Saving Bank Account: After the Russia-Ukraine war and the Corona epidemic, there is a period of upheaval in the market. People had a lot of expectations from LIC’s IPO, but since the listing of IPO, investors have suffered huge losses.
In such a situation, people are now preferring to save in the bank and deposit money in FD instead of investing related to market risks.
In the month of May and June, the Reserve Bank of India has decided to increase the repo rate twice. Overall, RBI has increased the repo rate by 0.90 percent. Since then, many banks have decided to increase their savings accounts and FDs. So let us tell you about some banks which are offering you the highest interest rate on savings account.
RBL Bank is offering an interest rate of around 6 percent on the savings account. You have to maintain a minimum balance of at least 5,000 in this bank.
IDFC First Bank is also offering its customers an interest rate of 6 percent on savings bank accounts. You have to maintain a minimum balance of at least Rs 10,000 in this account.
DCB Bank is offering an interest rate of 6.75 percent to its customers. You have to maintain a minimum balance of Rs 5,000 in DCB bank account.
At the same time, Yes Bank gives an interest rate of 5 percent to its customers on the savings bank account. You have to maintain a minimum balance of Rs 25,000 on this account.