Latest interest rates offered by Indian banks on your savings accounts

Savings accounts have traditionally been the preferred investment option for new investors. The ideal candidates for a savings account are people who have regular income from salary or other sources. There are many advantages of this type of account which can help anyone start their savings journey and build a portfolio of investments over time. in most banks India Offer a choice of a variety of savings accounts designed to meet the needs of a wide range of customers.

Many banks in India offer their customers the option of opening a savings account. Following is a list of some of the largest banks that have completed this:

Kotak Mahindra Bank offers savings accounts for various customers based on their residential status. Both domestic and non-resident holders of savings accounts are subject to interest rates ranging from 3.50% per annum to 4.00% per annum.

State Bank of India offers different types of savings accounts aimed at different customer strata, including Basic Savings Accounts, Savings Plus Accounts, Youth Savings Bank Accounts and more. The interest rate for SBI savings accounts is 2.70% per annum

Citibank Savings Accounts: As one of the most well-known foreign banks operating in India, Citibank offers various types of savings accounts to its customers, which include Citibank Savings Account, Citibank Suvidha Salary Account, Citibank Savings Account for Expatriates and others Huh. The bank offers an interest rate of 2.50% per annum on these savings accounts, which is collected on daily balance and credited twice a year.

Axis Bank Savings Account Interest Rate: As one of the top financial institutions in India, Axis Bank offers a variety of savings accounts to suit the different demands of the customers. On all its savings accounts, Axis Bank offers interest rates starting from 3.00% per annum to 3.50% per annum.

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