The best with an interest rate of 7% on SB accounts

Yes Bank clearly leads other banks when it comes to interest rates on savings bank accounts. The Bank offers an interest rate of 7 per cent on Savings Bank accounts. The SB account offers other facilities like free RTGS/NEFT transfer on net banking, personal accident insurance, free utility bills payment through net banking etc.

SB interest rate of 5.5% to 6%

IndusInd Bank offers a savings bank interest rate of 5.5 per cent for balances upto Rs 1 lakh and 6 per cent for balances of 1 lakh and above.

Interest rate of 5.5 to 7 per cent

Rantakar Bank offers an Interest of 5.50 per cent p.a. for amount upto Rs.1 Lac; 6.1 per cent per annum on the incremental amount above Rs 1 lakh to less than Rs 50 lakhs and any incremental amount of Rs 50 Lacs and above 7 per cent per annum.

Interest rate of 5.5 per cent to 6 per cent

Kotak Mahindra Bank offers an interest rate of 6 per cent p.a. on Savings Account balance over Rs. 1 lakh and 5.5 per cent per annum on balance up to Rs 1 lakh.

4 per cent for all other banks

All other banks, including the public sector banks offer an interest rate of 4% on balances in savings bank accounts.