Due to the stalled economy due to Corona virus, the rate of interest on savings account has been cut significantly in the recent times. Â
So much interest is being received by
banking experts, a large number of PSUs and private banks are currently paying 2.5% to 5.5% interest (depending on the time of investment) on FD, while the rate of interest for senior citizens is 6%. is. On the other hand, some small banks are paying interest between three per cent and 7.25 per cent on their savings accounts.
New Delhi: At present, there is very little interest on various types of savings accounts running in many government and private banks. In such a situation, the income of the people has been greatly affected. Due to the continuous reduction in the repo rate by the Central Reserve Bank, many banks are paying very little interest in the accounts at this time.
So much interest is being received by
banking experts, a large number of PSUs and private banks are currently paying 2.5% to 5.5% interest (depending on the time of investment) on FD, while the rate of interest for senior citizens is 6%. is. On the other hand, some small banks are paying interest between three per cent and 7.25 per cent on their savings accounts.
These banks are getting 7 percent interest
Bandhan Bank
Bank offers many types of savings accounts with high interest rates. At present, it has 4 percent for the balance amount up to Rs 1 lakh, 6 percent from Rs 1 lakh to Rs 10 crore, 6.55 percent from 10 to 50 crore and 6.55 percent interest rate above 50 crore.
IDFC First Bank
gets 7 percent interest on the amount of more than Rs 1 lakh in this bank. The interest rate starts at 6 percent at IDFC First Bank. On this bank account you get facilities like cashback, unlimited cash withdrawal. IDFC Bank, Capital First announce the merger; What’s in it for shareholders
IndusInd Bank
These bank savings accounts get 4 per cent for up to 1 lakh rupees, 5 per cent for 1 to 10 lakh rupees and 6 percent interest on more than 10 lakh rupees. This bank pays interest on a quarterly basis. That is, interest is received on 30 June, 30 September, 31 December and 31 March.
RBL Bank, on
this bank, you get 4.75 percent interest on savings account up to Rs 1 lakh. From 1 to 10 lakh rupees, you will get 6 percent interest. From 10 lakh rupees to 5 crores, you will get 6.75 percent interest.
Ujjivan Small Finance Bank
Ujjivan 4 per cent for balances of up to Rs 1 lakh on domestic and non-resident accounts, 5 per cent on balances ranging from Rs 1 to 5 lakh, 5.25 per cent on Rs 5 to 50 lakh and Rs 50 lakh to 5 6.25 percent interest is available for up to crores.
