Savings Account
हिंदी में पढ़ेंA savings account is where your salary lands, your UPI payments go out and your emergency money waits. Accounts differ on minimum balance, interest rate, fees, debit card benefits and the quality of the app — differences that add up over years.
Compare savings accounts from banks and payments banks on ClickPe, including zero-balance digital accounts you can open in minutes with video KYC.
Compare savings account offers
Figures are taken from each lender's official website on the date shown. Your actual rate and charges depend on your profile and are confirmed by the lender in the Key Fact Statement.
| Account | Bank | Interest rate earned | Best for |
|---|---|---|---|
| Kotak Super Saving Account As of Nov 2026 · source | Kotak Mahindra Bank Limited | — | Regular debit card spenders |
| IndusInd Saving Account As of Nov 2026 · source | IndusInd Bank Limited | — | Customers wanting an IndusInd Bank savings account |
| DBS Digibank Saving Account As of Nov 2026 · source | DBS Bank India Limited | 2.5% – 7% p.a. | App-first savers who want a zero-balance account with high interest |
| Kotak 811 Saving Account As of Nov 2026 · source | Kotak Mahindra Bank Limited | 2.5% – 4% p.a. | First-time, app-first savers |
| Airtel Payments Bank Saving Account As of Nov 2026 · source | Airtel Payments Bank Limited (payments bank) | — | Digital payments and small balances |
Who is it for?
- First-time account holders and students
- Salaried people looking for a better primary account
- Anyone who wants a separate account for savings or an emergency fund
Key features
Zero-balance options
Digital and basic accounts with no minimum balance requirement.
Interest on balance
Interest is calculated on your daily balance and credited at regular intervals.
Deposit insurance
Deposits in banks are insured by DICGC up to the statutory limit per depositor per bank.
UPI and debit card
Instant payments, net banking and a debit card for ATM and card payments.
Eligibility
- Indian resident (separate products exist for NRIs)
- Aged 18 or above for an individual account; minor accounts are opened with a guardian
- Valid PAN (or Form 60) and Aadhaar or another officially valid document
Documents required
- PAN card or Form 60
- Aadhaar or another officially valid document
- A recent photograph or live selfie
- Signature (captured digitally for online accounts)
FD calculator
- Maturity value
- ₹1,23,144
- Amount deposited
- ₹1,00,000
- Interest earned
- ₹23,144
How to apply
- Compare accounts on ClickPe by minimum balance, interest and fees.
- Start the bank's online application and enter your details.
- Complete Aadhaar e-KYC and video KYC with the bank.
- Fund the account and start using UPI and net banking.
Zero balance vs regular savings accounts
A Basic Savings Bank Deposit Account (BSBDA) has no minimum balance and offers essential services free. Many banks also offer digital zero-balance accounts with more features. Regular accounts may require an average monthly balance and charge a fee if you fall short — check the bank's schedule of charges.
How to compare savings accounts
Start with the minimum balance rule and the charge for not meeting it, because that is the cost most people actually pay. Then compare the interest rate on the balance you realistically keep — slab rates on very large balances do not help if you hold ₹30,000. Check the debit card's annual fee, free ATM withdrawals per month, charges on cheque books and SMS alerts, and whether the bank's app supports UPI, FD creation and bill payments smoothly.
If you are opening a second account for savings or an emergency fund, a zero-balance digital account with an auto-sweep into fixed deposits can earn more than a regular account without locking money away. For your salary account, branch and ATM access near where you live may matter more than a slightly higher rate.
Payments banks can accept deposits up to a regulatory cap per customer and cannot lend or issue credit cards, while small finance banks and universal banks offer the full range of products. All three are regulated by the RBI.
How savings interest works
Banks set their own savings rates, and many pay a higher rate on larger balances in slabs. Interest is calculated on your end-of-day balance and is taxable as income. If you hold large balances for long periods, compare a fixed deposit or sweep-in facility.
Frequently asked questions
Can I open a savings account online?
Yes. Most banks let you open an account online with Aadhaar-based e-KYC and a video KYC call, without visiting a branch.
Is my money safe in a small finance bank?
Small finance banks are licensed and regulated by the RBI, and deposits are covered by DICGC insurance up to the statutory limit per depositor per bank, the same as other banks.
Is savings account interest taxable?
Yes, it is added to your income. Individuals can claim a deduction on savings interest up to a limit under the old tax regime; check current rules with the Income Tax Department.
What is a minimum balance charge?
If a regular account requires an average balance and you fall short, the bank may levy a charge as per its published schedule. Zero-balance accounts do not have this requirement.
Related
ClickPe is a financial marketplace and Digital Lending Service Provider. Loans and cards are sanctioned and issued by RBI-regulated banks and NBFCs; see our lending partners. Using ClickPe is free; we may receive a commission from the lender.