Saving Interest Rates of All Banks

Banks offer a range of financial products to their customers to meet their needs. These products also include Savings Account. People park their money with Savings Account for a variety of reasons. The most attractive features offered by a Savings Account are liquidity of funds, provides ATM/Debit card, paying utility bills through standing instructions, platform for net banking, online shopping, viewing statements online and facility of mobile banking.

Earlier banks used to offer same interest rate on their savings accounts i.e. 4% per annum and you used to get the same returns with any bank. But during the year 2012, Reserve Bank of India (RBI) has de-regulated interest on savings account and banks are now free to decide on the interest rate that they want to offer on savings account which directly benefits the customers. Due to stiff competition, banks have started paying higher interest rates like 6% to 7% in order to attract more and more people to open the account with them and enhance their customer base.

Interest on Savings Account is calculated on daily basis for the closing day balance which will get accumulated and will be paid to the customers on quarterly or half yearly basis.

Below list will help you selecting the best savings account for parking your money in terms of higher interest rate and other features. It also facilitates you to calculate the interest amount on your deposit.

Saving Account Interest Rate in India

Bank Name
(saving a/c)
Interest Rate Offered
(below 1 Lakh)
Interest Rate Offered
(above 1 Lakh)
Allahabad Bank4.00% (p.a.)4.00% (p.a.)
Andhra Bank4.00% (p.a.)4.00% (p.a.)
Axis Bank4.00% (p.a.)4.00% (p.a.)
Bandhan Bank Limited4.25% (p.a.)5.00% (p.a.)
Bank Of Baroda4.00% (p.a.)4.00% (p.a.)
Bank Of India4.00% (p.a.)4.00% (p.a.)
Bank Of Maharashtra4.00% (p.a.)4.00% (p.a.)
Bharatiya Mahila Bank4.50% (p.a.)5.00% (p.a.)
Canara Bank4.00% (p.a.)4.00% (p.a.)
Catholic Syrian Bank Limited4.00% (p.a.)4.00% (p.a.)
Central Bank Of India4.00% (p.a.)4.00% (p.a.)
City Union Bank Limited4.00% (p.a.)4.00% (p.a.)
Corporation Bank4.00% (p.a.)4.00% (p.a.)
Dcb Bank Limited4.00% (p.a.)4.00% (p.a.)
Dena Bank4.00% (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.)
Idbi Bank 4.00% (p.a.)4.00% (p.a.)
Idfc Bank Limited4.00% (p.a.)4.00% (p.a.)
Indian Bank4.00% (p.a.)4.00% (p.a.)
Indian Overseas Bank4.00% (p.a.)4.00% (p.a.)
Indusind Bank4.00% (p.a.)5.00% (p.a.)
Jammu And Kashmir Bank Limited4.00% (p.a.)4.00% (p.a.)
Karnataka Bank Limited4.00% (p.a.)4.00% (p.a.)
Karur Vysya Bank4.00% (p.a.)4.00% (p.a.)
Kotak Mahindra Bank Limited5.00% (p.a.)6.00% (p.a.)
Laxmi Vilas Bank5.00% (p.a.)6.00% (p.a.)
Oriental Bank Of Commerce4.00% (p.a.)4.00% (p.a.)
Punjab National Bank4.00% (p.a.)4.00% (p.a.)
Rbl Bank Limited5.10% (p.a.)6.10% (p.a.)
South Indian Bank4.00% (p.a.)4.00% (p.a.)
State Bank Of Hyderabad4.00% (p.a.)4.00% (p.a.)
State Bank Of Patiala4.00% (p.a.)4.00% (p.a.)
State Bank Of Bikaner And Jaipur4.00% (p.a.)4.00% (p.a.)
State Bank Of India4.00% (p.a.)4.00% (p.a.)
State Bank Of Mysore4.00% (p.a.)4.00% (p.a.)
State Bank Of Travancore4.00% (p.a.)4.00% (p.a.)
Syndicate Bank4.00% (p.a.)4.00% (p.a.)
The Nainital Bank Limited4.00% (p.a.)4.00% (p.a.)
Uco Bank4.00% (p.a.)4.00% (p.a.)
Union Bank Of India4.00% (p.a.)4.00% (p.a.)
United Bank Of India4.00% (p.a.)4.00% (p.a.)
Vijaya Bank4.00% (p.a.)4.00% (p.a.)
Yes Bank Limited6.00% (p.a.)6.00% (p.a.)
Disclaimer: The Saving Deposit Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD.      Source: Bank Websites

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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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
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