Best savings account interest rate in India 2023

"Best savings account interest rate in India 2023"

These days more or less everyone has a savings account. But if you are thinking about which bank to open a new savings account and which bank offers the highest interest rate then this post is for you.

We all have more or fewer savings accounts, but what do we know in which bank savings account to get the highest interest, Today we will discuss that in this post. If you like our post then follow us for the upcoming new exciting post.

When it comes to choosing a savings account in India, one of the most important factors to consider is the interest rate offered by the bank. In this blog post, we'll take a look at some of the banks that offer the best savings account interest rates in India in 2023.

State Bank of India (SBI) savings account interest rate

The State Bank of India (SBI) is the largest public sector bank in India and is known for its reliable and trustworthy services. One of the key benefits of opening a savings account with SBI is the high-interest rates it offers. Currently, its basic savings account offers an interest rate of 2.70%, while its savings account for senior citizens offers an interest rate of 3.40%. SBI also offers a range of value-added services to its savings account customers, such as free ATM transactions, online banking facilities, and mobile banking facilities.

ICICI Bank savings account interest rate

ICICI Bank is a leading private sector bank in India that is known for its customer-focused approach and innovative products. It offers a range of savings accounts to suit different needs and preferences and is currently offering a competitive interest rate of 3% on its regular savings account. ICICI Bank also offers additional features such as overdraft facilities and sweep-in facilities, giving customers more flexibility and control over their finances.

Kotak Mahindra Bank savings account interest rate

Kotak Mahindra Bank is a private sector bank in India that is known for its innovative products and services. It offers a range of savings accounts to suit different needs and preferences and is currently offering an interest rate of 3% on its classic savings account. Additionally, Kotak Mahindra Bank offers a range of value-added services to its savings account customers, such as free mobile banking facilities, discounts on shopping and dining, and special interest rates on fixed deposits.

Axis Bank savings account interest rate

Axis Bank is a private sector bank in India that has quickly risen to prominence in recent years, thanks to its customer-centric approach and innovative products. It offers a range of savings accounts to suit different needs and preferences and is currently offering an interest rate of 3% on its prime savings account. Axis Bank also offers a range of value-added services to its savings account customers, such as free online banking facilities, mobile banking facilities, and phone banking facilities.

HDFC Bank savings account interest rate

HDFC Bank is a leading private sector bank in India that is known for its innovative products and services. It offers a variety of savings accounts to cater to different needs and is currently offering an interest rate of 2.75% on its regular savings account. HDFC Bank also offers a range of value-added services to its savings account customers, such as discounts on shopping and dining, and special interest rates on fixed deposits.

Savings account interest rate PNB Bank

PNB Bank, also known as Punjab National Bank, is a public sector bank in India that offers a range of financial products and services, including savings accounts. The bank offers different types of savings accounts to cater to the needs of different customers, with varying interest rates.

Currently, the interest rate offered on PNB Bank's savings account ranges from 2.90% to 3.25%, depending on the balance maintained in the account. For balances up to Rs. 50 lakh, the interest rate offered is 2.90%, while for balances above Rs. 50 lakh, the interest rate is 3.25%. The interest on savings accounts is calculated on a daily basis and credited to the account quarterly.

PNB Bank also offers a range of additional features and benefits to its savings account customers, such as free online banking facilities, mobile banking facilities, and phone banking facilities. Customers can also avail of a debit card with their savings account, which can be used for ATM withdrawals and shopping.

Overall, PNB Bank offers a competitive interest rate on its savings accounts and a range of value-added services to its customers. However, it's important to do your research and compare the interest rates and features of different banks before choosing a savings account that best suits your needs and preferences.

au bank savings account interest rate

AU Bank, also known as AU Small Finance Bank, is a private sector bank in India that offers a range of financial products and services, including savings accounts. The bank offers different types of savings accounts to cater to the needs of different customers, with varying interest rates.

Currently, the interest rate offered on AU Bank's savings account ranges from 3.25% to 6%, depending on the balance maintained in the account. For balances up to Rs. 2 lakh, the interest rate offered is 3.25%, while for balances above Rs. 2 lacks and up to Rs. 10 crores, the interest rate is 5.50%. For balances above Rs. 10 crores, the interest rate is 6%. The interest on savings accounts is calculated on a daily basis and credited to the account quarterly.

AU Bank also offers a range of additional features and benefits to its savings account customers, such as free online banking facilities, mobile banking facilities, and phone banking facilities. Customers can also avail of a debit card with their savings account, which can be used for ATM withdrawals and shopping.

Overall, AU Bank offers a competitive interest rate on its savings accounts and a range of value-added services to its customers. However, it's important to do your research and compare the interest rates and features of different banks before choosing a savings account that best suits your needs and preferences.

IDFC bank savings account interest rate

IDFC Bank is a private sector bank in India that offers a range of financial products and services, including savings accounts. The bank offers different types of savings accounts to cater to the needs of different customers, with varying interest rates.

Currently, the interest rate offered on IDFC Bank's savings account ranges from 3.50% to 6%, depending on the balance maintained in the account. For balances up to Rs. 1 lakh, the interest rate offered is 3.50%, while for balances above Rs. 1 lakh and up to Rs. 10 crores, the interest rate is 5.50%. For balances above Rs. 10 crores, the interest rate is 6%. The interest on savings accounts is calculated on a daily basis and credited to the account monthly.

IDFC Bank also offers a range of additional features and benefits to its savings account customers, such as free online banking facilities, mobile banking facilities, and phone banking facilities. Customers can also avail of a debit card with their savings account, which can be used for ATM withdrawals and shopping.

Overall, IDFC Bank offers a competitive interest rate on its savings accounts and a range of value-added services to its customers. However, it's important to do your research and compare the interest rates and features of different banks before choosing a savings account that best suits your needs and preferences.

Conclusion

When choosing a savings account in India, it's important to consider the interest rate offered by the bank, as this can have a significant impact on your savings over time. The banks mentioned in this blog post are currently offering some of the best savings account interest rates in India in 2023, and also offer a range of value-added services to their customers. It's important to do your research and choose the bank that best suits your needs and preferences, taking into account factors such as convenience, customer service, and additional features and benefits.