Best savings account Interest Rates: While opening a savings account, hardly anyone thinks about the interest rates. Most savings accounts have only one objective – to deposit money. But think that you should also deposit money in the bank and get FD as much interest on your savings account. Compared to big banks, some small banks and small finance banks in the country are offering up to 7% interest on savings account.
IDFC First Bank
Upto Rs 1 lakh – 6.00%
Above 1 lakh to 10 crores – 7.00%
More than 10 crores to 50 crores – 4.50 percent
More than 50 crores to 100 crores – 4.00 percent
More than 100 crores – 3.50 percent
Bandhan Bank
Upto Rs 1 lakh – 3.00%
Above 1 lakh to 10 crores – 6.00%
More than 10 crores to 50 crores – 6.55 percent
More than 50 crores – 7.15 percent
(These rates are applicable from 7 September 2020.)
Equitas Small Finance Bank
Upto Rs 1 lakh – 3.50%
Above Rs 1 lakh and up to 30 crore – 7.00 percent
Above 30 crores and up to 50 crores – 7.25 percent
(These rates are applicable from 5 November 2020.)
Utkarsh Small Finance Bank
Upto Rs 1 lakh – 5.00 percent
Above Rs 1 lakh and up to 25 lakh – 6.00 percent
Over Rs 25 lakh – 7.25 percent
(These rates are applicable from 1 August 2020.)
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AU Small Finance Bank
Less than Rs 1 lakh – 4.00%
1 lakh to less than 5 lakh rupees – 5.00 percent
5 lakh to less than 10 lakh rupees – 6.00 percent
10 lakhs to less than 5 crores – 7.00 percent
Rs 5 crore to less than Rs 10 crore – 6.50 percent
(These rates are applicable from 25 May 2020.)
Jana Small Finance Bank
Upto Rs 1 lakh – 4.00%
Above Rs 1 lakh and up to Rs 10 lakh – 5.00 percent
Rs 10 lakh and up to Rs 5 crore – 7.00 percent
Over Rs 5 crore – 7.25 percent
(These rates are applicable from 14 August 2020.)
{Note: All these rates are taken from the website of Small Finance Banks.}
Source: www.financialexpress.com