Zee Media Bureau
New Delhi: In 2011, the Reserve Bank of India (RBI) had decided to give freedom to commercial banks to fix savings bank deposit rates, the last bastion of the regulated interest-rate regime.
Taking the cue from RBI, banks are offering interest rates depending on the deposited amount.
Here are banks in India that give you maximum interest on savings account. Check out the list.
RBL BANK
7.1% p.a = Daily balance above Rs 10 lakh
6.1% p.a = Daily balance above Rs 1 lakh
5.1% p.a = Daily balance upto Rs 1 lakh
DBS BANK
7% p.a = Daily balance upto Rs 1 lakh
6% p.a = Above Rs 1 lakh and upto 1 crore
4% p.a =Above Rs 1 crore
YES BANK
6% p.a. (below Rs 1 crore.)
KOTAK MAHINDRA BANK
6% p.a
LAKSHMI VILAS BANK
5% p.a = Daily Balance Upto Rs 5 lakh
6% p.a = Above Rs 5 lakh
INDUSIND BANK
4% p.a = Daily balance upto Rs 1 lakh
5% p.a = Daily balance above Rs 1 lakh but less than Rs 10 lakh
6% p.a = Daily balance above Rs 10 lakh
BANDHAN BANK
4.25% p.a = Daily balance upto Rs 1 lakh. Interest paid half yearly.
5% p.a = Daily balance above Rs 1 lakh. Interest paid half yearly.
Apart from these banks, all public sector and private sector banks give annual rate of interest of 4 percent on savings account.
