Nowadays it is common for every person to have a bank account. Bank account holders have confidence in their banks, but it is also important to know which banks are actually more secure. All banks operate under the rules of the Reserve Bank of India (RBI), but there are some banks which have been considered particularly safe. Let us know about these banks.

How much money will you get if the bank collapses?

If a bank collapses, then RBI insurance rules Account holders under maximum ₹5 lakh Gets money up to Rs. This means that if you have deposited more than ₹5 lakh, the security of the remaining amount is not assured. Therefore, to keep your money safe, it is important to deposit it in those banks which have been categorized as “safe banks” by RBI.

3 safest banks of India

RBI has Domestic Systemically Important Banks (D-SIBs) 3 banks have been kept in the category. These banks are considered extremely important for the Indian economy. In case these banks collapse, the government makes every possible effort to save them.

list of secured banks

1. State Bank of India (SBI):
   India's largest government bank, which is considered to be the safest bank. SBI's large assets and wide reach across the country make it safe.
2. HDFC Bank:
   This is the largest private bank in the country. It was included in the list of D-SIB in 2017.
3. ICICI Bank:
   This is the second major private bank which comes in the list of D-SIBs.

Other major banks

• Punjab National Bank (PNB):It is also considered a trustworthy bank.

Why are these banks safe?

According to RBI, D-SIBs include banks whose assets constitute 2% or more of India's GDP. If these banks sink, it will have a deep impact on the economy. These banks are classified into a “bucket system”, with the fifth bucket considered the safest.

Tips to keep your hard-earned money safe

• Limit your deposit to ₹5 lakh, so that the entire amount is covered under insurance.
• Invest in banks included in the list of safe banks.
• Distribute your deposits among different banks.

In the list of safest banks in India SBI, HDFC BankAnd ICICI Bank Are prominent. Due to the economic stability of these banks and special regulations from RBI, they are the safest option for your money.

Note: It is always better to distribute your investments among different safe options.