Experts say that one should opt for a bank that has a good long-term track record, good service standards, and a wide network of branches. There should be ATM services in the cities.
In times of uncertainty, a part of your surplus income must be kept in the form of an emergency fund. So that you never run short of money in bad times. By the way, the interest earned on deposits in banks is very less.
Even after that, there are many banks that are giving you a good return on your Savings Account. In fact, Small Finance Banks are offering higher interest rates on savings accounts than major private and public sector banks to attract new retail customers.
Experts say that one should opt for a bank that has a good long-term track record, good service standards, and a wide network of branches. There should be ATM services in the cities.
After all this, if you are paying more interest on the savings account, then there will be a bonus for you. Today we are going to tell you about five such banks, which are giving 7 percent annual return on 7 savings accounts.
AU Small Finance Bank AU Small Finance Bank is
offering the highest rate of interest on savings accounts as compared to other banks. According to the information received from the bank, AU is offering an interest rate of up to 7 percent on savings accounts. But there is also a condition in this. Here you have to keep 2000 rupees to 5000 rupees in your account as an average amount every month.
Like Ujjivan Small Finance Bank
AU, Ujjivan Small Finance Bank is also offering the highest return on savings account. According to the bank website, Ujjivan Bank is also giving an annual return of up to 7 percent on the savings account. Here also the condition of maintaining minimum balance has been laid. That is, here you have to keep 5 thousand rupees in your account on an average every month.
Equitas Small Finance Bank
Equitas Small Finance Bank is the third bank that jointly ranks first in terms of highest earning on savings account. According to the bank website, the investor is getting an annual return of 7 percent on this bank’s savings account. The average monthly balance requirement in this account is Rs 2,500 to Rs 10,000.
DCB Bank After the
above three banks, DCB Bank is paying a little interest on its savings account, but not so much that it should not be considered. According to the website of the DCB bank, the interest rate on the savings account is up to 6.5 percent. Among the private banks, this bank offers the best interest rates. The minimum balance requirement is Rs 2,500 to Rs 5,000.
Suryoday Small Finance
Bank is offering the interest slightly less than DCB Suryoday Small Finance Bank. According to the Suryoday Small Finance Bank website, returns of up to 6.25 percent are being given on the savings account. The biggest condition of this bank is that the average monthly balance requirement here is Rs 2,000.
