Compare fixed deposits, recurring deposits, savings accounts, and more — find the best interest rates in India.
HDFC Bank
HDFC Bank Savings Account is one of India's most popular banking products, offering a comprehensive suite of features for individuals, families, and businesses. With over 6,500 branches and 17,000+ ATMs across the country, HDFC Bank ensures you have easy access to your money whenever you need it. The account comes with a complimentary HDFC Bank Debit Card that can be used at over 2.5 lakh ATMs and millions of merchant outlets across India and abroad. The Debit Card also offers discounts on dining, travel, and shopping through the HDFC Bank Deals program. Digital banking is a key highlight — you get free access to HDFC Bank Mobile Banking, Net Banking, UPI, IMPS, NEFT, and RTGS. You can open a fixed deposit, apply for a credit card, or manage your investments without visiting a branch. The interest rate on the HDFC Bank Savings Account is 3.0% p.a. for balances up to ₹10 lakhs. For higher balances, the rate increases to 3.5% p.a. Interest is calculated on a daily basis and credited quarterly. To open an HDFC Bank Savings Account, you must be an Indian resident aged 18 years or above. The process is fully digital — you can apply online at hdfcbank.com, complete eKYC using Aadhaar and PAN, and receive your account number instantly. A wide range of identity and address proofs are accepted including Aadhaar, Passport, Voter ID, and Driver's Licence. Source: HDFC Bank official website, updated May 2026.
ICICI Bank
ICICI Bank Savings Account is one of India's most comprehensive bank accounts, offering a perfect blend of digital innovation and traditional banking reliability. With one of India's highest-rated mobile banking apps and a robust branch network, ICICI Bank serves over 35 million customers across urban and semi-urban India. The iMobile app from ICICI Bank is widely regarded as one of the best mobile banking applications in India. It offers a complete suite of banking services including fund transfers, bill payments, investment purchases, credit card management, and even shopping — all secured with multi-factor authentication and biometric login. The interest rate of 3.0% per annum is applied on the full balance in your savings account, with interest calculated daily and credited quarterly. For balances above ₹50 lakhs, the rate is higher at 3.5% p.a., making the account attractive for high-net-worth individuals. The complimentary ICICI Bank Debit Card comes in multiple variants depending on the account balance and relationship value. The Visa Infinite and Mastercard Platinum variants offer premium privileges including access to airport lounges (via MasterCard Airport Experiences), complimentary movie tickets, and discounts at premium restaurants and hotels across India. ICICI Bank's digital ecosystem also includes ICICI Bank PayLater, which provides a built-in buy-now-pay-later facility directly from your savings account — a unique feature not commonly found in standard savings accounts at other banks. Source: ICICI Bank official website, updated May 2026.
Axis Bank
Axis Bank Easy Savings Account is a zero-balance digital savings account from Axis Bank, India's third-largest private sector bank. It is designed for Indians who want the credibility and digital banking capabilities of Axis Bank without the burden of maintaining a minimum average balance — making it particularly attractive for students, first-time bank account holders, and gig economy workers. The account opening is completely digital. Using Axis Bank's website or mobile app, you can authenticate with your Aadhaar number and PAN, complete a video KYC self-scan, and receive your account number within minutes. There is no need to visit a branch at any point. The instant Axis Bank Easy Rupay Virtual Debit Card is available immediately upon account activation. You can link it to any UPI app and start making digital payments right away. A physical debit card is dispatched within 3-5 business days and can be tracked through the Axis Mobile app. All UPI transfers via Axis Mobile are free and unlimited — essential for account holders who receive salary via UPI or make frequent digital payments. The account also supports WhatsApp Banking, which enables balance checks and mini statements by simply sending a message on WhatsApp. You can upgrade your Axis Bank Easy Savings Account to a regular Axis Bank Savings Account at any time by submitting physical KYC documents at a branch, unlocking overdraft facilities, higher ATM withdrawal limits, and access to Axis Bank's premium debit card variants. Source: Axis Bank official website, updated May 2026.
Axis Bank
Axis Bank Savings Account is one of India's most popular bank accounts for young professionals and digitally savvy customers. Known for its sleek mobile banking app and innovative product features, Axis Bank has grown to become the third-largest private sector bank in India with over 20 million customers. The Axis Mobile app is consistently rated among the best in the Indian banking industry, offering a clean, intuitive interface for all banking tasks including fund transfers, bill payments, credit card management, and investments. The app supports biometric login and instant notifications for every transaction. The interest rate of 3.0% per annum on balances up to ₹10 lakhs is competitive for the private banking segment. For higher balances up to ₹1 crore, the rate moves to 3.5% p.a. Interest is calculated on the daily closing balance and credited quarterly to the account. Axis Bank's debit card portfolio includes the Axis Bank RuPay Platinum Card (with complimentary airport lounge access under the RuPayoffers program), the Visa Platinum Card with global acceptance, and the new Axis Bank VOID Virtual Debit Card for maximum security during online transactions. One unique offering is the ability to open a fixed deposit directly from your savings account with a single tap in the Axis Mobile app — FD rates at Axis Bank are often slightly higher than the savings rate, making it easy to optimize your idle balance. The account also offers a seamless upgrade path to Axis Bank's Privilege Banking and Exclusive Banking programmes, which offer dedicated relationship managers, preferential rates, and premium privileges for high-value customers. Source: Axis Bank official website, updated May 2026.
Bank of Baroda
Bank of Baroda BSBDA (Basic Savings Bank Deposit Account) is a zero-balance savings account compliant with RBI's financial inclusion guidelines, designed to bring every Indian within the formal banking umbrella. Bank of Baroda, as one of India's largest public sector banks, plays a significant role in the government's financial inclusion mission and has opened millions of BSBDA accounts for unbanked families across urban and rural India. The BSBDA is specifically designed for Below Poverty Line (BPL) families and those who cannot maintain a minimum balance. The account has a balance cap of ₹50,000 per year and a maximum credit of ₹1 lakh per year — sufficient for most low-income households receiving government subsidies and wages. All deposits to the BSBDA are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakhs, providing full protection for the account holder's savings. This makes it one of the safest places to keep money for families who have historically relied on cash or informal savings mechanisms. The complimentary Bank of Baroda BSBDA RuPay Debit Card enables ATM withdrawals at all Bank of Baroda ATMs (4 free per month) and can be linked to UPI apps for digital payments and transfers. The card is accepted at over 1.5 million merchant outlets across India. Crucially, the BSBDA is fully eligible for Direct Benefit Transfer (DBT), which means government subsidies under MGNREGA, PM Kisan, cooking gas (PAHAL), and other central and state government schemes are directly credited to the account. This ensures transparency and eliminates middlemen in the welfare delivery system. Source: Bank of Baroda official website, updated May 2026.
Bank of Baroda
Bank of Baroda Savings Account is one of the most accessible bank accounts in India, offered by the country's second-largest public sector bank with a network spanning 8,100+ branches, 100,000+ ATMs, and services in every state and union territory. The bank serves over 150 million customers, making it one of the largest banking institutions in the world. The Bob World mobile app has transformed Bank of Baroda's digital presence, offering a comprehensive mobile banking platform that supports UPI, IMPS, NEFT, RTGS, bill payments, credit card management, and investment services. The app has received significant updates in recent years and now rivals private bank apps in terms of user experience and functionality. The interest rate of 2.75% per annum is applied uniformly across all savings account balances, with interest calculated daily and credited quarterly to the account. While this rate is lower than private sector banks, it reflects the public sector banking approach of maximising accessibility over yield. The complimentary Bank of Baroda RuPay Debit Card is accepted at all ATMs and merchant outlets in India and globally through the RuPay and Visa networks. The card also enables the Jan Dhan integration, which allows government subsidies (MGNREGA wages, cooking gas subsidy, PM Kisan payments) to be directly credited to the account. For customers looking to access government savings schemes, Bank of Baroda offers seamless integration with Sukanya Samriddhi Yojana, Public Provident Fund (PPF), and National Savings Certificates (NSC) — all accessible through the Bob World app or at any branch. Source: Bank of Baroda official website, updated May 2026.
Canara Bank
Canara Bank Savings Account is a widely held bank account in India, offered by one of the oldest and most trusted public sector banks. Founded in 1906 as Canara Bank, the institution has grown to become one of India's largest public sector banks with a presence across all 28 states and 8 union territories, and a particularly strong network in South India. With over 10,300 branches and 14,000+ ATMs, Canara Bank offers one of the most extensive physical banking networks in the country. This is particularly valuable for customers in semi-urban and rural areas where private bank branches may be sparse. Canara Bank's reach makes it the go-to bank for agricultural loans, government salary accounts, and Jan Dhan accounts. The Canara mPay mobile app provides comprehensive digital banking functionality including UPI, IMPS, NEFT, RTGS, bill payments, and credit card management. The app supports biometric authentication and offers a clean, intuitive interface that has improved significantly in recent years. The interest rate of 2.75% per annum is consistent across all Canara Bank Savings Account balances, with interest calculated daily and credited quarterly. While this rate is lower than private sector alternatives, it reflects the public bank mandate of serving all customer segments, including those in remote areas. The complimentary Canara Bank Debit Card is accepted at all ATMs and merchant outlets across India and globally through the RuPay and Visa networks. The card enables Jan Dhan integration for government subsidies, PM Kisan credits, MGNREGA wages, and cooking gas subsidies. Canara Bank also offers dedicated senior citizen savings account variants with preferential interest rates and priority branch service for customers aged 60 and above. Source: Canara Bank official website, updated May 2026.
HDFC Bank
HDFC Bank Digital Savings Account is India's first fully digital bank account that can be opened without visiting a branch. Using a combination of Aadhaar eKYC and video KYC, you can open your account in under 10 minutes and receive your account number instantly. This variant is specifically designed for the digital-first generation. The account requires zero minimum average balance, making it ideal for students, freelancers, senior citizens who prefer digital banking, and even non-resident Indians who want an Indian savings account without the hassle of branch visits. You receive an instant virtual HDFC Bank Digital Debit Card that can be used for all online transactions, UPI payments, and merchant QR scans immediately after account activation. A physical RuPay debit card can be requested and delivered to your doorstep at no extra cost. All digital transactions — UPI, IMPS, NEFT, and RTGS — are free for Digital Savings Account holders. The account also supports opening of fixed deposits, recurring deposits, and investment in mutual funds through HDFC Bank's investment platform. The interest rate is 3.0% p.a., same as the regular HDFC Bank Savings Account, calculated daily and credited quarterly. There is no cap on the number of free digital transactions. Source: HDFC Bank official website, updated May 2026.
HDFC Bank
HDFC Bank Senior Care Savings Account is a specialised savings account designed exclusively for Indian senior citizens aged 60 years and above. This account recognises the unique banking needs of retirees and senior individuals, offering them enhanced interest rates, priority services, and complimentary insurance coverage. The account offers an interest rate of 3.5% per annum — 50 basis points higher than the regular HDFC Bank Savings Account rate of 3.0%. This additional 0.5% can make a meaningful difference for retirees who maintain significant savings balances. Interest is calculated on a daily basis and credited quarterly to the account. A standout feature is the complimentary personal accident insurance cover of ₹5 lakhs, providing financial protection for seniors during their daily commute and travels. This is in addition to the standard debit card insurance that comes with premium variants. The Senior Care Debit Card offers unlimited free ATM withdrawals at all HDFC Bank ATMs across India — a significant benefit for seniors who prefer using cash for their daily expenses. The card is accepted at all HDFC ATMs, Visa-enabled ATMs worldwide, and millions of merchant outlets. HDFC Bank also provides dedicated relationship managers for Senior Care account holders who maintain a balance of ₹5 lakhs or more, offering personalised financial advisory services for retirement planning, mediclaim, and investment products. Source: HDFC Bank official website, updated May 2026.
ICICI Bank
ICICI Bank Pratham Savings Account is a zero-balance digital savings account designed to bring every Indian into the formal banking system. Whether you are a student opening your first bank account, a gig worker receiving digital payments, or someone who prefers not to maintain a minimum balance, the Pratham account offers a friction-free entry point to ICICI Bank's digital banking ecosystem. The account opening process is entirely digital. Using the iMobile app or the ICICI Bank website, you can complete video KYC by scanning your Aadhaar card, taking a selfie, and providing your PAN number. The entire process takes under 10 minutes, and your account number is issued instantly. You receive a virtual ICICI Bank Pratham Rupay Debit Card immediately upon account activation. This virtual card can be linked to any UPI app and used for online shopping, bill payments, and merchant QR scans. A physical debit card can be requested through the app and delivered to your doorstep within 3-5 business days. All UPI and IMPS transfers are free and unlimited — a significant advantage for users who receive payments via UPI or need to make frequent digital transfers. The account also supports WhatsApp Banking, which allows you to check your account balance, view mini statements, and get branch locator information simply by sending a message on WhatsApp. You can upgrade from Pratham to a full ICICI Bank Savings Account at any time by completing full KYC at a branch, unlocking additional features like a higher limit debit card, overdraft facility, and relationship manager access. Source: ICICI Bank official website, updated May 2026.
IndusInd Bank
IndusInd Bank Digital Savings Account is a breakthrough product that combines the highest interest rate in the digital banking space (3.5% per annum) with the convenience of zero minimum balance and fully digital account opening. For the first time, customers do not have to choose between a high-interest savings account and a zero-balance digital account — IndusInd Bank offers both. The account can be opened entirely through the IndusMobile app in a completely paperless process. Using Aadhaar-based eKYC and a live selfie verification, customers can have their account active within 10 minutes. There is absolutely no requirement to visit a branch at any stage. The standout feature of this account is the interest rate. At 3.5% per annum, it matches the rate offered on IndusInd Bank's regular savings account — and surpasses the rates offered by most other banks' zero-balance accounts. For a customer maintaining an average balance of ₹2 lakhs, this translates to ₹7,000 in annual interest, compared to ₹6,000 at a 3.0% rate bank. You receive an instant virtual IndusInd Bank Rupay Debit Card upon account activation, which can be linked to any UPI application. The physical card is dispatched within 3-5 business days and provides access to ATMs and merchant outlets across India. All digital transactions — UPI, IMPS, and NEFT — are free and unlimited through the IndusMobile app. You can upgrade to a full IndusInd Bank Savings Account at any time by completing physical KYC at a branch, unlocking RTGS support, overdraft facilities, and a wider range of debit card variants. Source: IndusInd Bank official website, updated May 2026.
IndusInd Bank
IndusInd Bank Savings Account stands out in the Indian banking landscape for offering one of the highest interest rates among private sector banks at 3.5% per annum. This rate is significantly above the average savings account rate offered by major banks and makes IndusInd an attractive option for individuals who maintain high balances in their savings accounts. IndusInd Bank has built a reputation for innovation and customer-centricity since its inception in 1994. The bank offers a comprehensive digital banking platform through its IndusMobile app, which supports free and unlimited UPI, IMPS, NEFT, and RTGS transactions — all processed in real-time with minimal friction. The IndusInd Bank Debit Card is accepted at all ATMs in India and Visa/Mastercard-enabled ATMs and merchant outlets across the world. Premium variants of the debit card offer complimentary domestic airport lounge access, fuel surcharge waivers, and discounts on dining and shopping at partner establishments. One of the unique features of the IndusInd Bank Savings Account is the complimentary multi-city cheque book facility, which allows you to issue cheques from any city in India — useful for NRIs managing property or family finances across different locations. The bank's commitment to customer service is reflected in its dedicated 24-hour customer care and the IndusInd Bank's consistent ranking among the top private sector banks for customer satisfaction. The IndusMobile app has received multiple awards for its intuitive design and comprehensive functionality. Source: IndusInd Bank official website, updated May 2026.