Saving Accounts Interest Rate: Which bank is giving the highest interest on saving account, check the new interest rates..

Interest on savings accounts: Nowadays, almost every person has a savings account in some bank or another. The customer gets many benefits from this savings account. Talking about the biggest benefit, one is that the customer's money is safe in it, and secondly, interest is also earned on it.

Every bank has different interest rates. Recently, these interest rates (savings account Interest Rates) have been revised. In such a situation, it is even more important for you to know the new interest rates on the amount deposited in savings accounts.

That's why interest rates were revised -

RBI has recently cut the repo rate by 25 basis points. Since then, many banks have been continuously revising the interest rates (Interest Rates on savings accounts) on the money deposited in fixed deposits (FD) and savings accounts.

These include many government and private banks. Now, most of the banks have revised these interest rates. Now, private banks have won the race to give the highest interest rates on savings accounts. Those banks include the banks mentioned below.

Interest rate on savings account in ICICI Bank-

ICICI Bank is the second-largest private sector bank in the country. This bank has revised the interest rates on savings account deposits (ICICI Interest Rates on savings accounts) and reduced them by 25 basis points. Now, this bank is offering a 2.75 percent interest rate on an annual basis if the balance in the savings account is less than Rs 50 lakh. Earlier, it was 3 percent.

If the amount is Rs 50 lakh or more, then a 3.25 percent interest rate (Interest Rates in ICICI) is given. This amount should be in the account on average every day; only then does the consumer get the benefit of such interest rates.

HDFC Bank Interest Rates-

HDFC Bank gives an average interest rate of 2.75 percent per annum on a daily balance of less than Rs 50 lakh in a savings account (HDFC Interest Rates on savings accounts). An interest rate of 3.25 percent is given every year on a balance of Rs 50 lakh or more. This bank (HDFC Bank news) has also cut interest rates by 25 basis points. That is, interest rates have been reduced by 0.25 percent annually.

Axis Bank is now giving this much interest -

Axis Bank gives an interest rate of 2.75 percent per annum on a daily balance of less than Rs 50 lakh (Axis Bank Interest Rates on savings accounts). This interest rate is 3.25 percent on balances ranging from Rs 50 lakh to Rs 2,000 crore. These interest rates have been implemented since April 15.

Yes Bank Interest Rates on Savings Account-

Yes Bank has changed the interest rates for domestic and non-resident savings accounts. This bank is offering an interest rate of 3 percent per annum on accounts with a daily balance of up to Rs 10 lakh (Yes Bank Interest Rates on savings accounts).

If the amount in the savings account is Rs 10 to 25 lakh, then a 3.50 percent interest rate will be available. 4 percent interest rate is given on the daily balance of Rs 25 to 50 lakh, and 5 percent interest rate is given on daily balance of Rs 50 lakh to 100 crore (bank account news). This bank has also revised these interest rates in April itself.

Kotak Bank Interest Rates-

Kotak Mahindra Bank is offering an interest rate of 3 percent per annum on savings accounts with a daily balance of up to Rs 50 lakh. If the amount in the account remains more than Rs 50 lakh as daily balance, then this interest rate becomes 3.50 percent.

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