Bank | Money | Safety

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Deal Cadet
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most of us today have multiple savings account….so wanted to know…which bank u guys prefer to keep big amount of money for safety reasons…or prefer ones like kotak which give 6% interest on saving accnt too?

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5 Dimers
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I use the combination of banks
citi – online safety – they have fraud detection software and very good Customer Care
hdfc- with locked atm card and online fixed deposits for min 45 days
sbi – with no atm card and with view only internet banking

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ramadesidime wrote:

I use the combination of banks
citi – online safety – they have fraud detection software and very good Customer Care
hdfc- with locked atm card and online fixed deposits for min 45 days
sbi – with no atm card and with view only internet banking

Bt wich is gud for keeping major balance?

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Only 1lakh is insured for any bank acc 😀 SBI, HDFC & ICICI are D-SIBs (domestic systemically important banks) accd to RBI which means they are secure as they are too big to fail.
You can also go with BOB, axis & other large public sector banks.

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arunrush680 wrote:

Only 1lakh is insured for any bank acc 😀 SBI, HDFC & ICICI are D-SIBs (domestic systemically important banks) accd to RBI which means they are secure as they are too big to fail.
You can also go with BOB, axis & other large public sector banks.

Is kotak safe?

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deal_nirbhar wrote:

Is kotak safe?

Yes, every bank is safe atleast in India. No govt would leave the customers even if there is a crisis. We have seen what happened with GTB.

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