I keep it simple: I use banks that exist in my country and operate legally, even digital ones. It seems logical to me. If you’re in India and looking for a good, reliable online bank, I suggest you to try this digital bank. Roarbank works for me in all the points that matter: comfortable credit card terms, cashback, EMI from 2 to 12 months, etc.
I think everywhere there are good banks with great conditions, and then there are banks that are just bad, which you shouldn’t deal with at all. And yeah, I don’t really know what an offshore bank account is.
Yes, you are right, Offshore accounts serve the purpose of tax benefits, privacy protection and capital mobility. However, such accounts are still subject to anti-money laundering and tax evasion laws, secret bank account check. The main feature of offshore bank accounts is that sometimes, depending on the jurisdiction, it is possible to transfer funds outside the country without any restrictions imposed by law or other country regulations (e.g. currency controls).
Switzerland. Switzerland is one of the top choices for offshore banking due to its strong privacy laws, political neutrality, and stable economy.