6 Banks Offering Interest Rate As High As Around 7.5% On Saving Accounts

With the rise in the interest rate of RBI, multiple banks increased their interest rate, not just for term deposits but also for savings accounts. We have come across 6 such banks that are offering an interest rate of around 7.5% per annum.

1. Ujjivan Small Finance Bank

Ujjivan Small Finance Bank is now offering interest on savings bank deposits at the rate of 7.5%. In this list, this bank offers the highest rate of interest as high as 7.5%. The Ujjivan Bank offers interest rates between 3.5% to 7.5% on various amounts, which are given below:

2. DBS Bank

DBS Bank has increased its interest rates on savings accounts for various minimum balance amounts ranging from Rs 1 lakh to Rs 5 crore. The lowest interest rate is 3% and the highest is 7%. The interest rates offered by this bank on various amounts are given below:

3. Equitas Small Finance Bank

Equitas Small Finance Bank is a microfinance bank that offers interest rates between 3.5% and 7% on various amounts. The highest rate of 7% is for saving amount balance above Rs 5 lakh. The interest rates the Equitas Bank offers on various amounts are given below:

4. Jana Small Finance Bank

There are various rates offered by this microfinance bank as per different amount balances. A rate of 7.5% offered by Jana Small Finance Bank is the highest for savings balance amounts ranging between Rs 10 crore to Rs 50 crore. The minimum amount rate is Rs 3.5% for a balance upto Rs 1 lakh.

5. Unity Small Finance Bank

Unity Small Finance Bank offers interest rates between 6% to 7% on various amounts. For savings accounts, the bank offers an interest of 7% p.a. for deposits greater than Rs 1 lakh and 6% p.a. for deposits up to Rs 1 lakh. The details are given below:

6. AU Small Finance Bank

AU Small Finance Bank is offering an interest rate of 7.25% for balance amounts between Rs 1 crore to Rs 10 crore. The details of the interest rates AU Bank offers on various amounts are given below: