10 Best Banks for High Interest Rates in India 2024
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| Best Banks for High Interest Rates in India |
Here is the list of 10 Best banks for savings account in India 2024
- AU Digital Savings Account: This account offers monthly interest payouts, which means you'll earn interest on your savings more frequently than with some other accounts that might only pay interest quarterly or annually.
- Kotak Bank Savings Account: This account is known for being easy to open online, making it a good option if you want to set up an account quickly.
- IndusInd Bank Savings Account: This account is a good choice if you're interested in a 3-in-1 account that combines your savings account with a brokerage account and other features.
- ICICI Bank Savings Account: This bank is known for its focus on using technology to provide advanced banking services.
- HDFC Bank Savings Account: This bank offers a wide variety of customer products, so you might be able to find an account that fits your specific needs.
- Axis Bank Savings Account: This bank is known for its high level of customer service.
- RBL Savings Account: This account offers a high interest rate on your savings balance.
- SBI Savings Account: This account is popular with students.
- Paytm Payment Bank: This is a leading digital bank, which means it offers most of its services online.
- Bank of Baroda Savings Account: This account is with a major government-owned bank in India.
10 Best Banks for High Interest Rates in India 2024
| Rank | Bank Name | Interest Rate |
|---|---|---|
| 1 | Kotak 811 Savings Account | 3.5-4 |
| 2 | AU Digital Savings Account | 3.5-7.25 |
| 3 | Axis Bank Savings Account | 3-3.5 |
| 4 | IndusInd Bank Savings Account | Upto 6 |
| 5 | ICICI Bank Savings Account | 3-3.5 |
| 6 | HDFC Bank Savings Account | 3-3.5 |
| 7 | RBL Bank Saving Account | 4.25-6.50 |
| 8 | Fincare Small Finance Bank Savings Account | 4.11-7.11 |
| 9 | State Bank of India Savings Account | 2.70 |
| 10 | Paytm Payments Bank Savings Account | 2.50 |
| 11 | Bank of Baroda Savings Account | 2.75 |
Saving Banks Accounts, Best Feature and Explanations
| Bank Account | Best Feature | Explanation |
| AU Digital Savings Account | Zero balance requirement, tiered interest rates |
No need to maintain a minimum balance in your account. You also earn higher interest rates as your account balance increases. |
| Kotak Bank Savings Account | May offer various account options |
Kotak Bank offers a variety of savings accounts, each with its own set of features and benefits. You can choose the account that best suits your needs. |
| IndusInd Bank Savings Account | May offer various account options |
Similar to Kotak Bank, IndusInd Bank offers a variety of savings accounts with different features and benefits. |
| ICICI Bank Savings Account | May offer various account options |
ICICI Bank also provides a variety of savings accounts to choose from, depending on your banking needs. |
| HDFC Bank Savings Account | May offer various account options |
HDFC Bank offers a selection of savings accounts with various features and benefits. |
| Axis Bank Savings Account | May offer various account options |
Axis Bank provides a variety of savings accounts to suit your specific banking requirements. |
| RBL Savings Account | May offer various account options |
RBL Bank offers a variety of savings accounts with features and benefits tailored to different needs. |
| SBI Savings Account | Wide branch network |
SBI has one of the largest branch networks in India, providing convenient access to banking services. |
| Paytm Payment Bank | Basic banking services with mobile app |
Paytm Payment Bank offers basic banking services through their mobile app, but with limitations on cash withdrawals and cheque issuance. |
| Bank of Baroda Savings Account | May offer various account options |
Bank of Baroda offers a variety of savings accounts with features and benefits tailored to different needs. |
