16 thoughts on “Best Savings Bank Account in India: Interest rate & Features”

  1. I think State bank now requires minimum balance in account. It ranges between Rs.2000 to RS.5000 only. Annual maintenance charges (AMC) are also deducted from account holder.

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  2. DBS is the best option to go with. Not just for the interest rates but for the secure banking the bank provides to its customers. It is regarded as safe bank.

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  3. I prefer choosing a bank with minimum balance requirement. Holding too much balance in saving account doesn’t look to be a good idea. I usually transfer money from savings to other investment alternatives.

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  4. The list of bank names that you have provided is very good. It is really very helpful for people who want to earn more interest from their savings bank account.

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  5. Thanks for the detailed info on Savings bank accounts. You have highlighted some really valid factors.But,the reduction in interest on saving bank accounts is really a point of concern.This will drive people to move their savings to a better place like invest in mutual funds,ELSS and other schemes etc. in order to get high returns.

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  6. Thank you for the list, its very helpful.If you don’t want interest at all and not interested in giving interest as well plus you need a bank with online services and low minimum balance, which bank is the best option in this case. Please reply.

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    • Hi, I can understand why you don’t want to take the interest. But, isn’t it possible if we take that interest money and help someone or help the community, just my opinion.

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  7. SBI charges more as service charges and requires Rs.2000 as minimum balance.Let me know please, which bank is good for less than Rs.1000 minimum balance and less service charges.

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  8. Dear admin,
    Thank you for your informative post.Currently I am staying in new location other than the address present in my address proof documents (Passport, Voter ID, Aadhar card etc).Please let me know which bank will allow me to open account in current location with old address proof.

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  9. This is a good list of banks for one to go through for a savings bank account !! Yes bank and Kotak offer the best savings interest rate. The Services are also good for Yes bank. But, IDFC bank account is quickest to open saving bank account and has good customer support plus some added benefits.

    These days people have so many good options to open Bank Account. Good Summary !

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