Moneycontrol PRO

HomeNewsSavings account interest rates

Savings Account Interest Rates

Jump to

Kotak Bank cuts savings rate by 50 bps to 3% on sub-Rs 5 lakh account balance

Earlier, Kotak Mahindra Bank offered two slabs for savings account interest rates, with 3.5% for balances below Rs 50 lakh and 4% for balances above Rs 50 lakh.
Banks that offer up to 8% interest on savings accounts

Smaller private banks and small finance banks are offering higher interest rates compared to leading private banks
Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.
Savings account deposits: These banks offer up to 7% interest

Small finance banks and some private sector banks offer interest rates of 6.5-7 percent on savings account balances.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347