Earn higher interest rates upto 7% now with Small finance bank who offer higher interest rates on savings accounts compared to leading private banks
Everyone should keep a part of your income in savings accounts for liquidity and emergencies during uncertain time. Amid falling interest rates, small finance banks offer higher interest rates. Here are the small finance banks and private banks offering the best interest rates on savings accounts.
Small finance banks are offering higher interest rates on savings accounts compared to leading private and public sector banks to acquire new retail customers. You should choose a bank with a long-term track record, good service standards, wide branch network and ATM services across cities; a higher interest on savings accounts would be a bonus.
AU Small Finance Bank
AU Small Finance Bank is offering interest rates of up to 7 percent on savings accounts. The average monthly balance requirement is Rs 2,000 to Rs 5,000.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is offering interest rates up to 7 percent on savings accounts.
Equitas Small Finance Bank
Equitas Small Finance Bank is offering interest rates up to 7 percent on savings accounts. The average monthly balance requirement is Rs 2,500 to Rs 10,000.
DCB Bank
DCB Bank offers interest rates of up to 6.5 percent on savings accounts. Among 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
Suryoday Small Finance Bank is offering interest rates up to 6.25 percent on savings accounts. The average monthly balance requirement is Rs 2,000.
There are many more small finance companies listed on stock exchanges but above are some of the best and trusted brands and offer large network in India. They have presence in major cities and you can access their services anywhere in India easily.
