# 15 Best Savings Bank Accounts in India

Are you tired of looking for the best savings bank accounts in India that offer the highest interest rate and best service?

Then you have come to right place.

I have done extensive research on all the bank account offered by different banks. I have categorised the best accounts in different categories. You can read the whole article or directly jump to the one you are looking for by clicking on the below page contents.

So let's find the best saving account that fulfils your needs.

## Best Savings Bank Accounts in India

### Digibank DigiSavings Account by DBS

If you are tech-savvy and hate to visit bank branches then Digibank by DBS got you covered.

DBS Bank is Based in Singapore. They are also awarded World's Best Bank 2019 Award.

Digibank By DBS offers the best in the class mobile app that will fulfil all your need without leaving your house.

You can open a savings bank account with digibank instantly via your aadhar number.

Digibank by DBS also offers higher interest rate than most banks and zero minimum balance as an added bonus.

DBS Only have Small number Of Branches. [Checkout all The Branches here.](https://www.dbs.com/in/index/locator.page)

Features of Digibank DigiSavings Account by DBS:

- Free ATM withdrawals at DBS ATMs
- Debit card activation through the app
- Change PIN through the app
- International usage

[**Click here Learn More And Open Savings Accounts With Digibank By DBS**](https://www.dbs.com/digibank/in/banking/account/zero-balance-digisavings-account?pid=in-pweb-digi-Banking-cardtile-digibank-account-learn-more)

| Minimum Average Balance (MAB) | ₹0 (Zero) |
|---|---|
| Interest Rate | Up to 1 Lac - 4.00% From 1 Lac To 2 Lac - 7.00% From 2 Lac To 5 Lac - 5.00% Above 5 Lac - 4.00% |
| Debit Card Type | Visa Platinum |
| ATM Transaction Charge at any ATM in India | *DBS Bank ATM:* Free & Unlimited *Non-DBS Bank ATM:* Financial Transactions: 5 Free per Month, 6th onwards ₹ 20 + taxes Non Financial Transactions: 5 Free per Month, 6th onwards ₹ 8.5 + taxes |
| Annual Debit Card fees | ₹ 150 |

[**Looking for Credit Card that can Save You Money on Your Online Shopping? Checkout Best Credit Cards for Online Shopping in India.**](https://thewealthblog.in/best-credit-cards-for-online-shopping/)

### HDFC Bank Savings Bank Account

If you are in the market for a Group of Services and not only a Savings Bank Account then HDFC will be Your Best Bet.

HDFC Offers Best in Class Credit cards, Demate and Trading Account, Insurance and Much more.

HDFC bank is the most trusted bank in india. They are the largest bank in india. That's why you do not have to worry about any fraud or any fishy activity like some banks.

The interest rate offered by HDFC bank is low but their service will make it up for you. If you don't use internet banking more and love to get things done at the branch then HDFC bank is a great fit for you as they have a vast network of branches and atms.

HDFC Bank Offers 3 Variants Of Bank Accounts.

- HDFC Savings Max Account
- HDFC Regular Savings Account
- HDFC Basic Savings Banks Deposit Account

They come with different types of features and services so you can pick whichever fits your needs.

**[Click here Learn More And Open Savings Accounts With HDFC Bank](https://www.hdfcbank.com/personal/save/accounts/savings-accounts)**

| Minimum Average Balance (MAB) | ₹ 5,000 to ₹ 25,000 (Depending on Variant) |
|---|---|
| Interest Rate | Up to 50 Lac - 3.25% Above 50 Lac - 3.75% |

### ICICI Bank Savings Bank Account

If you are tech-savvy and want a savings account that offers more services online and has great trust and track record then ICICI bank is your companion.

You can avail 200+ services online if you have an account with ICICI bank. For example, their iMobile app is simple and secure with tons of services at your fingertips.

They also have a large network of branches and ATMs if you need that sometimes.

ICICI Bank Offers 4 Variants Of Bank Accounts.

- ICICI Regular Savings Account
- ICICI Silver Savings Account
- ICICI Gold Privilege Savings Account
- ICICI Titanium Privilege Savings Account

You can even open a savings account online and can get account number instantly.

**[Click here Learn More And Open Savings Accounts With ICICI Bank](https://www.icicibank.com/Personal-Banking/account-deposit/savings-account/index.page?)**

| Minimum Average Balance (MAB) | ₹ 10,000 to ₹ 1,25,000 (Depending on Variant) |
|---|---|
| Interest Rate | Up to 50 Lac - 3.25% Above 50 Lac - 3.75% |

### SBI Bank Savings Bank Account

If you want a bank account that is backed by the government then SBI bank is there for your rescue.

You can find SBI Bank's Branches and ATMs Almost Anywhere.

SBI bank is one of the most trusted banks in India. If you open a savings account with them you can be sure that your money is not going anywhere.

SBI recently slashed their requirement of Minimum Average Balance to Zero.

[**Click here Learn More And Open Savings Accounts With SBI Bank**](https://sbi.co.in/web/personal-banking/accounts/saving-account)

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | 2.75% |
| Debit Card Type | Classic sbiINTOUCH Tap and Go Debit Card |
| ATM Transaction Charge at any ATM in India | *SBI Bank ATM:* 5 Free per Month *Non-SBI Bank ATM:* For Metro: 3 Free per Month For Others: 5 Free per Month |
| Annual Debit Card fees | *Classic:* ₹ 125 *sbiINTOUCH Tap and Go Debit Card:* ₹ 175 |

## Best Savings Bank Accounts With Highest Interest Rate in India

### IDFC First Bank Savings Bank Account

If you are looking for a savings bank account that offers the highest interest rate in India then IDFC first bank is your go to bank.

IDFC First Bank Offers Highest Interest Rate Upto 7.00%.

IDFC First Bank Offers 3 Variants Of Bank Accounts.

- Savings Account with Signature Debit Card.
- Savings Account with Classic Debit Card
- Zero Balance Savings Accounts

Features of IDFC Savings Accounts:

- Unlimited free fund transfer
- Minimal & Transparent Charges
- Personal accident insurance – Free cover (death or permanent disability) of ₹ 25 lakh
- Free airport lounge access in major cities, twice every quarter
- Free ATM Transactions at any bank and on any network
- A free Visa debit card with every account valid for life
- Minimal and transparent charges

[**Click Here Learn More and Open Savings Account With IDFC Bank**](https://www.idfcfirstbank.com/banking-products/accounts/savings-account.html)

| Minimum Average Balance (MAB) | ₹ 0 to ₹ 25,000 (Depending on Variant) |
|---|---|
| Interest Rate | Up to 1 Lac - 6.00% From 1 Lac To 1 Cr - 7.00% |
| ATM Transaction Charge at any ATM in India | Free & Unlimited |

### Digibank DigiSavings Account by DBS

As I Have Covered [Above](https://thewealthblog.in/best-savings-bank-accounts-in-india/#Digibank_DigiSavings_Account_by_DBS) Digibank by DBS Offers Best of Both Worlds. a Zero Balance Account and a High-Interest Rate.

Features of Digibank DigiSavings Account by DBS:

- Free ATM withdrawals at DBS ATMs
- Debit card activation through the app
- Change PIN through the app
- International usage

[**Click here Learn More And Open Savings Accounts With Digibank By DBS**](https://www.dbs.com/digibank/in/banking/account/zero-balance-digisavings-account?pid=in-pweb-digi-Banking-cardtile-digibank-account-learn-more)

| Minimum Average Balance (MAB) | ₹0 (Zero) |
|---|---|
| Interest Rate | Up to 1 Lac - 4.00% From 1 Lac To 2 Lac - 7.00% From 2 Lac To 5 Lac - 5.00% Above 5 Lac - 4.00% |
| Debit Card Type | Visa Platinum |
| ATM Transaction Charge at any ATM in India | *DBS Bank ATM:* Free & Unlimited *Non-DBS Bank ATM:* Financial Transactions: 5 Free per Month, 6th onwards ₹ 20 + taxes Non Financial Transactions: 5 Free per Month, 6th onwards ₹ 8.5 + taxes |
| Annual Debit Card fees | ₹ 150 |

### RBL Bank Savings Bank Account

RBL Bank is another Private bank that offers a high-interest rate on a savings account.

If you need locker service then you can avail of upto a 15% discount (depending on variant).

RBL Bank has a great mobile banking service that offers you most of the services on your mobile.

The best thing about RBL bank is that you don't have to go to your home branch to avail the service, you can visit any branch of the bank to avail all of the services.

If you choose to open a savings account with RBL bank then you can choose your own account number.

RBL Bank Offers 3 Variants Of Bank Accounts.

- Prime Edge Savings Account
- Advantage Savings Account
- Basic Savings Account

****[Click here Learn More And Open Savings Accounts With RBL Bank](https://rblbank.page.link/y69Q)****

| Minimum Average Balance (MAB) | ₹ 0 to ₹ 25,000 (Depending on Variant) |
|---|---|
| Interest Rate | Up to 1 Lac - 5.00% From 1 Lac To 10 Lac - 6.00% Above 10 Lac - 6.75% |
| ATM Transaction Charge at any ATM in India | **RBL Bank ATM:** Free & Unlimited **Non-RBL Bank ATM:** For Semi-Urban & Rural: 10 Free per Month |

**Check out** - [26 How To Earn Money in India ](https://thewealthblog.in/earn-money-india/)

## Best Zero Balance Savings Bank Accounts in India

### Digibank DigiSavings Account by DBS

Features of Digibank DigiSavings Account by DBS:

- Free ATM withdrawals at DBS ATMs
- Debit card activation through the app
- Change PIN through the app
- International usage

[**Click here Learn More And Open Savings Accounts With Digibank By DBS**](https://www.dbs.com/digibank/in/banking/account/zero-balance-digisavings-account?pid=in-pweb-digi-Banking-cardtile-digibank-account-learn-more)

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | Up to 1 Lac - 4.00% From 1 Lac To 2 Lac - 7.00% From 2 Lac To 5 Lac - 5.00% Above 5 Lac - 4.00% |
| Debit Card Type | Visa Platinum |
| ATM Transaction Charge at any ATM in India | *DBS Bank ATM:* Free & Unlimited *Non-DBS Bank ATM:* Financial Transactions: 5 Free per Month, 6th onwards ₹ 20 + taxes Non Financial Transactions: 5 Free per Month, 6th onwards ₹ 8.5 + taxes |
| Annual Debit Card fees | ₹ 150 |

### IDFC Bank Savings Bank Account

IDFC Bank offers Highest interest Rates and Zero Balance Account.

[**Click Here Learn More and Open Savings Account With IDFC Bank**](https://www.idfcfirstbank.com/banking-products/accounts/savings-account.html)

1\) Zero Balance Savings Accounts with Platinum Debit Card

| Initial Funding | ₹ 250 |
|---|---|
| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
| Interest Rate | Up to 1 Lac - 6.00% From 1 Lac To 1 Cr - 7.00% |
| Debit Card Type | Visa Platinum |
| ATM Transaction Charge at any ATM in India | *IDFC FIRST Bank ATM:* Financial Transactions: 5 Free per Month, 6th onwards ₹ 20 + taxes Non Financial Transactions: Free & Unlimited Non-IDFC FIRST Bank ATM: Financial & Non-Financial Transaction: 5 Free per Month, 6th onwards ₹ 20 + taxes for Financial & ₹ 8 + taxes for Non-Financial |
| Annual Debit Card fees | ₹ 100 |

2\) Zero Balance Savings Accounts without Deliverables

| Initial Funding | ₹ 0 (Zero) |
|---|---|
| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
| Interest Rate | Up to 1 Lac - 6.00% From 1 Lac To 1 Cr - 7.00% |
| Debit Card Type | None |
| Annual Debit Card fees | None |

### RBL Bank Basic Savings Account

Features of RBL Bank Basic Savings Account:

- Zero Balance Savings Account
- Get a Free Rupay Card with a cash withdrawal limit of ₹ 50,000 for ATM & ₹ 30,000 for POS
- Free transfer of funds using NEFT & RTGS
- Take advantage of higher interest rates\*\* on your Savings Account
- Unlimited free transactions at RBL Bank's ATMs
- Access your account from any of the RBL branches across India

****[Click here Learn More And Open Savings Accounts With RBL Bank](https://www.rblbank.com/category/savings-accounts)****

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | Up to 1 Lac - 5.00% From 1 Lac To 10 Lac - 6.00% Above 10 Lac - 6.75% |
| Debit Card Type | Rupay Card |
| ATM Transaction Charge at any ATM in India | *RBL Bank ATM:* Free & Unlimited *Non-RBL Bank ATM:* For Metro & Urban: 5 Free per Month For Semi-Urban & Rural: 10 Free per Month |
| Annual Debit Card fees | Free |

## Best Savings Bank Accounts for Students in India (Non Minor)

### Digibank DigiSavings Account by DBS

As you are a student, most probably you are tech savvy. You love to do things online. Right?

Then Digibank by DBS is your best friend. It offers you high interest with a zero balance so you don't need to worry about maintaining a minimum average balance.

You can open a savings account with digibank using their mobile. You only need an aadhar card to open an account and it's instant.

Features of Digibank DigiSavings Account by DBS:

- Free ATM withdrawals at DBS ATMs
- Debit card activation through the app
- Change PIN through the app
- International usage

[**Click here Learn More And Open Savings Accounts With Digibank By DBS**](https://www.dbs.com/digibank/in/banking/account/zero-balance-digisavings-account?pid=in-pweb-digi-Banking-cardtile-digibank-account-learn-more)

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | Up to 1 Lac - 4.00% From 1 Lac To 2 Lac - 7.00% From 2 Lac To 5 Lac - 5.00% Above 5 Lac - 4.00% |
| Debit Card Type | Visa Platinum |
| ATM Transaction Charge at any ATM in India | *DBS Bank ATM:* Free & Unlimited *Non-DBS Bank ATM:* Financial Transactions: 5 Free per Month, 6th onwards ₹ 20 + taxes Non Financial Transactions: 5 Free per Month, 6th onwards ₹ 8.5 + taxes |
| Annual Debit Card fees | ₹ 150 |

### SBI Bank Savings Bank Account

SBI is most trusted and most used bank in school or college work.

In most cases, you can find SBI bank branch near your campus.

If your school/college requires you to pay fees or other things through SBI bank then you can [open a savings bank account with sbi bank](https://thewealthblog.in/can-i-pay-rent-to-my-parents-to-claim-hra-and-save-tax/).

[**Click here Learn More And Open Savings Accounts With SBI Bank**](https://sbi.co.in/web/personal-banking/accounts/saving-account)

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | 2.75% |
| Debit Card Type | Classic sbiINTOUCH Tap and Go Debit Card |
| ATM Transaction Charge at any ATM in India | *SBI Bank ATM:* 5 Free per Month *Non-SBI Bank ATM:* For Metro: 3 Free per Month For Others: 5 Free per Month |
| Annual Debit Card fees | *Classic:* ₹ 125 *sbiINTOUCH Tap and Go Debit Card:* ₹ 175 |

### RBL Bank Basic Savings Account

Features of RBL Bank Basic Savings Account:

- Zero Balance Savings Account
- Get a Free Rupay Card with a cash withdrawal limit of ₹ 50,000 for ATM & ₹ 30,000 for POS
- Free transfer of funds using NEFT & RTGS
- Take advantage of higher interest rates on your Savings Account
- Unlimited free transactions at RBL Bank's ATMs
- Access your account from any of the RBL branches across India

**[Click here Learn More And Open Savings Accounts With RBL Bank](https://www.rblbank.com/category/savings-accounts)**

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | Up to 1 Lac - 5.00% From 1 Lac To 10 Lac - 6.00% Above 10 Lac - 6.75% |
| Debit Card Type | Rupay Card |
| ATM Transaction Charge at any ATM in India | *RBL Bank ATM:* Free & Unlimited *Non-RBL Bank ATM:* For Metro & Urban: 5 Free per Month For Semi-Urban & Rural: 10 Free per Month |
| Annual Debit Card fees | Free |

**Check out** - [How To Save Income Tax on Salary](https://thewealthblog.in/save-income-tax-salary/)

## Best Digital Savings Bank Accounts / Payments Bank in India

### PayTM Payments Bank

Features of PayTM Payments Bank Savings Account:

- No account fees and charges
- Rupay Debit Card
- Real time updated Passbook
- Free insurance cover of upto Rs. 2 lacs (With Physical Debit card)

[**Click Here Open Savings Account With PayTM Payments Bank**](https://www.paytmbank.com/home)

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | 3.00% |
| Debit Card Type | Digital Card Physical Card |
| ATM Transaction Charge at any ATM in India | *Paytm Payments Bank ATM:* Free & Unlimited *Other Bank ATM:* For Metro: 3 Free per Month For Semi-Urban & Rural: 5 Free per Month |
| Annual Debit Card fees | Digital Card - Free Physical Card - ₹150 |

### Airtel Payments Bank

Features of Airtel Payments Bank Savings Account:

- Easy accessibility with over 5 Lac banking points
- An annual interest rate of 3%
- Free personal accident insurance cover of Rs. 1 Lac
- No minimum balance requirement
- Virtual Debit Card

**[Click Here Open Savings Account With Airtel Payments Bank](https://www.airtel.in/bank/products/savings-account)**

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | 3.00% |
| Debit Card Type | Digital Card |
| ATM Transaction Charge at any ATM in India | For Up to ₹ 10000 Per Month - Free Above ₹ 10000 - 0.65% of withdrawal amount |
| Annual Debit Card fees | Digital Card - Free |

### India Post Payments Bank

**[Click Here Open Savings Account With IndiaPost Payments Bank](https://www.ippbonline.com/web/ippb/saving-account)**

| Minimum Average Balance (MAB) | ₹ 0 (Zero) |
|---|---|
| Interest Rate | 3.00% |
| Debit Card Type | None |

## Savings Account Interest Rate Comparison 

| Bank | Below Rs. 1 Lac | Above Rs. 1 Lac |
|---|---|---|
| Axis Bank | 3.50% | 3.50% |
| Airtel Payments Bank | 3.00% | - |
| Bank of Baroda | 3.25% | 3.00% |
| Bandhan Bank | 4.00% | 6.00% |
| Citi Bank | 3.25% | 3.25% |
| Digibank by DBS | 4.00% | 7.00% |
| HDFC Bank | 3.25% | 3.25% |
| ICICI Bank | 3.25% | 3.25% |
| IndusInd Bank | 4.00% | 5.00% |
| IDFC Bank | 6.00% | 7.00% |
| Kotak Mahindra Bank | 4.00% | 5.00% |
| Paytm Payment Bank | 3.00% | - |
| RBL Bank | 5.00% | 6.00% |
| State Bank of India | 2.75% | 2.75% |
| Yes Bank | 5.00% | 6.00% |

\*as of april 2020## Conclusion

So these are the best savings bank accounts in India.

Comment down in which bank you are going to open your savings account.

Let me know if you have any question.