Rs. 6 lakh |
| Life Insurance Premium (with Savings Account) | Rs. 1 lakh |
| Salary Credit in account | Rs. 1.25 lakh |
| Upfront margin | Rs. 2 lakh |
| Home Loan/ Loan against property | Rs. 50 lakh |
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8. J&K Bank
One of the leading banks in today’s scenario was established on 1 October, 1938 under letters patent issued by the Maharaja of Jammu and Kashmir, Hari Singh. the Eminent investors were invited by Raja for becoming founding directors and shareholders of the bank. You may avail the facility of credit cards as well as mortgage loans by opening account in J&K Bank. Not only this, this bank has achieved the target of promised Rs 10 billion profit for the FY 2012–13.
| Founded | 1 October 1938 |
| Headquarters | Srinagar, Jammu and Kashmir, India |
| Key people | Parvez Ahmed Nengroo(Chairman & CEO) |
| Products | Credit Cards, Mortgage loans |
| Services | Consumer Banking, Corporate Banking, Financial Services, Private Banking, Cash Management, Mobile Banking |
| Revenue | 68.21 billion(US$1.0 billion)(2015–16) |
| Number of employees | 9400 as on 31 March 2013 |
J&K Bank Interest Rate
| MaturityPeriod | Deposit Type | Revised Interest Rates Per Annum |
| 7 days to 30 days | Domestic/NRO | 5.00% |
| 31 days to 45 days | 5.50% | |
| 46 days to 90 days | 6.25% | |
| 91 days to 180 days | 6.75% | |
| 181 days to 270days | 6.85% | |
| 271 days to less than 1 year | 6.90% | |
| 1 year to less than 3 years | Domestic/NRO/NRE | 7.00% |
| 3 years to less than 5 years | 6.90% | |
| 5 years to 10 years | 6.80% | |
| Above 1 year up to 1 year 6 months | Card Rate issued by Treasury Operations, Mumbai on daily basis on Corporate Deposits of maturity period of 1 year for similar deposit amount | |
| Above 1 year 6 months up to 3 years | Card Rate issued by Treasury Operations, Mumbai on daily basis on Corporate Deposits of maturity period of 1 year for similar deposit amount+0.10% |
8. ING VYSYA Bank
Privately owned Indian multinational bank based in Bangalore, was earlier known as VYSYA bank but after acquiring some shares by Dutch ING Group, its name is changed. Innovation and creativity are the secret factors for its expansion and success. Along with this, it has a network of over 1,000 outlets, including 527 branches, which served over two million customers. You can avail Banking, Financial Services & insurance facility here.
| Founded | 2002 |
| Headquarters | Bangalore, India |
| Key people | Shailendra Bhandari(CEO & Managing Director), Uday Sareen(deputy CEO), Arun Thiagarajan(Chairman) |
| Revenue | 5,588 crore(US$830 million) |
| Net income | 613 crore(US$91 million) |
| Total assets | 54,836 crore(US$8.1 billion) |
| Number of employees | Over 10,000,No. of Branches: 527
No. of ATMS: 405 |
ING VYSYA Bank Interest Rates
| Account Type | Interest Rate | Minimum Balance |
| Orange Savings Bank A/c | 4% | Rs. 50,000 |
| Advantage Salary Account | Rs. 10,000 | |
| Solo Savings Account | Rs 500 | |
| Freedom Account | Rs 1000 | |
| General saving account | Rs 500 | |
| Saral saving account | Rs 200 |
10.KARUR VYSYA Bank
KARUR VYSYA Bank is one the leading bank in private sector with headquartered in Karur (Tamil Nadu). Being founded in 1916 by Athi Krishna Chettiar, it delivers excellent services to its customers. With around 7,500 employees, it has 550 branches in over 18 states across the country. Just open your account in KARUR VYSYA Bank and avail all the facilities like Retail banking, Commercial banking, Investment banking and many more.
| Founded | 1916 |
| Headquarters | Karur, Tamil Nadu, India |
| Key people | B.Swaminathan(Chairman),K. Venkataraman(MD & CEO), G. Rajasekaran(Director),A J Suriyanarayana(Director), |
| Products | Investment Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Gift cards, Multicurrency travel card, Prepaid cards, |
| Revenue | 5,126.6 million(US$76 million)(2011–2012) |
| Number of employees | 7,071 |
KARUR VYSYA Bank Interest Rate
| Type of Savings Account | Monthly Average Balance |
| Shakthi Savings Account | Rs. 5, 000 |
| Jumbo Kids Savings Account | Nil |
| Prestige Savings Account | Rs. 1, 00, 000 |
| Freedom Savings Account | Rs. 5, 000 |
| Student Savings Account | Nil |
| Rainbow Savings Account | Rs. 3, 000 |
| Yuvashakti SB Savings Account | Nil |
| Regular Savings Account | Rs. 1, 000 |
| Smart Savings Account | Nil |
| Basic Savings Bank Account | Nil |
Hope, you get all the details regarding Top 10 Private Banks in India 2017. Enjoy the facilities like deposits, withdrawals, mortgage loans etc. by just opening account in these Best & Largest Private Sector Banks. You may book mark this page by pressing Ctrl+D for more updates at coolexample.in Dear visitors, we think that this article will proof beneficial for you. For More Information about Private Sector Banks in India stay tuned with our page.
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