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State Bank of India vs HDFC Bank: which is better? Comparison 2026

By our public methodology State Bank of India scores 96 out of 100 and HDFC Bank scores 93. Below: the factors and facts where they differ, each fact with its source.

Banks in India 2026: a ranking built on verified facts How we rank

1

State Bank of India

96/100

2

HDFC Bank

93/100

Score breakdown

	State Bank of India	HDFC Bank
Safety	100	100
Digital services	86	86
Products	100	100
Transparency	100	83

Pros and cons

State Bank of India

Wide range of products for private customers
Long track record as a licensed bank
Member of a deposit protection scheme
Holds its own current rating from a recognised agency

HDFC Bank

Wide range of products for private customers
Long track record as a licensed bank
Member of a deposit protection scheme
Holds its own current rating from a recognised agency

Facts side by side

Fact	State Bank of India	HDFC Bank
Licensed since	1806 sbi.bank.in	1994 hdfc.bank.in
Deposit protection	Yes sbi.bank.in	Yes hdfc.bank.in
Agency rating	Yes sbi.bank.in	Yes homeloans.hdfc.bank.in
Annual reports online	Yes sbi.bank.in	Yes hdfc.bank.in
Mobile app	Yes sbi.bank.in	Yes hdfc.bank.in
Open an account online	Yes sbi.bank.in	Yes hdfc.bank.in
Instant payments	Yes sbi.bank.in	Yes hdfc.bank.in
24/7 support	Not verified	No hdfc.bank.in
Retail lines offered (of 6)	6 sbi.bank.in	6 hdfc.bank.in
Tariffs online	Yes sbi.bank.in	Yes hdfc.bank.in
Deposit rates online	Yes sbi.bank.in	Yes hdfc.bank.in
Complaints procedure published	Yes sbi.bank.in	Yes hdfc.bank.in
Branches in the country	23,321 sbi.bank.in	Not verified