Question: How Is Axis Bank Different From Other Banks?

Which bank is better Icici or Axis Bank?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of Axis Bank Personal Loan is 10.49%, which is lower than the lowest interest rate of ICICI Bank at 10.75%.

ICICI Bank can be a better option if you are looking for a high value amount..

Is HDFC better or Axis Bank?

Both Axis Bank and HDFC Limited follow the same formula when it comes to ascertaining the loan amount. 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%.

Which bank is better SBI or Axis?

Lowest Interest rate of SBI Personal Loan is 9.60%, which is lower than the lowest interest rate of Axis Bank at 10.49%. … Axis Bank offers Personal Loan upto an amount of ₹ 25 Lakh while SBI offer Personal Loan upto an amount of ₹ 15 Lakh. Axis Bank can be a better option if you are looking for a high value amount.

What is Axis Bank old name?

The Bank changed their name from UTI Bank Ltd to Axis Bank Ltd with effect from July 30 2007 to avoid confusion with other unrelated entities with similar name.

Is IndusInd Bank in Trouble?

IndusInd Bank Ltd has been the worst hit by the crisis. The bank’s stock dropped 15% on Tuesday after the lender revealed in an investor call that it has lost 10-11% of its deposits since Yes Bank Ltd crumbled earlier this year. … State governments no longer think it is safe to keep money in the private sector bank.

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.

What is the full form of Axis Bank?

The United Trust of India (UTI) is considered one of the largest private banks in India. However, the bank later changed the name to AXIS that has no full form and is simply a name. IDBI. This is a government owned bank and the Full name is Industrial Development Bank of India (IDBI).

Is HDFC better than SBI?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of SBI Personal Loan is 9.60%, which is lower than the lowest interest rate of HDFC Bank at 10.50%. Hence, SBI is offering a cheaper loan option. … HDFC Bank can be a better option if you are looking for a high value amount.

Who is owner of Axis Bank?

Amitabh ChaudhryAxis BankTypePublicFounded1993HeadquartersMumbai, Maharashtra, IndiaNumber of locations4800+ branches (December 2019)Key peopleAmitabh Chaudhry (MD & CEO) Shri Rakesh Makhija (Chairman)14 more rows

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…•

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.

What is the safest bank to put your money in?

Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the Federal Deposit Insurance Corporation (FDIC) for bank accounts or the National Credit Union Administration (NCUA) for credit union accounts.

Which type of bank is Axis Bank?

private sector banksAxis Bank is one of the first new generation private sector banks to have begun operations in 1994.

Which private bank is best?

List of Top 10 Best Private Banks in IndiaHDFC Bank. – Advertisement – … ICICI Bank. ICICI Bank is a leading private Bank in India. … Axis Bank Ltd. … Kotak Mahindra Bank Ltd. … IndusInd Bank Ltd. … Yes Bank Ltd. … Federal Bank Ltd. … IDFC First Bank Ltd.More items…

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.