anuragmukherjee28
Moderator
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:
*all the datas are for savings less than 10 crores and for normal people
hope this helps,if you have any doubt, just reply to this thread and I will try to reply to you
- 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
| Bank | Savings Account Interest Rate |
| State Bank of India (SBI) | 2.70% - 3.00% |
| HDFC Bank | 3.00% - 3.50% |
| ICICI Bank | 3.00% - 3.50% |
| Axis Bank | 3.00% - 3.50% |
| Kotak Mahindra Bank | 3.50% - 4.00% |
| IDFC First Bank | 3.00% - 7.00% |
| Bandhan Bank | 3.00%-6.50% |
| AU Small Finance Bank | 3.50% - 7.00% |
| Paytm Payments Bank | 2%-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 Bank | 2.75% - 3.25% |
| Bank of Maharashtra (BoM) | 2.75% |
| Indian Overseas Bank (IOB) | 2.70% - 3.20% |
| UCO Bank | 2.70% - 3.20% |
| Central Bank of India (CBI) | 2.70% - 3.20% |
| Bank of India (BoI) | 2.70% - 3.20% |
| Yes Bank | 4.00% |
| South Indian Bank | 3.00% - 3.50% |
| Federal Bank | 3.00% - 3.50% |
| DBS Bank India | 3.00% |
hope this helps,if you have any doubt, just reply to this thread and I will try to reply to you
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