Best Banks to open Savings Accounts at

    Almost all of us have bank accounts. The very basic thing that we expect of our banks is the ability to keep our money safe. That has to be the hygienic feature for all of us, that is the minimum that we would expect our ask to do. Our next rung of expectation from our bank has to be the ability to increase our money with time. And for that purpose, banks have come out with loads of schemes like Fixed Deposit, Systematic Investment Plan, Recurring Deposit, Mutual Funds etc. But we have also associated the ease of maintaining a Savings account in bank with a few additional features that a bank can lure us with. These features include the various interest rates depending on the balance in the savings accounts along with other good to have features like discounts on home leans or car loans for an already existing customer, discounts on locker rentals and so on and so forth. We have tried to rank the top banks of the country according to the features they offer for the savings bank account holders having discounted all other features like customer centricity, home loan interest rates etc. and have come up with the best banks to open your savings accounts at!

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    8ICICI Bank

    ICICI Bank is one of the leading private sector Indian banks of the country. ICICI stands for Industrial Credit and Investment Corporation of India and is headquartered at Mumbai. As of 2017, it was the third largest bank in India in terms of assets and fourth in term of market capitalisation. ICICI Bank offers a plethora of services for its customers ranging from investment banking to life and non-life insurance to venture capital and asset management along with retail and corporate banking. The bank has a vast network of 4,850 branches and 14,404 ATMs in India, and has a presence in 18 countries apart from India.

    ICICI Bank has been able to expand to more than a handful of countries as it has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman, Dubai International Finance Centre, China and South Africa. ICICI Bank also has representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company’s UK subsidiary has also established branches in Belgium and Germany. The parent body of ICICI Bank hold only 46% stake in ICICI Bank as they had taken out an IPO in 1998 which was followed by another equity offering on the New York Stock Exchange in 2000.

    ICICI Bank has a fixed interest rate of 4% for all and any of its saving bank accounts. It has more than 10 different types of savings bank accounts. A few important ones out of these 11 different savings accounts are Titanium Privilege savings account, Gold Privilege savings account, Silver savings account, Regular savings account, Young Stars and Smart Star account, Advantage Woman savings account, Senior Citizens savings account etc. Under the Titanium Privilege Savings account, ICICI Bank offers 40% discount on annual locker rent, waiver of Trading account opening fee of Rs. 975 and first year’s Demat Account Maintenance Charge of Rs. 500, transfer of surplus cash in the Savings account to a fixed deposit account. Under the Titanium Privilege Savings account, ICICI Bank offers 20% discount on annual locker rent, waiver of Trading account opening fee of Rs. 975 and first year’s Demat Account Maintenance Charge of Rs. 500.

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