44 thoughts on “Which bank gives highest interest rate on saving account in India?”

  1. Sir you missed

    Aditya Birla Payments Bank : 4% per annum weekly interest

    Fino Payments Bank : 4% per annum

  2. Nice and knowledgeable article.. I hope you will also write about Indian post payment bank IPPB in your next article.. Thank u…

  3. I think there are lot new gen bank digital banks offering higer interest rates. Can you cover that & how stable those are as well?

  4. Please add airtel payment bank into the list . it offers 7.25% interest on balance upto 1 lakhs (max limit).

  5. Hi, very informative article.
    I am a prospective investor and was looking for profitable options to invest. I wanted your views about Peer to peer lending and is it a viable option to invest?

  6. Hi Amit,

    I have a question here. I have Rs.1 Lakh in my bank account, should I keep it as it is in my account or should i get a fixed deposit of it ? Which is a better option ?

      1. shanike anjana bandara

        i want to know about a bank in tamil nadu that gives about 20% interest for savings accounts.

    1. I really doubt if there would be increase in savings bank account interest rate going forward until we have some new banks.

  7. Dear Amit but these bank reserved amount > 5000 for saving account but with other banks this amount is 1000/-

    So why we should go for these Banks.

    1. I am sorry I didn’t get what “Reserved Amount” means. I would you be able to explain further once I understand the term.

        1. Higher interest on savings account matter to people who have substantial amount in their savings account. In case you do not keep much money in savings account, the higher interest is of little use. So should not be worried about higher minimum a/c balance in either case.

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