Small Finance Bank: There are many small finance banks in the country, which are offering the facility of opening savings accounts at a higher rate of interest as compared to the normal banks.
Savings Account: Usually people open a savings account to increase the fund of their savings. Some part of the monthly income is taken out and put in a savings account, so that in times of emergency, you can collect a lump sum amount and there is no problem with money. Not only this, there is another advantage of opening a savings account and that is that interest is also given to you by the bank on this. This interest only acts as an income for you.
Small finance banks get more interest
There are many small finance banks in the country, which are offering the facility of opening savings accounts at a higher rate of interest as compared to the normal banks. If you are also planning to open a savings account but want a higher rate of interest, then you can open a savings account in these small finance banks. Today we are telling you a list of some such small finance banks, which give more interest than normal banks.
AU Small Finance Bank
AU Small Finance Bank is offering an interest of 7 percent on the Savings Account. To open a savings account in this small finance bank, one needs to maintain an average monthly balance of Rs 2000 to Rs 5000.
Equitas Small Finance Bank
At present, Equitas Small Finance Bank is offering an interest rate of 7 per cent. The average monthly balance required to be maintained in this small finance bank ranges from Rs 2500 to Rs 10000.
Ujjivan Small Finance Bank
Like both the banks, Ujjivan Small Finance Bank is also offering its customers the facility to open a savings account at an interest rate of 7 percent.
Suryoday Small Finance Bank
You get an interest rate of up to 6.25 percent on the savings account in Suryoday Small Finance Bank. On an average, a monthly balance of Rs 2000 is required to be maintained in this bank. If you also want to open a savings account at a higher rate of interest, then you can open a savings account in these small finance banks.
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