I had been recently looking for the same answer since I wanted to open a new savings account. Savings Accounts are one the best ways to save and earn good interest on the savings if you have a stable source of income. So we are always on the lookout for which bank gives highest interest rate on saving account. But with so many private and public sector banks in India which thrive to offer top-class customer services and good interest rates on savings accounts, it can be difficult to make a choice.
Get the Lowest Interest Rates by Leading Banks on Home Loans at NoBroker.So, I am going to list all the leading banks in India and the rate of interest they provide on savings account and you can make a decision on which bank gives more interest on savings account.
| Sl. No. | Name of the Bank | Rate of Interest on Savings Account (in percentage) |
1 |
Yes Bank |
5.0 - 6.25 |
2 |
DCB Bank |
5.65 |
3 |
RBL Bank |
4.75 - 6.0 |
4 |
IndusInd Bank |
4.0 - 6.0 |
5 |
Kotak Mahindra Bank |
3.5 - 4.0 |
6 |
Axis Bank |
3.0 - 3.75 |
7 |
HDFC Bank |
3.0 - 3.5 |
8 |
ICICI Bank |
3.0 - 3.5 |
9 |
State Bank of India |
2.7 |
10 |
CitiBank |
2.5 - 4.0 |
So, as we can see, different banks provide different rates of interest for savings accounts. We can get a lot of help in deciding which bank gives more interest for savings account through the table above. But it should also be kept in mind that different banks have different schemes and different kinds of savings accounts. You should not base your decision of opening or investing in a savings account just on which bank gives highest interest on savings account. Rather you must go through the different plans offered by every bank and then arrive at a decision.
I hope my take on which bank gives highest interest rate on saving account helps you make a better decision.
Read More: Which Bank Gives Highest Interest Rate? What is the Lowest Home Loan Interest Rate in India?Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Which Bank gives Highest Interest Rate on Saving Account?
Johnson Tirkey
2356 Views
1
3 Year
2022-04-08T20:07:38+00:00 2022-04-08T20:07:39+00:00Comment
Share