10 Banks with Highest Interest Rates in India
By SiliconIndia
9. Punjab National Bank Savings Account Interest Rate: 4.00 percent p.a.
The savings account interest rate provided by Punjab national bank is 4.00 percent per annum. Customers having domestic term deposits less than Rs.1 crore for a period of 1 year will be provided 9.00 percent interest rate. The bank's total assets for financial year 2007 was, about $60 billion. PNB has a banking subsidiary in the UK, as well as branches in Hong Kong, Dubai and Kabul, and representative offices in Almaty, Dubai, Oslo, and Shanghai.
10. IDBI Bank Savings Account Interest Rate: 4.00 percent p.a.
The interest on a savings account is paid at 4.00 percent p.a. on a daily end of day balance, w.e.f. May 3, 2011. IDBI Bank is owned by the Indian Government and is on a par with nationalized banks and the SBI Group as far as government ownership is concerned. It is one among the 26 commercial banks owned by the Government of India. The Bank has an aggregate balance sheet size of Rs.2908.37 billion as on 31 March 2012.
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