Latest Savings Account Interest Rates of Major Banks
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In this article you will find the Interest Rates of Savings Account provided by major banks in India. These interest rates are as on last updated by the banks respective websites.
Interest Rates of Savings Account of Major Banks September 2023
Introduction
In this article, you will find the Interest Rates of Savings Accounts provided by major banks in India. These interest rates are last updated by the bank’s respective websites.
Interest Rates of Savings Account of Major Banks September 2023
The list of banks below offer the following interest rate :-
Summary
- We can see that most of the major banks in India offer almost same interest rates. The most basic interest rates offered by the maximum bank ranges around 2.50% to 4%.
- IDFC First Bank provides the highest interest rates on the balance in your savings a/c. But, these banks have very limited reach. They are only based in metropolitan cities and some other few cities. It is only beneficial to choose IDFC First Bank if you have a branch near you. Otherwise, opting for another bank would be better as getting services and other advantages from IDFC First Bank will be an issue.
- IndusInd Bank as well as Kotak Mahindra Bank also provide high and competitive interest rates on their savings a/c. In comparison with top banks in India, Kotak Mahindra Bank has the widest reach across India. Their branches and ATM’s are spread all over India. It has quite high reachability.
Sir the highest is idfc first bank.. it’s a pity you have not covered it !!
The first bank to be covered in the blog itself is IDFC first . Unless the blog was edited after the comments 😂
Idfc first is maximum at current situation .. Didn’t see any mention of it . Kindly confirm
It is mentioned on top of article. Please check.
I have a saving account on Punjab national bank and i was finding the current status of interest rates. I read this blog and i think this blog will be helpful to all for knowing latest interest rate of saving accounts.
HIGHEST savings account interest rate of IndusInd bank is high compared to DBS. It should be in the list after IDFC
i think federal bank provide 1.50% below RBI’s Repo Rate , Present RBI Repo Rate is 4.0 %. so it will be 2.5%