Traditional big-bank savings accounts still pay near-zero interest. High-yield savings accounts offered by online banks and fintechs typically pay significantly more. Here are the top options available in India right now.
Our Top Picks for India
IDFC FIRST Bank Savings Account
Highest Interest Rate Savings in India
7.25% on balances up to ₹1 Lakh
6% for balances above ₹1 Lakh
No minimum balance in most variants
DICGC insured (up to ₹5 Lakh)
Strong mobile banking app
Kotak 811 Digital Savings Account
Best Zero-Balance Digital Account
Fully paperless, online-only account
Zero balance requirement
7% interest on savings
Instant account opening with Aadhaar/PAN
UPI, NEFT, IMPS, RTGS all free
RBL Bank Savings Account
Best for High Balance Interest
7% interest on balances above ₹10 Lakh
Competitive rates on all balance tiers
Digital banking with strong app
DICGC insured
Priority banking option available
IndusInd Bank Savings Account
Best for Salaried + Lifestyle Benefits
6.75% interest on savings
Free fuel surcharge waiver
Free airport lounge access (select variants)
Choice banking with relationship manager
Online FD from savings app
Axis Bank Savings Account
Best for EDGE rewards on savings
EDGE Rewards program rewards spending
Good branch and ATM network nationwide
Mobile and internet banking
Free 24/7 customer support
Joint account facility
Yes Bank Savings Account
Best for premium digital banking
6.25% on savings balances above ₹1 Lakh
Yes PayNow UPI for instant transfers
DICGC insured
Free unlimited NEFT/RTGS
Priority banking for high-value customers
DBS Savings Account India
Best digital bank savings in India
7% interest on savings balance
Fully digital account opening with Aadhaar
Digibank app — one of the best in India
DICGC insured
No minimum balance requirement
Federal Bank Savings Account
Best Kerala-headquartered bank savings
Tiered interest: up to 6% on balances above ₹25 Lakh
FedNet internet banking platform
Strong Non-Resident Indian (NRI) customer base
DICGC insured
Accessible across 1,400+ branches
AU Small Finance Bank Savings
Best small finance bank savings rate in India
Very high 7% savings interest rate
Video KYC account opening from anywhere
24x7 video banking
DICGC insured
No minimum balance in digital account
What to Look for in a Savings Account
Interest rate is the most important factor, but also compare minimum balance requirements, transfer times, deposit insurance coverage, and whether the rate is a promotional introductory rate or a steady ongoing yield. Data is localised for India.
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Disclaimer: Rates are accurate as of the publish date and may change. This article may contain affiliate links. We may earn a commission if you open an account through our links.