Top 10 Banks With Higher Interest Rates On Savings Accounts
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Top 10 Private Sector Banks With Higher Interest On Savings Accounts
Among the private sector banks, RBL Bank followed by IndusInd Bank and Yes Bank is currently promising higher interest rates on savings accounts. Here are the top 10 banks which are providing the best returns on savings accounts.
| Banks | Interest Rates | W.e.f. |
|---|---|---|
| RBL Bank | 4.25% to 6.00% | July 2, 2021 |
| Yes Bank | 4.00% to 5.25% | 13 May 2021 |
| IndusInd Bank | 4.00% to 5.50% | June 4, 2021 |
| Kotak Mahindra Bank | 3.5% to 4.00% | June 19, 2021 |
| DCB Bank | 3.00% to 6.75% | 10th June, 2021 |
| Bandhan Bank | 3.00% to 6.00% | June 7, 2021 |
| IDFC First Bank | 3.00% to 5.00% | 1.05.2021 |
| DBS Bank | 3.00% to 4.00% | 12 February 2021 |
| HDFC Bank | 3.00% to 3.50% | 11 June 2020 |
| Axis Bank | 3.00% to 3.50% | 1st April 2021 |
| Source: Bank Websites |
Top 10 Public Sector Banks With Higher Interest Rates On Savings Accounts
Among the public sector banks, Punjab & Sind Bank followed by Indian Overseas Bank and IDBI Bank are currently promising higher interest rates on savings accounts. See the table below to check the interest rates on savings accounts provided by the top 10 leading commercial banks of India.
| Banks | Interest Rates | W.e.f. |
|---|---|---|
| Punjab & Sind Bank | 3.10% | 12.11.2020 |
| Indian Overseas Bank | 3.05% | 09.11.2020 |
| IDBI Bank | 3.00% to 3.35% | July 14, 2021 |
| Punjab National Bank | 3.00% | 1st July 2021 |
| Union Bank | 3.00% | 31.03.2020 |
| Canara Bank | 2.90% to 3.20% | 28.09.2020 |
| Bank of India | 2.90% | 01.10.2020 |
| Indian Bank | 2.90% | 21.11.2020 |
| Bank of Baroda | 2.75% to 3.20% | 26.05.2021 |
| Central Bank of India | 2.75% to 2.90% | 10.04.2021 |
| Source: Bank Websites |
Top 10 Small Finance Bank Providing Higher Interest Rates On Savings Accounts
Currently, Utkarsh Small Finance Bank followed by Ujjivan Small Finance Bank is providing higher interest rates on savings accounts up to 7.00%. Here are the top 10 small finance banks promising the best interest rates on savings accounts.
| Banks | Interest Rates | W.e.f. |
|---|---|---|
| Utkarsh Small Finance Bank | 5.00% to 7.00% | July 1, 2021 |
| Ujjivan Small Finance Bank | 4.00% to 7.00% | 6th March 2021 |
| ESAF Small Finance Bank | 4.00% to 6.50% | 1st August 2020 |
| North East Small Finance Bank | 4.00% to 6.00% | 1st March 2021 |
| Suryoday Small Finance Bank | 4.00 to 6.25% | June 1, 2020 |
| AU Small Finance Bank | 3.50% to 7.00% | 17 May 2021 |
| Equitas Small Finance Bank | 3.50% to 7.00% | 1st June 2021 |
| Capital Small Finance Bank | 3.50% | June 3, 2021 |
| Fincare Small Finance Bank | 3.00% to 7.00% | 01 July 2021 |
| Jana Small Finance Bank | 3.00% to 6.75% | 06.05.2021 |
| Source: Bank Websites |
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