Banking · Savings
Savings Account Comparison
Compare savings accounts on interest, average monthly balance, fees, insurance, and digital features. India-first catalog with other countries. Educational estimates, not a bank quote or financial advice.
Best Savings Accounts — Compare Rates, Fees & Benefits
Side-by-side comparison of savings accounts so you can pick the best mix of interest, low fees, accessibility, insurance, and digital banking for your situation.
Compare savings accounts
India · Interest % p.a. · DICGC insurance · select banks below
Default: India
For interest estimator (INR)
Select banks to compare (12 of 12)
Quick filters
Showing 12 account(s)
Your balance
₹1,00,000
Best rate in view
Up to 4.50%+ p.a.
Est. annual interest (best)
₹4,500
Estimates use simple interest (balance × rate). Actual earnings vary with compounding, balance changes, and bank terms.
Savings account comparison table
Scroll horizontally on mobile · sticky header on desktop · click a row for details
| Compare | Bank / account | Type | Interest % p.a. | Min open | Min balance | Monthly fee | ATM | Digital | Insurance | Est. interest on ₹1,00,000 | Updated |
|---|---|---|---|---|---|---|---|---|---|---|---|
Best Rate No Minimum Balance No Monthly Fee Best for Beginners | Digital / Online | Up to 4.50%+ p.a. Best in view | ₹0 | ₹0 Zero balance (digital variant) | ₹0No monthly fee* | AU + partner; growing network |
| DICGC up to ₹5 lakh | ₹4,500 → ₹1,04,500 | 2026-08-01 | |
Best Rate Best ATM Access No Monthly Fee | Regular Savings | Up to 4.00%+ p.a. | ₹10,000 | ₹10,000 AMB ₹10,000 (standard; zero-balance variants exist) | ₹0No monthly fee* | IDFC FIRST + partner network; free other-bank ATM (limits apply) |
| DICGC up to ₹5 lakh | ₹4,000 → ₹1,04,000 | 2026-08-01 | |
Best for High Balances | Premium / Priority | Up to 3.50%+ p.a. | ₹10,000 | ₹10,000 AMB ₹10,000+ | ₹0No monthly fee* | IndusInd + partners |
| DICGC up to ₹5 lakh | ₹3,500 → ₹1,03,500 | 2026-08-01 | |
No Minimum Balance No Monthly Fee Best for Beginners Best Rate | Digital / Online | Up to 3.50%+ p.a. | ₹0 | ₹0 Zero balance (811 basic variant) | ₹0No monthly fee* | Kotak + partner ATMs; digital-first |
| DICGC up to ₹5 lakh | ₹3,500 → ₹1,03,500 | 2026-08-01 | |
No Monthly Fee | Digital / Online | Up to 3.50% p.a. | ₹2,500 | ₹2,500 AMB from ₹2,500 (variant-dependent) | ₹0No monthly fee* | Yes Bank + partner ATMs |
| DICGC up to ₹5 lakh | ₹3,500 → ₹1,03,500 | 2026-08-01 | |
| Regular Savings | 3.00% p.a. | ₹10,000 | ₹10,000 AMB ₹10,000 (Easy) | ₹0No monthly fee* | Axis + partner ATMs |
| DICGC up to ₹5 lakh | ₹3,000 → ₹1,03,000 | 2026-08-01 | ||
No Monthly Fee | Regular Savings | 3.00% p.a. | ₹3,000 | ₹3,000 AMB ₹3,000 (approx.) | ₹0No monthly fee* | Federal + partner ATMs |
| DICGC up to ₹5 lakh | ₹3,000 → ₹1,03,000 | 2026-08-01 | |
Best Digital Banking | Regular Savings | 3.00% p.a. | ₹10,000 | ₹10,000 AMB ₹10,000 (Regular; variants differ) | ₹0No monthly fee* | Wide HDFC + partner ATM network |
| DICGC up to ₹5 lakh | ₹3,000 → ₹1,03,000 | 2026-08-01 | |
Best Digital Banking | Regular Savings | 3.00% p.a. | ₹10,000 | ₹10,000 AMB ₹10,000 (Regular metro) | ₹0No monthly fee* | ICICI + partner ATMs; strong metro coverage |
| DICGC up to ₹5 lakh | ₹3,000 → ₹1,03,000 | 2026-08-01 | |
Best for Beginners | Regular Savings | 2.75% p.a. | ₹500 | ₹2,000 AMB ₹2,000 (urban; lower in rural) | ₹0No monthly fee* | BoB + NFS network |
| DICGC up to ₹5 lakh | ₹2,750 → ₹1,02,750 | 2026-08-01 | |
| Regular Savings | 2.70% p.a. | ₹500 | ₹2,000 AMB ₹2,000 (approx. urban) | ₹0No monthly fee* | PNB + NFS |
| DICGC up to ₹5 lakh | ₹2,700 → ₹1,02,700 | 2026-08-01 | ||
Best ATM Access | Regular Savings | 2.70% p.a. | ₹500 | ₹3,000 AMB ₹3,000 (metro/urban; lower in semi-urban/rural) | ₹0No monthly fee* | Largest SBI ATM + debit network; free own-bank ATMs |
| DICGC up to ₹5 lakh | ₹2,700 → ₹1,02,700 | 2026-08-01 |
* “No monthly fee” means no fixed maintenance fee in this snapshot; non-maintenance / service charges may still apply if balance rules are missed.
How to choose a savings account
Quick guide for India
What to prioritise
- Interest rate vs how much you actually keep in the account
- Average monthly balance (AMB) / minimum balance you can maintain
- Hidden charges: SMS, debit card, non-maintenance, ATM beyond free limit
- Digital features: UPI, app quality, net banking (India)
- Branch / ATM access if you need cash often
- DICGC deposit insurance limits
Interest rate vs APY
Indian banks quote savings interest as % p.a., usually calculated on daily balances and credited quarterly. Compounding and slab structures mean realised yield can differ slightly from the headline rate. Always check the bank’s interest rate circular.
Fees to watch
- Monthly maintenance / non-maintenance of AMB
- Other-bank ATM withdrawals beyond free quota
- Debit card annual fee, cheque book, SMS packs
- Minimum balance penalties that erase interest gains
Frequently asked questions
Is my savings account money insured in India? ▾
Deposits with commercial banks are covered by DICGC up to ₹5 lakh per depositor per bank (principal + interest), subject to scheme rules. Verify current limits with RBI/DICGC.
What is AMB (Average Monthly Balance)? ▾
AMB is the average of end-of-day balances over a month. Many Indian banks require a minimum AMB; falling short can trigger non-maintenance charges that wipe out interest.
Why do small finance / digital banks show higher rates? ▾
They often use tiered rates that pay more only above certain balances, or run competitive pricing to grow deposits. Always match the tier to your real balance.
Should I pick the highest interest account only? ▾
Not always. Factor AMB you can maintain, ATM needs, app quality, customer service, and salary-account bundling. A slightly lower rate with zero penalty risk can win net.
Financial disclaimer
Common questions
Is the interest rate guaranteed?
Savings rates are set by each bank and can change. Minimum balance and fee rules also vary. Confirm on the bank’s site before you open an account.
Is this financial advice?
No. FinanceControl tools are educational. Figures are estimates, not a quote, offer, or recommendation. Confirm with the provider and a qualified professional.