Savings Account: Bumper interest on savings account, your saving will be double in these banks

News India Live, Digital Desk: Do you keep your money in a savings account and want it not only safe, but also grow rapidly? If yes, then this news is for you! Often people their own government or private banks Saving account Keep, where interest rates are around 2.75% to 3%. But if you want more returns on your savings, then small finance banks can be a great option for you. These banks pay much higher interest than big banks to attract customers.

Let’s know which banks are paying you the most interest on their savings account:

1. AU Small Finance Bank (AU Small Finance Bank):
This bank is giving one of the most attractive interest rates on savings account. Here on deposit of more than 10 lakh rupees Interest up to 7.25% Get At the same time, 7.00% interest on deposits ranging from 1 lakh to 10 lakh rupees and 3.75% interest on deposits up to Rs 1 lakh.

2. Equitas Small Finance Bank (Equitas Small Finance Bank):
Equitas is also giving good returns to its customers on savings account. Here on deposit above Rs 5 lakh Interest up to 7.25% Are getting. 6.75% interest on deposits ranging from 1 lakh to 5 lakh rupees and 3.50% interest on deposits up to Rs 1 lakh.

3. Sunrise Small Finance Bank (Suryoday Small Finance Bank):
Sunrise Small Finance Bank is also a great option for those who want more interest. This bank on deposit of more than 1 lakh rupees Interest up to 7.00% Giving, while there is 3.25% interest on deposits up to Rs 1 lakh.

4. Utkarsh Small Finance Bank:
Utkarsh Small Finance Bank is also giving great returns to its customers. Here on deposit above 25 lakh rupees Interest up to 7.00% Are getting.

5. Fincare Small Finance Bank:
Fincare Small Finance Bank is also known for its high interest rates. It is on an amount of more than Rs 5 lakh Interest up to 7.00% Is offering

What is the condition of big banks?
At the same time, on the other hand, the country’s largest government bank State Bank of India (SBI) Only 2.75% to 3% interest is paid to their savings account. Similarly, some big private banks also pay interest in this range.

Why is this beneficial for you?
It is important to keep in mind that these interest rates can change according to the slab of the amount deposited in your account. Interest on low balance will be low and more on more balance. However, small finance banks always provide better interest rates than big banks.

It is very important to take care of some things before investing:

• Balance slab: Make sure that you understand the interest slab received according to your deposit.

• other facilities: Not only the interest rate, you should also look at other services provided by the bank like ATM network, digital banking, customer service etc.

• Insurance: All scheduled banks in India (including small finance banks) get the insurance cover of the Deposit Insurance and Credit Guarantee Corporation (DICGC) on your deposit amount up to Rs 5 lakh, so your money is safe up to Rs 5 lakh.

• Fresh information: Interest rates can change, so before investing, go to the concerned bank website or on the branch and confirm the latest rates.

So, if you want to increase your savings in a smart way, then consider the offers of these small finance banks and get more returns on your hard earned money!

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