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Savings Accounts With Highest Interest Rates in 2025

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Savings accounts are nothing fancy and are one of the oldest ways to earn interest to make money. Some consider them the most trusted and lesser risk-taking investment options! That’s because a savings account is a secure and convenient way to track and transact funds.

If you are planning to open a savings account, this article will help you to explore the top banks in India that provide the best interest rates on their savings account. Further, look at the top ten savings accounts with the highest interest rates in India.

Table of Content

List of Savings Accounts with Highest Interest Rates

Best Savings Account with Their Interest Rates

List of Savings Accounts with Highest Interest Rates

Sr. No.

Savings Schemes/Plans

Returns Offered

Lock-in Period

1 National Saving Certificate (NSC)

7.7%

5 Years

7 Sukanya Samriddhi Yojana (SSY)

8.2%

21 Years

4 Post Office Monthly Income Scheme (POMIS)

7.4%

5 Years

3 Recurring Deposit

2.5-8.5%

1 Year

8 Atal Pension Yojana (APY)

Returns depend on pension amount and age

Age 60 Years

9 Employee Provident Fund (EPF)

Retirement or Resignation

8.25%

10 Pradhan Mantri Jan Dhan Yojana

4%

NA

5 Kisan Vikas Patra

7.5%

123 months

6 Public Provident Fund (PPF)

7.1%

15 Years

11 Equity Linked Savings Scheme (ELSS)

Depends on market conditions; there are no assured returns.

Min 3 Years

12 Fixed Deposits

2.50% to 9.01%

Min 5 Years

2 Senior Citizens Saving Scheme (SCSS)

8.2%

5 Years

13 National Pension Scheme (NPS)

Till Retirement (age 60)

9-12%

Sr. No.

Savings Account

Interest Rate

Ujjivan Small Finance Bank

Up to 7.50% [w.e.f. 24th April, 2025]

Up to 7.50% [w.e.f. 15th November, 2023]

RBL

Up to 7% [w.e.f. 1st May, 2025]

Up to 7.50% [w.e.f. 21st August, 2023]

Digibank by DBS

Up to 5.50% [w.e.f. 9th May, 2025]

Up to 7% [w.e.f. 10th October, 2023]

IDFC

Up to 7% [w.e.f. 6th June, 2025]

Up to 7% [w.e.f. 1st October, 2023]

Bandhan Bank

Up to 7% [w.e.f. 1st May, 2025]

Up to 8.05% [w.e.f. 5th September, 2023]

Yes Bank

Up to 5% [w.e.f. 21st April, 2025]

Up to 7% [w.e.f. 1st November, 2023]

IndusInd Bank

Up to 7% [w.e.f. 2nd June, 2025]

Kotak Mahindra Bank

Up to 3.25% [w.e.f. 25th April, 2025]

Up to 4% [w.e.f. 13th June, 2022]

Canara bank

Up to 4% [w.e.f. 19th May, 2025]

Up to 4% [w.e.f. 21st December, 2021]

ICICI

Up to 3.25% [w.e.f. 16th April, 2025]

Axis Bank

Up to 3.25% [w.e.f. 15th May, 2025]

HDFC

Up to 2.75% [w.e.f. 10th June, 2025]

Bank of Baroda

Up to 4.50% [w.e.f. 27th February, 2024]

Union Bank of India

Up to 4% [w.e.f. 25th April, 2025]

SBI

Up to 3% [w.e.f. 15th October, 2022]

Indian Bank

Up to 2.90% [w.e.f. 9th June, 2025]

Bank of India

Up to 3.65% [w.e.f. 1st June, 2025]

Punjab National Bank

Up to 3% [w.e.f. 1st January, 2023]

*Last updated on June 2025.

Best Savings Account with Their Interest Rates

Several public and private sector banks in India today offer different types of savings accounts that cater to different needs of individuals. There are several interest rates available for a savings account, and this is our handpicked list of some of the highest interest rates bearing savings accounts:

Several public and private sector banks in India today offer different forms of savings accounts that cater to different needs of individuals. There are several interest rates available for a savings account, and this is our handpicked list of some of the highest interest rates bearing savings accounts:

Ujjivan Small Bank

RBL Bank

DBS Bank

IDFC First Bank

Bandhan Bank

Yes Bank

Induslnd Bank

Kotak Bank

Senior Citizen Savings Scheme

Savings Account Interest Rates

Up to ₹1 lakh: 3.00%
From ₹1 lakh to ₹5 lakhs 5.00%
From ₹5 lakhs to ₹10 lakhs: 6.25%
From ₹10 lakhs to ₹50 lakhs: 7.25%
Upto ₹50 lakhs: 7.50%

Savings Account Interest Rates

Upto ₹1 lakh: 3.25%
Above ₹1 lakh upto ₹5 lakh: 3.50%
Above ₹5 lakh upto ₹10 lakh: 5.00%
Above ₹10 lakh upto ₹25 lakh: 6.50%
Above ₹25 lakh upto ₹3 Crore: 7.00%
Above ₹3 Crore upto ₹7.5 Crore: 6.50%
Above ₹7.5 Crore upto ₹50 Crore: 6.25%
Above ₹50 Crore upto ₹200 Crore: 6.00%

Savings Account Interest Rates

Up to ₹2L: 2.75%
Above ₹2L and up to ₹5L: 3.25%
Above ₹5L and up to ₹50L: 5.50%
Above ₹50L: 4.00%

Savings Account Interest Rates

Up to ₹5 Lakhs: 3.00%
Above ₹5 Lakhs and up to ₹10 Crores: 7.00%
Above ₹10 Crores and up to ₹25 Crores: 6.75%
Above ₹25 Crores and up to ₹50 Crores: 6.50%
Above ₹50 Crores and up to ₹100 Crores: 6.00%
Above ₹100 Crores and up to ₹200 Crores: 4.50%
Above ₹200 Crores: 3.50%

Savings Account Interest Rates

For End-of-Day Balance up to ₹250 crore:

Balance up to ₹1 lakh: 3.00%
Balance above ₹1 lakh to ₹5 lakh: 3.00%
Balance above ₹5 lakh to ₹10 lakh: 5.00%
Balance above ₹10 lakh to ₹50 lakh: 6.00%
Balance above ₹50 lakh to ₹1 crore: 6.00%
Balance above ₹1 crore to ₹5 crore: 6.00%
Balance above ₹5 crore to ₹50 crore: 6.50%
Balance above ₹50 crore to ₹250 crore: 6.50%

For End-of-Day Balance above ₹250 crore:

Balance up to ₹1 lakh: 3.00%
Entire balance above ₹1 lakh: 7.00%

For End-of-Day Balance above ₹500 crore:

Balance up to ₹1 lakh: 3.00%
Entire balance above ₹1 lakh: 7.00%

Savings Account Interest Rates

Up to ₹10 Lakhs: 3.00%
₹10 Lakhs to less than ₹25 Lakhs: 3.50%
₹25 Lakhs to less than ₹50 Lakhs: 4.00%
₹50 Lakhs to less than ₹100 Crores: 5.00%

The Sukanya Samriddhi Yojana is a government savings scheme that allows parents or legal guardians to open an account for a girl child who is 10 years old or younger. The account matures after 21 years of opening it or in the event of the child's marriage, post the age of 18. A premature withdrawal from the account of up to 50% of what was initially invested is allowed after she reaches 18 years old, even if she is not getting married.

Duration of Investment in this Savings Scheme: 21 Years

Interest Rate: 8.2%

Investment Amount: Minimum Rs. 1,000 per annum, Maximum: Rs. 1.5 Lakh Per Annum

Interest received will not be taxed

Tax Deduction on Principal up to Rs 1.5 lakhs.

Learn more about Sukanya Samriddhi Yojana.