Reliable, having clean background. Review on Tips on Choosing a Bank

There are a plenty number of banks running in india. It is really confusing to decide among them.

In my experience while choosing a bank to open account consider the following points:

• Banks with clean background, I mean those which have very old history because they are reliable. I have seen In many countries that new established banks robbed millions of people money after working for a short time. So do not trust on any bank which is established newly.

  
  




• Low annual interest rate: this advantage is important for traders who need funds for developing their business.

  
  

I can suggest SBI for having lowest loan interest rate( 14% p.a)

• Low ATM charges: Atm usage is getting more common among people. Most of us use atm at least one time daily. So choose the bank which has low atm charges because banks charge you each time you use atm.

SBI gives 3 free transactions in a month and after consuming free transactions sbi charge Rs.20 for each time you use atm.

ICIC bank atm charges is Rs. 200. So ideal one is SBI, Axis bank also have low charges.

• Fast banking process:

Banks which provides fast services are likely to be reliable.

Fast money deposit process, fast internet banking, fast money withdraw process.

Again I suggest SBI. They really do great.

At last, choose the bank which is reliable and provides the services you need.

I hope this review be helpful for you guys

Regards .