Which Bank's Account should i open??

sude · 12-09-2008, 12:57 AM

friends..
its high time, i am thinking of opening an Bank Account (preferably a Savings Account)..
but i am confused which bank to go for..

the account i will be opening will remain for entire future use..
please suggest which bank's account should i open??
along with mention what facilities i will be getting..??

please describe in simple language.. as i am novice to this field..
i have visited bank's websites too, but as i couldnot understand the terms.. could not decide which bank to go for..

please help me friends. i need to create a website soon..

thnx in advance,,
SUDE

R2K · 12-09-2008, 02:01 PM

go for a bank which has lots of branches as well as ATM counters..

also look at other goodies which include facilities like internet banking credit card support etc..

din · 12-09-2008, 03:16 PM

Max branches all over India, max ATM - I think SBI

SBI has a nice internet banking interface as well. Quite good.

Thinking future - Public Sector Bank (less risks), lot of branches, lot of ATMs, Internet Banking, Payment gateway for many services, NEFT / Third party cash transfer facility and it even support Paypal withdrawals.

From my experience :

Opening an account with SBI - less than 1 hr.

Internet banking - Active within 24 hrs of application with all facilities.

My wife use her account for paypal withdrawals and it takes only 2 days for that.

Gigacore · 12-09-2008, 03:26 PM

+1 for SBI

karmanya · 12-09-2008, 03:30 PM

I have an SBI savings account(in my dad's name, cuz im only 16). Though, I chose it when I was 12, for the only reason that it has a branch right opposite my house.

ray|raven · 12-09-2008, 03:35 PM

SBI is your best call , considering number of branches/ATM's.
But the customer service isnt so great.
Personally , i feel Citibank is much better in terms of service.

Charan · 12-09-2008, 03:42 PM

+1 Sbi

R2K · 12-09-2008, 03:47 PM

ICICI bank is also good......and popular too...

iinfi · 12-09-2008, 04:48 PM

icici

rhitwick · 12-09-2008, 06:33 PM

+1 for ICICI.........it may have less no of branches and ATMs but it has more no. of ATMs in a city than any other banks..........in other words if in a city u want an ATM, u'll find ICICI having it in all impossible places u'venot even thought.........but they lack in village side(lack would be less I would say sux)..........yeah for future use........ICICI credit cards, DMAT all can be integrated with ur bank account..........u don't even need to visit ur bank......trust me...........

SBI is good..........its government oriented.........so.a bit of relief on mischievous activities..........but netbanking is still not improved........a lot of functions u still can't be executed through net.......

HDFC.....

These all r from my personal experience.............I hold savings/salary savings accounts from all three banks mentioned here

a_k_s_h_a_y · 12-09-2008, 07:16 PM

SBI and Kotak Mahindra. My fav.

desiibond · 12-09-2008, 07:26 PM

i always trust SBI. They are the best.

Garbage · 12-09-2008, 07:35 PM

Swiss Bank

Jokes apart... +1 for SBI

prasad_den · 12-09-2008, 08:01 PM

One more vote for SBI and ICICI. Satisfied customer in both banks for the past 5 years..!! One disadvantage of ICICI is that the minimum quarterly balance has to be 10K..! That'll be difficult to some. Otherwise, service is good, and e-banking facility is excellent.
SBI on the other hand has a minimum balance of a paltry 500 if you opt to go without cheques and 1000 for with cheque.. E-banking though is not as good and developed as ICICI.

iChaitanya · 13-09-2008, 05:11 AM

Quote:

Originally Posted by Charan

+1 Sbi

Yes, SBI it is!

+1 for SBI.

Ph4x0r · 13-09-2008, 05:21 AM

SBI for sure !

esumitkumar · 13-09-2008, 06:12 AM

ICICI rocks...they charge u for srvices..but beleive me no netbanking is as strong as ICICI..it roxxxxxxxxxx

im using it for more than 4 years...HDFC totally suxxxx

ThinkFree · 13-09-2008, 09:35 AM

ICICI bank
KEEP average quarterly balance above Rs. 10000 and get access to any bank's ATM without any extra charge+ A large network of it's own ATMs, open 8AM-8PM six days a week
Else HDFC

shashank4u · 13-09-2008, 10:40 AM

HDFC is far ahead when it comes to netbanking, their netsafe VCC rocks. Though there is 5K minimum balance.

Actually all banks are good, just search for a bank in your vicinity.

if you don't need online banking then SBI is good as they have lot of ATMS, people choice.

victor_rambo · 13-09-2008, 11:04 AM

Let us know if you require a credit card and you want to ue it with PayPal. A credit card comes very handy when you need to make purchases(esp. software licenses). Also, in that case, debit cards/ATM cards are not accepted by Paypal.

hard_rock · 15-09-2008, 11:06 PM

+1 for SBI and ICICI..
ICICI's net banking is awesome with lots of features. I dont know about SBI netbanking.

Even ICICI has Virtual credit card facility. Its called b2 banking.

kumarmohit · 16-09-2008, 08:02 AM

SBI if you want to opt for Public Sector Bank.

shashank_re · 16-09-2008, 09:16 AM

Dont worry about the number of ATMs.You can use any card in any ATM and they gonna charge only 20 bucks per transaction.
And its going to be free from next year April 1st.
I would suggest you to go for HDFC

vilas_patil · 16-09-2008, 09:40 AM

ICICI Bank's services are good. They may charge you for the services but .. net banking is free.. and it's the best...

rhitwick · 16-09-2008, 10:08 AM

Quote:

Originally Posted by shashank_re

And its going to be free from next year April 1st.

Hmmmmm.......
April 1st..........
Hmmmmm

keshavasiva · 16-09-2008, 10:17 AM

^^^ Everyone just post their opinion but keeping in mind of bankruptcy thingy.. I have my view... But @Sude hasn't made a decision yet rite? SBI or HDFC as 1) Widely known and many branches 2) SBI is purely govt and HDFC has a govt stake .. so u needn't worry of lifting up!! hehe.... Don't think that to be a rare thingy as suppose if it happens after 20yrs from now where you have some 4lacs! then wouldn't you mind?? ICICI -----1 cuz its purely private .. very less no of branches and their own atms! They have a good service but who.. cares... thats until one more bank going bankrupt U know there was GTB where it was prestigious to have bank account. But what happened .. same thingy applies to any private bank!! Take care..

mehulved · 16-09-2008, 03:19 PM

Quote:

Originally Posted by sude

friends..
its high time, i am thinking of opening an Bank Account (preferably a Savings Account)..
but i am confused which bank to go for..

the account i will be opening will remain for entire future use..
please suggest which bank's account should i open??
along with mention what facilities i will be getting..??

please describe in simple language.. as i am novice to this field..
i have visited bank's websites too, but as i couldnot understand the terms.. could not decide which bank to go for..

please help me friends. i need to create a website soon..

thnx in advance,,
SUDE

I don't see anyone asking this till now but it's important that what you want to open a bank account for? What you expect from it?
Certain banks provide lots of value added services but charge higher amount for it. So, if you have the resources and want convinience opt for them.
Then there are banks that give you better returns and great customer services and are comparatively cheaper but don't offer too many additional services.
And finally, there's banks who offer great security, lower returns, few value added services. But, they may have great customer relationship and savings offers which some may need.
So, the first step is to determine what do you expect from your bank. Then you will have to find which banks offer those. Then research as to which among the shortlisted ones offer the best services at an acceptable cost.
Also, I believe KYC and stuff requires some existing customer to introduce you to open a bank account.
So, determine what you want from the bank account then go further. It really isn't as complex as it sounds. And then if you could share with us as to what are your expectations then people can recommend a few banks and also some may put forth their experiences to help you out.

Some of the things you could consider before selecting a bank
1) Why do you want to open an account - saving, investment
2) What value added services do you expect from them - paying of monthly bills, mBanking, e-banking, bank assurance, ATM, etc
3) Convenience - you will just deal with the local branch and ATM or do you travel around a lot and expect the same bank to provide you the services whereever you travel.
4) Does the bank's performance, customer service, reputation instill enough confidence and trust in you to deal with them.

alter_ego · 30-09-2008, 06:54 PM

If u still making up your mind, go for Kotak. Their Net Banking is awesome. I am also an ICICI account holder and I know the difference. More importantly service is very personal and they don't give you tokens for everything.

Their personal bankers are also more informed than its competitiors.

They provide door step banking and it actually WORKS!!!