How to open a savings account in India?

Know the interest rates of all Savings Bank Accounts in India. It’s usually easy to open a regular savings account at a branch, and some banks allow you to do so online. You can earn interest on your savings to grow your money. You can visit a branch if you need help or want to deposit cash.

What is the best interest rate for a savings account?

The best savings account interest rates are around 5%. At a brick-and-mortar bank, you'll often find savings rates closer to the national average, which is currently 0.47%. If you have a $10,000 savings balance, choosing an account that pays 5% will earn you about $500 in a year, while an account paying you 0.40% APY would earn about $40.

Do banks offer interest on savings accounts?

Both public sector and private sector banks offer interest on their savings accounts to facilitate users to earn maximum interests. We’ve put together a list of savings account interest rates to help you choose the account that’s most suitable for your needs.

Which bank has a high interest rate?

As far popularity is concerned, RBL Bank has gained a lot of traction recently. It offers a high savings account interest rate of 6% – 6.75% p.a. based on the balance you have in your account. For a high interest bank alternative, IndusInd also scores well by providing 6% interest rate on your savings account.

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