Highest Interest Rate on Bank Saving Deposits November 2016

Savings Account Highlights

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

Interest Rate on Bank Saving Deposits

The highest interest rate is offered by the Yes Bank (for 12 months) at 6.00% below 1 Lakh and Ratnakar Bank (for 12 months) at 5.10% below 1 Lakh followed by Laxmi Vilas Bank (for 12 months) at 5.00%.

Bank Name
(saving a/c)
Interest Rate Offered
(below 1 Lakh)
Interest Rate Offered
(above 1 Lakh)
Yes Bank Limited6.00% (p.a.)6.00% (p.a.)
Rbl Bank Limited5.10% (p.a.)6.10% (p.a.)
Laxmi Vilas Bank5.00% (p.a.)6.00% (p.a.)
Kotak Mahindra Bank Limited5.00% (p.a.)6.00% (p.a.)
Bharatiya Mahila Bank4.50% (p.a.)5.00% (p.a.)
Bandhan Bank Limited4.25% (p.a.)5.00% (p.a.)
The Nainital Bank Limited4.00% (p.a.)4.00% (p.a.)
State Bank Of Bikaner And Jaipur4.00% (p.a.)4.00% (p.a.)
Axis Bank4.00% (p.a.)4.00% (p.a.)
Catholic Syrian Bank Limited4.00% (p.a.)4.00% (p.a.)
City Union Bank Limited4.00% (p.a.)4.00% (p.a.)
Dcb Bank Limited4.00% (p.a.)4.00% (p.a.)
Dhanalakshmi Bank4.00% (p.a.)4.00% (p.a.)
Federal Bank4.00% (p.a.)4.00% (p.a.)
Hdfc Bank4.00% (p.a.)4.00% (p.a.)
Icici Bank4.00% (p.a.)4.00% (p.a.)
Idfc Bank Limited4.00% (p.a.)4.00% (p.a.)
Jammu And Kashmir Bank Limited4.00% (p.a.)4.00% (p.a.)
Indusind Bank4.00% (p.a.)5.00% (p.a.)
Karnataka Bank Limited4.00% (p.a.)4.00% (p.a.)
Karur Vysya Bank4.00% (p.a.)4.00% (p.a.)
Allahabad Bank4.00% (p.a.)4.00% (p.a.)
South Indian Bank4.00% (p.a.)4.00% (p.a.)
State Bank Of Travancore4.00% (p.a.)4.00% (p.a.)
State Bank Of Patiala4.00% (p.a.)4.00% (p.a.)
Indian Bank4.00% (p.a.)4.00% (p.a.)
Idbi Bank 4.00% (p.a.)4.00% (p.a.)
Dena Bank4.00% (p.a.)4.00% (p.a.)
Corporation Bank4.00% (p.a.)4.00% (p.a.)
Central Bank Of India4.00% (p.a.)4.00% (p.a.)
Canara Bank4.00% (p.a.)4.00% (p.a.)
Bank Of Maharashtra4.00% (p.a.)4.00% (p.a.)
Bank Of India4.00% (p.a.)4.00% (p.a.)
Bank Of Baroda4.00% (p.a.)4.00% (p.a.)
Indian Overseas Bank4.00% (p.a.)4.00% (p.a.)
Oriental Bank Of Commerce4.00% (p.a.)4.00% (p.a.)
State Bank Of Hyderabad4.00% (p.a.)4.00% (p.a.)
State Bank Of Mysore4.00% (p.a.)4.00% (p.a.)
State Bank Of India4.00% (p.a.)4.00% (p.a.)
Vijaya Bank4.00% (p.a.)4.00% (p.a.)
United Bank Of India4.00% (p.a.)4.00% (p.a.)
Union Bank Of India4.00% (p.a.)4.00% (p.a.)
Uco Bank4.00% (p.a.)4.00% (p.a.)
Syndicate Bank4.00% (p.a.)4.00% (p.a.)
Punjab National Bank4.00% (p.a.)4.00% (p.a.)
Andhra Bank4.00% (p.a.)4.00% (p.a.)

Upcoming Bank Holidays

2017 February 24 is a bank holiday in Chandigarh due to Mahashivratri.
2017 February 27 is a bank holiday in Sikkim due to Losar.
2017 March 03 is a bank holiday in Mizoram due to Chapchar Kut.
2017 March 12 is a bank holiday in Jammu And Kashmir due to Holi (Jammu Province Only).

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