Interest Rate On Saving AccountTo keep their savings safe, people open a savings account in the bank. It is not mandatory to invest in it like FD or any policy. Account holders can deposit money anytime and withdraw anytime. There are many banks which also give interest on savings account. Although these interest rates are not that high. The interest rate of different banks is also different, in which the change is also very less. But it also fluctuates on the action of RBI. Recently, the Reserve Bank has increased the repo rate. After which some banks have also made changes in the interest rates of savings account.
Even if you do a savings account to keep your deposits safe. But it can also become a source of profit for you. Currently there are many banks which are offering good interest on savings account. The list includes Ujjivan Small Finance Bank, Equitas Small Finance Bank, AU Small Finance Bank, DCB Bank, RBL and CSB Bank. Explain that senior citizens get more interest on savings account than other customers.
Ujjivan Small Finance Bank
This bank gives the highest interest on savings account. Its higher interest rate is 7.5 percent. To avail the benefits, it is mandatory to have an amount of Rs 2,000 to Rs 5,000 in your account.
The interest rate in these banks is 7 percent.
Equitas Small Finance Bank, AU Small Finance Bank and DCB Bank offer up to 7% interest on savings accounts. To take advantage of this, it is mandatory to have a fixed amount in the bank, which is different for different banks.
6.5 percent interest rate in these banks
CBS Bank and RBL Bank offer up to 6.5 per cent interest on savings accounts. If you also want to earn profit from your savings account, then you can open your account in these banks.
Disclaimer: The purpose of this news is only to share information. MP Breaking News does not recommend investing in any plan or scheme. Take expert advice before taking any step.