New Delhi: The Reserve Bank of India’s decision to keep interest rates unchanged means that banks have decided to keep deposit rates higher for some time to come. This is a good time to open a bank account or earn an interest on your idle money. It will be easier for you to keep track of your amount. Another good thing about a savings account is you can withdraw money from it any time you want, unlike FD where the amount is locked in for a fixed period. Many banks offer high interest rates on Savings accounts. Here is a list of banks offering interest rates of up to 7.75 per cent on a savings account.
IDFC FIRST Bank Savings Account Interest Rates
The highest interest rate offered by IDFC FIRST Bank is on a deposit of Rs 10 Lakh to Rs 5 crore. The bank is offering the highest interest rate of 7.25 per cent on its savings account.
Amount (in ₹)
Rate of Interest
<= 1 lakh
3.00%
> 1 lakh <= 3 lakh
3.50%
> 3 lakh <= 5 lakh
4.00%
> 5 lakh <= 10 lakh
7.00%
> 10 lakh <= 5 crore
7.25%
YES Bank Savings Account Interest Rates
YES Bank is offering the highest interest rate of 7 per cent per annum on its savings account.
Amount (in ₹)
Interest Rates (p.a.)
<= 1 lakh
3.00%
> 1 lakh <= 5 lakh
4.00%
> 5 lakh <= 10 lakh
5.00%
> 10 lakh <= 100 cr
7.00%
Post Office Senior Citizen Scheme Interest Rate
DCB Bank Savings Account Interest Rates
DCB Bank is offering an interest rate of 7.75 per cent on deposits equal to or above Rs 10 Lakh.
Amount (in ₹)
Interest Rates (p.a.)
<= 1 lakh
4.00%
> 1 lakh <= 5 lakh
6.25%
> 5 lakh <= 2 crore
7.50%
Utkarsh Small Finance Bank Savings Account Interest rates
Utkarsh Small Finance Bank is offering an interest rate of 7.50 per cent on a balance above Rs 5 lakhs deposited in a savings account.
Amount (in ₹)
Interest Rates (p.a.)
<= 1 lakh
4.00%
> 1 lakh <= 5 lakh
6.25%
> 5 lakh <= 2 crore
7.50%
Bandhan Bank Savings Account Interest rates
You can earn an interest rate of 7 per cent per annum on the amount deposited in the savings account of Bandhan Bank. This interest rate is available on a balance above Rs 10 lakh.
Amount (in ₹)
Interest Rates (p.a.)
<= 1 lakh
3.00%
> 1 lakh <= 10 lakh
6.00%
> 10 lakh <= 2 crore
7.00%
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Disclaimer: Interest rates are taken from respective Bank’s website.
Bank interest rates on savings account: IDFC First Bank, Yes Bank, DCB Bank, Utkarsh SFB and Bandhan Bank offers savings account interest rates up to 7.75 per cent. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
