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BusinessInterest on Saving Account These banks giving highest interest on savings account,...

Interest on Saving Account These banks giving highest interest on savings account, check rate

After increasing the repo rate of RBI, some banks have started increasing the interest in FD and savings account account. Here we are telling you which bank is giving how much interest on the savings account.

Interest on Saving Account: Reserve Bank of India (RBI) has increased the repo rate from 4.4 percent to 4.90 percent. RBI has increased by 0.50 percent. After increasing the repo rate of RBI, some banks have started increasing the interest in FD and savings account account.

However, customers will have to wait some more for the increase in the savings account. Here we are telling you which bank is giving how much interest on the savings account.

These public sector banks are giving the highest interest

Union Bank of India

Public Sector Bank Union Bank of India is giving interest at the rate of 3.55 percent on the savings account. With effect from June 1, 2022, the bank is giving an interest of 2.75 percent on savings accounts up to Rs 50 lakh. 2.90 per cent on savings account above Rs 50 lakh and Rs 3.10 on account up to Rs 100 crore. The savings bank is offering an interest of 3.40 per cent on deposits from Rs 100 crore to more than Rs 500 crore.

Canara Bank

Canara Bank is giving interest at the rate of 2.90% on the savings account. Paying interest at the rate of 3.05% on balance less than 50 lakhs but up to Rs 100 crores.

Bank Of Baroda

Bank of Baroda is giving 2.75 percent interest on savings account. Interest is getting 2.85 percent on one lakh 100 crore rupees.

Punjab And Sind Bank

Punjab and Sind Bank is giving 3% annual interest on savings account. This rate is available on savings account up to Rs 10 crore. Interest is being given at the rate of 3.20 percent on more than Rs 10 crore.


Read Also | Sovereign Gold Bond Opportunity to buy gold cheaply from June 20, 2022 get extra discount


These banks are giving so much interest

Number Name of bank annual interest rate

1 State Bank Of India (SBI) 2.7
2 HDFC Bank 3.0 – 3.5
3 Kotak Mahindra Bank 3.5 – 4.0
4 ICICI Bank 3.0 – 3.5
5 Axis Bank 3.0 – 3.75
6 Yes Bank 5.0 – 6.25
7 DCB Bank 5.65
8 IndusInd Bank 4.0 – 6.0
9 Citi Bank 2.5 – 4.0
10 RBL Bank 4.75 – 6.0

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