10 Banks with Highest Interest Rates in India

3. IndusInd Bank

Savings Account Interest Rate: 5.50 percent

IndusInd Bank offers 5.5 per cent for below 1 lakh and 6 per cent above 1 lakh savings account deposits. . Indusind Bank is the first among the new-generation private banks in India. IndusInd Bank Limited is a Mumbai based India new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services. Indusind Bank was incorporated in April 1994 by Dr. Manmohan Singh the then Union Finance Minister.

4. Citibank

Savings Account Interest Rate: 7.25 percent

Citibank provides 7.25 percent interest on amount below 15 Lakhs kept for tenure of 271 to 364 days. The average monthly relationship value requirement for this account is 2 Lakhs, which includes balances across savings, term deposits, investments, insurance, outstanding principal on home loan and Citibank Demat Account. But it is important to keep in mind that interest rates are subject to change. Citibank, one of the major international banks, is the consumer banking arm of financial services giant Citigroup.

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