Compare Savings Accounts in India — Interest & Minimum Balance
Visual comparison of Indian savings accounts by interest rate and minimum balance, with popular bank-vs-bank matchups.
Products tracked
8
Providers
8
Average savings interest rate
3.59%
Highest savings interest rate
4.50%
Highest savings interest rate
Longer bar is higher. Ranked on one metric only — compare the full picture before deciding.
Market coverage by provider
- HDFC Bank1
- Kotak1
- State Bank Of India1
- ICICI Bank1
- Axis Bank1
- IDFC FIRST1
- Yes Bank1
- Others1
How savings interest rate is spread
Number of products in each range, from 2.70% to 4.50%.
Popular head-to-head comparisons
What to compare in banking
Interest rate
Rates often vary by balance slab; check the rate on the balance you usually keep.
Minimum balance
Missing the average balance can trigger charges that cancel out extra interest.
Digital experience
App quality, UPI limits and instant transfers matter for everyday banking.
Charges
Debit card fees, cash-withdrawal limits and branch charges add up over a year.
Frequently asked questions
Is a higher savings interest rate always better?
Only if you meet the balance slab and minimum-balance rules; otherwise charges can outweigh the extra interest.
Are deposits in savings accounts protected?
Deposits in banks are insured by DICGC up to ₹5 lakh per depositor per bank, across eligible deposit types.
Other comparison guides
MoneyMust is an independent research platform, not a broker or advisor. Rankings use a single published metric for illustration; verify current terms with each provider.