Updated: October 4, 2018, 7:24 AM IST
Big banks like SBI, HDFC, ICICI Bank are paying 4-6 per cent interest on their general savings account, then around 7-8 per cent on FD. (Read also: Four major banks of the country, including SBI, have made debt expensive! Now your EMI will increase
Is this bank safe? All the banks in the country run according to the Reserve Bank guidelines. In this, some small finance banks are paying interest on savings bank account like FD. (Read also: dealing with SBI dealing with 60 daily work everyday needs)
(1) Sunrise Small Finance Bank- The interest rate on deposits up to Rs 1 lakh in savings account is 6.25 percent. At the same time, the interest of Rs 1 lakh to Rs 10 lakh will be 7.25 per cent. If you deposit more than Rs 10 lakh in the account, you will get 7 percent interest. (Read also: SBI's new ATM card: Change house for free such as sitting at home, RBI orders order to discontinue old card)(2) Ujjivin Small Finance Bank- This bank is paying interest of 6.75 per cent on deposits of 50 lakh to 5 crore rupees. At the same time, it is paying 7 percent interest on deposits of more than Rs 5 crore.
(3) Equities Small Finance Bank- It is paying 6.50 per cent on deposits of Rs. 10 lakhs to 5 crore rupees. (Read also – You do not have to give the Aadhaar number! The new step taken by the government for verification)
(4) AU Small Finance Bank- Paying interest on deposits of less than 1 lakh to 10 lakhs is 6.50 percent. Deposits of more than Rs. 10 lakh will get 6.75 per cent interest.