Earn More Than 6% P.A | 5 High Interest Savings Accounts In India

5 High-Interest Savings Accounts

Recently one of my friends was looking for the best high-interest savings accounts option. where he could earn more than 6% Interest.

So ”which account can give us this high interest on our savings?

After a quick research, we found that there are almost 15+ savings accounts available with more than 6% interest. But most of them are having conditions.

Here I’m sharing a small list of 5 best high-interest savings accounts with more than 6% interest annually.

high interest savings accounts india

Kotak Mahindra Jifi Sever Savings Account

Kotak Mahindra Bank is one of the popular private sector banks in India. The Bank has offered many services to its customer’s included Savings Accounts, Fixed Deposits, Credit Cards, Insurance, and many other Investment options.

Account Benefits :

  • You will earn up to 6% P.A interest on your saving account balance. (Min balance required 10,000/-)
  • Get free JIFI Platinum Chip Debit Card for the first year ( Fee 149/- from 2nd year onwards)
  • Extra Transaction Rewards Points for all purchase transactions done via Jifi Platinum Debit card.
  • You can use Hashtag Banking for Mobile & DTH recharge, account updates, cheque book request and many more account activities.
  • You can keep track of your expenses with a Kotak MoneyWatch Platinum.
  • Use Kotak ActivMoney feature for converts your saving account balance into Term Deposits, so you earn a higher rate of interest. (Earn 7.25% P.A)
  • No charges for a host of online transactions
  • Use Free Net Banking, Phone Banking & NEFT

Kotak Mahindra Silk EDGE Account

Kotak Mahindra Silk Edge is a women savings account. This account offers some extra advantages to the account holders.

Account Benefits :

  • For saving account average monthly balance is Rs. 10,000/-.
  • You will earn up to 6% interest on your savings account balance.
  • Get free access to all domestic VISA ATMs, up to five transactions per month
  • Get free Classic Debit card with the enhanced daily purchase limit of Rs. 150000/- and daily ATM cash withdrawal limit of Rs. 50,000/-.
  • Free cheque book.(up to 25 leaves per quarter)
  • Avail free Phone Banking, Net Banking and Mobile Banking  and NEFT (only through Net Banking)
  • Free cash withdrawals at Kotak Bank ATMs
  • Use Kotak ActivMoney feature to converts your savings account balance into Term Deposits, so you earn a higher rate of interest of 7.10% P.A.

Yes Bank Savings Advantage

The Yes Bank is in the top 10 Private sector banks in India.In last few years, Yes Bank has grown its customer base.Saving Advantage is the most featured saving account offered by Yes Bank.

Account Benefits :

  • You will earn a high-interest rate of 6% PA on your saving account balance.
  • Get unlimited access to all banks ATM across the country.
  • Get free silver debit card & Cheque Book.
  • Avail free Net Banking, Phone Banking & NEFT services.
  • For account opening required minimum balance is 10,000 for Metro & Urban Areas & 5,000/- for Semi Urben and Rural Areas.

IndusInd Bank Privilege Active Account

IndusInd Bank Privilege Active Account is good for your daily savings to need. This account comes with Zero min balance feature. And for maintaining Zero account you will have to make a transaction per month with the minimum value of Rs. 2,500 or more.

Account Benefits:

  • Get Platinum Debit Card with a host of benefits (Insurance Cover & lost card liability)
  • Avail unlimited other Bank ATM Withdrawals in India & 1 international ATM withdrawal free per month.
  • Free Internet and Mobile Banking service with free funds transfer through NEFT & RTGS.
  • Daily Cash Withdrawl limits on ATM with Platinum Card is Rs 1,00,000/-
  • Get 2 Free Cheque Book per quarter (30 leaves each)
  • For the opening account, you will have to deposit a cheque of Rs 11200/- which you can withdraw later after activating your Account.

RBL Bank Advantage Savings Account

The Ratnakar Bank Limited is offering the best interest on savings accounts. RBL Advantage account can give you up to 7.10% annual interest on your savings.

Account Benefits :

  • You have the freedom to choose your Account Number. (Choose your DOB as your Account no.)
  • You can earn up to 7.10% P.A on your savings. (Take advantage of Higher Interest Rate)
  • Get free accidental death cover of Rs 5 Lakhs.
  • Avail unlimited free access to all ATMs across the country.
  • Free Payable at Par Cheque Book and Demand Drafts
  • Free NEFT & RTGS, Net Banking & Phone Banking services.
  • Get free outstation Cheque collections & Cash Transaction at the Branches.
  • Avail daily cash withdrawal limit of 1 Lakh and daily shopping limit of RS 2 Lakh through Debit Card.
  • Get Insurance benefits of Up to 12.5 Lac with your savings account.
  • For account average balance requirment is Rs 10,000/-.

Bandhan Bank Special Savings Account

Recently licensed the Bandhan bank is also having some attractive options to save your money. With Special Saving Account bank is offering you ROI of more than 5.10% P.A.

Account Benefits :

  • You can avail free Internet Banking, Mobile Banking, Phone Banking & NEFT services.
  • Get lifetime free Debit Card & Multi-City At-Par payable Cheque Book.(1 Cheque Book of 20 leaves per quarter )
  • Free Pass Book/ Statement of Account
  • Avail free Cash/ Cheque Pick up & drop facility (Only 1 per month free)
  • Low Average Quarterly Balance requirement of Rs 5000/-.
  • Free Cash withdrawal at other Bank ATMs across the country.

BMB Silver Savings

The Bharatiya Mahila Bank is the first bank in the country dedicated to women’s. And Silver Savings account is a good option with 5% P.A interest.

Account Benefits:

  • For account opening minimum balance, requirement is Rs 10,000/-
  • You will earn interest of 4.5% p.a. Up to Rs.1,00,000/-, and 5% p.a.- on entire balance if exceeds Rs.1,00,000/- on daily basis
  • Avail Free RTGS/NEFT/Bankers Cheque
  • Get Debit Cum ATM card free for the first year only.
  • Get free 50 personalized cheques leaves in a year
  • 25% discount on processing charges for all retail loan to customers whose accounts are minimum six months old.

These are the only a few accounts from the big list. but if you are looking for the best one then you can choose any account from this.

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Jitender Sharma

Jitender is a finance geek with more than 10 years experience in Credit Cards, Savings, & Loans. He is a Co-founder of FoundersBuzz a digital branding platform for small business and startups. And also managing 4BizSolutions one of the best Small Business Blogs in India.

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