Best Bank for Savings Account in India 2023 ( based on interest rate )

All banks provide the basic features that customers need on a day-to-day basis. So, to choose where to open a savings account, you should consider the following factors:
  • Interest rate: This is the main factor to consider when choosing a savings account. Compare interest rates offered by different banks to find the one that offers the highest rate. ( Have done this for you in this post )
  • Branch proximity: It is convenient to have a bank branch close to your home or workplace.
  • Staff behavior: they should be cooperative and you should not need to waste a lot of time for your banking needs.

*all the datas are for savings less than 10 crores and for normal people

BankSavings Account Interest Rate
State Bank of India (SBI)2.70% - 3.00%
HDFC Bank3.00% - 3.50%
ICICI Bank3.00% - 3.50%
Axis Bank3.00% - 3.50%
Kotak Mahindra Bank3.50% - 4.00%
IDFC First Bank3.00% - 7.00%
Bandhan Bank3.00%-6.50%
AU Small Finance Bank3.50% - 7.00%
Paytm Payments Bank2%-2.50%
Bank of Baroda (BoB)2.75% - 3.35%
Punjab National Bank (PNB)2.70%
Union Bank of India (UBI)2.75% - 2.90%
Canara Bank2.75% - 3.25%
Bank of Maharashtra (BoM)2.75%
Indian Overseas Bank (IOB)2.70% - 3.20%
UCO Bank2.70% - 3.20%
Central Bank of India (CBI)2.70% - 3.20%
Bank of India (BoI)2.70% - 3.20%
Yes Bank4.00%
South Indian Bank3.00% - 3.50%
Federal Bank3.00% - 3.50%
DBS Bank India3.00%

hope this helps,if you have any doubt, just reply to this thread and I will try to reply to you
 
Last edited:

Gigachad

KF Mentor
All banks provide the basic features that customers need on a day-to-day basis. So, to choose where to open a savings account, you should consider the following factors:
  • Interest rate: This is the main factor to consider when choosing a savings account. Compare interest rates offered by different banks to find the one that offers the highest rate. ( Have done this for you in this post )
  • Branch proximity: It is convenient to have a bank branch close to your home or workplace.
  • Staff behavior: they should be cooperative and you should not need to waste a lot of time for your banking needs.

*all the datas are for savings less than 10 crores and for normal people

BankSavings Account Interest Rate
State Bank of India (SBI)2.70% - 3.00%
HDFC Bank3.00% - 3.50%
ICICI Bank3.00% - 3.50%
Axis Bank2.50% - 3.00%
Kotak Mahindra Bank2.50% - 3.00%
IDFC First Bank3.00% - 7.00%
Bandhan Bank2.50%
AU Small Finance Bank6.00% - 7.00%
Paytm Payments Bank4.00% - 7.00%
Bank of Baroda (BoB)2.75% - 3.25%
Punjab National Bank (PNB)2.75% - 3.25%
Union Bank of India (UBI)2.75% - 3.25%
Canara Bank2.75% - 3.25%
Bank of Maharashtra (BoM)2.70% - 3.20%
Indian Overseas Bank (IOB)2.70% - 3.20%
UCO Bank2.70% - 3.20%
Central Bank of India (CBI)2.70% - 3.20%
Bank of India (BoI)2.70% - 3.20%
Yes Bank4.00%
South Indian Bank3.00% - 3.50%
Federal Bank3.00% - 3.50%
DBS Bank India3.00%

hope this helps,if you have any doubt, just reply to this thread and I will try to reply to you
Your data is wrong in lot of place. Plz check it.
 
Unity Small Finance Bank gives 6% below 1 lakh and 7% above 1 lakh in Savings Accounts, but I doubt whether they really provide basic banking facilities like debit cards or online banking.
 
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