Savings Accounts: Many public and private sector banks in India provide services of many types of savings accounts which are designed according to different needs. Interest rates on savings accounts generally range from 2.60 percent to 8 percent per annum and depend on the balance maintained in the account.
If you are also going to open a savings account, then before that definitely know which banks give how much interest on savings accounts. Before opening an account, be sure to understand the interest rate offered on savings accounts and the specific account features. Here, information is given about the interest rates offered by many banks and their savings options.
Latest interest rates on savings accounts of top banks of the country
Many banks offer low interest rates. Here is the list of those banks which Savings up to Rs 1 lakh But give the most interest-
| list of banks | interest rate |
| Jana Small Finance Bank Limited | 3.50 percent per annum |
| RBL Bank Limited | 4.25 percent per annum |
| yes bank | 3.00 percent per annum |
| North East Small Finance Bank Limited | 4.00 percent per annum |
| Utkarsh Small Finance Bank Limited | 4.00 percent per annum |
| Suryoday Small Finance Bank Limited | 3.00 percent per annum |
| Fincare Small Finance Bank Limited | 3.51 percent annually |
| IndusInd Bank | 3.50 percent per annum |
| EAAF Small Finance Bank Limited | 3.50 percent per annum |
| IDFC First Bank Limited | 3.00 percent per annum |
Interest rate on deposits between Rs 1 lakh and Rs 5 lakh in savings account
Many banks offer competitive interest rates on deposits ranging from Rs 1 lakh to Rs 5 lakh. Please note that deposits up to Rs 5 lakh in any bank are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). In case of bank default, the account holder is given protection up to this limit. Below are given some banks which are within this limit i.e. Saving account of Rs 5 lakh But give the highest interest.
| bank | interest rate |
| Bandhan Bank | 6.00 percent per annum |
| Equitas Small Finance Bank | 5.00 percent per annum |
| Ujjwal Small Finance Bank | 5.00 percent per annum |
| DBS Bank | 7.00% per annum (on balance above Rs 4 to 5 lakh) |
| Jana Small Finance Bank | 5.00% per annum (on balance above Rs 1 lakh and up to Rs 5 lakh) |
| Utkarsh Small Finance Bank | 6.25 percent per annum |
| Suryoday Small Finance Bank | 5.00 percent per annum |
| Fincare Small Finance Bank | 7.11 per cent per annum (on balance above Rs 2 lakh and up to Rs 5 lakh) |
| yes bank | 4.00 percent per annum |
| RBL Bank | 5.50 percent per annum (on balance more than Rs 1 lakh and up to Rs 10 lakh) |
(Note: The interest rate is updated on regular basis by the bank and this list is updated till September 11, 2024.)
read this also
Want to save from salary every month, adopt these 7 easy methods from today itself.
