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Savings Account with Highest Interest Rates

The interest rates offered on savings accounts is sometimes based on the balance maintained in the account. The interest rate may range from 3.5% p.a. to 7% p.a. Some banks may also require that you maintain a specific average daily or quarterly balance. Mentioned below are some of the top banks which offer the highest interest rates:
  • Yes Bank: 7% for daily balance below Rs.3 lakh 
  • IndusInd Bank: 4% daily balance up to Rs.1 lakh 
  • Axis Bank: 4% on all savings accounts 
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    Savings Account
    • Instant money transfer
    • 24x7 ATM withdrawals
    • Attractive rate of interest

    Savings Accounts have been the go-to investment option for all beginner investors. Individuals who have a steady income by way of a salary or any other source are the ideal candidates for a savings account. This type of account comes with a great many benefits which can help one start off on the road to savings and gradually build their investment portfolio. In India, most banks offer the facility of different types of Savings Accounts which are designed to suit the needs of a diverse customer base.

    There are a large number of banks in India which offer customers the facility of opening Savings Accounts. Some of the major banks to do so are listed as follows:

    1. Kotak Mahindra Bank Savings Account Interest Rate

      Catering to a varied customer base, Kotak Mahindra offers Savings Accounts for different customers based on their residence status. For Domestic Savings Account holders, an interest rate of 6% per annum is applicable, while for all non-resident Savings Account holders, an interest rate of 4% per annum is applicable.

    2. State Bank of India (SBI) Savings Account Interest Rate

      SBI offers multiple types of Savings Accounts like Basic Savings Account, Savings Plus Account, Yuva Savings Bank Account and more which target different levels of customers. SBI Savings Accounts carry an interest rate of 4.00% per annum.

    3. ICICI Bank Savings Account Interest rate

      ICICI Bank is one of the leading banks in India to offer multiple types of Saving Accounts to its customers like the Silver Savings Account, Advantage Woman Savings Account, Freedom Savings Account, Basic Savings Bank Account and more. All of ICICI’s Savings Accounts carry a uniform rate of interest, which is fixed at 4.00%.

    4. Yes Bank Savings Account Interest Rate

      Yes Bank offers one of the most attractive interest rates when it comes to Savings Accounts. Having revised their interest rates, the bank will now offer an interest rates of 7% for all Savings Accounts with a balance over Rs 3 lakh and an interest rate of 6% on Savings Accounts with a balance below Rs 3 lakh.

    5. Citibank Savings Account Interest Rate

      As one of the most prominent international banks operating in India, Citibank offers different types of Savings Accounts to customers like the Citibank Savings Account, Citibank Suvidha Salary Account, Citibank Savings Account for Expatriates and more. The interest rate offered by the bank on these savings accounts is set at 4%, which is earned on the daily balance maintained and credited on a half-yearly basis.

    6. Axis Bank Savings Account Interest Rate

      One of the premier banking institutions of India, Axis Bank offers a varied choice of Saving Accounts which have been specifically designed to meet specific sets of customer needs. Axis Bank offers an interest rate of 4% on all its Savings Accounts.

    7. IndusInd Bank Savings Account Interest Rate

      To cater to the needs of a diverse customer base, IndusInd Bank offers a variety of Savings Accounts which have been designed to meet different financial needs. The bank offers an interest rate of 4% on savings accounts maintaining a daily balance of up to Rs 1 lakh; 5% for savings accounts maintaining a daily balance of above Rs 1 lakh but below Rs 10 lakh and finally an interest rate of 6% for savings accounts which maintain a daily balance exceeding Rs 10 lakh.

    8. DCB Bank Savings Account Interest Rate

      DCB Bank is one of the leading scheduled commercial banks which offers it’s customers the facility of opening different types of Savings Accounts. The bank offers very competitive interest rates on these accounts which can help the account holders extract the maximum benefit from their savings. Currently, DCB Shubh-Labh Savings Account holders can enjoy an interest of 4% on their account.

    9. RBL Bank Savings Account Interest Rate

      RBL is one of the nation’s emerging scheduled commercial banks which offers its customers the facility of customized savings account schemes. The bank offers ranging interest rates to savings account holders which is credited on a half-yearly basis and varies depending on the daily balance maintained in the account. Currently, the interest rates offered for account with a daily balance of above Rs 10 lakh is 7%; for accounts holding a daily balance of above Rs lakh, it is 6.1% and for accounts holding a daily balance of up to Rs 1 lakh, the interest rate offered is 5.1%.

    10. HDFC Bank Savings Account Interest Rate

      For those looking to open a Savings Account, HDFC offers plenty of feature-rich options. For customers to choose from. Each account comes with some unique features and privileges which make money management much easier. HDFC offers an interest rate of 4% on it’s savings accounts which is earned on the daily account balance and credited on a half yearly basis.

    GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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    Top 6 Banks providing higest interest rates on Savings Account in India Reviews

    Page 1 of 3 1 2 3
    • ICICI Bank Debit Card
      "Good"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I am using ICICI debit card for almost 10 years. They have provided me a domestic card. There is no yearly charges because of my salary account. There is no benefits and the accessibility of the card is good. The daily withdrawal limit is sufficient. ATM's are pretty good.
      Was this review helpful? 32
      , kolkata
      Reviewed on May 12, 2019
    • YES Bank
      YES Bank Debit Card
      "Good"
      YES BANK
      0.5 4.0/5 "Great!"
      I think its nice to apply, it has been very fast and easy let's see what happens next if its open means I'll be very much happy person, pleas let me no soon that I can be a customer of this bank I had pan card permanent account number and I didn't have addar card though.
      Was this review helpful? 60
      , hyderabad
      Reviewed on Mar 20, 2019
    • Kotak Debit Card
      "Better"
      KOTAK MAHINDRA BANK
      0.5 4.0/5 "Great!"
      I am having a Platinum Debit card from Kotak Mahindra Bank. The daily withdrawal limit is sufficient. I don't get any benefits on the card but its easily accessible everywhere. I got a hidden charges of 150 rupees which was debited from my account. There is no charges for other ATM swipes and there is no limitation.
      Was this review helpful? 80
      , mumbai
      Reviewed on Jan 28, 2019
    • Kotak Debit Card
      "Worst Kotak 811 services"
      KOTAK MAHINDRA BANK
      0.5 0.5/5 "Unacceptable"
      Opened an account in December 2018 not received any call from customer care for document completion till yet also visited the nearest branch and no action has been taken . Worst services of this bank . Even the executive and staff has not been responsible and their behavior is also very rude.
      Was this review helpful? 88
      , new delhi
      Reviewed on Jan 16, 2019
    • YES Bank Debit Card
      "Good"
      YES BANK
      0.5 4.0/5 "Great!"
      I think its nice to apply, it has been very fast and easy let's see what happens next if its open means I'll be very much happy person, pleas let me no soon that I can be a customer of this bank I had pan card permanent account number and I didn't have addar card though.
      Was this review helpful? 59
      , bangalore
      Reviewed on Oct 03, 2018
    • YES Bank Debit Card
      "SUPER BANK"
      YES BANK
      0.5 5.0/5 "Blown Away!"
      I've been using the YES BANK Edge credit card for a while. The Value of the points are really good. I've already accumulated more than 15000 reward points. I am really impressed with the card and their services. I never had any issues with them.
      Was this review helpful? 44
      , hyderabad
      Reviewed on Sep 19, 2018
    • YES Bank Debit Card
      "What to write? You can write a review about any Loan produc"
      YES BANK
      0.5 5.0/5 "Blown Away!"
      awesome great job i like your services i feel happy u provided help to need a urgent way tnq so much tnq bankbazar first time i am online visitor i cant explain how much i m happy bankbazar i would like too u say thnku bankbazaar your service is too much fast rapid
      Was this review helpful? 11
      , bangalore
      Reviewed on Mar 11, 2018
    • Kotak Debit Card
      "Good Bank"
      KOTAK MAHINDRA BANK
      0.5 4.0/5 "Great!"
      I have a Kotak Bank i opened through Online portal. It is Very Easy to Open .Zero Rupees Charges.I ordered for a Debit card of kotak bank i got it delivered.Kotak App is Very User Friendly to Everyone.Zero balance maintain No Extra Charges..Quite Good App
      Was this review helpful? 63
      , bangalore
      Reviewed on Feb 16, 2018
    • Kotak Debit Card
      "Decent Credit Card"
      KOTAK MAHINDRA BANK
      0.5 4.0/5 "Great!"
      I have a Salary account with them and the bank has offered a complimentary Credit card on the basis of this account. They have given me a Credit Limit of Rs.2.5 Lakhs, which I felt is quite a good one to have. One thing which let me down over here is their high interest rate. Also an added advantage is, they have good reward points system available with them.
      Was this review helpful? 29
      , chennai
      Reviewed on Jan 23, 2018
    • Kotak Debit Card
      "Good"
      KOTAK MAHINDRA BANK
      0.5 4.0/5 "Great!"
      I am using domestic debit card of Kotak Mahindra Bank. The daily withdrawal limit was 25,000 rupees which was satisfactory. I am using this debit card for the last six months. There is no charge for other ATM swipe. ATM facilities are good and enough.
      Was this review helpful? 33
      , navi mumbai
      Reviewed on Jan 04, 2018
    • ICICI Bank Debit Card
      "Good"
      ICICI BANK
      0.5 4.0/5 "Great!"
      I have converted my reward points into cash many times. It was very good. I hold Platinum Visa debit card. The withdrawal limit is more than 1L which is really good. My debit card is linked with Payback account on every purchase I used to get lot of points.
      Was this review helpful? 34
      , bangalore
      Reviewed on Nov 16, 2017
    • ICICI Bank Debit Card
      "Good service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      ICICI Bank provide good service. I m using it as my salary account frim 2012. Very minimal number of time I've visit bank for any support. Net banking service is really good and debit card most of the time I use it shopping or petrol bunk. Totally service is goods.
      Was this review helpful? 18
      , bangalore
      Reviewed on Nov 09, 2017
    • Kotak Debit Card
      "Good service"
      KOTAK MAHINDRA BANK
      0.5 4.0/5 "Great!"
      Within 4days of time I got the car loan from Kotak Mahindra bank. The customer support is good with Kotak mahindra bank. The rate of interest which they have offered was low, when compared with other banks. The required loan amount has been disbursed and I am happy with it.
      Was this review helpful? 24
      , hyderabad
      Reviewed on Oct 16, 2017
    • ICICI Bank Debit Card
      "Great banking service and good previlage"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have recently upgraded my debit card to CORAL and not sure about the type of card. I am happy with withdrawal limit. The customer service and response was quick. ATM service is more enough, even after 4 transaction there is no extra charges. The mobile application is good and they don't charge extra for IMPS transfer. Specialty of the card is One Plus One Ticket on movie.
      Was this review helpful? 11
      , bangalore
      Reviewed on Oct 14, 2017
    • ICICI Bank Debit Card
      "According to your use"
      ICICI BANK
      0.5 4.0/5 "Great!"
      My friend use icici coral debit card it charges 499 +gst every year it gives good offer like buy one get one free on movies per month and payback points and refund on petrol pump if used debit card for payment but i want to say after all this if you are doing this things then only use this card becuse 577 per year is too much if you are not using this benefits
      Was this review helpful? 9
      , pune
      Reviewed on Oct 04, 2017
    • RBL Bank Debit Card
      "Ratnakar Bank Debit card "
      RATNAKAR BANK
      0.5 5.0/5 "Blown Away!"
      Ratnakar Bank debit card facility is too good. Very useful options for using debit cards at different pos and online payment system. Bank customers care facilities are also prompt in service with customer. RBL is rising bank in all villages.
      Was this review helpful? 76
      , pune
      Reviewed on Aug 21, 2017
    • ICICI Bank Debit Card
      "Excellent Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I am using ICICI debit salary account for the past 3 years and the service from ICICI and executives of ICICI was very helpful and service was really nice and the transactions were very fast also I am getting my OTP pin very fast compare to others and they providing me a very excellent service.
      Was this review helpful? 7
      , bangalore
      Reviewed on Aug 21, 2017
    • Kotak Debit Card
      "Kotak Mahindra Bank Fraud Services"
      KOTAK MAHINDRA BANK
      0.5 0.5/5 "Unacceptable"
      Kotak Mahindra Bank has **fraud banking services**. Rs. 800+ charge for other ATM Withdraws. 10000+ Charge for not maintaining minimum balance. 1000+ for delayed credit card payments. One Purchase = Service Tax+Conversion Charge+Interest Charge+Actual MRPâ?¦. **Close all your accounts** of Kotak Mahindra Bankâ?¦
      Was this review helpful? 63
      , bangalore
      Reviewed on Apr 06, 2017
    • Kotak Debit Card
      "GOOD BANK BEST SERVICES GOOD JOB NICEBANK GOODRELATIONSHIP "
      KOTAK MAHINDRA BANK
      0.5 5.0/5 "Blown Away!"
      SUPPORTING WITH A MINIMUM WORKING TIME BANK QUICK DESISION WONDERFUL JOB GOOD PROVIDED BY OTHER BANKS LIKE ICICI, HDFC , IDBI , AXIS AND MORE NATIONALIZED BANKS FUTURE GOOD BANK MANAGMENT GOOD ALSO SUPPORT AND THANKS TO ALL THEY ARE HELPING PEOPLE THANK YOU AGAIN..
      Was this review helpful? 28
      , vadodara
      Reviewed on Mar 26, 2017
    • Kotak Debit Card
      "Share a experience with Kotak Mahindra Bank on line service"
      KOTAK MAHINDRA BANK
      0.5 4.0/5 "Great!"
      I like Kotak Mahindra Bank because this bank replied fast comparing with another bank.The process was comleted process on line with in a five minute.its pleasant experience when compared with other bank services I like Kotak than another private sector banks.
      Was this review helpful? 31
      , ahmedabad
      Reviewed on Mar 25, 2017
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