Idfc bank query
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Is it safe to keep money in idfc bank after seeing the situation of yes bank.
As many dimers are having a good amount in this bank for high rate of interest, so I thought this threat will be useful for all.
Dimers from a banking background, please throw a light on this topic.
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agreed
what about small finance banks like jana bank
Pls tell about jana small finance bank after checking bse/nse other things i have put fds of more than6 lakhs
10-50k rakho, if situation arises like this you can withdraw all.
Nothing comes with safety
No pvt banks are safe
No psu banks are safe
No cash is safe
Even though nor your life is safe.
We plan things for 20 years in future but we don’t know what misadventure could happen next day? Eg.. Like i could have been killed by mob lynching in Delhi Riots in our area.
Everything comes with risk forget thinking something is safe.
Live in the moment and enjoy present and give time to your loved ones.
OP first of all any bank under RBI only ensure to insure 1 Lakh INR (Latest budget increased this amount to 5 Lakhs). Refer to https://www.rbi.org.in/commonperson/English/Scr...
Rest which banks are safe is a hard question to answer. I will layout an overview on how to judge a bank:
1. Share price comparison is a point that helps you decide the trend – https://www.moneycontrol.com/stocks/marketstats...
2. Check the vision of board members.
3. Check for services and availability in your area.
4. Where all your money is invested by bank.
Example: If Idea Vodafone goes down, IDFC will have the highest hit.
What is suggested:
Split your money in different banks.
Please Edit : Now 5 Lakh is insured by DICGC.
what about IDBI bank…. any reviews on this 
its gross NPA% is highest among any banks in india. 28%. never put money there. hdfc bank is 1.5% sbi is 8%
One more query !! I want to open saving bank account with Icici. Already have icici amazon pay cc . Which saving account type is best to open.
Keep money in DBS bank & kotak bank for their comparatively higher interest rate of 5.5%(2lakh,4% on first 1 lakh & 7% on next 1 lakh) & 5%(4% on first 1 lakh & 6% on amount above 1 lakh). Before you ask what is DBS bank,just read this https://en.wikipedia.org/wiki/DB...nk
Idfc first bank is also good like Hdfc,icici,axis. Every bank have same control and conditions of RBI. but management is good and very transparent in all their activities. NPA is also small like Hdfc, icici. Retail focused. 7% interest rate on saving account is also best in market. Others can’t provide 7% as they already funded and block their money in corporates. This is new emerging bank , branches network double in this year itself.
I think other than HDFC/ICICI no other private bank is safe.