In today’s time, almost everyone has a bank account i.e. savings account. People keep their money safe in it, but the interest is usually not much. In such a situation, if you are told that you can get up to 7.25 percent interest on savings account, then you will not believe it. Let us know about 5 such banks, which are offering good interest rates on savings account.
State Bank of India
2.70 percent interest is given on the savings account of State Bank of India on balance up to Rs 10 crore. On the other hand, if the amount is more than Rs 10 crore, then you get 3 percent interest.
HDFC Bank
If you keep money in HDFC Bank’s savings account, you get 3 percent interest on balance up to Rs 50 lakh. On the other hand, if the balance is more than Rs 50 lakh, then you are given 3.5 percent interest on it.
ICICI Bank
If the balance in your ICICI Bank account is less than Rs 50 lakh at the end of the day, you will get 3 percent interest. If the amount is more than Rs 50 lakh, you will get 3.5 percent interest.
PNB
If the balance in Punjab National Bank’s saving account is up to Rs 10 lakh, then 2.70 percent interest is given on it. If the balance is between Rs 10 lakh and Rs 100 crore, then you will get 2.75 percent interest. However, if your bank balance is more than Rs 100 crore, then you will be given 3 percent interest on it by the bank.
IDFC FIRST Bank
IDFC Bank is offering 3 percent interest on the balance of up to Rs 5 lakh in the account. If your bank balance is between Rs 5 lakh and Rs 100 crore, then you will get 7.25 percent interest on it. An interest of 4.50 per cent is being given on bank balance of Rs 100-200 crore.
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