A savings account is the most basic yet essential banking product for every individual. In 2025, Indian banks are competing not just on interest rates but also on digital banking features, customer service, and value-added benefits. Whether you’re looking for higher returns, seamless online transactions, or added perks like cashback and insurance, choosing the right bank can make a big difference.
Here’s a detailed comparison of the top 10 banks in India for savings accounts in 2025.
1. State Bank of India (SBI)
- Interest Rate: 2.70% – 3.00% per annum
- Features: Wide branch and ATM network, YONO app for digital services, zero balance option for Jan Dhan accounts.
- Best For: Individuals who need reliable service and extensive branch access across India.
2. HDFC Bank
- Interest Rate: 3.00% – 3.50% per annum
- Features: NetBanking and MobileBanking, SmartHub for UPI, personal relationship managers for premium customers.
Best For: Salaried individuals and professionals who need strong digital banking and premium benefits.
3. ICICI Bank
- Interest Rate: 3.00% – 3.50% per annum
- Features: iMobile Pay app, free fund transfers via UPI/NEFT/RTGS, rewards on debit card transactions.
- Best For: Tech-savvy users who want smooth mobile banking with quick services.
4. Axis Bank
- Interest Rate: 3.00% – 3.50% per annum
- Features: Internet and mobile banking, Axis Active program with rewards, insurance coverage on premium accounts.
- Best For: Customers seeking bundled offers with lifestyle benefits.
5. Kotak Mahindra Bank
- Interest Rate: Up to 4.00% per annum (on higher balances)
- Features: 811 digital zero balance account, virtual debit card, instant account opening online.
- Best For: Students, freelancers, and young professionals preferring 100% digital banking.
6. IndusInd Bank
- Interest Rate: 3.50% – 4.00% per annum
- Features: Choice of account numbers, free ATM withdrawals nationwide, strong customer support.
- Best For: Users looking for flexibility and higher-than-average savings interest rates.
7. IDFC FIRST Bank
- Interest Rate: 4.00% – 6.75% per annum (among the highest in India)
- Features: Unlimited free transactions, high interest credited monthly, digital-first approach.
- Best For: Customers prioritizing high interest earnings and digital convenience.
8. Yes Bank
- Interest Rate: 4.00% – 5.25% per annum
- Features: YES Mobile and NetBanking, debit card rewards, easy international transactions.
- Best For: Young customers and frequent travelers who want global banking features.
9. Federal Bank
- Interest Rate: 3.00% – 4.00% per annum
- Features: UPI-enabled mobile app, NRI-friendly services, quick loan approvals linked with accounts.
- Best For: NRIs and individuals needing hassle-free international banking.
10. Punjab National Bank (PNB)
- Interest Rate: 2.70% – 3.25% per annum
- Features: PNB One mobile app, wide branch access, zero balance accounts for students and pensioners.
- Best For: Traditional customers who prefer physical banking support along with digital options.
Comparison Table (2025 Snapshot)
Bank Interest Rate (p.a.) Digital Services Best For
SBI 2.70 – 3.00% YONO app Wide access
HDFC Bank 3.00 – 3.50% Mobile/NetBanking Salaried users
ICICI Bank 3.00 – 3.50% iMobile Pay Tech-savvy
Axis Bank 3.00 – 3.50% Axis Active, UPI Lifestyle perks
Kotak Mahindra Bank Up to 4.00% 811 digital account Young professionals
IndusInd Bank 3.50 – 4.00% Digital banking Flexible banking
IDFC FIRST Bank 4.00 – 6.75% High interest, app High returns
Yes Bank 4.00 – 5.25% YES Mobile Global banking
Federal Bank 3.00 – 4.00% NRI-friendly app NRI customers
Punjab National Bank 2.70 – 3.25% PNB One app Traditional users
Final Thoughts
Also Read : Fixed Deposit vs Recurring Deposit: Which is Better for Your Money in 2025?
The best savings account in India 2025 depends on your individual needs. If you want higher interest rates, IDFC FIRST Bank and Yes Bank are great choices. For strong digital services, Kotak 811, ICICI iMobile Pay, and HDFC MobileBanking stand out. Meanwhile, if you value branch accessibility and trust, banks like SBI and PNB are reliable options.
Before choosing a savings account, compare interest rates, digital features, minimum balance requirements, and customer service quality. With the right choice, your savings account can do more than just store money—it can help grow your wealth.
