10 Banks with Highest Interest Rates in India
7. Axis Bank
Savings Account Interest Rate: 4.00 percent p.a.
Axis bank provides 4.00 percent interest per annum and the customers can avail the services with a minimum quarterly average balance of 
10, 000 in metro or urban centers, 5, 000 in semi urban centers and 2, 500 in rural centers.
As on the year ended 31 March 2012, Axis Bank had operating revenue of 134.37 billion and a net profit of 42.42 billion. Axis Bank opened its registered office in Ahmedabad and corporate office in Mumbai in December 1993. The Bank, as on 31 March 2012, is capitalized to the extent of 4.132 billion with the public holding at 54.08 percent.
8. HDFC Bank
Savings Account Interest Rate: 4.00 percent p.a.
For the fiscal year 2011-12, the bank has reported net profit of 5, 167.07 crore i.e. $940.41 million, which is higher by 31.6 percent from the previous fiscal. The interest on a savings account is paid at 4.00 percent p.a. on a daily end of day balance, w.e.f. May 3, 2011.
HDFC Bank is an Indian financial services company based in Mumbai, Maharashtra that was incorporated in August 1994. HDFC Bank is the fifth or sixth largest bank in India by assets and the first largest bank by market capitalization as of November 1, 2012.
