- One of the the safest or smartest way to manage your savings.
- It provides liquidity of funds.
- Savings bank account is the most basic product of all the banks in India.
- It is usually a non zero-balance account means the account holder needs to maintain a minimum account balance of a certain amount.
- A penalty is levied upon the account holder for not maintaining the minimum balance as required by the bank.
- Generally opened by salaried individuals.
- It has daily withdrawal limits unlike current account where there is no such limit on withdrawal.
- Usually, it has low interest rate, it offers an interest rate which is little higher than the rate of inflation.
- It facilitates small savings with flexible amounts and tenures.
- It also offers the facility to the account holder to pay bills, make online fund transfer, make quick transactions, etc.

The highest interest rate on saving account offered by RBL Bank at 5.50% (upto 1 lakh) similarly, highest interest rate on saving account offered by DCB Bank at 6.25% (Above Rs 1 Crore to Rs 5 Crores).

Bank Name (saving a/c) | Interest Rate Offered (below 1 Lakh) | Interest Rate Offered (above 1 Lakh) | Calculate |
---|---|---|---|

Rbl Bank | 6% (p.a.) | 6% (p.a.) | |

Kotak Mahindra Bank | 5% (p.a.) | 6% (p.a.) | |

Yes Bank | 5% (p.a.) | 6% (p.a.) | |

Allahabad Bank | 4% (p.a.) | 4% (p.a.) | |

Andhra Bank | 4% (p.a.) | 4% (p.a.) | |

Bank Of Baroda | 4% (p.a.) | 4% (p.a.) | |

Bank Of India | 4% (p.a.) | 4% (p.a.) | |

Bank Of Maharashtra | 4% (p.a.) | 4% (p.a.) | |

Canara Bank | 4% (p.a.) | 4% (p.a.) | |

Central Bank Of India | 4% (p.a.) | 4% (p.a.) | |

Corporation Bank | 4% (p.a.) | 4% (p.a.) | |

Dena Bank | 4% (p.a.) | 4% (p.a.) | |

Idbi Bank | 4% (p.a.) | 4% (p.a.) | |

Indian Bank | 4% (p.a.) | 4% (p.a.) | |

Indian Overseas Bank | 4% (p.a.) | 4% (p.a.) | |

Oriental Bank Of Commerce | 4% (p.a.) | 4% (p.a.) | |

Punjab National Bank | 4% (p.a.) | 4% (p.a.) | |

Punjab And Sind Bank | 4% (p.a.) | 4% (p.a.) | |

State Bank Of India | 4% (p.a.) | 4% (p.a.) | |

State Bank Of Mysore | 4% (p.a.) | 4% (p.a.) | |

State Bank Of Hyderabad | 4% (p.a.) | 4% (p.a.) | |

State Bank Of Patiala | 4% (p.a.) | 4% (p.a.) | |

State Bank Of Travancore | 4% (p.a.) | 4% (p.a.) | |

State Bank Of Bikaner And Jaipur | 4% (p.a.) | 4% (p.a.) | |

Syndicate Bank | 4% (p.a.) | 4% (p.a.) | |

Uco Bank | 4% (p.a.) | 4% (p.a.) | |

Union Bank Of India | 4% (p.a.) | 4% (p.a.) | |

United Bank Of India | 4% (p.a.) | 4% (p.a.) | |

Vijaya Bank | 4% (p.a.) | 4% (p.a.) | |

Axis Bank | 4% (p.a.) | 4% (p.a.) | |

Bandhan Bank | 4% (p.a.) | 6% (p.a.) | |

Catholic Syrian Bank | 4% (p.a.) | 4% (p.a.) | |

City Union Bank | 4% (p.a.) | 4% (p.a.) | |

Dcb Bank | 4% (p.a.) | 6% (p.a.) | |

Dhanalakshmi Bank | 4% (p.a.) | 4% (p.a.) | |

Federal Bank | 4% (p.a.) | 4% (p.a.) | |

Hdfc Bank | 4% (p.a.) | 4% (p.a.) | |

Icici Bank | 4% (p.a.) | 4% (p.a.) | |

Indusind Bank | 4% (p.a.) | 5% (p.a.) | |

Jammu And Kashmir Bank | 4% (p.a.) | 4% (p.a.) | |

Karur Vysya Bank | 4% (p.a.) | 4% (p.a.) | |

Laxmi Vilas Bank | 4% (p.a.) | 5% (p.a.) | |

South Indian Bank | 4% (p.a.) | 4% (p.a.) | |

Tamilnad Mercantile Bank | 4% (p.a.) | 4% (p.a.) | |

Karnataka Bank | 3% (p.a.) | 4% (p.a.) |

2019 April 19 is a bank holiday in Andaman And Nicobar Island due to **Good Friday**.

2019 April 21 is a bank holiday in Tripura due to **Garia Puja**.

2019 April 27 is a bank holiday in Andaman And Nicobar Island due to **4th Saturday Bank Holiday**.

2019 May 01 is a bank holiday in Andhra Pradesh due to **May Day / Labour Day**.

2019 May 01 is a bank holiday in Maharashtra due to **Maharashtra Din**.

2019 May 07 is a bank holiday in West Bengal due to **Rabindranath Tagore Jayanti**.