Bank account opening

[hsdesai]

Hello,

This might look stupid but can anyone recommend a good small finance Bank to open an account? Better interest rate, services and security.
Also what should be preferred - private banks or SFB?

 

[ShavirB]

Hello,

This might look stupid but can anyone recommend a good small finance Bank to open an account? Better interest rate, services and security.
Also what should be preferred - private banks or SFB?

Hi! Firstly this is NOT a stupid question. It is a genuine query.

You can consider AU Small Finance Bank. It offers decent rates of Savings, FD, etc., plus it has a good digital banking experience

 

[hsdesai]

Hi! Firstly this is NOT a stupid question. It is a genuine query.

You can consider AU Small Finance Bank. It offers decent rates of Savings, FD, etc., plus it has a good digital banking experience

And when compared to private bank, should I go for any private banks or SFB is a better option?

 

[ShavirB]

And when compared to private bank, should I go for any private banks or SFB is a better option?

I think there's some confusion here. Just like Regular Banks, SFBs can also be both private and PSU banks.

 

[hsdesai]

Not at all! It's not a stupid question at all. When it comes to small finance banks, one option you can consider is Equitas Small Finance Bank. They offer competitive interest rates, good services, and prioritize security. Another option is Ujjivan Small Finance Bank, which also offers attractive interest rates and reliable services. As for your preference between private banks and small finance banks, it really depends on your personal preference and the specific features and benefits you're looking for. Both private banks and small finance banks have their own advantages and disadvantages.

Thank you so much for your suggestions.