Sukra - Personal Finance

Information of Indian financial products - Banking, Investments, Credit Cards, Loans and Insurance

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Banking

May 31st, 2008 · No Comments

Types of Banks :-
Public Sector Banks :
- State Bank of India (SBI), Bank of India, Canara Bank, Central bank of India, Corporation bank, Indian Bank, Indian overseas bank, Syndicate Bank, UCO Bank

Private Sector Banks :
- HDFC Bank, ICICI Bank, Federal Bank, ING Vysya Bank, Axis Bank, Yes Bank

Foreign Banks :
- ABN Amro, BNP Paribas, Citibank, HSBC, Standard Chartered

Cooperative Banks :
- Sarasvat, Mahanagar,

Deposits & Accounts :-
All deposits such as Savings Account , Fixed Deposit, Current Account and Recurring Deposits are insured upto Rs 1,00,000 (1 lakh).
Deposits in all banks (even cooperative and private sector banks) in India are insured by Deposit Insurance and Credit Guarantee Corporation (DICGC). The deposit insurance system in India is subject to the Provisions of Deposit Insurance Act

Banking Ombudsman -

If you receive poor service or if you want to complain about a bank, you can contact Banking Ombudsman - Reserve bank of India
List of Banking Ombudsman offices - http://www.rbi.org.in/scripts/AboutUsDisplay.aspx?pg=Ombudsmen.htm

List of Bank Holidays - http://www.rbi.org.in/scripts/HolidayMatrixDisplay.aspx

Tags: Banking

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