If you're looking for a safe place to park your money and earn some interest, a savings account in an Indian bank could be a good option. In this article, we'll take a look at the top 5 Indian banks for savings accounts, along with their CEO names, interest rates, and benefits.
State Bank of India (SBI)
- CEO: Dinesh Khara
- Interest rate: 2.70% p.a. for deposits up to Rs. 1 lakh; 2.70% p.a. for deposits above Rs. 1 lakh and up to Rs. 10 crore
Benefits:
SBI offers a range of savings accounts to suit different needs, such as basic savings account, digital savings account, and premium savings account. You can access your account through SBI's net banking portal, mobile app, or branch network. SBI also provides debit cards and credit cards with its savings accounts.
HDFC Bank
- CEO: Sashidhar Jagdishan
- Interest rate: 2.50% p.a. for deposits up to Rs. 50 lakh; 3.00% p.a. for deposits above Rs. 50 lakh and up to Rs. 10 crore
Benefits:
HDFC Bank's savings accounts come with features like free net banking, mobile banking, and phone banking. You can also get a debit card and a credit card with your account. HDFC Bank has a wide network of branches and ATMs across India.
ICICI Bank
- CEO: Sandeep Bakhshi
- Interest rate: 2.50% p.a. for deposits up to Rs. 50 lakh; 3.00% p.a. for deposits above Rs. 50 lakh and up to Rs. 2 crore
Benefits:
ICICI Bank's savings accounts offer convenient access through net banking, mobile banking, and a network of branches and ATMs. You can also get a debit card and a credit card with your account. ICICI Bank offers a range of savings accounts with different features, such as zero balance account, senior citizen account, and women's account.
Axis Bank
- CEO: Amitabh Chaudhry
- Interest rate: 2.50% p.a. for deposits up to Rs. 50 lakh; 3.00% p.a. for deposits above Rs. 50 lakh and up to Rs. 5 crore
Benefits:
Axis Bank's savings accounts come with features like free internet banking, mobile banking, and phone banking. You can also get a debit card and a credit card with your account. Axis Bank offers a range of savings accounts with different features, such as easy access account, prime savings account, and future stars savings account for children.
Kotak Mahindra Bank
- CEO: Uday Kotak
- Interest rate: 3.00% p.a. for deposits up to Rs. 1 lakh; 3.50% p.a. for deposits above Rs. 1 lakh and up to Rs. 1 crore
Benefits:
Kotak Mahindra Bank's savings accounts offer easy access through net banking, mobile banking, and a network of branches and ATMs. You can also get a debit card and a credit card with your account. Kotak Mahindra Bank offers a range of savings accounts with different features, such as junior account, grand savings program, and silversave account for senior citizens.
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