If you are also thinking of earning money in a safe way, then you can earn money on Savings Accounts. By the way, usually the interest rate on bank savings account is low. But among government banks, IDBI Bank and PNB are paying the highest interest on savings accounts.
New Delhi. If you are also thinking of earning money in a safe way, then you can earn money on Savings Accounts. By the way, usually the interest rate on bank savings account is low. Therefore, while opening a savings account, customers must keep in mind which banks are paying how much interest on the savings account. Today we are telling you which government banks are giving the highest interest on savings accounts.
These are the top 10 government banks paying the highest interest on savings account
Punjab National Bank is currently paying the highest interest on the savings account. The interest rate of PNB is 3% to 3.50%, in which the minimum balance limit is Rs 500 to Rs 2000.
1. PNB – 3% to 3.50% per annum, the minimum balance limit in this is Rs 500 to Rs 2000.
2. IDBI Bank – 3 to 3.40% per annum, the minimum balance requirement is Rs 500 to Rs 2000.
3. Canara Bank – 2.90% to 3.20% per annum, the minimum balance limit is Rs 500 to Rs 1000.
4. Bank of Baroda – 2.75% to 3.20% p.a. The minimum balance requirement is Rs.500 to Rs.2000.
5. Punjab and Sind Bank 3.10% p.a. The minimum balance limit is Rs.500 to Rs.1000.
6. Indian Overseas Bank 3.05%, the minimum balance limit is Rs.500 to Rs.1000.
7. Union Bank 3% p.a. The minimum balance limit is Rs.250 to Rs.2000.
8. Central Bank of India – 2.75% to 2.90% p.a. The minimum balance limit is Rs.500 to Rs.2000.
9. Bank of India – 2.90% per annum, the minimum balance requirement is Rs.500 to Rs.1000.
10. Indian Bank 2.90% p.a. The minimum balance limit is Rs.500 to Rs.2500.
These banks are giving more interest than other banks’ FDs
Let us tell you that many banks are paying their account holders more interest than the interest rate offered by other banks on fixed deposits (FD) on savings accounts. These banks include IDFC First Bank, Bandhan Bank, Equitas Small Finance Bank and Utkarsh Small Finance Bank. IDFC is giving 6% interest on the amount less than Rs 1 lakh in the First Bank savings account.
