Which bank pays highest interest on saving account

Small Finance Banks and certain private sector banks in India typically offer the highest interest rates on savings accounts, with some offering up to 7% to 7.5% per annum. While major banks often provide lower rates, these institutions offer higher returns to attract depositors.

• Small Finance Banks: Banks like Unity, AU, and Equitas Small Finance Bank often provide top-tier interest rates for specific balance amounts.
• Private Sector Banks: Banks such as IndusInd Bank offer competitive rates reaching up to 6.75% based on the account balance maintained.