Which bank gives highest interest rate on saving account

In India, small finance banks currently offer the highest interest rates on savings accounts compared to major commercial banks. Rates can reach up to 7% or 8% per annum, typically depending on the balance maintained in the account.

• Small Finance Banks: Banks like Unity, Equitas, AU, and Suryoday often provide rates between 5% and 7.5% for specific balance slabs.
• Private Sector Banks: Banks such as RBL Bank and IDFC FIRST Bank offer competitive tiered rates up to 7%.
• Public Sector Banks: Larger institutions like SBI typically offer lower rates, ranging from 2.70% to 3.00%.