Banks in India
Banks operating in India. Compare branches, ATMs, and see options for students and tourists.
Overview
Banking System in India
The banking system in India is regulated by local financial authorities and offers a mix of local and international banks. Whether you're a resident, student, expat, or tourist, understanding the banking landscape in India is essential for managing your finances effectively.
Most banks in India offer standard services including current accounts, savings accounts, credit cards, loans, and international money transfers. Many banks also provide specialized services for students, expats, and businesses operating in India.
When choosing a bank in India, consider factors such as account fees, minimum balance requirements, ATM network coverage, online banking capabilities, and eligibility requirements for non-residents. Learn more about opening a bank account in India as a foreigner.
Banks Operating in India
| Bank | HQ | |
|---|---|---|
DB
DBS Bank
|
Singapore | View profile |
EN
Emirates NBD
|
United Arab Emirates | View profile |
HB
HDFC Bank
|
India | View profile |
IB
ICICI Bank
|
India | View profile |
IG
ING Group
|
Netherlands | View profile |
KB
KB Kookmin Bank
|
South Korea | View profile |
SI
State Bank of India
|
India | View profile |
I(
Industrial and Commercial Bank of China (ICBC)
|
China | View profile |
BA
Bank of America
|
United States | View profile |
HS
HSBC
|
United Kingdom | View profile |
BP
BNP Paribas
|
France | View profile |
MB
MUFG Bank
|
Japan | View profile |
BA
Barclays
|
United Kingdom | View profile |
CI
Citibank
|
United States | View profile |
CA
Crédit Agricole
|
France | View profile |
Account Types and Payment Methods
Banks in India typically offer several account types:
- Current Accounts: For everyday banking, bill payments, and direct debits. Often come with debit cards and online banking access.
- Savings Accounts: For earning interest on deposits. Interest rates vary by bank and account type.
- Student Accounts: Special accounts for students with reduced fees and simplified requirements. See student-friendly banks in India.
- Business Accounts: For companies and entrepreneurs operating in India.
Payment methods commonly used in India include debit cards, credit cards, bank transfers, and mobile payment apps. Many banks offer contactless payment options and mobile banking apps for convenient transactions.
Banking Safety and Deposit Insurance
Bank deposits in India are typically protected by deposit insurance schemes that cover a certain amount per depositor per bank. This protection helps ensure the safety of your funds in case of bank failure.
When choosing a bank, verify that it is licensed and regulated by the appropriate financial authority in India. Licensed banks are required to meet capital requirements and follow strict regulatory standards to protect depositors.