A savings account is a basic bank account that lets you earn interest on your deposited funds. Banks in India offer options to open a savings account online or offline. You can conveniently log on to the bank’s official website and apply for a savings account without visiting a branch in person. It not only saves your time and effort but also helps the bank to process your application with ease and convenience.
However, before applying, you need to research and find the best bank offering a savings account with high bank interest rates to grow your wealth. The article below lists banks in India offering the best savings account.
Five best banks to open a savings bank account in 2022
Along with high bank interest rates and services, you also need to consider the ease of application and documents required to open a bank account. Following are the best online savings accounts that you can consider opening in 2022.
1.IDFC FIRST Bank Online Savings Account
Because your savings comes first, IDFC FIRST Bank offers interest up to 6% per annum and monthly interest credits. In addition, the process is completely paperless, including video KYC, where you need to interact with the banking professional to open your account. You can apply for an IDFC FIRST Bank savings account online by visiting IDFC FIRST Bank website downloading the mobile banking app.
2.RBL Digital Savings Account
You can open an RBL Digital Savings Account using your PAN and Aadhaar card. The bank offers an interest of up to 4.25% per annum and an array of digital payment services like NEFT, RTGS, and IMPS. The savings account comes with no account maintenance charges. To apply for an RBL Digital Savings Account, you must log on to the official portal of RBL or download its mobile banking app.
3.Yes Bank Savings Value Account
Yes Bank Savings Value Account can be opened online as well as offline. You only need to submit your PAN card, Aadhaar card, address proof, active mobile number, and email ID. The bank offers an interest rate of 4%, and you can use various payment services like RTGS, NEFT, IMPS and UPI without any charges. In addition, you can also avail of free transactions at any YES Bank ATMs.
4.IndusInd Online Savings Account
IndusInd Bank is known for its banking services and decent interest rates of up to 4%. Online savings account by IndusInd bank comes with no account maintenance fee. It is a zero-balance savings account, so you don’t have to worry about fall-below charges. In addition, the bank offers NEFT, RTGS, IMPS and UPI payments for convenient online fund transfers.
5.DBS DigiBank Savings Account
The Digibank savings account can be opened digitally within minutes. You can use your Aadhaar and PAN card to apply for a DBS DigiBank savings account. The bank offers an interest rate of 3.25% per annum on the funds and round-the-clock payment services through UPI, RTGS, NEFT, and IMPS. Visit the official portal of DBS bank or download its mobile application to apply for an account online.Opening a savings bank account has become easier with digital banking services. You can conveniently choose your preferred bank and visit its official portal to apply online from the comfort of your home. Moreover, if you do not wish to maintain any balances in your account, you can opt for a zero-balance account. The above list can help you choose the best online account per your requirements.