As of August 2025, the answer to which bank gives highest interest rate on savings account in India is Suryoday Small Finance Bank, offering 7.50% per annum on balances between ₹10 lakh to ₹2 crore. Close competitors include Utkarsh Small Finance Bank, Ujjivan Small Finance Bank, and SBM Bank India, each providing 7.00%–7.25% depending on balance slabs. DCB Bank also stands strong with up to 7.15% interest on balances above ₹50 lakh. For balances below ₹5 lakh, most top private banks like HDFC, ICICI, and Axis hover around 3%, while public sector banks remain at just 2.7%–3%.
This is the latest verified data, giving you clarity on exactly which bank gives highest interest rate on savings account in India right now.
What: Which Bank Gives Highest Interest Rate on Savings Account in India?
- Suryoday Small Finance Bank – 7.50% (₹10 lakh – ₹2 crore)
- SBM Bank India – 7.25% (₹50 lakh – ₹3 crore)
- Ujjivan Small Finance Bank – 7.25% (above ₹50 lakh)
- Utkarsh Small Finance Bank – 7.25% (₹10 lakh – ₹10 crore)
- DCB Bank – 7.15% (₹50 lakh – ₹1 crore)
- AU Small Finance Bank – 7.00% (₹10 lakh – ₹25 lakh)
So if you’re asking which bank gives highest interest rate on savings account in India, the clear leader is Suryoday Small Finance Bank, followed closely by these other names.
Which, Where, Who, Whom – Best Options for You
- Which: Small Finance Banks (SFBs) like Suryoday, Utkarsh, and Ujjivan offer the highest returns compared to regular private and public sector banks.
- Where: These banks are now available nationwide with branches + full digital banking apps. You can open accounts online.
- Who & Whom: Perfect for retirees, HNIs (High Net-Worth Individuals), salaried professionals, and even students or young savers looking for better yield.
- Whose rates are better: Clearly, small finance banks beat giants like SBI, HDFC, or ICICI if interest income is your goal.
So, when someone asks which bank gives highest interest rate on savings account in India, the answer depends on your balance range and your financial goals.
Why Do Banks Offer Different Rates?
One big question people ask is why do banks differ in savings interest rates?
- Public sector banks (like SBI, PNB) keep it low, around 2.7%–3%, because they already have huge customer bases.
- Private banks (like HDFC, ICICI, Axis) hover around 3%–4%.
- Small finance banks & niche private banks compete harder for customers, so they offer 7%+ to attract depositors.
That’s exactly why which bank gives highest interest rate on savings account in India keeps changing over time—banks adjust rates based on competition and RBI guidelines.
Whether, How, Must-Try Tips
- Whether to switch banks? Yes, if your balances are consistently high (above ₹5–10 lakh), it makes sense to move to a higher-rate bank.
- How to open? Most banks now offer instant digital account opening with just your Aadhaar, PAN, and mobile number.
- Must-try tip: Don’t just look at the rate—check for hidden charges, withdrawal penalties, free ATM access, sweep-in FD options, and service quality.
If you only chase the headline rate, you may miss the real benefits.
Must Know: Safety & Risks
- RBI regulated: All banks here are under RBI, so your deposits are safe.
- Insurance: Balances up to ₹5 lakh per bank are insured by DICGC.
- Risk factor: High rates often apply only on bigger balances, and they may change anytime. Always confirm before moving funds.
- Small Finance Banks are generally safe, but always check long-term financial health before placing very large deposits.
So, if you ask which bank gives highest interest rate on savings account in India, don’t just see the percentage—check stability, safety, and services too.
Table: Top Savings Account Interest Rates – India, August 2025
| Bank Name | Max Interest Rate (p.a.) | Balance Range for Max Rate |
|---|---|---|
| Suryoday Small Finance Bank | 7.50% | ₹10 lakh – ₹2 crore |
| SBM Bank India | 7.25% | ₹50 lakh – ₹3 crore |
| Ujjivan Small Finance Bank | 7.25% | Above ₹50 lakh |
| Utkarsh Small Finance Bank | 7.25% | ₹10 lakh – ₹10 crore |
| DCB Bank | 7.15% | ₹50 lakh – ₹1 crore |
| AU Small Finance Bank | 7.00% | ₹10 lakh – ₹25 lakh |
Capital Gurukul – Why Learning With Us Is More Important Than Just Chasing Bank Rates
At Capital Gurukul, we don’t just tell you which bank gives highest interest rate on savings account in India—we show you how to multiply your money beyond savings accounts.
- Savings accounts give you 7% at best, but with proper trading & investing knowledge, you can earn 15%–25% annually.
- If you don’t learn with us, you risk losing potential profits every year.
- We train you to become financially independent, whether you want to learn trading, investing, or even become a sub-broker to build your own business.
- Remember: Not learning finance costs more than any bank’s low interest rate.
This is why Capital Gurukul stands superior to others—we don’t just share updates; we teach, guide, and empower you to grow wealth smartly.
Final Call to Action
If you are still thinking only about which bank gives highest interest rate on savings account in India, you’re missing the bigger picture. Savings rates are temporary, but financial knowledge stays forever.
👉 Open your Demat Account with Capital Gurukul today and get access to our financial services, training, and expert guidance.