Best Savings Account Interest Rates for 2025 in India

In this category, most banks offer relatively lower interest rates to customers. However, we have segregated the best savings accounts that offer highest interest rate for deposits up to Rs. 1 Lakh below:

Bank	Interest Rate (p.a.)*
North East Small Finance Bank Ltd.	5.50%
Utkarsh Small Finance Bank Ltd.	3.50%
Capital Small Finance Bank Ltd.	3.25%
Ujjivan Small Finance Bank Ltd.	3.00%
ESAF Small Finance Bank Ltd.	3.00%
RBL Bank Ltd.	3.00%
Yes Bank Ltd.	3.00%
SBM Bank (India) Ltd.	2.75%
Equitas Small Finance Bank Ltd.	2.75%
Axis Bank Ltd.	2.75%
Shivalik Small Finance Bank Ltd.	2.50%
Suryoday Small Finance Bank Ltd.	2.50%
SBI	2.50%
HDFC Bank	2.50%
ICICI Bank	2.50%

*Interests rates are updated as of 26 June 2025.

 

Best Savings Account Interest Rate for Deposits up to
Rs. 1 Lakh to Rs. 5 Lakh	Rs. 5 Lakh to Rs. 10 Lakh
Rs. 10 Lakh to Rs. 1 Crore	Above Rs. 1 Crore

Many banks offer relatively higher interest rates on deposits from Rs. 1 Lakh and above up to Rs. 5 Lakh on the incremental balance. It is worth noting that the amount up to Rs. 5 Lakh in any bank is insured by DICGC and in case of any eventuality of default by the bank, accountholders will get their money back. Here is the list of best savings account with the highest interest rates on deposits ranging between Rs. 1 Lakh to Rs. 5 Lakh:

Bank	Interest Rate (p.a.)*
ESAF Small Finance Bank Ltd.	5.50% (Rs. 2 lakh – Rs. 5 lakh)
Utkarsh Small Finance Bank Ltd.	5.25%
Equitas Small Finance Bank Ltd.	5.00%
Suryoday Small Finance Bank Ltd.	4.00%
Jana Small Finance Bank Ltd.	4.00%
Ujjivan Small Finance Bank Ltd.	4.00%
DBS Bank Ltd.	3.25% (Rs. 2 lakh – Rs. 5 lakh)
Bandhan Bank Ltd.	3.00%
RBL Bank Ltd.	3.00% Up to Rs. 5 lakh
SBM Bank (India) Ltd.	2.75%

*Interests rates are updated on 26 June 2025.

This band is the highest interest earning band for accountholders of most banks. Thus, banks offer the highest interest rates on the incremental amount in the savings account. Below-mentioned is the list of top savings accounts for deposits ranging from Rs. 5 Lakh to Rs. 10 Lakh:

Bank	Interest Rate (p.a.)*
Suryoday Small Finance Bank Ltd.	7.25%
Utkarsh Small Finance Bank Ltd.	6.50%
ESAF Small Finance Bank Ltd.	6.00%
Jana Small Finance Bank Ltd.	6.00%
Ujjivan Small Finance Bank Ltd.	6.00%
DBS Bank Ltd.	5.50%
Equitas Small Finance Bank Ltd.	5.00%
Bandhan Bank Ltd.	5.00%
SBM Bank Ltd.	5.00%

*Interest rates are updated on 26 June 2025.

Those who wish to maintain balance from Rs. 10 Lakh to Rs. 1 Crore in their savings account can choose from the below-mentioned list of top banks with highest interest rates in this range:

Bank	Interest Rate (p.a.)*
Suryoday Small Finance Bank Ltd.	7.50% (Above Rs. 10 lakh up to and including Rs. 2 crore)
Jana Small Finance Bank Ltd.	7.50% (More than Rs. 50 lakh and up to Rs. 10 crore)
Utkarsh Small Finance Bank Ltd.	7.25% (Above Rs. 10 lakh and up to Rs. 50 Lakh) 7.50 (Above Rs. 50 lakh and up to Rs. 1 crore)
SBM Bank (India) Ltd.	7.25% (More than Rs. 50 lakh to Rs. 3 Crore)
Ujjivan Small Finance Bank Ltd.	7.00% (Above Rs. 10 lakh and up to Rs. 50 Lakh)
RBL Bank Ltd.	6.75% (Rs. 25 lakh and up to Rs. 3 crore)
ESAF Small Finance Bank Ltd.	6.50% – (Above Rs.15 lakh and Up to Rs. 1 Crore)
DCB Bank Ltd.	6.00% (On balances from Rs. 10 lakh to less than Rs. 1 Crore)
Bandhan Bank Ltd.	6.00% (On daily balance above Rs. 10 lakh to Rs. 1 crore)

*Interest rates are updated on 26 June 2025.

 

Account holders who intend to maintain huge balance in their savings account, i.e. above Rs. 1 Crore, should choose from these best savings account offering highest interest rates in this range:

Bank	Interest Rate (p.a.)*
ESAF Small Finance Bank Ltd.	8.00% (Above Rs. 50 crore) 7.50% (Above Rs. 1 crore and up to Rs. 15 crore)
Suryoday Small Finance Bank Ltd.	7.50% (Above Rs. 10 lakh up to & including Rs 5 Crore)
Utkarsh Small Finance Bank Ltd.	7.50%
Jana Small Finance Bank Ltd.	7.50% (More than Rs. 50 lakh and up to Rs. 10 Crore)
Equitas Bank Ltd.	7.25 (On balances from Rs. 1 Crore to less than Rs. 25 Crore)
SBM Bank (India) Ltd.	7.25% (Balance more than Rs. 50 lakh to Rs. 3 Crore)
DCB Bank Ltd.	7.00% (On balances from Rs. 1 crore to less than Rs. 3 Crore)
IDFC Bank Ltd.	7.00% (More than Rs. 5 lakh and up to Rs. 10 Crore)
Ujjivan Small Finance Bank Ltd.	7.00% (Up to Rs. 50 lakh)
RBL Bank Ltd.	6.75% (Above Rs. 25 lakh and up to Rs. 3 Crore)
Bandhan Bank Ltd.	6.00% (Daily Balance above Rs. 1 crore to Rs. 5 Crore)

*Interest rates are updated on 26 June 2025.

 

Various banks provide different interest rate on the amount deposited in the bank. This is done to promote people to maintain specific amount in the savings account to reap maximum benefits. Let us understand how interest rate is calculated on different deposited amount in the savings account. Below mentioned is the break-up of digibank by DBS Bank India Limited deposited for savings accounts.

Deposit Break-up	Interest Rate (p.a.)
Balance up to Rs. 1 Lakh	3.25%
Balances over and above Rs. 1 Lakh and up to Rs. 4 Lakh	3.50%
Balances over and above Rs. 4 Lakh and up to Rs. 5 Lakh	7.00%
Balances over and above Rs. 5 Lakh and up to Rs. 10 Lakh	5.00%
Balances over and above Rs. 10 Lakh and up to Rs. 50 Lakh	4.00%
Balances over and above Rs. 50 Lakh and up to Rs. 1 Crore	5.00%
Balances over and above Rs. 1 Crore	3.00%

Assume your daily account balance is Rs. 1 Lakh. The bank offers an interest rate of 3.25% for balances up to Rs. 1 Lakh. Then, let us assume, that you maintain balance of Rs. 3,00,000 in your savings account throughout the year. You will earn different interests for different amounts at varying interest rates. Let us assess how the interest rate will differ on different outstanding balance.

Deposit Amount	Interest Rate	Interest (in Rs.)	Total (in Rs.)
Rs. 1 Lakh	3.25%	3,250	1,03,250
Rs. 1 Lakh	3.50%	3,500	1,03,500
Rs. 1 Lakh	3.50%	3,500	1,03,500
Total Deposit = Rs. 3 Lakh		10,250	3,10,250

For the first Rs. 1 Lakh, you will earn an interest rate of 3.25% on Rs. 1,00,000. Thus, the interest calculated will be:

(1,00,000 x 3.25/100) = Interest earned on amount of Rs. 1,00,000 would be Rs. 3,250.

For the next Rs. 1 Lakh, the bank will provide an interest rate of 3.50 on the amount. Thus, the interest calculated will be:

(1,00,000 x 3.50/100) = Interest earned on amount of Rs. 1,00,000 would be Rs. 3,500.

For the remaining Rs. 1 Lakh, you will again get interest at a rate of 3.50%. Thus, the interest calculated will be:

(1,00,000 x 3.50/100) = Interest earned on amount of Rs. 1,00,000 would be Rs. 3,500.

Thus, the total interest that you will earn by the end of the year is Rs. 10,250.  The total amount that you will have by the end of the year will be Rs. 3,10,250.

When applying for a savings account, an individual always wants to know the return on investment that would be offered to him/her on savings. Fixed deposits and mutual funds have less liquidity where the funds are blocked for some period and we are unable to access those funds immediately. However, this is not the case with keeping money in a savings account as you can withdraw funds immediately. There are some savings accounts that offer high interest rates on your savings as well. Here is a list of some of the savings accounts that offer relatively higher interest rates.

Savings Account	Interest Rate (p.a.)
ESAF Small Finance Bank Limited	3.50% (Up to and including Rs. 1 lakh)
	6% (Above Rs.1 lakh up to and including Rs.5 lakh (i.e. for incremental amount above Rs.1 lakh))
Jana Small Finance Bank	3.50% (Up to Rs. 1 lakh)
	5.00% (More than Rs. 1 lakh and up to Rs. 5 lakh)
Suryoday Small Finance Bank	3.00% (Up to and including Rs. 1 lakh)
	5.00% (Above Rs. 1 lakh up to and including Rs. 5 lakh)
Utkarsh Small Finance Bank	2.50% (Balance up to Rs. 1 lakh)
	5.00% (Incremental balance above Rs. 1 lakh)

Banks offer varying interest rates for different deposit amount. Most banks offer low interest rate for deposits up to Rs. 1 Lakh whereas a relatively higher interest rate is offered on the amount above Rs. 1 Lakh up to a specified limit.

Let us understand the interest that would be received through the below-mentioned calculation:

Name of the Bank	Total Interest Received on Amount of Rs. 1,00,000	Total Interest Received on Amount of Rs. 3,00,000	Total Interest Received Per Year
ESAF Small Finance Bank Limited	Rs. 3,500	Rs. 12,000	Rs. 15,500
Jana Small Finance Bank	Rs. 3,500	Rs. 10,000	Rs. 13,500
Suryoday Small Finance Bank	Rs. 3,000	Rs. 10,000	Rs. 13,000
Utkarsh Small Finance Bank	Rs. 2,500	Rs. 10,000	Rs. 12,500

For instance – If a person maintains a balance of Rs. 1,00,000 in a ESAF Small Finance Bank savings account, he/she will get a total return of Rs. 3,500 per year. However, if the customer maintains a balance of Rs. 3,00,000, the return would be Rs. 15,500. The breakdown of the amount is mentioned below:

Interest on first Rs. 1 lakh = Rs. 1,00,000 x 3.50/100 = Rs. 3,500 Interest on the next Rs. 2 lakh = Rs. 2,00,000 x 6.00/100 = Rs. 12,000 Total Interest on Rs. 3 lakh = Rs. 3,500 + Rs. 12,000 = Rs. 15,500

Hence, the customer will receive a total interest of Rs. 15,500 per year on maintaining a balance of Rs. 3,00,000 in the savings account.

The above-mentioned banks are a few of the banks that offer individuals with higher rates on funds up to Rs. 5,00,000. It is to be noted that if you maintain this balance in your savings account, it would give you access to avail your funds in the hour of need immediately and you can also avail high rate of interest on your savings account balance.

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Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.