Which bank is best for savings account in India?

Which bank is best for savings account?

Top Banks that have the Best Savings Account for Individuals

  • State Bank of India (SBI) Savings Account.
  • HDFC Bank Savings Account.
  • Kotak Mahindra Bank Savings Account.
  • DBS Bank Savings Account.
  • RBL Bank Savings Account.
  • IndusInd Bank Savings Account.

Which bank gives maximum interest on saving account in India?

Savings Bank Account Interest Rates of Banks

Name of Bank Rates of Interest (p.a.)
State Bank of India (SBI) Savings Account 2.70% p.a.
ICICI Bank Savings Account 3.00% p.a. to 3.50% p.a.
Yes Bank Savings Account 4.00% p.a. to 5.25% p.a.
Citibank Savings Account 2.50% p.a.

Which is the No 1 bank in India?

1. HDFC Bank

Type Private Company
Products Banking
Asset ₹1,189,432 crore (US$170 billion) (2019)
Number of Branches 5,314 (30th September 2019)
Number of ATMs 13,514 (Across India)

How do I choose a bank account to open?

8 steps to choose a new bank

  1. Identify your ideal type of account. …
  2. Look for banks that charge low or no fees. …
  3. Consider the convenience of a bank branch. …
  4. Take a look at credit unions. …
  5. Find a bank that fits your lifestyle. …
  6. Examine digital features. …
  7. Understand the terms and conditions. …
  8. Read reviews for banks you’re considering.
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Which bank is highest interest?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest rate
ICICI Bank 7 days to 10 years 4% to 7.25%
Punjab National Bank 7 days to 10 years 5.70% to 6.85%
HDFC Bank 7 days to 10 years 3.5% to 7.40%
Axis Bank 7 days to 10 years 3.5% to 7.25%

Where can I get maximum interest on my money?

Top 10 investment options

  • Direct equity. …
  • Equity mutual funds. …
  • Debt mutual funds. …
  • National Pension System. …
  • Public Provident Fund (PPF) …
  • Bank fixed deposit (FD) …
  • Senior Citizens’ Saving Scheme (SCSS) …
  • Pradhan Mantri Vaya Vandana Yojana (PMVVY)

What is the interest of 1 lakh in SBI?

SBI Fixed Deposit Interest Calculator

Tenure Rates Maturity Amount for ₹ 1 Lakh
211 days to 364 days 4.40% to 4.90% ₹ 1,02,562 – ₹ 1,04,977
2 years to 2 years 364 days 5.10% to 5.60% ₹ 1,10,667 – ₹ 1,18,137
3 years to 4 years 364 days 5.30% to 5.80% ₹ 1,17,111 – ₹ 1,33,344
5 years to 10 years 5.40% to 6.20% ₹ 1,30,760 – ₹ 1,85,011

Which is safest bank in India?

Ranking

Bank Name Score
Federal Bank Ltd 4.00
HDFC Bank Ltd 4.00
ICICI Bank Ltd 4.00
IndusInd Bank Ltd 4.00

Which govt bank is best?

Best Public Sector (PSU) Banks in India 2021

List of PSU Banks Number of Branches
State Bank of India (SBI) 24000
Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India) 11437
Bank of Baroda (With Merger of Dena Bank & Vijaya Bank) 8581
Canara Bank (With Merger of Syndicate Bank) 10391
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How do I choose a bank account to open in India?

How To Choose The Best Savings Bank Account In India?

  1. 1) Location. It is better to choose a bank which is near to your location as charges on transactions done in the home branch are less.
  2. 2) ATM. …
  3. 3) Average Balance Requirement. …
  4. 4) Online Banking. …
  5. 5) Apps. …
  6. 6) Interest Rates. …
  7. 7) Branch Availability. …
  8. 8) Services and Fees.

How many bank accounts should I have?

Budgeting expert Ellyce Fulmore, who runs a life and money coaching website, says the ideal number of bank accounts you should have is four. This is made up of a bill paying account, daily spending account, short-term savings account and a long-term investment account.