Top 10 Banks With Highest Savings Account Interest Rate in India 2022

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Top 10 Banks With Highest Savings Account Interest Rate in India 2022: For all new investors, savings accounts have shown to be the most excellent alternative. Individuals with a regular income are eligible to open a savings account.

This sort of account comes with several advantages that can assist consumers in growing their investment portfolio.

In India, there are several governmental and private banks. Each Bank offers its own savings account interest rates, which typically range from 2.50 percent to 6.50 percent per year.

Top 10 Banks With Highest Savings Account Interest Rate in India 2022

Top 10 Banks With Highest Savings Account Interest Rate in India 2022

In India, several banks provide consumers with the opportunity to create Savings Accounts. The following are some of the best banks.


HDFC Bank is India’s largest private sector bank, offering various financial services to its clients. One of the products is a savings account, which you may open quickly and easily from the comfort of your own home.

HDFC provides a savings account with an annual interest rate of 3.00 percent to 3.50 percent. This interest is computed every three months.

You have the option of choosing the account type you wish to create with HDFC Bank. HDFC Limited has been involved with the Indian housing market for four decades.

It’s a brand synonymous with trust, financial and management stability, and strong values as pioneers in home mortgages.


  • For Urban metro branches, the minimum amount required to establish a Savings Account with HDFC is Rs. 10,000. Five thousand rupees To start a Savings Regular Account, a deposit of Rs. 2,500 is required for Semi-Urban branches and Rs—2,500 for Rural units.
  • Cheque Book: Free for the first 25 cheque leaves every financial year; different checkbooks of 25 leaves will be charged at Rs 75 per checkbook.
  • Your money is safe and secure with a customized account number and checkbook from HDFC Bank.
  • With an HDFC Savings Account, you can get SMS notifications and e-statements.
  • You may effortlessly transfer money from one bank account to another via RTGS, IMPS, NEFT, and UPI.
  • HDFC Auto Sweep can be connected to a Multi Option Deposit (MOD) account.

Also Read: Loan Calculator Home EMI, Car, Bike, Personal loan

Kotak 811 Savings Account

If you’re seeking the most significant savings account among the various alternatives, the Kotak Mahindra Bank Savings Account might be one of them. You can effectively manage your money with Kotak Mahindra bank’s wide variety of savings accounts.

On balances exceeding INR 1 lakh, Kotak Mahindra Bank Savings Account interest rates are maintained at 3.50 percent to 4.00 percent per annum. On its savings account, there are no transaction or monthly account fees to pay.

You may pick from various savings accounts to meet your needs, including the 811 Digital Bank Account, Edge Savings Account, Sanman Savings Account, Classic Savings Account, and others.

By using a video conference, you can complete KYC in one sitting. Activating your account will take a few minutes. Your savings account will earn 4% interest, more than banks like SBI, HDFC, and ICICI. “Top 10 Banks With Highest Savings Account Interest Rate in India 2022”


  • Instant account opening
  • Zero balance account
  • Virtual debit card 
  • The whole accounting procedure is conducted without the use of paper.

DBS Bank

If you’re seeking the most significant savings account, a DBS Bank savings account might be a good alternative. Do you know that you may open a DBS Digi Savings Account without leaving your house? All you have to do is download the Digibank Mobile App on your smartphone and fill in the needed information.

You will earn INR 150 cashback on depositing INR 10,000 to your Savings Account or spending INR 3,000 with your Debit Card, as well as welcome perks on creating a savings account with interest rates ranging from 3.25 percent to 3.75 percent per year.


  • DBS Bank has a low minimum deposit requirement of Rs.10,000 to start a Fixed Deposit account.
  • Deposits with more significant amounts provide higher returns: The bigger your deposit, the better the profits you’ll get after the investing period.
  • There are a variety of tenures to select from: You have the option to invest for as long as you choose. The duration might range from 90 days to 5 years and more.
  • Choose your income payout: You have the option of receiving your interest on a monthly, quarterly, or annual basis or of re-investing the maturity amount.

Also Read: Dhani App Se Paise Kaise Kamaye? Dhani App Promo Code

RBL Bank

RBL Bank is one of India’s most well-known private banks, offering various financial services, including a popular Savings Account.

You can earn more excellent interest rates with the basic savings account, which ranges from 4.50 percent to 6.25 percent, and you can open it even if you have no money in it.

However, the interest rates will fluctuate depending on the balance in your account. “Top 10 Banks With Highest Savings Account Interest Rate in India 2022”


  • Usage of ATMs: India’s access to RBL Bank and Visa ATMs is free and limitless (subject to an Rs. 25 000 AMB maintenance fee).
  • Online Money Transfer: Transfer money safely and for free inside the nation using the RTGS and NEFT services.
  • Accidental Death Coverage Up to Rs. 5 lakhs in coverage for accidental death.
  • Enjoy a 7.1 percent annual interest rate on balances of Rs. 10 lakh and above and a 6.1 percent yearly interest rate on balances of Rs. 1 lakh and above.
  • Limits on daily transactions are high: You can withdraw up to Rs. 1,00,000 from an ATM and spend up to Rs. 2,00,000 at a POS every day.
  • There is no annual fee: Using a local or foreign debit card is free.

IndusInd Bank

IndusInd Bank is well-versed in its clients’ various banking requirements. They are constantly focused on providing goods that give their consumers a comfortable banking experience.

IndusInd Bank has created a brand new banking method with the Privilege Active Savings Account, which pays you for being active on your payments and balance transfers.

The only way to open a Privilege Active Savings Account is to do it online. You may acquire this savings account with no strings attached and no need to worry about maintaining a balance based on your monthly spending and other transactions.

As a result, staying active can get you a zero balance facility, as well as a slew of other unrivaled advantages and perks.


  • With a Privilege Active Savings Account, you may earn up to 6% p.a. on your savings account balance.
  • Choose an account number that you want to use.
  • Waiver of the monthly transaction balance requirement
  • Anywhere in India can be used to make transactions.
  • Platinum Plus Debit Card has been designed to provide exceptional value through exciting features, offers, and the ease of cashless payments for shopping, eating, entertainment, and more.
  • All IndusInd branches provide free demand draughts (up to INR.25,000/- per day).
  • Online money transfer via NEFT or RTGS is free.
  • Monthly e-Statements are available for free.

Axis Bank

Customers of Axis Bank may choose from various Savings Accounts, each with its own set of features and perks. People from all walks of life can use savings Accounts to meet their banking needs. It offers an interest rate of 3% per annum.

When using your Axis Bank card, you can get numerous discounts or cashback incentives whenever you purchase or eat out at a restaurant.

Because this Bank has so many retail partnerships, using their debit cards is a pleasurable experience. eDGE Loyalty Incentives may be used to redeem over 500 different rewards and offers. “Top 10 Banks With Highest Savings Account Interest Rate in India 2022”


  • Instant Account Number
  • For balances over $10,000, the Auto FD option is available.
  • An account with a 0 balance
  • Optional physical debit card/complimentary online debit card
  • ATM transactions are unlimited at all Axis Bank and other banks’ ATMs.
  • Lockers and De-Mat are offered at a discounted rate.
  • 150 percent off at BookMyShow, 1,000 percent off at Cleartrip, and a two-month free membership to Airtel Wynk
  • At our partner restaurants, you’ll get a minimum of 15% * discount.

Bank Of India

The Bank of India is an Indian government-owned bank headquartered in Mumbai’s Bandra Kurla Complex. The Indian Ministry of Finance controls it. It was founded in 1906 and held by the government since its nationalization in 1969.

The company has connections with 100 of India’s top banks. Download the easy leads mobile app or the easy leads browser plugin for a more informative listing.


  • A debit card may be obtained for free and used to take advantage of the various withdrawal options.
  • Insurance coverage is provided at no cost.
  • Internet banking is available.
  • Transactions at the ATM are unlimited.
  • The ability to file a tax return online is now functional.
  • On request, a personalized checkbook is available.
  • The annual interest rate is 5% to 5.50%

Yes Bank

Yes, banks offer the best interest rates in terms of Savings Accounts. The Bank offers a 4.00 percent p.a. interest rate on all Savings Accounts with a balance of up to Rs. 1 lakh, over Rs 3 lakh, a 4.50 percent p.a. interest rate on Savings Accounts with a balance of between Rs.1 lakh and Rs. 10 lakh, and a 5.5 percent p.a. interest rate on an account with a credit of more than Rs.10 lakh but less than Rs.1 crore. “Top 10 Banks With Highest Savings Account Interest Rate in India 2022”


  • Use net banking to make free NEFT / RTGS payments.
  • Get a debit card with great deals.
  • You’ll get unrestricted access to any bank’s ATMs around the country.
  • You may earn up to 6% per year on a savings account.
  • Get a quarterly interest payment on your savings.


Citibank is one of India’s most well-known foreign banks. Besides, Citibank offers a range of savings accounts, including Savings Accounts, Suvidha Salary Accounts, Savings Accounts for Expatriates, and more. The Bank’s interest rate is fixed at a rate of 2.5 percent.


  • Debit Card is provided free of charge.
  • Internet Banking’s Ease.
  • Withdrawals are simple at ATMs all around the world.
  • Points and benefits for members.
  • There are no fees for a wide range of banking services.


ICICI Bank offers a variety of savings accounts to meet the needs of its customers, including the Silver Savings Account, Advantage Woman Savings Account, Freedom Savings Account, Basic Savings Bank Account, and others.

On all ICICI Savings Accounts, the interest rate is fixed at 4% and varies between 3.00% and 3.50% per annum. “Top 10 Banks With Highest Savings Account Interest Rate in India 2022”


  • Mobile Banking allows you to manage your savings account with convenience and accessibility.
  • With Internet Banking, you may transfer funds, pay bills, shop, and book cinema tickets/travel arrangements 24 hours a day, seven days a week.
  • Touch Banking is offered in self-service branches on Sundays as well.

Also Read: What is a Mortgage Loan? How to Get it From Bank?

Conclusion (Top 10 Banks With Highest Savings Account Interest Rate in India 2022)

While it is not a complete list, it illustrates some of the elements depositors consider when choosing a bank. To meet your demands, you might create various accounts with different banks.

The customer experience and convenience that one would enjoy and the faith that the Bank will take care of her hard-earned money are the cutting edges among these institutions.

Every Bank has something unique to offer its consumers. You must first make a list of your requirements, after which you must pick the most satisfactory Bank to meet your savings account requirements. Please let me know if I’ve missed anything in the comments.

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