Most Preferred Bank To Invest Across FD: Most of the customers prefer State Bank of India for fixed deposits. This is not us but this has been recorded in the data of the central bank RBI for the year 2022. According to RBI data, 7 public sector banks and 3 private banks together hold 76 percent share in the total bank deposits.
SBI is the choice of customers
Most of the customers prefer State Bank of India for FD. According to the data, SBI has 23 percent share in the total bank deposits. Among all public sector banks, SBI has a market share of 36 percent in term deposits.
Customers also like these banks for FD
After SBI , the name of HDFC comes for FD in private banks. This private sector bank has 8 percent share in the total bank deposits. HDFC has a market share of 28 percent in term deposits among all private banks.
Canara and Union Bank of India
Public Sector Bank Canara and Union Bank of India are also the customers’ choice for FD. Both these banks hold 7 percent share in total bank deposits. Among all public sector banks, Canara has 12 percent market share in term deposits and Union Bank of India has 11 percent market share.
Bank of Baroda and Punjab National Bank
Bank of Baroda and Punjab National Bank come after Canara and Union Bank of India for FD. Both these banks hold 6 percent share in the total bank deposits. Among all public sector banks, Bank of Baroda and Punjab National Bank have 10 percent market share in term deposits.
ICICI Bank
After HDFC in private sector banks, ICICI Bank is preferred for FD. This private sector bank has 6 percent share in the total bank deposits. Among all private banks, ICICI Bank has a market share of 19 percent in term deposits.
Axis Bank
In private sector banks, after ICICI, Axis Bank is preferred for FD. This private sector bank has 5 percent share in the total bank deposits. Among all private banks, Axis Bank has a market share of 15 percent in term deposits.
Bank of India and Indian Bank
In this list of ten banks, the names of Bank of India and Indian Bank come last. Both these banks hold 4 percent share in the total bank deposits. Among all public sector banks, Bank of India and Indian Bank have 6 percent market share in term deposits.
