Savings Accounts Interest Rates in India, Ratekhoj.com Savings Accounts Interest Rates in India


Institution Interest Rate Savings Account BalanceAdditional Information
YES Bank7.00 %Rate applicable for balances of atleast Rs. 1 lakhsIndian Private Sector Bank.   
Kotak Mahindra Bank6.00 %Rate applicable for balances of atleast Rs. 1 lakhsIndian Private Sector Bank.   
YES Bank6.00 %Rate applicable for balances of atmost Rs. 1 lakhsIndian Private Sector Bank.   
IndusInd Bank6.00 %Rate applicable for balances of atleast Rs. 1 lakhsIndian Private Sector Bank.   
Kotak Mahindra Bank5.50 %Rate applicable for balances of atmost Rs. 1 lakhsIndian Private Sector Bank.   
IndusInd Bank5.50 %Rate applicable for balances of atmost Rs. 1 lakhsIndian Private Sector Bank.   
Ratnakar Bank5.50 %Rate applicable for all amountsIndian Private Sector Bank.   




   

Note: Reserve Bank of India has deregulated interest rates on savings accounts in India in October 2011. Before the deregulation, all banks offered the same interest rate of 4.00% on savings accounts. Banks mentioned above have increased the interest rates on their savings accounts after the deregulation, while banks not mentioned in the above table are still offering an interest rate of 4% per annum on their savings accounts.