Which Bank is best for savings account in India
Which Bank is best for savings account in India – A savings account is the most fundamental financial instrument that banks provide. By opening a savings account, people can deposit their money and keep it safe with a financial organisation. At the same time, they also get interested, albeit very little.
Customers can withdraw money from their savings bank accounts whenever they wish and without any restrictions, making them liquid investments. Comparison of interest rates and other features of the various options is vital to determine which Savings Account in India is the best.
Top Savings Bank Account
|Savings Bank Account
|Rates of Interest (p.a.)
|State Bank of India (SBI) Savings Account
|Balances less than Rs. 10 Crore – 2.70% p.a.Balances Rs. 10 Crore & Above – 3.00% p.a.
|HDFC Bank Savings Account
|Balances below Rs. 50 lakh – 3% p.a.Balances of Rs. 50 lakh or above the interest rate – 3.50% p.a.
|Kotak Mahindra Bank Savings Account
|Balances up to Rs. 50 lakhs – 3.50% p.a.Balances above Rs. 50 lakhs – 4.00%
|DCB Bank Savings Account
|2.50% p.a. to 5.00% p.a
|RBL Bank Savings Account
|IndusInd Bank Savings Account
|Up to Rs.1 lakh – 4.00%Rs.1 lakh to up to Rs.10 lakh – 5.00%Rs.10 lakh to up to Rs.1 crore – 6.00%Rs.1 crore to up to Rs.100 crore – 6.00%
|ICICI Savings Bank Account
|Balance below 50 Lakhs – 3.00%For the end-of-day balance of 50 lakhs and above – 3.50%
|Axis Bank Savings Account
|Less than Rs. 50 Lacs – 3.00% p.a.Rs. 50 Lacs & up to less than Rs. 800 Crs – 3.50% p.a.Rs. 800 Crs & above – Overnight MIBOR + 0.70%
State Bank of India (SBI) Savings Account
Fortune 500 firm State Bank of India (SBI) is a statutory institution for public sector banking and financial services in India with its headquarters in Mumbai. Since Indians have had the most faith in SBI over the course of its long history, which spans more than 200 years, SBI is the finest bank in India for savings accounts.
HDFC Bank Savings Account
HDFC Bank provides comprehensive banking solutions to meet the demands of its customers. An HDFC savings account has a number of unique advantages, including free debit cards, mobile banking, and other services that aren’t common. Another excellent bank for savings accounts is this one.
This banking organisation also provides special savings accounts for women and senior citizens. Each of the savings account accounts HDFC offers has a special set of features and advantages that are easily and quickly accessed.
The best banking features and services are accessible with the savings account. Customers can compare accounts to choose which one best meets their needs, and a dedicated Relationship Manager is always available to assist.
Kotak Mahindra Bank Savings Account
There are more than ten different types of savings account offered by Kotak, each with a different set of advantages. The minimum AQB for the bank’s Sanman Savings Account is Rs. 2,000. Additionally, those who open this account are entitled to unlimited fee-free cash withdrawals from any Kotak Mahindra Bank ATM.
Kotak Mahindra Bank clients can choose from a wide range of financial products and services. The savings account from Kotak Mahindra Bank is well-liked and provides a variety of options, making it one of the top banks in India to create an account with.
DCB Bank Savings Account
Your DCB Savings Bank Deposit Account doesn’t need you to maintain a minimum amount, and it also comes with a free ATM card. The NEFT and RTGS services, as well as internet, mobile, and phone banking, are all offered without charge for an unlimited period of time.
Physical statements of accounts are provided in addition to statements sent via email. The finest savings account in India is the one offered by DCB Bank.
RBL Bank Savings Account
Savings account types from RBL Bank come with a choice of features and benefits. The bank offers interest rates for any deposits placed into the account starting at 4.25 percent annually.
IndusInd Bank Savings Account
The Indus Delite Savings Account and the Indus Exclusive Savings Account are only two of the many specialised savings accounts offered by IndusInd Bank. On both accounts, these wonderful savings and deals are available. One of the latter’s main traits is a dedicated relationship manager.
IndusInd Bank provides a range of savings account options to cater to the demands of different customer categories. The bank provides its customers with services like IVR help, phone banking, internet banking, and more. It is a plan with the choice of monthly premium payments.
ICICI Savings Bank Account
Customers of ICICI Bank have access to a wide selection of savings accounts. For working women, there is a savings account called the Advantage Woman Aura. The best bank account in India is this one. In addition to enabling limitless cash withdrawals from any bank’s ATM, it also offers a variety of discounts on jewellery, shopping, and other things.
To assist consumers with all of their banking needs, ICICI Bank, one of the largest private-sector banks in India, offers a variety of savings bank accounts. ICICI Bank offers premium and basic savings accounts as well as accounts for young people and the elderly.
Axis Bank Savings Account
If someone is seeking for the best bank account in India, they might give Axis Bank some thought. This is yet another of India’s top banks for savings accounts. To meet the needs of its sizable customer base, it offers five different savings accounts.
The Easy Savings Account offered by this bank has a low beginning deposit requirement and a Rs. 10,000 minimum balance requirement. Axis Bank offers a comprehensive selection of savings accounts, as well as customised services and appealing bonuses. The bank offers interest rates on savings accounts starting at 3% p.a.