Investment Planning: The second wave of Corona epidemic in the country has pushed investors back into the fold. In such a situation, everyone is worried about the future. Everybody wants a small amount of money, that certain interest should be paid on the deposit and the money should also be safe.
New Delhi. The second wave of Corona pandemic (Corona second wave) in the country has pushed investors back into the fold. In such a situation, everyone is worried about the future. Everybody wants a small amount of money, that certain interest should be paid on the deposit and the money should also be safe. Generally, people keep some amount in a Savings Account to meet the immediate need of money in any emergency. If you too are planning to save in this crisis of Corona, then you can deposit money in Savings account. Some banks in the private sector are paying up to 7.15 per cent interest on their savings account i.e. savings account. So let’s know which banks are offering the highest interest on Savings accounts …
Bandhan Bank
Interest Rate – 3% – 7.15%
Private sector bond bank is paying 7.15 percent interest on savings account. However, to get this much interest, the daily balance in the account of the account holder should be more than Rs 50 crore. According to the bank’s website, if the daily balance is up to Rs 1 lakh, only 3.50 percent interest will be available on the savings account. At the same time, if the daily balance in the savings account of Bandhan Bank remains between Rs 1 lakh and 10 crore, then the interest will be 6% per annum. At the same time, the account holder will get 6.55 percent interest annually on keeping a daily balance of 10 crore to 50 crore. The bank pays interest every quarter. These rates of the bank on savings account are applicable from September 2020 only.
IDFC First Bank (IDFC First Bank)
Interest Rate – 3.5% – 6%
IDFC First Bank is paying up to 6% interest on its savings account. According to the information available on the bank’s website, the bank will pay 6 percent interest annually on deposits up to Rs 1 crore in savings account. At the same time, the bank is paying 5 per cent on deposits above Rs 1 crore and up to Rs 5 crore, 4 percent up to Rs 5 crore and up to Rs 10 crore, and 3.50 percent interest on deposits above Rs 10 crore. These rates of the bank have come into effect from 1 February 2021. Interest rates are subject to change on a quarterly basis.
AU Small Finance Bank
Interest Rate – 3.5% – 7%
AU Small Finance Bank pays interest ranging from 3.5 percent to seven percent. 3.50% on balances up to Rs 1 lakh in AU Small Finance Bank, 5% on balances above 1 lakh and less than 5 lakhs, 6 percent on balances of more than 5 lakhs and 6 percent on balances of less than 10 lakhs, but more than 10 lakhs. 7 percent on the balance of less than Rs 5 crore and more than 5 crore but is offering 6 percent annual interest rate on the balance of less than 10 crore.
RBL Bank
Interest Rate – 4.75% – 6.5%
It pays interest of 4.75 per cent to 6.50 per cent per annum on a bank savings account. According to the bank’s website, from March 1, 2021, it offers interest at the rate of 4.75 per cent on maintaining a bank balance of up to one lakh rupees on a daily basis. By maintaining a daily balance of Rs 1 lakh to Rs 10 lakh, you get a return of six percent. The bank pays interest at the rate of 6.50 per cent on maintaining a balance of Rs 10 lakh to Rs 5 crore per day.
Check the interest rates of other banks
Equitas Small Finance Bank will pay interest from 3.5 percent to seven percent. Suryoday Small Finance Bank is giving interest of four percent to 6.25 percent on the amount deposited in the savings account. At the same time, Ujjivan Small Finance Bank pays interest up to 4% – 7%.
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