My friend moved to Bangalore for his new job in a start-up. The start-up did not have any tie-ups with banks to open zero-balance salary accounts for its employees.
He was asked to open a savings bank account in a bank of his choice for crediting his monthly salary.
He wanted to open an account with ICICI or HDFC but they said that he needs to maintain a minimum of 10,000 INR in his account. His salary was not very high so he was unsure whether he would be able to maintain this balance.
He wanted to avoid PSU banks like SBI or Canara because he wanted to experience good customer service, offers on debit cards, and the latest technology-enabled banking.
I suggested him to open an account with RBL because they offer one of the best interest rates and are giving good competition to premium banks in terms of services and offers.
I did in-depth research on major Indian banks to find the best savings account in India in 2024 for various needs like high-interest rates, zero balance offers on debit cards, international debit cards, mobile apps, customer service and global reach.
Here is the list of the 11 Best banks for savings accounts in India 2024
- AU Digital Savings Account – Monthly interest payout
- Kotak Bank Savings Account – Best for fastest online account opening
- IndusInd Bank Savings Account– Best for 3-in-1 account with discount broker
- ICICI Bank Savings Account – Known for great technology
- HDFC Bank Savings Account – Best for great customer products
- Axis Bank Savings Account – Great for rewards, discounts & cashback
- ESAF Savings Account – Best for the highest interest rate
- SBI Savings Account – Best bank for students
- NiyoX Digital Savings Account – Best digital (NEO) bank
- Bank of Baroda Savings Account – Best government bank
Let’s review the top 10 savings accounts in India to open in 2024
Best Savings Bank Account in India 2024
#1. Kotak 811 Savings Account Review (Fastest Online Account Opening)
Kotak 811 Digital Bank is one of the best savings accounts provided by Kotak Bank. 811 is a zero-balance savings account that you can open online through your mobile or laptop.
You can complete the KYC through a video call in a single go. Your account will be activated within a few steps.
You will get up to 4% interest rate on your savings account which is more than banks like SBI, HDFC, and ICICI. When you opt for Kotak ActivMoney (auto sweep-in), then the amount over Rs. 25,000 earns 7% interest rates.
Benefits of Kotak 811 Account
- Instant account opening
- Zero balance account
- Virtual debit card (with an option to get a physical debit card)
- The whole account opening process is paperless
You can seamlessly open the Kotak 811 savings account while sitting in your house without going to the bank branch.
The details for savings accounts are as under
| Monthly Average Balance | Zero Balance |
| Rate of Interest | up to 4% for daily balances up to 25,000 7% for balances over 25,000, if opted for ActivMoney |
| Account Opening Process | Online through website |
| Channel of Access | Mobile, Netbanking, Branch & ATMs |
| Ease of use | Average |
What We Like
- Higher rate of interest
- Online and paperless account opening
- Easy account opening process
- Virtual debit card
What We Didn’t Like
- Average mobile apps
Best For
Persons who are looking for a higher interest rate and zero account balance.
#2. AU Digital Savings Account
AU Small Finance Bank’s digital savings account can be opened online in a few minutes through video KYC.
All you need is your PAN card, Aadhaar card and decent internet.
AU Bank offers one of the highest interest rates on savings accounts, up to 7.25%. You get the interest payout monthly, instead of quarterly like other banks. This is perfect for people who have a monthly dependency on their savings interest.
The digital savings account is a zero-balance savings account, so you don’t need to worry about maintaining the monthly balance.
AU Savings Account Interest Rate
| Savings Account Balances | Rate of Interest (per annum) |
| Less than INR 1 Lac | 3.00% |
| From INR 1 Lac to less than INR 3 Lacs | 3.00% |
| From INR 3 Lacs to less than INR 5 Lacs | 4.00% |
| From INR 5 Lacs to less than INR 10 Lacs | 5.00% |
| From INR 10 Lacs to less than INR 1 Crores | 7.00% |
| From INR 1 Crore to less than INR 5 Crores | 7.25% |
| From INR 5 Crore to less than INR 10 Crores | 7.00% |
Benefits of AU Digital Savings Account
- Instant paperless account opening
- Zero monthly average balance to maintenance
- Up to 7.25% interest with a monthly payout
- Extended banking visit hours till 6 pm on select branches.
#3. Axis Bank Savings Account (For Good Services)
I don’t have any personal experience with Axis Bank but I find that Axis is the only bank that gives rewards points on account-related transactions.
Like you can earn reward points for making ECS, standing instructions, and opening an RD or demat trading account.
On opening a savings account you get additional benefits like rewards, gift vouchers, discounts and complimentary movie tickets.
Axis has two different sets of savings bank accounts. Amaze, Easy Access and Liberty with lower account balance requirements and Prestige, Priority and Burgundy with higher balance requirements.
Best Axis Bank Savings Account
| Savings Account | Minimum Average Balance |
| Axis Amaze Savings Account | Zero balance |
| Axis Easy Access Savings Account | Metro – Rs. 12,000 pm Urban – Rs. 12,000 Semi-urban – Rs. 5000 |
| Axis Liberty Savings Account | Monthly Rs. 25,000 |
| Axis Prestige Savings Account | Monthly – Rs. 75,000 |
| Axis Priority Savings Account | Monthly Rs. 2 Lacs |
| Axis Burgundy Savings Bank Account | Quarterly Rs. 10 Lacs |
The details for the savings bank account are
| Rate of Interest | Up to 50 Lac – 3.0% Above 50 Lac- 3.5% |
| Account Opening Process | Online, Physical Branch Visit |
| Channel of Access | Mobile, Netbanking, Branch & ATMs |
| Ease of use | Average |
What We Like
- Quality services
- Reward points & cashback for normal banking transactions
What We Didn’t Like
- Benefits only at higher relationship value
- Average customer support
Best For
Persons who are looking for the best services and benefits.
#4. IndusInd Bank Savings Account (3-in-1 account with Upstox)
Indusind Bank offers a zero balance 3 in 1 (savings, trading & demat account) in collaboration with Upstox.
IndusStox comes with a Smart Transfer feature, in which you don’t need to transfer money from the savings account to a trading account for stock trading. The funds will remain in your savings account & you will earn interest on the amount.
You can earn up to 7% interest on your savings account. The savings account interest rate is higher than the fixed deposit interest rate of banks like SBI.
Benefits of 3-in-1 IndusStox Account
- Zero balance bank account
- Higher savings account interest rate
- Free demat & trading account opening
- Online account opening
| Rate of Interest (on daily balance) | Up to 7% |
| Account Opening Process | Online through website |
| Channel of Access | Mobile, Netbanking, Branch & ATMs |
| Ease of use | Average |
Best For
If you are looking to open an online savings account and are also interested in stock investment/ trading then you must open the free IndusStox account.
#5. ICICI Bank Savings Account (For Best Technology)
Opening a savings bank account with ICICI is like banking at the fingertips with 200+ banking services offered online.
They have amazing tech experience. Take the iMobile banking app which is user-friendly and is secured using PKI end-to-end 265-bit encryption giving absolute peace of mind.
You can check transactions and balances, transfer funds, open MF, FD, RD, PPF and NPS accounts, pay bills and insurance premiums, book tickets and even manage your Demat account portfolio with Mobile.
ICICI bank’s internet banking has a superior interface and navigation where you can find all the information at one place.
All the authentication factors are present on the same page, making fund transfers quick and easy.
You need not scroll pages but can access all service requests from a single location. This saves time and offers a hassle-free user experience.
Best Savings Account Options by ICICI Bank
- ICICI Regular Savings Account
- ICICI Family 360 Banking
- ICICI Wealth Banking Savings Account
- ICICI Smart/Young Star Savings Account
| Monthly Average Balance | Rs. 5,000 to Rs. 1 Lac (depending on variant). Wealth Banking requires a relationship value of Rs. 50 Lacs |
| Rate of Interest (on end of day balance) | Below 50 Lac – 3.00% Rs. 50 Lac & above – 3.50% |
| Account Opening Process | Online and Branch visit |
| Channel of Access | Mobile, Netbanking, Branch & ATMs |
| Ease of use | User-friendly and easy |
What We Like
- Best mobile app
- Online banking is smooth & hasslefree
- Always 10 steps ahead in technology than any bank in India
What We Didn’t Like
- No extra benefits to a loyal customer
- Banking product benefits are average
#6. HDFC Bank Savings Account (For Best Products)
With HDFC you have access to the best products in the market – best credit cards, loans, Payzapp, and SmartBuy.
Best or unique products from HDFC Bank
HDFC Diners Club Black Credit Card
Diners club black is a super premium credit card from HDFC where you save up to 33% while shopping at 10X partner brands like Flipkart, Amazon, Yatra & Cleartrip via Smart Buy.
The card lets you earn 3 reward points per Rs. 150 spent and has a higher reward value of 0.30 rupee per reward point.
HDFC Smart Buy
An online shopping platform linked to the bank’s website where merchants display exclusive products and services for all HDFC Bank’s customers.
The customers get the best deals from e-commerce companies such as Snapdeal, Flipkart and Amazon.
HDFC on Chat
HDFC on Chat is a natural language processing-based artificial intelligence platform that lets you chat through your FB messenger to make payments.
HDFC on Chat can be used even by non-customers to avail services like bill payments, mobile recharge, travel, movies and event bookings, etc.
HDFC Personal Loans on ATMs
For existing customers, HDFC banks provide an option of availing small instant personal loans at the ATM. The option shows on the ATM screen. All you need is to e-agreement on the screen and the money gets transferred to your account.
The facility is based on the customer’s financial details and a fair assessment of their profile. ICICI and SBI are the other banks providing this facility.
HDFC Bank has another set of premier banking services and products where you have exclusive pricing, phone banking services and lifestyle benefits.
The premier banking includes customized solutions for needs related to
- Investments in equity & mutual funds,
- Tax payments,
- Health Insurance
- Term Insurance
- Portfolio management services.
All the premier banking needs are looked after by a dedicated relationship manager.
To avail of premium banking services, you need to have a higher monthly average balance in your savings account. Which starts from Rs. 1 Lakh for classic premier banking to Rs. 10 Lacs and above for Imperia premium banking.
Best Saving Accounts from HDFC Bank
- HDFC Savings Max Account
- HDFC GIGA Savings Account
- HDFC Regular Savings Account
- HDFC Speciale Gold & Speciale Platinum Account
- HDFC DigiSave Youth Account
| Monthly Average Balance | Rs. 5,000 to Rs. 3,00,000 (depending on variant) |
| Rate of Interest | Up to 50 Lac – 3.0% Above 50 Lac- 3.5% |
| Account Opening Process | Online and Branch visit |
| Channel of Access | Mobile, Netbanking, Branch & ATMs |
| Ease of use | Average |
What We Like
- They offer good products (like credit cards) to loyal customers
- Premium bank products have great benefits
What We Didn’t Like
- Average service
- Average technology (poor mobile app)
- Staff is not knowledgeable or may misguide the customers
Best For
Anyone who is looking for premium, best and customized products.
#7. RBL Bank Saving Account
RBL Bank offers up to 7.50% interest rate which is higher compared to most banks. Even the FD interest rate of SBI, HDFC and ICICI ranges between 5 to 6%.
Without locking money, you earn an FD interest rate on your savings account.
RBL offers a digital savings account that you can open online without going to the bank branch.
You need to follow just 3 easy steps
Step 1 – Provide Aadhar and PAN details
Step 2 – Choose an account variant
Step 3 – Update personal details
The details for savings accounts are as under
| Monthly Average Balance | Rs. 5,000 to Rs. 50,000 |
| Rate of Interest | Up to 1 Lac – 3.50% Above 1 Lac – 5.50% to 7.50% |
| Account Opening Process | Online through website |
| Channel of Access | Mobile, Netbanking, Branch & ATMs |
| Ease of use | Average to better |
What We Like
- Higher rate of interest
- Quick account opening process
- Quick bill pay facility
- Virtual debit card
What We Didn’t Like
- Higher interest rates are applicable only on a monthly balance greater than Rs. 1 Lac.
Best For
Persons who are looking to earn a higher interest income and other banking benefits.
Best Banks with Highest Interest Rate on Saving Account in India 2024
#8. ESAF Small Finance Bank Savings Account
RBI issued a banking license to ESAF in 2017.
ESAF’s corporate office is located in Thrissur, Kerala and has a pan India network of 756 branches, 646 ATMs, and 1097 customer service centers in 24 states.
Banking facilities include solutions like –
- Savings & Current accounts
- RD, FD & NRI deposits
- Microloan, agri loans, two wheeler loans, home loan
- Loan against gold, property and Business loans
- Microbanking for low-income and unbanked segments of society
Best ESAF Savings Account
| Savings Account | Minimum MAB balance |
| Eleganza Savings Account | Rs. 1 Lac |
| Pradham Savings Account | Rs. 25,000 |
| Royale Savings Account | Rs. 10,000 |
| Pragati Savings Account | Rs. 3,000 |
| Esteem Savings Account | Rs. 5,000 |
| Premium Savings Account | Rs. 10,000 |
The details for the savings bank account are
| Rate of Interest | Up to Rs. 1 Lac – 3.5% Up to Rs. 5 Lac – 6.00 Above Rs. 5 Lac – 7.50% (incremental amount over Rs. 5 Lac) Above Rs. 15 Crore – 8.0% (incremental amount over 15 Cr) |
| Account Opening Process | Physical |
| Channel of Access | Mobile, Netbanking, Branch & ATMs |
| Ease of use | Average |
What We Like
- High interest rate
- Quarterly interest payout
- Debit card with 2 international lounge access per year
What We Didn’t Like
- Services concentrated in South India
Best For
People looking for the highest interest rates on the savings account.
Best Bank in India for Students (Savings Account for Students)
#9. State Bank of India Savings Account (For Widespread Reach & Services)
A widespread network of SBI branches and ATMs offers immediate physical cash access.
For students, SBI has dedicated branches and extension counters at their schools, colleges and university premises.
Which helps them in paying regular fees and exam fees with ease. Additionally, students have access to banking services that carry lower charges.
Best State Bank of India Savings Account
- SBI Basic Savings Bank Account
- SBI Small Savings Account
- SBI Savings Plus Account
- SBI Insta Plus Savings Account
The details for savings accounts are as under
| Monthly Average Balance | Nil |
| Rate of Interest | 2.70% to 3.00% |
| Account Opening Process | Online through the website, YONO app, Branch |
| Channel of Access | Mobile, Netbanking, Branch and ATM |
| Ease of use | Average to good |
What We Like
- Widespread reach and services
- NIL monthly balance
What We Didn’t Like
- No premium savings accounts or benefits
Best For
Students and persons with a nearby branch.
Best Digital Bank in India 2024 (Neo Banks)
#10. NiyoX Digital Savings Account
NiyoX is a zero-balance savings + investment account offered by Finnew Solutions Pvt. Ltd (a new age fintech company) in partnership with either:
- SBM (State Bank of Mauritius)
- DCB Bank
- Equitas Small Finance Bank or
- Utkarsh Small Finance Bank
Niyo gives you the flexibility to choose one of the banking partners while opening a savings account.
Your phone is your bank with a NiyoX Digital savings account. You can enjoy the convenience of basic without any hassle to maintain a monthly average balance.
Unlike traditional banks, here you need not fill out forms for account opening. The account opening is simple and completely digital via the NiyoX app. The verification is done online using Aadhar OTP and uploading KYC documents.
Zero Forex Visa Card is the biggest benefit that NiyoX offers which is accepted in 150+ countries and 100+ currencies globally. You save 3% – 5% on markups every time you deal in FX.
The details for the Niyo Equitas savings account are as under
| Monthly Average Balance | NIL |
| Rate of Interest | up to 7.5% |
| Account Opening Process | NiyoX App |
| Channel of Access | Mobile |
| Ease of use | Average to good |
| Variants of Savings Accounts | NIL |
What We Like
- Digital account opening via app
- Zero monthly average balance
- Zero forex Visa debit card
What We Didn’t Like
- No physical branches
- Relies on the partnership
Best For
Students & Professionals traveling abroad
You may also like to read – Best bank for current account in India
Best PSU (Government) Bank in India
#11. Bank of Baroda Savings Account
Bank of Baroda is the second largest PSU bank with good products and quality customer service. The bank offers a decent net banking service but the apps are average.
Best Bank of Baroda Savings Account
- BOB Masterstroke Savings Account
- BOB Lite Savings Account
- BOB Bro Savings Account
- BOB Super Savings Account
- BOB Professional Savings Bank Account
- BOB Advantage Savings Account
- BOB Platinum Savings Account
The details for savings accounts are as under
| Quarterly Average Balance | Rs. 0 to Rs. 1 Lac (depending on the account) |
| Rate of Interest | 2.75% to 3.00% |
| Account Opening Process | Branch, online |
| Channel of Access | Mobile, Netbanking, Branch and ATM |
| Ease of use | Average to good |
What We Like
- Best customer services
What We Didn’t Like
- No premium savings accounts or benefits
- No good apps
Best For
Individuals looking for the best of services at a PSU bank.
Factors to Consider While Opening a Savings Bank Account
Assess your requirements and how you are going to operate before you open a savings account. After you are done pick the savings accounts that best matches with your requirements and operation needs.
#1. Why You Need a Savings Account
Savings account comes in various types:
- Regular Savings Account – Normal Banking operation
- Salary Savings Account – For receiving salary & IT Refunds
- Professional, Senior, Women & Kids Focused Savings account
If you are looking for monthly budgeting then any regular savings account will do.
Pick up a savings account that gives higher interest rates if you are using it for parking investment funds. This way you will get higher interest on your idle funds.
#2. Mode of Operation & Service
A Digital Savings account will be handy if you:
- do more online shopping and spending
- need very few branch visits and customer support
- handle lesser physical cash
If you are old school or operate from a rural or a remote location then having a savings account at traditional banks with wide reach and branches will be convenient for you.
#3. Rate of Interest
There is a wide variation in interest rates offered. Savings accounts in government banks offer 2.5% to 3.5% per annum interest.
Private Banks pay you 3.5% to 5%. Whereas, new-age digital banks & small finance banks offer up to 8% interest rates.
List of Banks with Zero Balance Accounts in India
Almost all banks in India offer a basic zero-balance savings account. The problem is few of them will tell you about it upfront.
Bank employees don’t advertise the zero balance savings account to you. The reason is that they do not get any incentive to open a zero-balance savings account.
Please note that zero balance accounts are basic savings bank deposit accounts. The main purpose of this is to connect the unbanked section of society and provide minimum banking services.
Hence, you will find a cap on the amount and number of transactions and restrictive services on zero-balance accounts.
Below is the list of banks offering zero-balance savings accounts:
- Kotak Mahindra Bank
- State Bank of India
- Federal Bank
- Bank of Baroda
- ICICI Bank
- Axis Bank
- Standard Chartered Bank
- IDFC Bank
- IndusInd Bank
- HDFC Bank
- RBL Bank
- Airtel Payment Bank
- Yes Bank
Saving Bank Interest Rates Comparison
| Bank | Below Rs. 1 Lac | Above Rs. 1 Lac |
| ICICI Bank | 3.0% | up to 3.5% |
| HDFC Bank | 3.0% | up to 3.5% |
| Axis Bank | 3.0% | 3.5% |
| ESAF Small Finance Bank | 3.50% | up to 8.0% |
| IndusInd Bank | 3.0% | up to 7% |
| IDFC First Bank | 3.0% | up to 7.25% |
| Kotak Mahindra Bank | up to 7% (with ActivMoney) | up to 7% (with ActivMoney) |
| RBL Bank | 3.50% | up to 7.50% |
| Yes Bank | 3.0% | up to 7.0% |
| DBS Bank | 3.25% | up to 7% |
| Bandhan Bank | 3.0% | up to 7.0% |
| State Bank of India | 2.70% | up to 3.0% |
| AU Bank | 3.0% | up to 7.25% |
| NiyoX Bank | 3.5% | up to 7.50% |
| Bank of Baroda | 2.75% | up to 3.0% |
Final Words
Every bank has some unique features for its customers.
You need to first list down your needs and then choose the best bank that would fulfill your savings account needs.
If I have missed any information, let me know in the comments.
FAQs
A bank that fulfills your requirements is best for you to open a savings account. Like ESAF bank is best for high-interest-rate savings accounts. SBI is best for students as on campus you would find SBI branches.
ESAF Small Savings Bank offers the highest interest rate up to 8.0% on a savings account.
HDFC is the largest private bank in India
Banks give 7% interest only when you:
– Keep more than a crore in saving account
– Opt for an auto sweep in products
A few of the banks that offer this are – Kotak Bank, ESAF, DBS, IndusInd, and AU Bank.
NiyoX savings account offers Zero forex markup debit cards. You will save 3-5% on forex transactions.
Up to Rs. 5 Lacs lying in a bank is insured (kept safe) by DICGC, a subsidiary of RBI in India.
Hello sir, which is best saving account to get zero forex charge on (Debit/Credit Card) . As I want to pay in gbp .
Any guidance on which bank is good for opening a joint account (couple) for long term savings?
Recently we opened a joint account with Indus. The customer service is average but the saving account features are good.
we have opened an account where we need to maintain 2L balance. It’s good to get a good interest rate and zero forex charges on debit card.
if you were given one choice only, what would you choose- hdfc or icici?
I will go for HDFC for better customer service.
Hi Pradeep, a wonderful blog, as usual !
I have observed that currently, many banks like DBS, Stanchart, etc. do not have any information about Basic savings account or PMJDY account. They have removed that tab from their website. So, how and where do i complain about it ?
Kindly guide.
thank you.
Here is the link containing Basic Saving Account & PMJDY details for DBS bank – https://www.dbs.com/in/treasures/personal-banking.page
And the link for the Basic Banking Account of Standard Chartered Bank – https://www.sc.com/in/deposits/basic-banking-account/
Hello Pradeep, thank you for such an informative blog.
In my opinion and experience there are many scheduled cooperative banks having attractive savings account facilities. I have one and my bank has no cap on atm transactions, do not charge for cash deposits, withdrawls or any facilities which you avail by visiting the branch.
This facility is very useful for senior citizens or anyone like me, who is an engineer, but , does not want to use technology.
Most private and psu banks charge you for all such services which you do whilst visiting a branch. They charge you, so you are compleeled to use technology and then do not take any responsibility.
Also, most private banks sell your data. Because how come an outsider know that i have an account with a particular bank, and how does he get my contact details ?
Either they sell the data or their systems are fragile, both ways are dangerous.
Thank you.
Axis bank service is not good for closing accounts. They charge a lot and also after giving them a closure form they won’t close the account and now I’m getting a lot of fine in my account. worst experience with axis. For reference they charge a lot for brokering in de-mat accounts.
I recently opened account online in IDFC First bank that also gives good interest rate and free credit card
What do you think?
My opinion on IDFC account or IDFC credit card?
Great article
Great Article
Thank you so much for this post!
It saved me a lot of head ache and is super helpful.
After this article I choose IndusInd bank. After I complete sign up in their website for registration process. They completed online KYC by video call. But I am not able to login IndusInd mobile app.
After multiple conversations with customer care today 3/dec/2020 I went to branch. First they don’t understand what is the issue and they ask me to complete KYC. After I explained about KYC by video call. They ask me to wait for two days.
Nice Blog. Please try to make one on Wealth Management accounts in INDIA.
I have my account on sbi and Paytm payments bank but I really satisfied with Paytm payments bank because the server of this bank is much better and faster then sbi because today I’m going to purchase grocery from my svi account but it’s doesn’t respond and transaction get failed again and again and when I purchased the same product from the same website using Paytm payments bank then I get a better result because it paid my money without any inconvenience
Yes, PSU banks still need to work on making their platforms better
Thanks for article
” zero balance accounts are basic savings bank deposit accounts. The main purpose of which is to connect the unbanked section of society and provide minimum banking services.”
Is it impossible to create a basic saving bank account in these private banks if one has SB account in other banks ?
No. There is no such restriction.
best article I have so many times reading and thank you so much Pardeep Goyal Sir
Hey Pardeep,
it’s such as good and the ultimate resource for the best savings account for Indians. The best part that I like that you mentioned the honest reviews and discussed both the good and the bad things and lastly I wasn’t expecting that you would mention for whom these accounts are best for.
Actually I was researching on creating an account on Airtel payments and I stumbled on your site. Keep it up.
Thank you for the feedback
You can also add Karur Vysya Bank savings account for its user friendly mobile banking and net banking facilities…
Hi Pradeep,
First of all, great content. I would like to know that the interest mentioned here are annually, monthly or quarterly?
Thanks in advance.
The interest rate mentioned is annual
what is the best bank to open savings account with high interest sir ?
hope you response!!!!!!
I have given a table of comparison at the end of the article. You can go with any of these banks as per your preference.
Very good and useful
Thanks..
The benefit side is discussed.
What is comparison on Cost side including Charges.
Most banks do not charge anything for just opening and maintaining an account. There may be penal charges for not maintaining account balance or other things, which differs from bank to bank.
Good post, thanks!
Great post Pardeep. However, I would like to know how safe is each bank in keeping a savings account or an FD with them? As you know what happened with PMC bank, I guess that should be a factor as well.
Thanks bhavuk for your suggestions…
Pradeep Jee Can I have your Email address Please.
So that I can talk to you in details.
Regards:
Anil Niroula
Kathmandu, Nepal
You can email me at hello@cashoverflow.in
I am looking for a savings account for getting max interest. I cannot opt for FD for higher interest is due to the loss from TDS. IDFC is looking great for my requirement. How good/safe is this bank? Can I expect hassle-free service?
you miss canara bank…Savings Account.
Thanks for pointing out marella.. Can you suggest the benefits of canara bank’s savings account that can make him part of list?
haha you nailed it
Wat a great help. Thank you so much .
details about IOB – Indian Overseas Bank and Federal Bank are missing
Thanks Sarath.. I will add both in my research list & update once I go through the details.
Nice information about all bank details, good job.
Thank you Ramakrishna.. Glad that you liked it.
Very helpful and more information in this blog.
Thank you
Thank you Pradeep. Glad that you liked my article.
Sirji,
SBI interest rate upto 1lac is 3.25%, and above 1lac is 3%.
Thanks for pointing out Digvijay. Updated the content.
Thanks for taking the time. This was helpful.
Axis bank never picked up calls and branch was not keen when you approach them for a savings account, so much for customer service am staying away from those guys.
Thanks for acknowledging !!!!
Sir i am confuse between axis vs icici which one is best for saving account…
Hey Nishu, What are your points of confusion?
Go for icici for xustomer service,ease of banking and money assurance
Very niece blog compared and listed clearly.
Kindy bring a same kind of blog on FD in different bank and amount and their interest rate.
Thanks Manisha.. Glad that you liked it. I will try to cover FD comparison in the near future.
very nyc blog. Thank you for sharing this informative article
Thanks Pradeep.. Glad that you liked it..
it is very informative and useful for maintaining bank accounts in india
Thanks zaffar..
Glad that you liked it.
Please compare cost of maintaining account also such as annual debit card charges, penalty for not maintaining aqb etc.
PSU Banks don’t have concept of aqb. Your aqb may 10x but if you didn’t have required minimum balance even for a day, you will be penalized
Thanks for feedback. I will check and update.
Sir ive an paypal account and its doesn’t support Indian debit card like rub pay debit card.
so i want to open account in Hdfc bank so suggest me which visa debit card i should go,and how it will be annually cost and maintenance cost of my hdfc savings bank .
thanks advance.
Bimal, hdfc bank will provide platinum (Visa/Master) debit card..
Sir I’m a student, i need a saving account with less minimum balance, and good services for international money transfers for fees and forex card with good interest from the bank, Please suggest me a bank.