Highest interest rate for savings account in india

We can see that most of the major banks in India offer almost same interest rates. The most basic interest rates offered by the maximum bank ranges around 4%. IDFC First Bank and DBS Bank provide the highest interest rates on the balance in your savings account. But, these banks have very limited reach. Which bank offers highest interest rate on savings account in India? Banks. Allahabad Bank. Andhra Bank. Axis Bank. Bandhan Bank. Bank of Baroda. Bank of India. Bank of Maharashtra. Canara Bank. Catholic Syrian Bank. Central Bank of India. Citibank. City Union Bank. Corporation Bank. Many banks now offer zero balance savings account with high-interest rate which is more in demand as compared to the age-old pattern of keeping a few thousands in bank account to avoid penalties. Here is the list of all Indian banks and the features of their savings account.

Access the highest interest rates across Europe and increase your savings. Offered interest rates vary from product to product and from bank to bank, with a  1 Nov 2019 The interest rate on savings account deposits with SBI will fetch lower interest rates from November 1. India's biggest bank had announced the  3 Nov 2019 State Bank of India (SBI), the country's largest lender, recently lowered its interest rate on savings accounts with balance above Rs 1 lakh. 31 Oct 2011 After the recent deregulation of savings bank account interest rates by RBI, at least three banks have hiked their interest rates. Yes Bank was  30 Apr 2019 Under the new rule, SBI will link its interest rate on savings accounts with an existing balance over Rs 1 lakh to the Reserve Bank of India's  20 May 2011 For long, the regulated savings bank (SB) interest rate remained downward sticky Reserve Bank of India (RBI) on its excessive cost in maintaining such accounts . Not having the ability to be good money managers,.

Kotak Mahindra is a highly esteemed bank in India. The main reason I placed it so high on this list is the interest rate. It has one of the highest interest rates for a savings bank account in India. You can earn up to a 6% interest on your money, which is almost twice the interest of a regular bank.

Here is a list of banks in India which offer the highest interest rates on savings accounts: 1. YES Bank. YES Bank offers an interest rate of 6% on savings deposits below Rs 1 Crore while 2. Kotak Mahindra Bank. Another Indian bank which offers an excellent return on savings is Kotak 3. Note: Recently some of the banks have reduced the saving account interest rate to 3.5% only. Some banks like Yes bank still offer a good interest rate on your savings amount. Important: You can avail a tax deduction under section 80TTA on the interest earned on your savings bank account upto a maximum of Rs.10000. 5 Best Savings Account With The Best Interest Rates Equitas Small Finance Bank Offers Waiver On Non-Maintenance On S/B A/c Banks Not Issuing Debit Cards For Dormant Bank Savings Accounts We can see that most of the major banks in India offer almost same interest rates. The most basic interest rates offered by the maximum bank ranges around 4%. IDFC First Bank and DBS Bank provide the highest interest rates on the balance in your savings account. But, these banks have very limited reach. Which bank offers highest interest rate on savings account in India? Banks. Allahabad Bank. Andhra Bank. Axis Bank. Bandhan Bank. Bank of Baroda. Bank of India. Bank of Maharashtra. Canara Bank. Catholic Syrian Bank. Central Bank of India. Citibank. City Union Bank. Corporation Bank. Many banks now offer zero balance savings account with high-interest rate which is more in demand as compared to the age-old pattern of keeping a few thousands in bank account to avoid penalties. Here is the list of all Indian banks and the features of their savings account.

Open a savings account online in India with IDFC FIRST Bank. Enjoy highest interest rate up to 7% per annum on your savings account with free Visa debit card.

Best Savings Bank Account in India #1. Kotak Mahindra Bank (Highest Saving Interest Account). #2. ICICI Bank (For Best Technology). #3. HDFC Bank (For Best Products). #4. Axis Bank (For Good Services). #5. Citi Bank (Global Presence). #6. IndusInd Bank (Low AQB yet Great Features). Savings Account Interest rates in 2020 is calculated on daily basis for the closing day balance which will get accumulated and will be paid to the customers on quarterly or half yearly basis. You can use Savings Interest Rate Calculator to calculate your saving interest. Here is a list of banks in India which offer the highest interest rates on savings accounts: 1. YES Bank. YES Bank offers an interest rate of 6% on savings deposits below Rs 1 Crore while 2. Kotak Mahindra Bank. Another Indian bank which offers an excellent return on savings is Kotak 3. Note: Recently some of the banks have reduced the saving account interest rate to 3.5% only. Some banks like Yes bank still offer a good interest rate on your savings amount. Important: You can avail a tax deduction under section 80TTA on the interest earned on your savings bank account upto a maximum of Rs.10000.

Many banks now offer zero balance savings account with high-interest rate which is more in demand as compared to the age-old pattern of keeping a few thousands in bank account to avoid penalties. Here is the list of all Indian banks and the features of their savings account.

We can see that most of the major banks in India offer almost same interest rates. The most basic interest rates offered by the maximum bank ranges around 4%. IDFC First Bank and DBS Bank provide the highest interest rates on the balance in your savings account. But, these banks have very limited reach.

Savings Account Interest Rates of Major Banks March 2020 Source: Bank Website Summary. We can see that most of the major banks in India offer almost same interest rates. The most basic interest rates offered by the maximum bank ranges around 4%. IDFC First Bank and DBS Bank provide the highest interest rates on the balance in your savings

20 Feb 2019 As of today most banks like SBI, ICICI Bank, Union Bank of India, Punjab National Bank (PNB) offer 3.5% interest on their saving bank account. 11 Mar 2020 Compare rates from the top banks, find the best bank for a savings Our guide to finding the best bank interest rates on savings accounts. Savings Bank deposit slabs, Existing Rate of Interest, Revised Rate of Interest w.e.f. 14.03.2020. SB Deposit accounts with balances upto Rs. 1 lakh. 3.25% p.a   With the Highest Interest Rate Savings Account, you get a Platinum Master Card Debit Card With this account, you also get free access to all ATMs in India^.

With the Highest Interest Rate Savings Account, you get a Platinum Master Card Debit Card With this account, you also get free access to all ATMs in India^. Savings Account: Apply for Savings Account Online at ICICI Bank to priority service; Free Gold Privilege Debit Card having higher withdrawal and spend limit   18 Jan 2020 Check our list of best online savings account options which can yield you in India which offer customers the facility of opening savings account online With Kotak 811 you can earn a higher interest rate up to 6%* p.a. on  29 Nov 2019 Savings bank accounts are of many types, namely Normal Savings Bank Account , No Frills Account, Salary Account, Privilege Bank Account,  1 Nov 2019 India's largest public sector bank, State Bank of India (SBI), is set to reduce the interest rates on savings bank accounts from today, i.e., from  10 Oct 2019 — Private lender Kotak Mahindra Bank offers one of the highest interest rates, 6 %, for saving deposits between Rs 1 lakh and Rs 1 crore. For