Best Savings Rates for July 2026

Rs. Ten Lakh

Rank	Bank Name	Effective Rate	Bank Type	Interest Payout	Effective From
1	IDFC First Bank	5.30%	Private	Monthly	21-Apr-26
2	Bandhan Bank	4.60%	Private	Quaterly	01-May-26
3	RBL Bank (Ratnakar)	4.00%	Private	Quaterly	11-Feb-26
4	Dhanlaxmi Bank	2.98%	Private	Quaterly	06-Nov-25
5	IndusInd Bank	2.95%	Private	Quaterly	01-Mar-26
6	DCB Bank	2.92%	Private	Quaterly	06-Mar-26
7	Tamilnad Merc. Bank	2.88%	Private	Quaterly	20-Jun-25
8	City Union Bank	2.75%	Private	Quaterly	25-Jun-25
9	Nainital Bank	2.65%	Private	Quaterly	10-Jan-26
10	IDBI Bank	2.57%	Private	Quaterly	18-Aug-25
11	J&K Bank	2.55%	Private	Quaterly	11-Feb-26
12	Axis Bank	2.50%	Private	Quaterly	28-Jun-25
13	Federal Bank	2.50%	Private	Quaterly	16-Jun-26
14	HDFC Bank	2.50%	Private	Quaterly	24-Jun-25
15	ICICI Bank	2.50%	Private	Quaterly	26-Jun-25
16	Kotak Bank	2.50%	Private	Quaterly	09-Jul-25
17	Yes Bank	2.50%	Private	Quaterly	07-Apr-26
18	Catholic Syrian Bank	2.46%	Private	Quaterly	04-Nov-25
19	Karnataka Bank	2.38%	Private	Quaterly	01-Apr-26
20	Karur Vysya Bank	2.25%	Private	Quaterly	15-Jan-26
21	South Indian Bank	2.25%	Private	Quaterly	21-Apr-26