4 Best Savings Accounts With Higher Interest Rates Up To 7.25%

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IDFC First Bank Savings Account

On balance amount of up to Rs 1 lakh, IDFC First Bank provides an interest rate of up to 6 percent, on balance amount higher than Rs 1 lakh up to Rs 10 crore the interest rate is 7% respectively.

ROI Balance amount
6.00% <=1 lakh
7.00% >1 lakh <=10 crore
4.50% >10 crore<= 50 crore
4.00% > 50 crore <= 100 crore
3.50% >100 crore
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Bandhan Bank Savings Account

Bandhan Bank Savings Account

Bandhan Bank provides returns of 3% on a balance of up to Rs 1 lakh, 6% on a balance of up to Rs 1 lakh to Rs 10 crore, 6.55% on a balance of up to Rs 10 crore to Rs 50 crore, and 7.15% on a balance of up to Rs 50 crore respectively.

ROI Balance amount
6.00% <=1 lakh
7.00% >1 lakh <=10 crore
4.50% >10 crore<= 50 crore
4.00% > 50 crore <= 100 crore
3.50% >100 crore
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Equitas Small Finance Bank Savings Account

Equitas Small Finance Bank Savings Account

A rate of 3.5 percent on balance up to Rs 1 lakh is provided by Equitas Small Finance Bank. With balance over Rs 1 lakh and up to Rs 30 crore, it provides a 7 percent interest rate. It proposes a rate of 7.25 percent for balance above Rs 30 crore and up to Rs 50 crore respectively.

ROI Balance amount
3.50% <=1 lakh
7% >1 lakh <=30 crore
7.25% >30 crore<= 50 crore

Also Read : 5 Best Savings Accounts With Returns Up To 7.15%

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Utkarsh Small Finance Bank Savings Account

Utkarsh Small Finance Bank Savings Account

Utkarsh Small Finance Bank provides interest rates of 5 percent on a balance of up to Rs 1 lakh, 6 percent on an annual balance more than Rs 1 lakh and up to Rs 25 lakh and 7.25 percent on an annual balance of up to Rs 25 lakh.

ROI Balance amount
5% <=1 lakh
6% >1 lakh <=25 lakh
7.25% >25 lakh

Note: Deposits in a savings account or fixed deposits or recurring deposits with commercial banks are secured by Deposit Insurance and Credit Guarantee Corporation (DICGC) for a limit of Rs 5 lakh for both principal and interest amount.

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