We will compare all private banks and will see which is the best saving account for higher interest rate.

HDFC saving account interest rate

  • Rs. 50 lakh and above but less than Rs. 500 Crore : 3.75% annual
  • Below Rs 50 lakh   : 3.25% annual

HDFC saving account interest rate is effective from 15th April, 2020.

ICICI bank saving account interest rate

  • Rs. 50 lakh and above : 3.75% annual
  • Below Rs 50 lakh   : 3.25% annual

The above interest rate in ICICI bank is effective from 9th April 2020. Savings Bank Account Interest is calculated on a daily basis on the daily closing balance in the Account, at the rate specified by ICICI Bank in accordance with Reserve Bank of India directives. The interest amount calculated is rounded off to the nearest rupee.

In ICICI bank saving account interest rate will be paid quarterly in March, June, September and December.

Kotak saving account interest rate

  • In 811 (0 balance account), 1 lakh and above : 4% annual
  • Below Rs 1 lakh   : 3.50% annual

In Kotak, W.e.f. May 25, 2020, interest rate on daily balances in Savings Account stands revised as follows: Daily balances above Rs. 1 lakh will earn 4% interest p.a. and daily balances up to Rs. 1 lakh will earn 3.50% interest p.a. The interest rates mentioned are applicable for Resident Accounts only.

Citibank saving account interest rate

Citibank interest rate 3.25%

Bandhan Bank account interest rate

  • Daily Balance up to Rs. 1 Lac 4.00%
  • Daily Balance above Rs. 1 Lac to 10 crore 6.00%
  • Daily Balance above 10 crore to 50 crore 6.55%
  • Daily Balance above 50 crore 7.15%

Interest is paid at every calendar quarter on 30th June, 30th September, 31st December and 31st March.

The interest rate in nationalized banks:

SBI interest rate in 2020

IDBI bank account interest rate 

Saving account interst rate in 2020 of all banks

Bank NameInterest rate in 2020
Allahabad Bank3.50%
Andhra Bank3.00%
AU Finance3.75 to 6.4
Axis Bank3.25% – 5.25%
Bank of Baroda3.00% – 3.25%
Bank of India3.25% – 3.50%
Bandhan Bank4.00% – 7.15%
Bank of Maharashtra3.25% – 3.50%
Canara Bank3.25% – 3.75%
Central Bank of India3.00% – 3.25%
Citibank3.25%
Corporation Bank3.00%
Dena Bank3.00% – 3.25%
Dhanlaxmi Bank3.50%
DBS Bank (Digibank)4.00% – 7.00%
Federal Bank2.25% – 3.65%
HDFC Bank3.25 to 3.75
HSBC Bank3.50%
ICICI Bank3.25 to 3.75
IDBI Bank3.50% – 4.00%
IDFC BankUpto 7.00%
India Post Payments Bank3.00%
Indian Bank3.50%
Indian Overseas Bank3.50% – 3.75%
IndusInd Bank4.00% – 6.00%
Jammu and Kashmir Bank3.25%
Jana Small Finance Bank5.00% – 8.00%
Karnataka Bank3.00% – 5.00%
Kotak Bank3.50 to 4.00
Lakshmi Vilas Bank3.50% – 6.50%
Oriental Bank of Commerce3.25% – 3.80%
Punjab National Bank3.25% – 3.80%
Punjab & Sind Bank3.50% – 4.00%
RBL Bank5.00% – 6.75%
South Indian Bank2.50% – 5.30%
State Bank of India (SBI)2.75%
Syndicate Bank3.25% – 3.75%
UCO Bank2.50% – 3.00%
Union Bank of India3.00%
United Bank of India3.50% – 3.75%
Utkarsh Small Finance Bank7.00% – 7.75%
Vijaya Bank3.00% – 3.25%
YES Bank5.00% – 6.25%

Saving account interest rate of all banks in India in Hindi [higher interest rate of bank account]

https://www.youtube.com/watch?v=tECJ4azZDdk&t=193s