Interest offered by private banks on savings accounts!
RBL Bank:
7.1% p.a. on daily balance above Rs 10 lakh
6.1% p.a. on daily balance above Rs 1 lakh
5.1% p.a. on daily balance upto Rs 1 lakh
Yes Bank:
6.1% p.a. on savings account balance below Rs 1 crore
Kotak Mahindra Bank:
6.1% p.a. on minimum monthly balance of Rs 1 lakh
Lakshmi Vilas Bank:
5% p.a. on daily balance upto Rs 5 lakh
6% p.a. above Rs 5 lakh
IndusInd Bank:
4% p.a on daily balance upto Rs 1 lakh
5% p.a on daily balance above Rs 1 lakh but less than Rs 10 lakh
6% p.a on daily balance above Rs 10 lakh
4% p.a on non-resident NRO and NRE accounts
Bandhan Bank:
4.25% p.a on daily balance upto Rs 1 lakh. Interest paid half yearly.
5% p.a on daily balance above Rs 1 lakh. Interest paid half yearly.
HDFC Bank:
4% p.a.
Axis Bank:
4% p.a.
Source: BankBazaar.com
Read to know how much interest these private banks offer on savings accounts!
