Quick Answer: Which Is Better HDFC Or Axis?

What is monthly service fee in Axis Bank?

Rs.10Monthly Service Fee (MSF) of Rs.

10 for every Rs.

100 shortfall in required balance or Rs.

300, whichever is lower, with a minimum charge of Rs..

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Which Axis bank account is best?

Prime Savings AccountUnlimited (free) cheque books, without any charge.Unlimited (free) Demand Draft (DD), without any charge.A Secure Plus Debit Card, at a zero issuance fee.Daily withdrawal limit of Rs 50,000 at ATMs.Daily limit of Rs 75,000 on shopping transactions.Earn Axis eDGE Reward points.More items…•

Why is IndusInd Bank falling?

Asset Quality Stress is Inevitable Due to COVID-19 Lockdown IndusInd was one of the banks which had significant exposure to IL&FS, of around Rs 3,000 crore. With no recovery in sight, this exposure has been provided for over quarters aggressively.

Is Axis 2020 Safe?

Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. … The bank offers different loans and fee-based products and services to large and mid-corporate customers.

What is Axis bank prime account?

Axis Bank’s Prime Savings Account gives you an edge in the way you bank. Benefits of the Prime Savings Account include enhanced transaction limits, free & unlimited demand drafts / pay orders, unlimited cheque books and a personal accident insurance cover of up to Rs. 5 lakh.

Which bank is better HDFC or Icici or axis?

ICICI Bank had the highest Net Non-Performing Assets (NNPA) of 0.62% compared with just 0.25% and 0.20% for Axis Bank and HDFC Bank, respectively. … It also provided for higher provision coverage ratio of 80.91%, higher than ICICI (80.4%), but lower than HDFC Bank (82.4%).

Is Axis Bank better than other banks?

Axis Bank’s growth rate is faster than that of other private banks. … BUSINESS:Corporate banking is a major area of operations for Axis Bank. It provides credit and trade finance, project finance and syndication services to its clients.

Is HDFC better than SBI?

This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India. What’s worse, the stock shed nearly 6% more in value in trade today….BankMarket capitalisation as of May 4HDFC Bank₹5 lakh crore1 more row•May 5, 2020

What is minimum balance in Axis Bank?

Axis Bank Minimum Balance Requirements The minimum balance amount ranges from as low as Rs. 2,500 to Rs. 1,00,000/-.

Which bank is best in India?

Summary of Best Banks to Buy now in IndiaSr. No.Company NameRating (Stars)1HDFC Bank Ltd.4.52Kotak Mahindra Bank Ltd.43ICICI Bank Ltd.44Axis Bank Ltd.414 more rows•Sep 1, 2020

Is HDFC better or Axis Bank?

But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%….People Also Look For.Home Loan Interest Rates November 2020Axis Bank7.75% – 8.55%Bank of Baroda6.85% – 8.25%Citibank7.13% – 8.03%HDFC6.90% – 7.65%9 more rows

What is the future of Axis Bank?

The outlook for the stock of Axis Bank (Rs 752.25) is positive. It finds an immediate support at Rs 715 and a crucial one at Rs 660. If the current trend sustains and if the stock rules above Rs 732, it has the potential to reach Rs 1,020. We expect the stock to maintain the current bullish trend.

Is Icici Bank better than Axis Bank?

Like Axis bank, ICICI bank too offers top of the line home loan products, and is one of the most renowned banks in the country….Comparison Between Axis Bank vs ICICI Bank Home Loan.CategoryAxis bank Home LoanICICI bank Home LoanRate of interest7.75% p.a.6.95% p.a.Loan tenureUp to 30 yearsUp to 30 years9 more rows

What is the salary of HDFC Bank?

₹518,845 a yearAverage Salary for HDFC Bank Pvt Ltd Employees in India HDFC Bank Pvt Ltd pays its employees an average of ₹518,845 a year. Salaries at HDFC Bank Pvt Ltd range from an average of ₹208,003 to ₹1,321,247 a year.

Is HDFC Safe 2020?

So your bank Fixed Deposits (FDs) are safe. … And these are State Bank of India (SBI), HDFC Bank and ICICI Bank.

Is Axis Bank a good bank?

Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2009-13) 37% in Net Profit with a balance sheet size of Rs. … The Bank has a network of 2225 branches and extension counters and 11796 ATMs and 7 International countries.

Is Axis Bank going to shut down?

“ In line with the said objective, the bank has taken a decision to fully wind down and close the operations of Axis Bank UK Limited, a subsidiary of the bank, and surrender the banking licence by the end of April 2021,” the bank said in a statement.