Best Savings Rates for Aug 2026

Rs. Ten Lakh

Rank	Bank Name	Effective Rate	Bank Type	Interest Payout	Effective From
1	Unity Small Finance Bank	5.85%	Small Finance	Quaterly	01-Jan-25
2	IDFC First Bank	5.30%	Private	Monthly	21-Apr-26
3	Slice Small Finance Bank	5.25%	Small Finance	Daily	05-Dec-25
4	ESAF Small Finance Bank	4.80%	Small Finance	Quaterly	01-Jun-26
5	Equitas Small Finance Bank	4.75%	Small Finance	Quaterly	18-May-26
6	Bandhan Bank	4.60%	Private	Quaterly	01-May-26
7	Ujjivan Small Finance Bank	4.60%	Small Finance	Monthly	05-Jun-26
8	Utkarsh Small Finance Bank	4.58%	Small Finance	Quaterly	01-Jul-26
9	DBS Bank	4.50%	Foreign	Quaterly	24-Oct-25
10	Post Office	4.00%	Gov. Scheme	Yearly	01-Jul-26
11	RBL Bank (Ratnakar)	4.00%	Private	Monthly	11-Feb-26
12	Suryoday Small Finance Bank	4.00%	Small Finance	Monthly	01-May-26
13	Jana Small Finance Bank	3.90%	Small Finance	Monthly	07-May-26
14	Shivalik Bank	3.30%	Small Finance	Monthly	13-Jul-26
15	Capital Small Finance Bank	3.10%	Small Finance	Quaterly	04-Nov-25
16	AU Small Finance bank	3.05%	Small Finance	Monthly	23-Apr-26
17	Dhanlaxmi Bank	2.98%	Private	Quaterly	01-Jul-26
18	IndusInd Bank	2.95%	Private	Quaterly	01-Mar-26
19	DCB Bank	2.92%	Private	Quaterly	06-Mar-26
20	Tamilnad Merc. Bank	2.80%	Private	Quaterly	01-Jul-26
21	City Union Bank	2.75%	Private	Quaterly	25-Jun-25
22	Nainital Bank	2.65%	Private	Quaterly	10-Jan-26
23	IDBI Bank	2.57%	Private	Quaterly	18-Aug-25
24	Canara Bank	2.55%	Public	Quaterly	01-Jul-25
25	J&K Bank	2.55%	Private	Quaterly	11-Feb-26
26	Axis Bank	2.50%	Private	Quaterly	28-Jun-25
27	Bank of Baroda	2.50%	Public	Quaterly	22-Aug-25
28	Bank of India	2.50%	Public	Quaterly	01-May-26
29	Bank of Maharashtra	2.50%	Public	Quaterly	01-Sep-25
30	Barclays Bank	2.50%	Foreign	Quaterly	29-Sep-25
31	Central Bank of India	2.50%	Public	Quaterly	10-May-26
32	Deutsche Bank	2.50%	Foreign	Quaterly	01-Aug-25
33	Doha Bank	2.50%	Foreign	Quaterly	18-Feb-22
34	Federal Bank	2.50%	Private	Quaterly	16-Jun-26
35	HDFC Bank	2.50%	Private	Quaterly	24-Jun-25
36	ICICI Bank	2.50%	Private	Quaterly	26-Jun-25
37	Indian Bank	2.50%	Public	Quaterly	04-Jul-26
38	Kotak Bank	2.50%	Private	Quaterly	09-Jul-25
39	Punjab National Bank	2.50%	Public	Quaterly	01-Oct-25
40	State Bank of India	2.50%	Public	Quaterly	15-Jun-25
41	UCO Bank	2.50%	Public	Quaterly	23-Jun-25
42	Union Bank of India	2.50%	Public	Quaterly	11-Jun-26
43	Yes Bank	2.50%	Private	Quaterly	07-Apr-26
44	Catholic Syrian Bank	2.46%	Private	Quaterly	04-Nov-25
45	Karnataka Bank	2.38%	Private	Quaterly	01-Apr-26
46	Indian Overseas Bank	2.27%	Public	Quaterly	12-Dec-25
47	Karur Vysya Bank	2.25%	Private	Quaterly	15-Jan-26
48	South Indian Bank	2.25%	Private	Quaterly	21-Apr-26
49	Standard Chartered Bank	2.25%	Foreign	Quaterly	01-Jan-26
50	Punjab & Sind Bank	2.20%	Public	Quaterly	16-Feb-26
51	HSBC Bank	2.00%	Foreign	Quaterly	13-Sep-21

1. Source: Official bank websites.
2. Effective Rate calculation is performed using standard methodology. E&OE.

Best Savings Rates for Aug 2026

Rs. Ten Lakh

Rank	Bank Name	Effective Rate	Bank Type	Interest Payout	Effective From
1	Unity Small Finance Bank	5.85%	Small Finance	Quaterly	01-Jan-25
2	IDFC First Bank	5.30%	Private	Monthly	21-Apr-26
3	Slice Small Finance Bank	5.25%	Small Finance	Daily	05-Dec-25
4	ESAF Small Finance Bank	4.80%	Small Finance	Quaterly	01-Jun-26
5	Equitas Small Finance Bank	4.75%	Small Finance	Quaterly	18-May-26
6	Bandhan Bank	4.60%	Private	Quaterly	01-May-26
7	Ujjivan Small Finance Bank	4.60%	Small Finance	Monthly	05-Jun-26
8	Utkarsh Small Finance Bank	4.58%	Small Finance	Quaterly	01-Jul-26
9	DBS Bank	4.50%	Foreign	Quaterly	24-Oct-25
10	Post Office	4.00%	Gov. Scheme	Yearly	01-Jul-26
11	RBL Bank (Ratnakar)	4.00%	Private	Monthly	11-Feb-26
12	Suryoday Small Finance Bank	4.00%	Small Finance	Monthly	01-May-26
13	Jana Small Finance Bank	3.90%	Small Finance	Monthly	07-May-26
14	Shivalik Bank	3.30%	Small Finance	Monthly	13-Jul-26
15	Capital Small Finance Bank	3.10%	Small Finance	Quaterly	04-Nov-25
16	AU Small Finance bank	3.05%	Small Finance	Monthly	23-Apr-26
17	Dhanlaxmi Bank	2.98%	Private	Quaterly	01-Jul-26
18	IndusInd Bank	2.95%	Private	Quaterly	01-Mar-26
19	DCB Bank	2.92%	Private	Quaterly	06-Mar-26
20	Tamilnad Merc. Bank	2.80%	Private	Quaterly	01-Jul-26
21	City Union Bank	2.75%	Private	Quaterly	25-Jun-25
22	Nainital Bank	2.65%	Private	Quaterly	10-Jan-26
23	IDBI Bank	2.57%	Private	Quaterly	18-Aug-25
24	Canara Bank	2.55%	Public	Quaterly	01-Jul-25
25	J&K Bank	2.55%	Private	Quaterly	11-Feb-26
26	Axis Bank	2.50%	Private	Quaterly	28-Jun-25
27	Bank of Baroda	2.50%	Public	Quaterly	22-Aug-25
28	Bank of India	2.50%	Public	Quaterly	01-May-26
29	Bank of Maharashtra	2.50%	Public	Quaterly	01-Sep-25
30	Barclays Bank	2.50%	Foreign	Quaterly	29-Sep-25
31	Central Bank of India	2.50%	Public	Quaterly	10-May-26
32	Deutsche Bank	2.50%	Foreign	Quaterly	01-Aug-25
33	Doha Bank	2.50%	Foreign	Quaterly	18-Feb-22
34	Federal Bank	2.50%	Private	Quaterly	16-Jun-26
35	HDFC Bank	2.50%	Private	Quaterly	24-Jun-25
36	ICICI Bank	2.50%	Private	Quaterly	26-Jun-25
37	Indian Bank	2.50%	Public	Quaterly	04-Jul-26
38	Kotak Bank	2.50%	Private	Quaterly	09-Jul-25
39	Punjab National Bank	2.50%	Public	Quaterly	01-Oct-25
40	State Bank of India	2.50%	Public	Quaterly	15-Jun-25
41	UCO Bank	2.50%	Public	Quaterly	23-Jun-25
42	Union Bank of India	2.50%	Public	Quaterly	11-Jun-26
43	Yes Bank	2.50%	Private	Quaterly	07-Apr-26
44	Catholic Syrian Bank	2.46%	Private	Quaterly	04-Nov-25
45	Karnataka Bank	2.38%	Private	Quaterly	01-Apr-26
46	Indian Overseas Bank	2.27%	Public	Quaterly	12-Dec-25
47	Karur Vysya Bank	2.25%	Private	Quaterly	15-Jan-26
48	South Indian Bank	2.25%	Private	Quaterly	21-Apr-26
49	Standard Chartered Bank	2.25%	Foreign	Quaterly	01-Jan-26
50	Punjab & Sind Bank	2.20%	Public	Quaterly	16-Feb-26
51	HSBC Bank	2.00%	Foreign	Quaterly	13-Sep-21

1. Source: Official bank websites.
2. Effective Rate calculation is performed using standard methodology. E&OE.

Best Savings Rates for Aug 2026

Bank Type

Best Savings Rates for Aug 2026

Bank Type