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)
Calculate
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 January 26 is a bank holiday in Andaman And Nicobar Island due to Republic Day.
2017 February 01 is a bank holiday in Andaman And Nicobar Island due to Saraswati Puja (Shree Panchami)/Basant Panchami.
2017 February 10 is a bank holiday in Chandigarh due to Guru Ravidas's Birthday.
2017 February 15 is a bank holiday in Manipur due to Lui Ngai-Niw.

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Bank Interest Rates

ALL INDIA BANKS LIST
AB Bank Ltd ABN-AMRO Bank N.V Abu Dhabi Commercial Bank Airtel Payments Bank Limited
Allahabad Bank American Express Banking Corp Andhra Bank Antwerp Diamond Bank NV
AXIS Bank Bandhan Bank Limited Bank Of America Bank Of Bahrain & Kuwait B.S.C
Bank Of Baroda Bank Of Ceylon Bank Of India Bank Of Maharashtra
Bank Of Nova Scotia Bank Of Tokyo Mitsubishi Limited Barclays Bank Bharatiya Mahila Bank
BNP Paribas Calyon Bank Canara Bank Catholic Syrian Bank Limited
Central Bank Of India Chinatrust Commercial Bank Limited Citi Bank City Union Bank Limited
Corporation Bank DBS Bank Ltd DCB Bank Limited Dena Bank
Deutsche Bank Dhanalakshmi Bank Equitas Small Finance Bank Limited Exim Bank Export Import Bank Of India
Federal Bank HDFC Bank HSBC Bank HSBC BANK OMAN SAOG
ICICI Bank IDBI Bank IDFC Bank Limited Indian Bank
Indian Overseas Bank IndusInd Bank Jammu And Kashmir Bank Limited JP Morgan Bank
JSC VTB Bank Karnataka Bank Limited Karur Vysya Bank Kotak Mahindra Bank Limited
Krung Thai Bank Public Co. Ltd Laxmi Vilas Bank Mashreqbank Psc Mizuho Corporate Bank Limited
Oman International Bank SAOG Oriental Bank Of Commerce Punjab And Sind Bank Punjab National Bank
RBL Bank Limited SBM Bank Mauritius Limited Shinhan Bank Societe Generale
Sonali Bank South Indian Bank Standard Chartered Bank State Bank Of Hyderabad
State Bank Of Patiala State Bank Of Bikaner And Jaipur State Bank Of India State Bank Of Mysore
State Bank Of Travancore Syndicate Bank Tamilnad Mercantile Bank Limited The Nainital Bank Limited
UBS AG UCO Bank Union Bank Of India United Bank Of India
Vijaya Bank Yes Bank Limited