The interest rate i.e. interest received on the amount deposited in your savings account is considered to be the biggest benefit. It is very important for you to know which bank is giving you the highest interest.
Kaam Ki Baat: There are many benefits of having a savings account in a bank. These include liquidity, interest on the funds deposited and many other benefits like safety of your funds. In this, the interest rate i.e. interest received on the amount deposited in your savings account is considered to be the biggest benefit. Therefore, it is very important for you to know which bank is giving you more interest on opening a savings account.
At present, you have three options to open a savings account. These include private banks, government banks and small finance banks. Out of these, the highest interest is available in small finance banks only. However, due to less confidence in its security, most people do not like to open an account in them. Of these three, small and new private banks give more interest to their customers on savings accounts. If you are also thinking of opening a savings account in small private banks, then today we are going to tell you about five such banks. These banks are currently giving the highest interest to their customers. Let us know which are these five banks.
DCB Bank
DCB Bank gives you interest at the rate of 6.75 percent on your savings account. This bank has the highest interest rate among all private banks. Here you have to keep a minimum balance of Rs 2,500 to Rs 5,000 according to different accounts.
RBL Bank
RBL Bank gives interest at the rate of 6 percent to its customers on the savings account. Here also you have to keep a minimum balance of Rs 2,500 to Rs 5,000 according to different accounts.
Bandhan Bank
On opening a savings account in Bandhan Bank also, you get interest at the rate of 6 percent. Here you have to keep an average monthly balance of Rs 5,000.
Yes Bank
Yes Bank is giving interest at the rate of 5.25 to its customers on opening savings accounts. Here you have to maintain an average monthly balance of Rs 10,000 to Rs 25,000.
IndusInd Bank
On opening a savings account with IndusInd Bank, you get interest at the rate of 5 percent. On opening an account here, an average monthly balance of Rs 1,500 to Rs 10,000 has to be maintained.
Information: Before choosing a bank to open a savings account, know about its long term track record, service standards, spread of branch network and its ATM service across the country.
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