Which bank has the best interest rate for savings in India?

Savings Bank Account Interest Rates of Banks

Name of Bank	Rates of Interest (p.a.)
State Bank of India (SBI) Savings Account	2.70% p.a.
ICICI Bank Savings Account	3.00% p.a. to 3.50% p.a.
Yes Bank Savings Account	4.00% p.a. to 5.25% p.a.
Citibank Savings Account	2.50% p.a.

Which bank interest is high?

Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs.2 crore

Name of Bank	For General Citizens (p.a.)	For Senior Citizens (p.a)
State Bank of India FD	2.90% to 5.40%	3.40% to 6.20%
ICICI Bank FD	2.50% to 5.50%	3.00% to 6.30%
HDFC Bank FD	2.50% to 5.50%	3.00% to 6.25%
Punjab National Bank FD	2.90% to 5.25%	3.50% to 5.75%

Which bank gives highest interest on savings account in India 2021?

All Banks Savings Account Interest Rates December 2021

List of Savings Account Banks	Minimum Balance Required (INR)	Savings Account Interest Rates (Per Annum)
DBS Bank (Digibank)	0	3.25% – 3.75%
Federal Bank	0	Upto 4.00%
HDFC Bank	2500/5000/10000/25000	3.00% – 3.50%
HSBC Bank	2.50%

What is FD interest rate in HDFC?

HDFC Bank offers interest ranging from 2.50% to 5.50% on deposits maturing between 7 days and 10 years. These rates are effective from 1 December 2021. HDFC Bank offers interest rates from 3% to 6.25% on FDs maturing in 7 days to 10 years to senior citizens.

Which is better FD or PPF?

Both FDs and PPF offer tax benefits under Section 80C of the Income Tax Act, but PPF offers more benefits. For FDs, after 5 years of lock-in, the amount invested in FDs can be claimed for deduction up to a limit of ₹1.5 lakhs. On the other hand, PPF falls under Exempt-Exempt-Exempt (EEE) status.

What is the interest of 50000 in SBI?

State Bank of India FD Returns Based on Investment Amount