A savings account is a primary and vital financial service that banks offer. Customers can withdraw money without any restrictions whenever they want. Many reputed banks in India offer excellent savings account services.
Before choosing a specific financial institution to open a saving account, it is imperative that you compare the saving account interest rate, the charges, the customer service, and the minimum cash balances offered by the bank.
The Top Savings Bank Accounts in India
This blog is ideal if you’re curious about the best savings banks in India. You can go through the list of the top rated and the best savings banks in India and from them you can choose the one which suits your preference the most!
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SBI Savings Account
The SBI or State Bank of India is the best bank in India to open a saving account, offering a saving account interest rate of 2.70%. It offers a wide range of financial and public sector banking services. Some desirable features of an SBI saving account are the quick services, YONO SBI mobile app, and no maximum balance restrictions.
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Axis Bank Savings Account
Axis Bank is undoubtedly one of the best banks in India for a saving account. Customers can avail a wide range of excellent benefits with an Axis Bank Savings account. Their saving accounts have an interest rate of 3.00% and a low opening deposit. They also have a minimum balance requirement of Rs. 10,000.
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RBL Bank Savings Account
RBL Bank offers a saving account interest rate of 4.25%. In RBL Bank, customers can opt for various saving accounts with unique advantages and characteristics. Customers are allowed an unlimited number of free transactions and phone or mobile banking services.
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HDFC Bank Savings Account
Considered one of the best banks in India for a saving account, HDFC Bank completely satisfies its customers with its banking solutions. It offers a saving account interest rate of 3.00%. It provides various unique features such as mobile banking and free debit cards. HDFC also provides women and senior citizens with particular saving accounts.
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Kotak Mahindra Bank Savings Account
Kotak Mahindra Bank provides its customers access to many monetary services and goods. Many consider it one of the best banks in India to open a bank account. Kotak Mahindra Bank Saving account holders get a saving account interest rate of 3.50%. They can withdraw cash as much as they want to.
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ICICI Bank Savings Account
One of the best and largest private sector banks in India, ICICI Bank provides its customers with an exceptional range of saving accounts. You can opt for a premium or basic saving account if you’re a young an elderly person. It offers a saving account interest rate of 3.00%. It also has a specialised savings account, the Advantage Woman Aura Saving Account for working women.
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DCB Bank Savings Account
Saving accounts in DCB Bank are considered one of the best bank saving accounts in India. Customers get a free ATM card and don’t need to keep a minimum balance in their DCB Bank saving account. They also provide free-of-charge phone, internet, and mobile banking.
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IndusInd Bank Savings Account
IndusInd Bank provides a broad range of saving accounts with wonderful discounts and offers to their customers. Some of these include the Indus Exclusive and Indus Delite Saving Account. They offer a saving account interest rate of 3.50%.
Conclusion
Thus, if you’re looking to open a saving account in the top-rated banks in India, you must compare necessary factors such as interest rates, minimum balance requirements, and cash withdrawal restrictions. Only after doing that will you be able to find an ideal savings bank account!