Read to know how much interest these private banks offer on savings accounts!

Read to know how much interest these private banks offer on savings accounts!

Last Updated: Jun 04, 2016, 09:39 AM IST
Read to know how much interest these private banks offer on savings accounts!

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