LAW OF CONTRACT

ASSIGNMENT
BANK SURVEY

NAME OF BANKS:

State Bank of India

Punjab National Bank

Axis Bank

ICICI BANK
HDFC BANK

IDFC FIRST BANK

KOTAK MAHINDRA BANK

ANY OTHER BANK

RATE OF INEREST IN SAVINGS ACCOUNT

1.IDFC = 4% p.a.
2. KOTAK MAHINDRA BANK= 3.50%
3. HDFC BANK= 3.50%
4. ICICI BANK 3.50%
5. AXIS BANK =3%
6. PUNJAB NATIONAL BANK =3%
7. STATE BANK OF INDIA = 2.70%

CURRENT ACCOUNT OVERDRAFT LIMIT

1. STATE BANK OF INDIA- 10,000

2. PUNJAB NATIONAL BANK- up to 3 lakhs

3. AXIS BANK- 25,000

4. ICICI BANK- COULDN'T FIND

5. HDFC BANK- 50,000

6. IDFC FIRST BANK- COULDN'T FIND

7. KOTAK MAHINDRA BANK- COULDN'T FIND

EXISTING CUSTOMERS OF THESE MENTIONED BANKS

1. State Bank of India- 420 million customers
 2. Punjab National Bank- More than 18 Crore Customers
3. Axis Bank- 26 million
4. ICICI BANK- 18.5 million
5. HDFC BANK- 18 Crore Customers
6. IDFC FIRST BANK- over 7.3 million customers
7. KOTAK MAHINDRA BANK- 8 million

CONCLUSION;
Most people favor IDFC bank as it has the highest interest rate in the savings account but there are still
many people who prefer having their account in the state ban k of India as it is a government bank and
has a goof market value and the creditability for the same. However, if we look at the current accounts
the highest limit is of Punjab national bank so people prefer it more. State bank of India has overall
maximum customers in comparison to all the banks because of its creditability

Rakhi Dhamija

Second semester

Bba llb