Savings bank account everyone has one or two bank accounts these days and it is quite obvious that we keep most of the money we earn in the bank account which we own. But if you are planning to save some money for future, everyone should plan this and save some money for future. There are many banks out there who offer all types of accounts i.e. savings account, current account, salary savings account etc. but did you check which bank gives highest interest rate on saving account?
If you want to know the interest rates on savings bank account then in this article I will tell you about the 6 banks in India which will give you the highest interest rates to the customers who hold a savings bank account with them. As I have already mentioned in the beginning of this article that there are many types of bank account let me name some for you. Salary savings account you can open this account if you are a salaried person, Zero balance account you can open this account if you want an account with no minimum balance. Senior savings account if you are a senior citizen then you can open this account.
If you want to know more about the types of savings bank account then you can talk with the bank officials they will tell you in detail. You can choose the one which will be best for you, so now let us get started with this article and check out the list of banks which offer highest interest rates on a savings account.
Banks with Highest Interest Rates on Savings Account
So here are the banks which are offering highest interest rates, I have also mentioned a link by following which you can read the procedure which you need to follow to open a bank account with that bank.
1. Yes Bank.
The first bank which offers the highest rate of interest on the savings bank account is Yes bank, this bank offers you 6% P.A and secures the 1st place in my list of 6 banks. If you want to open a bank account in Yes bank then follow this link to read the procedure.
2. Bandhan Bank.
Bandhan bank offers 6% per annum interest rates to their customers who own a savings bank account with them. But there is a condition applied and that is if you deposit more than Rs. 1 Lakh you will get 6% interest rate but if you maintain balance less than 1 Lakh you will get 4.25% interest rate per annum. You can read the account opening procedure in Bandhan bank by following this link open bank account in Bandhan Bank.
3. Kotak Mahindra Bank.
Kotak Mahindra Bank accounts offer zero balance account in which you can get 5% per annum interest rate if you deposit amount up to Rs. 1 lakh. But if you deposit amount more than Rs. 1 lakh then you will get 6% interest rates per annum. And with this account, there are no charges applied on the online transactions you make.
4. IndusInd Bank.
However, IndusInd bank’s interest rates are not like Yes Bank, Kotak Mahindra Bank, and Bandhan Bank account but still worth to add up to this list. You will get 4% per annum interest rate for a deposit up to Rs. 1 Lakh and if you deposit amount above Rs. 1 Lakh and below Rs. 10 Lakh you will get 5% per annum. And if you deposit amount more than Rs. 10 Lakh then you will get 6% per annum.
5. RBL Bank.
When it comes to interest rates on the savings bank account then we must agree that RBL bank stands at the first place. Because they offer you 7.1% interest rate per annum on your savings bank account along with a freedom to choose your account number. When you open an account with RBL bank you can use their ATM card at any of the ATM centers across India and no charges will be applied on the transactions.
6. Laxmi Vilas Bank.
Laxmi Vilas Bank offers you 5% per annum when you deposit an amount up to Rs. 5 Lakh and 6% per annum when you deposit more than Rs. 5 lakh.
So these were the 6 Banks with highest interest rates on a savings account in India, I hope you are clear with the information which is mentioned in this article. But one thing I would like to suggest to you people is to visit the official website of the bank and cross check the interest rate which is mentioned in this article and if you find any changes please notify me by commenting below. I mentioned this because interest rates keep changing often.