Quick Answer: Is Icici Bank Better Than Axis Bank?

Is Axis Bank better than other banks?

The bank also provides derivatives and foreign exchange solutions to customers through its treasury segment.

Keeping these factors in mind, Axis Bank seems better poised to weather rising interest rates than its peers like ICICI Bank and HDFC Bank, wherein retail loans account for a much higher share of total advances..

Which account is best in Axis Bank?

An Axis Bank Prime Plus Savings Account holder is entitled to higher transaction limits, entertainment, pricing and reward benefits and the flexibility of maintaining an average monthly balance of Rs 1 lakh in their savings account. The Prime Plus Savings Account requires a minimum opening deposit of Rs 1, 00,000.

Is Axis Bank a safe bank?

Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. … Also, it provides securable services for Retail banking, corporate banking and international banking operations.

Who is the CEO of Axis Bank?

Amitabh Chaudhry (Jan 1, 2019–)Axis Bank/CEOAmitabh Chaudhry is the Managing Director and Chief Executive Officer of Axis Bank. He joined the bank in January 2019, after successfully leading HDFC Life for nine years.

Which is the safest bank in the world?

According to Global Finance, the world’s safest banks are:KfW, Germany.Zürcher Kantonalbank, Switzerland.Landwirtschaftliche Rentenbank, Germany.L-Bank, Germany.Bank Nederlandse Gemeenten, Netherlands.Nederlandse Waterschapsbank, Netherlands.BANK, Germany.Caisse des Dépôts et Consignations, France.More items…

Can I open zero balance account in Axis Bank?

ASAP Instant Savings Account – Axis Bank If you are looking to get your zero balance account opened in no time, then ASAP Instant Savings Account, from Axis Bank, is a perfect choice. Features of ASAP Instant Savings Account by Axis Bank are: Unlimited number of NEFT/RTGS from the mobile app.

What is the future of Axis Bank?

Traders can consider going long on Axis Bank futures with a stop loss at Rs 732. The stop-loss can be shifted to Rs 750 if the stock opens on positive note and stays well above this mark on Monday. Investors, who have patience with risk taking ability, can rollover positions and aim for a target of Rs 815 initially.

Which bank is better HDFC or Axis?

But, in terms of interest rates, HDFC is a better option as its highest rate is below 9%. Whereas, Axis Bank Home Loan Interest rates are way past 9%….Conclusion.Home Loan Interest Rates August 2020Axis Bank7.75% – 8.55%Bank of Baroda6.85% – 7.85%Citibank8.20%HDFC6.95% – 8.00%9 more rows

Is Axis Bank a government bank?

Axis Bank is the first private sector bank authorized by the Reserve Bank of India (RBI) and Government of India to collect taxes on behalf of the State Governments. Since 1 October 2003, Axis Bank has been able to handle all Central Government Business and State Government Business.

Which bank closed permanently in India?

In the false message being circulated on various social media platforms, it is being appealed to public to withdraw their money from them. “Nine banks will be closed permanently by Reserve Bank of India. If anybody having transactions in it please withdraw it.

Is Icici Bank better than HDFC?

ICICI Bank scored higher in 3 areas: Work-life balance, Culture & Values and % Recommend to a friend. HDFC Bank scored higher in 5 areas: Career Opportunities, Compensation & Benefits, Senior Management, CEO Approval and Positive Business Outlook. Both tied in 1 area: Overall Rating.

Which is the No 1 bank in India?

HDFC BankHDFC Bank emerged as India’s No 1 bank.

What is the full name of Axis Bank?

On 30 July 2007, UTI Bank changed its name to Axis Bank. In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank.

Will Axis Bank 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.

Which saving account is best?

Top 6 Best Savings Bank Account in India based on Interest RatesKotak Mahindra Bank.HDFC Bank.Axis Bank.IDFC First Bank.ICICI Bank Saving Account.SBI Savings Bank Account.

What is monthly service fee in Axis Bank?

Payable at Par ChequesMonthly Average BalanceNilCharges Above Free LimitUpto Rs. 2.5 crore – Rs. 1.50/1,000 Above Rs. 2.5 crore and upto Rs. 10 crore – Rs. 5/1,000 Above Rs 10 crore – Rs. 8/1,000Third Party DepositNot PermittedRemote Pay Order ChargesRs. 0.75/1,000, minimum Rs. 100 per Pay Order6 more rows

Can I open zero balance account in HDFC Bank?

You can open a Savings Account, but you don’t have to maintain a minimum balance for it. Despite this, the bank will still provide the usual facilities that come with a regular Savings Account. As the name of the account implies, this is a zero-balance account. … Consequently, there is no penalty in case of zero balance.