Savings Account with Highest Interest Rate in India 2026
9 min read6 March 2026
Financial Disclaimer
Disclaimer: This information is for educational purposes only. Always consult a certified financial advisor before making any financial decision.
Make Your Savings Work Harder
Most big banks (SBI, HDFC, ICICI) offer just 2.7%-3.5% on savings accounts. But smaller banks and small finance banks offer up to 7.25% — more than double. All savings accounts up to ₹5 Lakh are insured by DICGC, so the risk is minimal.
Interest Rate Comparison 2026
| Bank | Interest Rate | Min Balance | Type |
|---|---|---|---|
| AU Small Finance Bank | 7.25% | ₹25,000 | Small Finance |
| Equitas Small Finance | 7.00% | ₹5,000 | Small Finance |
| Ujjivan Small Finance | 7.00% | ₹1,000 | Small Finance |
| IDFC First Bank | 6.00% | ₹10,000 | Private |
| DCB Bank | 6.00% | ₹5,000 | Private |
| Kotak Mahindra | 4.00% | ₹10,000 | Private |
| HDFC Bank | 3.50% | ₹10,000 | Private |
| ICICI Bank | 3.00% | ₹10,000 | Private |
| SBI | 2.70% | ₹3,000 | Public |
Is It Safe?
Yes. All deposits up to ₹5 Lakh per bank are insured by DICGC (a subsidiary of RBI). You can spread money across multiple banks to increase coverage. Small finance banks follow the same RBI regulations as big banks.