New Bank Account opening

I have even heard that opening a bank account in HDFC is quite beneficial

Originally posted by : Sourav
	State Bank of India

Why do you think that opening a bank account in State Bank of India is beneficial ?

Okay but is it also better than the private banks such as HDFC,Axis, IDFC?

because I have often heard that SBI because of being a public sector bank isn't very great with its operations. 

Private banks are more flexible in giving loans and other services whereas govt banks want proper and completed paper work when allowing loans etc.

If in future you would require loans etc then its beneficial to open a account in private bank as they need to check your banking before sanctioning any loans and if you already have an current account with them its easier to talk to them for loans. Depending on your account size they also somtimes offer you TOD services, means immediate loans. For example your monthly transaction in your account is Rs. 15 lakhs and you immediately need 50000, you can ask for this amont and they will sanction a limit for this amount depending on your monthly trasactions etc or if you have a fd in their bank for say 1 lakh.

HDFC has the best online banking services.

yes even I am thinking that it is wiser to open a bank account in a privately owned bank rather than a public bank due to the ease of operations in a private bank. It would be more beneficial to open an account in HDFC Bank