Compare interest rates, debit cards and the different options of the most popular savings accounts in India. Find the one that best suits your needs and apply directly online.
Compare interest rates, debit cards and the different options of the most popular savings accounts in India . » read more
Compare interest rates, debit cards and the different options of the most popular savings accounts in India. Find the one that best suits your needs and apply directly online.
» read less
Basic savings account with the facility of zero balance requirements. Apply online and get free use of the Rupay Platinum Debit Card.
Simple and easy to open savings account with SBI Debit card and 4 free transactions per month. Great flexibility in account balance.
Zero balance deposit account with free debit card, including five free withdrawals per month and all-important bank transactions.
An innovative, App based savings account with high interest rate, up to 6%. You can open it in 5 minutes with your Pan and Adhaar number.
The basic savings account from ICICI Bank, with no minimum or maximum deposit limits. It can be opened under Pradhan Mantri Jan-Dhan Yohana (PMJDY).
One of the highest interest rates of Indian savings accounts, starting at 5%. Added benefit of unlimited free withdrawals across India.
Linked with a HDFC debit card which allows purchases, online transactions and withdrawals. Also discover other more exclusive advantages.
A savings account is a bank account where you can deposit money with the bank or the financial institution and get benefit from interests on the account, additional money calculated on the account balance. A savings account is a basic banking product which lets the owner carry out everyday bank transactions, such as withdrawing money or depositing it as well as online or instore shopping.
All savings accounts have their own unique number and are linked to a debit card which you can use for these transactions. Somebody can deposit money on the account by cheque or at the bank branch.
Indian banks offer a wide range of savings products to meet different needs. You need to determine and compare the different features before making a decision.
These days, bank accounts can be easily opened online. The steps are simple. First you need to determine which account best suits your needs. Reading the details of each one covered on this site will help. Once you have made up your mind, you can click on the button ‘apply for this account’. Then you will be redirected to the application page of the relevant bank.
There, you will be asked to fill in a form including some personal information like your Pan card number and your address details. After submitting the application you will get a reply from the bank. Once accepted you will soon receive your new savings account details and you can start depositing money and using your debit card.
Some of the most important aspects to take into consideration before choosing a savings account:
Interest Rate: The interest rate is presented as a percentage and is normally calculated every four months on the account balances. The range currently marked in India is between 3% and 7%.
Debit Card: All savings accounts can be linked to a debit card which you can use for everyday payments. It is useful to compare the debit card features such as the number of free monthly withdrawals and the annual cost.
Minimum Account Balance: Some savings accounts require you to maintain a minimum balance on the account otherwise costs may be incurred. Some others offer a zero-minimum balance required, so you can benefit from more flexibility.
Maximum Account Balance: Some savings accounts accept up to a specific amount of deposits.
Other Facilities: Many savings accounts offer extra facilities like the use of internet/mobile banking or bill payment facility.
The savings accounts presented on this page are all accessible to adults 18 years or older and currently residing in India. Non-Indian resident or foreign nationals can open a NRI savings account.
If you are under 18 you need to check savings accounts for minors. Each product review page will give you more specific details regarding eligibility criteria.
