Top Banks In India Offering Highest Interest Rate On Savings Account

Savings account are maintained to keep in our surplus cash handy and these at the same time earn some return as bank interest. Now as the interest rates in the economy are on a northward trajectory, rates on savings account have also trended higher. Likewise, here are banks that offer the highest return on savings account:

1. DCB Bank:

This is a new age bank and hence to boost its market share it is offering a high return on savings account of up to 6.75%. The said interest rate is though offered on high deposit amount of between Rs. 10 lakh to less than Rs. 50 lakh. Rates mentioned are applicable for the incremental balances that are present corresponding to the amount slabs mentioned.

Balance Range (INR)	Rate of Interest p.a. W.E.F May 19, 2022
On balances up to 1 lakh in the account	2.50%
On balances above 1 lakh to less than 2 lakh in the account	4.00%
On balances from 2 lakh to less than 5 lakh in the account	5.00%
On balances from 5 lakh to less than 10 lakh in the account	6.00%
On balances from 10 lakh to less than 25 lakh in the account	6.75%
On balances from 25 lakh to less than 50 lakh in the account	6.75%
On balances from 50 lakh to less than 2 crore in the account	6.75%
On balances from 2 cr to less than 50 crore in the account	5.50%
On balances from 50 crore and above	5.00%

 

2. RBL Bank:

This private bank offers a maximum rate of return of 6% per annum. The rates as depicted on the bank website are applicable from April 1, 2022.

Daily balance	Rate of Interest (p.a.) w.e.f April 01, 2022
Upto Rs. 1 lakh	4.25%
Above Rs. 1 lakh upto Rs. 10 lakh*	5.50%
Above Rs. 10 lakh and upto Rs. 3 Crore*	6.00%
Above Rs. 3 Crore upto Rs. 5 Crore*	6.00%
Above Rs. 5 Crore upto Rs. 10 Crore*	5.75%
Above Rs. 10 Crore upto Rs. 50 Crore*	5.75%
Above Rs. 50 Crore upto Rs. 100 Crore*	5.25%
Above Rs. 100 Crore upto Rs. 250 Crore*	5.00%
Above Rs. 250 Crore upto Rs. 300 Crore*	4.00%
Above Rs. 300 Crore*	4.00%

3. Bandhan Bank:

Kolkata based banking entity is another new age bank that has fast made its presence recognised. The bank for daily balance between Rs. 10 lakh to Rs. 2 crore is offering a return of 6% per annum.

Bandhan Bank Savings Bank Account	Interest Rate
Account Type	Rate p.a
Domestic and Non-Resident Rupee Savings Bank Account
a. Daily Balance up to ₹1 lakh	3.00%
b. Daily Balance above ₹1 lakh to ₹10 lakh	5.00%
c. Daily Balance above ₹10 lakh to ₹2 crore	6.00%
d. Daily Balance above ₹2 crore to ₹10 crore	5.00%
## For rates on amount of ₹10 crore and above, please contact the branch official.

4. IDFC First Bank:

IDFC First Bank is an Indian Private Sector Bank that forms part of IDFC, an integrated infrastructure finance company. The bank started operations on 1 October 2015, Now the bank is also offering a high return of 6%. The new rates are applicable from June 1, 2022.

On Balances (in ₹)	Rate of Interest (% p.a.)
<= 10Lac	4.00%
> 10 lac <= 10 Cr	6.00%
> 10 Cr <= 100 Cr	5.00%
>100 Cr <= 200 Cr	4.50%
> 200 Cr	3.50%

5. Yes Bank

This bank also has in recent times increased its savings account interest rate higher. The bank currently is offering an interest rate between 4-5% depending on the daily balance.

Daily Balance in the Savings Account (INR)^^	Applicable Interest Rates (p.a.) w.e.f. 8 th February'22
<=1 Lac	4.00%
>1 Lac to < 10 lacs	4.25%
>=10 lacs to < 1 Cr	4.75%
>=1 Cr to < 25 Cr	5.00%