Top 7 Bank for Savings Account in India for 2023-24

All banks provide savings account facilities to their holders. In which their holders deposit their money safely in the bank. In India, you will find different banks which provide different facilities to their customers. All banks give some interest on the deposits of their holders which is given differently by all the banks.

If you also want to open your savings account in any bank and based on your financial needs, please compare this basis before opening your savings account.

Top 7 Bank for Savings Account in India

In this article, you have been provided with a list of 7 best banks for savings accounts in India and information about them. This article covers all the details you need to know. Before opening your savings account in any branch, definitely get information about it.

1. IndusInd Bank

An IndusInd Bank Saving Account is a straightforward and practical way to store your money securely. It allows you to manage your finances, deposit and withdraw funds and comes with a debit card for everyday transactions. It’s a user-friendly option for individuals looking to keep their money safe and easily accessible.

Minimum Interest Rate: 4.25%
Minimum Balance Required: 5,000₹

2. Kotak Mahindra Bank

A Kotak Mahindra Bank Savings Account is a basic banking account offered by Kotak Mahindra Bank. It allows you to securely deposit your money and provides easy access to your funds through various banking services such as ATM withdrawals, online banking, and more. It’s a simple and convenient way to manage your day-to-day finances and save for your future.

Minimum Interest Rate: 3.50%
Minimum Balance Required: Zero

3. HDFC Bank

HDFC Bank Savings Account is a basic bank account that allows you to keep your money safe and easily accessible. It’s an excellent option for everyday banking needs, such as depositing your earnings, withdrawing cash, and paying bills. You can open an HDFC Savings Account with ease, and it offers features like a debit card and online banking to manage your funds conveniently.

Minimum Interest Rate: 3.00%
Minimum Balance Required: 5,000₹

4. ICICI Bank

An ICICI Bank Savings Account is a basic bank account that allows you to securely store your money. It provides easy access to your funds for daily expenses and offers the convenience of services like online banking and ATMs. This account is a simple and practical way to manage your finances and save money with one of India’s leading banks.

Minimum Interest Rate: 3.00%
Minimum Balance Required: 1,000₹

5. Axis Bank

An Axis Bank Savings Account is a basic banking option for storing your money and managing your daily finances. With this account, you can easily deposit and withdraw money, pay bills, and even earn some interest on your balance. It’s a straightforward and practical way to keep your funds safe and accessible whenever you need them.

Minimum Interest Rate: 3.00%
Minimum Balance Required: 2500₹

6. Bank of Baroda

Bank of Baroda Savings Account is a basic bank account that helps you save and manage your money. It allows you to deposit your income, earn a small interest, and withdraw funds when needed. It’s a safe and straightforward way to keep your money with one of India’s trusted banks, offering easy access to your funds for daily expenses and future needs.

Minimum Interest Rate: 2.75%
Minimum Balance Required: 500₹

7. State Bank of India

A State Bank of India Savings Account is a basic banking account that lets you securely store your money while also providing easy access to it. You can deposit and withdraw funds, make payments, and even earn a small amount of interest on the balance in your account. It’s a reliable choice for everyday financial needs and is widely available, making it accessible for most people.

Minimum Interest Rate: 2.70%
Minimum Balance Required: Zero

Note: The information given in this article has been obtained from different mediums. You have been given information about the famous banks of India and their savings accounts. Through this, you can open your savings account in a reputable bank. This article is for education only and for more information contact Bank.

Conclusion

As you got information related to all the banks and their savings accounts in this article. Due to this, you can open your savings account in a good bank. In this article, the focus has also been on the interest rates and minimum balance requirements of all those banks. If you find any error in this article, you can contact us, we will update it as soon as possible.