Small finance banks and payments banks are offering their customers an interest rate of up to 7 percent on savings accounts. Apart from this, they are also getting many other facilities.
Small banks will make big money on savings
Whenever there is talk of high earning, the common man can never save accounts (savings accounts) doesn’t matter. In fact, generally the savings account or savings account has been linked to the need and not to the investment. But now even these savings accounts can give you better returns. In order to attract customers towards them, banks now offer better interest rates on savings accounts as well.interest rates) are offered. and small finance (small finance bank) and payment banks are going ahead and giving great deals to the customers. If you also want to earn some better on your savings, then you can take a look at these 6 small finance and payment banks.
Airtel Payments Bank
If you want to get higher interest in savings account, then you can turn to Airtel Payments Bank, a completely digital and paperless bank, here you will get interest rate up to 6 percent on Savings Account. Any customer can open his account with the help of the app within just 5 minutes. If you want, you can reach the bank branch and open your account instantly and take advantage of the higher rates.
ESAF Small Finance Bank
In ESAF Small Finance Bank, you can open a savings account with a higher interest rate, here the interest is getting 4 percent on balance up to Rs 1 lakh and 6.5 percent on balance above Rs 1 lakh.
Equitas Small Finance Bank
Customers expecting higher interest rate on savings account can also open their account with Equitas Small Finance Bank. You can get up to 7 percent interest on opening a savings account here, along with this, bank account holders are also getting many other facilities.
Fincare Small Finance Bank
On opening a savings account with Fincare Small Finance Bank, you are being offered an interest of 7 percent on the incremental balance. The bank is offering to pay interest on quarterly basis. Along with this, your bank account can be opened instantly through Aadhaar.
North East Small Finance Bank
North East Small Finance Bank is not only offering you 6 percent interest rate on savings account, but you will also get the benefit of e-banking to insurance cover here. According to the bank, if the average balance in the account is more than Rs 50,000, then you will get a life cover of Rs 2 lakh, and if it is more than Rs 5000, you will get an accidental cover of Rs 2 lakh.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering 6.25 percent interest to its savings account customers. Along with this, the bank is also offering many types of offers to its customers on mobile and internet banking and debit cards. You can open your account very easily by contacting the bank
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