Savings Account Interest Rate: Many banks are offering interest up to 8 percent on savings accounts. This includes the names of DCB, IDFC First Bank, AU Small Finance Bank, Fincare Small Finance Bank and ESAF Small Finance Bank.
To attract customers, many banks offer additional interest on savings accounts compared to the normal interest rate, so that more and more new customers can join them and old customers can deposit more funds in the bank. Today in this article we bring a list of those banks which are giving interest up to 8 percent on savings accounts.
DCB Bank Saving Account: DCB Bank is offering interest of up to 8 percent on balance ranging from Rs 10 lakh to Rs 2 crore. DCB Bank is offering 7.75 percent interest on balance between Rs 10 crore and less than Rs 200 crore.
IDFC First Bank: IDFC First Bank is offering interest of up to 7 percent on balance between Rs 5 lakh and less than Rs 25 crore. Interest ranging from 3 percent to 7 percent is being offered by the bank. This new interest rate is applicable from October 1, 2023.
Sarvodaya Small Finance Bank: Sarvodaya Small Finance Bank is offering a maximum interest of up to 7.50 percent on balance more than Rs 10 lakh and less than Rs 5 crore. This interest rate is applicable from November 13, 2023.
ESAF Small Finance Bank: ESAF Small Finance Bank is offering 7.50 percent interest on savings account on balance above Rs 5 lakh. The interest rate on bank savings account ranges from 3.5 percent to 7.50 percent. This interest rate is applicable from November 20, 2023.
AU Small Finance Bank: AU Small Finance Bank is offering interest rates ranging from 3.5 percent to 7.25 percent. The highest interest rate of 7.25 percent is being given by the bank on balance of less than Rs 1 crore to Rs 5 crore. These interest rates are applicable from September 11, 2023.
Fincare Small Finance Bank: Fincare Small Finance Bank is offering interest ranging from 3.5 percent to 7.5 percent on savings accounts. The bank is offering interest up to 7.50 percent on balance ranging from Rs 25 lakh to Rs 10 crore. The new interest rates are applicable from December 1, 2023.
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