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

  1. HDFC Bank
  2. ICICI Bank
  3. Axis Bank
  4. Kotak Mahindra Bank
  5. Yes Bank
  6. Federal Bank
  7. Indusland Bank
  8. J&K Bank
  9. ING VYSYA Bank
  10. 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%


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


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  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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