Best Savings Accounts in 2025: Earn the Highest Interest on Your ₹1 Lakh Deposit!

 Top 10 savings accounts which give you higher interest rate in 2025 (up to 1 lakh deposit)

Have you ever wondered which banks provide you the best interest rates on your savings account? In this article, you will get a comprehensive list of banks with their interest rates and other benefits, so stay tuned!

Table of content

1) Selection criteria

2) How do we calculate interest rates??

3) List of bank accounts and their corresponding interest rates in 2025.

4) Which bank account is the most favorable for you? Here's my opinion.

Before giving you the list, we search for the criteria that we take into account.

1) Interest Rate: Banks offering the highest interest rates for balances up to ₹1 lakh.

2) Features: Digital banking, free transactions, and other benefits.

3) Monthly interest: If you get monthly interest, you will accumulate more wealth. 

How do we calculate interest rates??

Banks calculate interest rates using a formula that takes into account the principal amount, interest rate, and time period.

The formula for simple interest is:

$SI=P\times R\times T/100$

$SI=P<br>$

SI = simple interest

P  = Principle amount

R = Interest rate

T = Time period

For example:

If you invest 100,000 rupees at 7.5% per annum for 6 years, then you can easily calculate the simple interest by using the above formula:

P: 100000 rupees

R: 7.5%

T: 6 years

So step 1 is to multiply all three: 100,000 * 7.5 * 6: 4,500,000

Step No. 2 is to divide by 100 to step No. 1's answer

Step No. 3: We will get the answer of 45,000 Rs.

So the interest you earned on your investment is 45,000 Rs in 6 years.

List of bank accounts and their corresponding interest rates in 2025.

So here in these categories, Utakarsh Small Finance Limited Bank provides you 4% annual interest on savings accounts. Check their website for all the details on Utkarsh Small Finance Bank.

Which bank account is the most favourable for you? Here's my opinion.

So here I go with IDFC First Bank because this bank will provide you following things:

1) Monthly interest credits calculated on your balance.

2) ATM withdrawal limit of  Rs 200000.

3) 10% instant discount on Tata CLiQ and myntra with a debit card.

4) Flat 75 Rs on Zomato using your debit card.

Here is my affiliate link to open an IDFC FIRST BANK savings account.

If you like this article, please share it with your friends, and if you want to help me, please open an account with my affiliate link. Most importantly, if you have any doubts regarding the bank accounts, feel free to comment down; I will definitely answer.