5 Banks providing up to 7% Interest on Savings Accounts; Read this for More Details

We all keep money in a saving bank account so that money is kept safe and we keep getting regular interest. However, in recent times, it is seen that the interest rates is being decreasing day by day. The majority of Banks are Providing Interest rates between 3% to 5%.

But it is surprising to note that there are many banks offering interest rates as high as 6%-7% on saving bank accounts. The List is given below:

Details of High-Interest Providing Banks:

Equitas Small Finance Bank

Customers with an Equitas Small Finance Bank savings account can get 7% interest on deposits over Rs.5 lakhs and up to Rs.50 lakhs.

AU Small Finance Bank

On their AU Small Finance Bank savings account, customers can earn up to 7% interest. Customers must, however, maintain a monthly amount of about Rs.2,000 to Rs.5,000 in order to obtain greater interest rates.

Ujjivan Small Finance Bank

Customers of Ujjivan Small Finance Bank can get a greater interest rate on their savings accounts, up to 6.75 percent. Customers who invest more than Rs.10 crore receive a 6.75 percent interest rate.

Suryoday Small Finance Bank

Customers of Suryoday Small Finance Bank can earn up to 6.25 percent interest on their savings accounts. They must maintain a monthly balance requirement of Rs.2,000 on average.

DCB Bank

Customers who open a saving account with DCB Bank might get a higher interest rate of up to 6.25 percent. In reality, among private banks, the interest rate is the highest. Customers must keep a minimum balance of Rs.2,500 to Rs.5,000 in their accounts.