Correct. They are safer than crypto but what about the returns. The comparison OP did is based on just aspect which is not fair.
There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18
The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.
Banks give less than 5% interest on deposits and then they lose $2 billion to a scammer.