Most people who keep money in savings account, most people do not pay attention to the interest they get on that amount, but today we are going to tell you about those banks which are giving higher interest rate on savings account to their customers.
Maximum number of people in India have a savings account in the bank. Most of the people keep their money in the savings account only, no matter how much interest rate the banks give on that amount. To earn profits, people put their money in the stock market or mutual funds.
Let us tell you that the interest rate on savings account is calculated on the basis of daily closing balance. Savings account interest is credited once every month or quarter to the account holder’s account.
The amount of this interest will depend on the amount kept in your savings account. Today we are going to tell you about such banks which are giving higher interest rate on savings account to the customers.
SBI
According to the savings interest rate of State Bank of India ( SBI ) , the country’s largest bank, the bank gives an interest rate of 2.70 per cent to its customers keeping a balance of up to Rs 10 crore in a savings account. At the same time, the bank gives an interest rate of 3 percent on the amount of more than Rs 10 crore.
HDFC Bank
According to the savings interest rate of HDFC, the country ‘s largest private bank, the bank gives an interest rate of 3 percent to its customers keeping a balance of less than Rs 50 lakh in their savings account. At the same time, the bank gives an interest rate of 3.50 per cent on the amount of more than Rs 50 lakh.
ICICI Bank
According to the savings interest rate of ICICI Bank, one of the country’s largest private banks , the bank gives an interest rate of 3 percent to its customers keeping a balance of less than Rs 50 lakh in their savings account at the end of the day. And at the end of the day, the bank gives an interest rate of 3.50 per cent on the amount above Rs 50 lakh.
PNB
According to the savings interest rate of Punjab National Bank (PNB), one of the country’s largest public sector banks, the bank gives an interest rate of 2.70 per cent to its customers keeping a balance of less than Rs 10 lakh in their savings account.
For balances less than Rs 10 lakh to Rs 100 crore, the bank offers 2.75 per cent interest, and for balances above Rs 100 crore and above, the bank offers 3 per cent interest.
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