Compare fixed deposits, recurring deposits, savings accounts, and more — find the best interest rates in India.
Kotak Mahindra Bank
Kotak 811 Savings Account is Kotak Mahindra Bank's flagship digital banking product — a zero-balance, fully digital savings account that can be opened in under 5 minutes using just your Aadhaar and PAN card. Named for the 811 area code in Mumbai (where Kotak started), the Kotak 811 account brings the full power of one of India's leading private sector banks to the digital-first generation. The account opening journey is remarkable for its simplicity. Download the KayMall app, enter your mobile number and Aadhaar details, complete the Aadhaar eKYC with a selfie, and provide your PAN number. Within minutes, your Kotak 811 account is active with a virtual debit card ready for UPI and online transactions. The Kotak 811 Digital Debit Card is a RuPay-based card that works at all ATMs and merchant outlets in India. You can link it to any UPI app (Google Pay, PhonePe, Paytm, Amazon Pay) and make unlimited free transfers. The physical card is delivered to your doorstep within 3-5 business days. One of the standout features of Kotak 811 is the overdraft facility that becomes available after 6 months of good account conduct. Customers who maintain regular salary credits and good transaction history can access an overdraft of up to ₹2 lakhs without any collateral — a credit facility from a digital savings account. The interest rate is 3.0% per annum on balances up to ₹10 lakhs — the same as Kotak Mahindra Bank's regular savings account rate. This is credited quarterly to your account. Source: Kotak Mahindra Bank official website, updated May 2026.
Kotak Mahindra Bank
Kotak Mahindra Bank Savings Account is a premium banking product from one of India's fastest-growing private sector banks. Kotak Mahindra Bank is known for its strong focus on the affluent and high-net-worth segment, offering a comprehensive suite of banking, investment, and insurance products under one roof. The Kotak Mahindra Bank savings account comes with the KayMall mobile banking app, which provides a seamless experience for all banking needs including fund transfers, bill payments, credit card management, and investments in mutual funds, fixed deposits, and NPS. The app also provides a consolidated view of all your Kotak relationships — savings, credit card, demat account, and loans. The interest rate of 3.0% per annum is competitive for the private sector banking segment. Interest is calculated on the daily balance and credited quarterly. For balances above ₹10 lakhs, the rate moves to 3.5% p.a., and for those above ₹1 crore, the rate is 3.75% p.a. The complimentary Kotak Mahindra Bank Debit Card offers premium privileges including complimentary lounge access at domestic airports (for Visa Infinite variants), fuel surcharge waivers at HPCL and BPCL pumps, and discounts at over 1,000 partner brands across dining, travel, and lifestyle categories. Kotak Mahindra Bank also offers dedicated Privilege Banking branches in major cities, where relationship managers provide personalised financial planning services including investment advisory, insurance reviews, and loan structuring for high-value customers. Source: Kotak Mahindra Bank official website, updated May 2026.
Punjab National Bank
PNB Sarvatra Savings Account is Punjab National Bank's dedicated savings account product for rural and semi-urban India, with a significantly reduced minimum average balance requirement of just ₹1,000 — compared to ₹5,000 for the regular PNB Savings Account. This lower threshold is designed to make formal banking accessible to customers in villages and small towns who may not be able to maintain higher balances. The Sarvatra account is fully integrated with the Indian government's Direct Benefit Transfer (DBT) infrastructure, meaning all central and state government subsidies are directly credited to the account. This includes PM Kisan Samman Nidhi (₹6,000 per year to farmer families), MGNREGA wages, cooking gas subsidies, and various state-specific welfare scheme payments. The complimentary PNB Sarvatra RuPay Debit Card enables ATM withdrawals at all PNB ATMs (3 free per month) and can be linked to any UPI application for digital payments. The RuPay network has deep penetration in rural India, with acceptance at over 1.5 million merchant outlets including village-level kirana stores and fair price shops. One unique feature of the PNB Sarvatra account is the small overdraft facility of up to ₹10,000 that becomes available to account holders who maintain regular credits (especially from DBT schemes) and demonstrate good account conduct for 12 months. This provides a vital source of emergency credit for rural families who would otherwise have no access to formal credit. The account also serves as a gateway to PNB's agricultural and rural credit products, including Kisan Credit Cards (KCC), crop loans, and gold loans, which can be accessed once the account holder establishes a 6-month banking relationship with PNB through the Sarvatra account. Source: Punjab National Bank official website, updated May 2026.
Punjab National Bank
Punjab National Bank (PNB) Savings Account is one of India's most historic bank accounts, offered by a public sector bank with roots dating back to 1894 in Lahore. Through mergers with Oriental Bank of Commerce and United Bank of India, PNB has grown into one of India's largest public sector banks with over 11,500 branches and 15,000+ ATMs serving crores of customers across the length and breadth of India. PNB has a particularly strong presence in North India, especially in Punjab, Delhi, Haryana, and Uttar Pradesh, where it serves a large segment of the population through its extensive branch network. The bank is also one of the largest participants in the PM Kisan Samman Nidhi scheme, disbursing government subsidies directly to farmer accounts. The PNB Omni Banking mobile app provides a comprehensive digital banking experience including UPI payments, IMPS, NEFT, RTGS fund transfers, credit card bill payments, and investment services. The app has been redesigned in recent years to improve user experience and add features like expense tracking and spending analytics. The interest rate of 2.75% per annum applies uniformly across all PNB Savings Account balances, with interest calculated on a daily product basis and credited quarterly to the account. For senior citizens, PNB offers an additional 0.5% interest on savings accounts — bringing the effective rate to 3.25% per annum. PNB offers a range of specialised savings account variants including the PNB Sarvatra Savings Account (for rural and semi-urban customers), PNB Shaurya Savings Account (for defense personnel), and the PNB CSR savings account, each tailored to specific customer segments with modified features and benefits. Source: Punjab National Bank official website, updated May 2026.
Standard Chartered Bank
Standard Chartered Bank Savings Account is a premium banking product from one of the world's oldest and most international banks. With operations in over 60 countries and a heritage dating back to 1853, Standard Chartered brings global banking standards to Indian customers, making it particularly popular among NRIs, expats, and affluent individuals with international financial needs. The account's defining characteristic is its focus on premium service. With a minimum average balance requirement of ₹25,000 — the highest among private sector banks in India — the account targets customers who want dedicated relationship management, priority service at branches, and a comprehensive suite of wealth management products. The Standard Chartered Debit Card is accepted at over 3 million merchant outlets in India and 30 million+ outlets worldwide through the Visa and Mastercard networks. Premium variants offer complimentary access to over 600 airport lounges globally through the LoungeKey programme, making it one of the best debit cards for frequent travellers. For NRIs, Standard Chartered offers seamless account management through its global network. You can maintain your Indian savings account in INR while accessing forex services, international wire transfers, and NRI-specific investment products including NRE/NRO fixed deposits with competitive rates. The bank's SC Mobile app provides comprehensive digital banking including UPI, IMPS, NEFT, RTGS, and a dedicated investment section where customers can purchase mutual funds, apply for IPOs, and manage their portfolio of stocks through an integrated demat account. Standard Chartered also offers priority banking customers access to dedicated Relationship Managers who provide personalised financial planning, loan advisory, and investment recommendations based on individual financial goals and risk appetite. Source: Standard Chartered Bank official website, updated May 2026.
YES Bank
YES BANK Digital Savings Account is a zero-balance digital banking product that brings YES BANK's innovative digital banking ecosystem to customers who prefer not to maintain a minimum average balance. Using the award-winning YES Robot mobile app, you can open your account digitally in under 10 minutes and start using a virtual debit card immediately. The YES Robot app is one of the most distinctive mobile banking experiences in India — featuring a friendly virtual robot assistant named "Robot" that guides customers through banking tasks, provides spending insights, and even offers personalised financial tips. The app's gamified interface makes banking feel engaging rather than transactional. The Digital Savings Account comes with an instant YES BANK Rupay Virtual Debit Card that can be linked to any UPI application and used for online shopping, bill payments, and merchant QR scans. The physical debit card is delivered to your doorstep and activated through a simple OTP verification. One notable advantage of the YES BANK Digital Savings Account is that it offers the same 3.0% per annum interest rate as the regular YES BANK Savings Account — many banks offer lower rates on their zero-balance digital variants, making YES BANK's approach particularly customer-friendly. All UPI, IMPS, and NEFT transactions are free and unlimited through the YES Robot app. RTGS is also free for digital savings account holders. You can upgrade to a full YES BANK Savings Account at any time by completing KYC verification at a branch. Source: YES BANK official website, updated May 2026.
YES Bank
YES BANK Savings Account is a technology-driven banking product from YES BANK — one of India's most digitally innovative private sector banks. After its reconstruction in 2020, YES BANK has rebuilt itself with a strong focus on digital banking, SME lending, and technology-driven financial services. The YES Robot mobile banking app is one of the most unique banking apps in India — featuring a gamified interface with a virtual robot assistant that guides customers through banking tasks, financial quizzes, and personalised money management tips. The app has won multiple awards for innovation in digital banking. The interest rate of 3.0% per annum is applied on all savings account balances up to ₹10 lakhs, with interest calculated daily and credited quarterly. For balances above ₹10 lakhs, the rate increases to 3.5% p.a., and for those above ₹1 crore, the rate is 4.0% p.a. — one of the highest tiered rates in the industry. The YES BANK Debit Card comes with the YES BANK Rewards Programme, which earns reward points on every transaction that can be redeemed against shopping, dining, and travel bookings. Premium variants offer complimentary airport lounge access and fuel surcharge waivers. YES BANK also offers a unique "Savings Account + Health Insurance" bundled product that provides complimentary health insurance cover with select premium savings accounts, making it an attractive option for families looking to optimise their banking and insurance costs. Source: YES BANK official website, updated May 2026.