1. State Bank of India (SBI)

  • Pros: Wide network of branches and ATMs, high interest rates, easy to open
  • Cons: Minimum balance requirement, charges for some transactions

SBI is the largest bank in India, and its savings account is a popular choice for many people. It offers a high interest rate, a wide network of branches and ATMs, and is easy to open. However, there is a minimum balance requirement, and there are charges for some transactions.

2. HDFC Bank

  • Pros:High interest rates, no minimum balance requirement, free ATM withdrawals
  • Cons: Fewer branches than SBI

HDFC Bank is a private sector bank that offers a high interest rate on its savings account. It does not have a minimum balance requirement, and it offers free ATM withdrawals at its own ATMs. However, it has fewer branches than SBI.

3.  Kotak Mahindra Bank



  • Pros: High interest rates, no minimum balance requirement, free online banking
  • Cons: Charges for some transactions

Kotak Mahindra Bank is another private sector bank that offers a high interest rate on its savings account. It does not have a minimum balance requirement, and it offers free online banking. However, there are charges for some transactions.

4. DCB Bank

  • Pros: Very high interest rates, no minimum balance requirement, free ATM withdrawals
  • Cons: Few branches and ATMs

DCB Bank is a small private sector bank that offers very high interest rates on its savings account. It does not have a minimum balance requirement, and it offers free ATM withdrawals at its own ATMs. However, it has very few branches and ATMs.

5. RBL Bank


  • Pros: Very high interest rates, no minimum balance requirement, free online banking
  • Cons: Few branches and ATMs

RBL Bank is another small private sector bank that offers very high interest rates on its savings account. It does not have a minimum balance requirement, and it offers free online banking. However, it has very few branches and ATMs.

Which savings bank account is best for you?

The best savings bank account for you will depend on your individual needs and preferences. If you are looking for a high interest rate, then DCB Bank or RBL Bank may be a good choice. If you want a bank with a wide network of branches and ATMs, then SBI or HDFC Bank may be a better option. And if you want a bank that offers free online banking, then Kotak Mahindra Bank may be a good choice.