With the onset of the COVID-19 pandemic, Bank interest rate on saving accounts has been going down. But there are some banks who are giving more interest rates than others. However, the most surprising part is that out of top 10 list, State Bank of India (SBI) does not even figure in it. IDBI and Canara Bank hold top two positions in the top 10 list.
IDBI Bank Interest Rate on Saving Account
IDBI Bank is giving 3% to 3.5% return on the saving account, which is highest among the public sector banks operating in India.
The IDBI website says that IDBI Bank interest rate on saving account (with effect from 21st September 2020), saving balance up to Rs 25 lakh will fetch 3% bank interest rate.
Saving balance above Rs 25 lakh and below Rs 50 lakh will getch 3% interest.
Saving balance of Rs 50 lakh and above will fetch 3.5% bank interest rate.
Canara Bank Interest Rates on Savings
A saving account holder will get bank interest rate from 2.9% to 3.2%.
For outstanding…