Private sector lender South Indian Bank revised its savings account rates on June 21, 2022. In line with the revision, the bank now offers interest rates ranging from 2.50% to 4.50% per annum , which is much higher than the rates offered on savings. accounts with other major banks. Currently, SBI offers an annual interest rate of 2.70% on savings accounts, while HDFC, Axis Bank and ICICI Bank offer rates between 3.00 and 3.50%. According to this interest rate comparison, South Indian Bank customers who open savings accounts will receive a maximum rate of 4.50%.
Bombay and JAIPUR, India, December 24, 2021 /PRNewswire/ — In this festive season, AU Small Finance Bank is announcing a host of features and benefits for its NRI customers with AU Royale World, a premium banking and lifestyle proposition. Amid the coronavirus pandemic, as guests have cautiously begun to leave with all necessary precautions in […]
While other banks are looking to increase their savings rates, is the Westpac Life Savings Account for Under 30s still competitive? The Westpac Life Savings Account for under 30s has been offering an industry leading bonus rate of up to 3.00% per annum for over a year. However, due to a second rate cut today, […]
IDFC Interest Rates: IDFC First Bank revises savings account interest rates: check to earn 6% of the amount you need to invest
IDFC First Bank has revised interest rates on its savings accounts, effective May 1, 2022. Interest on savings accounts will be calculated on a phased basis for IDFC First Bank customers. According to the bank’s website, for savings account balances up to Rs 10 lakh, the interest rate that can be earned is 4%. Those […]