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Savings Account is the ideal option for the ones looking for future savings while earning monetary interest on the deposits. Savings accounts let individuals keep their savings safe and earn interest on the money kept idle as well. Banks provide the facility of opening a savings account offline as well as online. So, you can now easily open savings account online from the convenience of your home. Following is the list of the best online savings account that you can open in 2025

Given below is the list of 10 Best Online Savings Accounts along with the interest rates and their primary features, provided by top banks in India. However, before opting for the best suited, you should keep in mind certain significant parameters including minimum balance requirement, savings account interest rate, transaction charges, withdrawals & deposit limits and much more.

Best Online Savings Bank Account 2025
Account Name Interest Rate (up to Rs. 1 lakh) % p.a. Primary Features
Digital Savings Account by RBL Bank 3.50%
  • Open Digital Savings Account using Aadhaar and PAN no.
  • No charges on non-maintenance of balance
Savings Account with Signature Debit Card by IDFC First Bank 3.00%
  • Free NEFT / RTGS / IMPS and free Phone / Internet Banking
  • Unlimited free ATM transactions at any ATM
IndusInd Online Savings Account by IndusInd Bank 3.00%
  • Zero balance savings account + get free NEFT, RTGS, IMPS
  • Lifetime waiver of non-maintenance charges
Savings Value by YES Bank 3.00%
  • Avail free ATM transactions at any YES Bank ATM
  • Free fund transfer via NEFT, RTGS and IMPS
Kotak 811 Savings Account by Kotak Mahindra Bank 3.00%
  • Can be instantly opened using Aadhaar card details
  • Zero balance savings account with free fund transfer facility
DigiBank by DBS 3.25%
  • Open a digiSavings account  in seconds with your Aadhaar
  • Free 24×7 fund transfers with UPI, IMPS, NEFT & RTGS
Regular Savings Account by HDFC Bank 3.00%
  • Personalised cheques with your name printed
  • Free passbook and email statement facilities
Insta Savings Account by ICICI Bank 3.00%
  • Account can be opened instantly using Aadhaar details
  • Free secure internet and mobile banking
Digital Savings Account by Standard Chartered Bank 2.75%
  • Instant online account opening in seconds
  • Get free access to internet and mobile banking
Insta Savings Account by State Bank of India 2.70%
  • Account can be opened instantly with SBI Yono App
  • Get free Rupay debit card and nomination facility

Note: The above-mentioned savings account interest rates are updated as on 10th January 2025.

If you do not wish to maintain the minimum balance in your account, then opting for a Zero Balance Savings Account is the most suitable option. There are many banks in India that provide users with the option of opening balance savings account online. Given below are the primary features, fees and charges of the 10 best savings accounts you can open online in 2025.


Digital Savings Account by RBL Bank

You can open a Digital Savings Account at RBL Bank by providing PAN Number and Aadhaar Number only. The account comes with higher interest rates, anytime banking and instant and paperless account opening. For instant account opening, you can either go to the bank’s official website or download RBL mobile banking app.

Primary Features Fees & Charges
Minimum Balance Requirement Rs. 5,000 (Monthly Average Balance)
Interest Rate (% p.a.) Up to Rs. 1 lakh – 3.50%
Above Rs. 1 lakh up to Rs. 10 lakh* – 5.50%
Above Rs. 10 lakh up to Rs. 25 lakh* – 6.00%
Above Rs. 25 lakh and up to Rs. 3 crore* – 7.50%
Above Rs. 3 crore up to Rs. 7.5 crore* – 6.50%
Above Rs. 7.5 crore up to Rs. 50 crore* – 6.25%
Above Rs. 50 crore up to Rs. 75 crore* – 5.25%
Above Rs. 75 crore up to Rs. 125 crore* – 7.50%
Above Rs. 125 crore up to Rs. 200 crore* – 6.00%
Above Rs. 200 crore up to Rs. 400 crore* – 4.00%
Above Rs. 400 crore up to Rs. 500 crore* – 6.75%
Above Rs. 500 crore* – MIBOR**+ 1%*On daily balances in excess of Rs. 1 Lakh.
Debit Card Type Titanium First Debit Card
ATM Transactions Free (Any RBL Bank ATM)
Chargeable 6th transaction onwards (Other bank ATMs)
Other Benefits Complimentary accident and air insurance
NEFT / RTGS / IMPS Free

Note: * On daily balances in excess of Rs. 1 lakh. Rates are subject to change at the sole discretion of RBL Bank.

Savings Account with Signature Debit Card by IDFC First Bank

This Savings Account variant is a low balance account with no hidden charges and optimal fund usage facility. You can avail privileges including bill payment, mini statement, account balance enquiry, money transfer, deposit and withdraw and more. 

Primary Features Fees & Charges
Minimum Balance Requirement Rs. 25,000
Interest Rate (% p.a.) <= 5 lakh – 3.00%
> 5 lakh <= 100 crore – 7.25%
> 100 crore <= 200 crore – 4.50%
> 200 crore – 3.50%
Debit Card Type Signature Debit Card
ATM Transactions (Any ATM in India) Financial & Non-financial- Free and Unlimited
International ATM or POS transaction Free, only forex markup 2% of the transaction value will be applicable
NEFT / RTGS / IMPS Free

To open IDFC First Savings Account instantly, click on the button provided below:

Savings Value by YES Bank

The YES Savings Value Account is the type of account with low minimum balance requirement and host of banking services. You can get unlimited access to ATMs of any bank across India. Get the convenience of a single personal identification number for all electronic channels including Internet, Mobile, Phone and ATM Banking.

Primary Features Fees & Charges
Minimum Balance Requirement Rs. 5,000
Interest Rate (% p.a.) <=1 Lakh – 3.00%
>1 Lakh to < 5 lakh 4.00%
>=5 Lakh to < 10 lakh 5.00%
>=10 Lakh to < 100 crore 7.00%
Cash Deposit Limit Free up to 5 transactions per month
ATM Transactions  At own bank ATMs – Free
At other bank’s ATMs – First 5 free p.m.
Non-maintenance charges Rs. 500
NEFT / RTGS / IMPS Free

To open YES Bank Savings Account instantly, click on the button provided below:

Kotak 811 Savings Account by Kotak Mahindra Bank (Full KYC)

Kotak 811 is a new generation digital bank account offered by Kotak Mahindra Bank. The account can be easily and instantly opened by providing Aadhaar card and few other details. The account comes with no minimum balance along with loads of other banking features and services.

Primary Features Fees & Charges
Minimum Balance Requirement No minimum balance required
Interest Rate (% p.a.) Balance up to Rs. 5 lakh – 3.00% p.a.
Balance above Rs. 5 lakh and up to Rs. 50 lakh – 3.50% p.a.
Balance above Rs. 50 lakh – 4.00% p.a.
Debit Card Type Virtual Debit Card (Physical card on request, charges applicable as per GSFC)
Maximum balance allowed at any given point of time No restrictions
Cheque Book Available
NEFT / RTGS / IMPS Free

To open Kotak Savings Account instantly, click on the button provided below:

IndusInd Online Savings Account by IndusInd Bank (with Premium Debit Card)

The IndusInd Online Savings Account can be opened instantly by simply completing the online application. This account variant comes with no minimum balance requirement and can be opened by opting for a Premium debit card or by doing high instant funding. The account comes in 3 variants including Indus Online Account – Premium Debit Card, Indus Online Account- Instant Funding and Indus Privilege Online Account.

Primary Features Fees & Charges
Minimum Balance Requirement No minimum balance required
Interest Rate (% p.a.) Daily balance up to Rs. 1 Lakh – 3.00%
Daily balance above Rs. 1 Lakh up to Rs. 5 Lakh – 4.00%
Daily balance above Rs. 5 Lakh up to Rs. 10 Lakh – 6.00%
Daily balance above Rs. 10 Lakh up to Rs. 5 Crore – 7.00%
Daily balance above Rs. 5 Crore up to Rs. 100 Crore – 7.00%
Debit Card Type Platinum Plus Debit Card
ATM Transactions ATM limit of Rs. 1 lakh per day and POS limit of Rs. 2 lakh per day
Initial Funding Rs. 10,000
NEFT / RTGS / IMPS Free (on online channels)

DigiBank by DBS

This account variant can be opened in seconds by using your Aadhaar Card. You need to verify your details through an OTP received on your Aadhaar linked mobile number. digiSavings Account is completely seamless, paperless and hassle-free. You can also avail cashback up to 10% on your shopping from a wide variety of online merchants.

Primary Features Fees & Charges
Minimum Balance Requirement Monthly Average Balance of at least Rs. 5,000
Interest Rate (% p.a.) Up to Rs.1 lakh – 3.25%
Above Rs 1 lakh and up to Rs .4 lakh – 3.50%
Above Rs.4 lakhs and up to Rs.5 lakh – 7.00%
Above Rs.5 lakh and up to Rs.10 lakh – 5.00%
Above Rs.10 lakhs and up to Rs.50 lakh – 4.00%
Above Rs.50 lakh and up to Rs.1 crore – 5.00%
Above Rs.1 crore – 3.00%
Debit Card Type Digibank debit card is enabled with VISA Tap to Pay feature
ATM Transactions (non-DBS ATMs) Cash Withdrawal:
Bal < Rs.  2 lakh: Metro – First 3 txns / Non-Metro – First 5 txns (Free)
Bal > Rs, 2 lakh: First 10 txns (Free) – Metro / Non-Metro
Rs. 21 per transaction (Beyond free withdrawal limit)
International Cash Withdrawal Rs. 125
Account Closure Charges (within 6 months of opening) Nil

Regular Savings Account by HDFC Bank

The Regular Savings Account variant provided by HDFC Bank comes with a low minimum balance requirement. You can get a free passbook, free 25 cheque leaves in a financial year, free TDS and Balance certificate, free ATM card, free internet banking and more. Also, get safe deposit lockers and save more with super saver facilities on your account.

Primary Features Fees & Charges
Minimum Balance Requirement Metro / Urban branches- Rs. 10,000 (monthly)
Semi-Urban branches- Rs. 5,000 (monthly)
Rural branches- Rs. 2,500 (average quarterly balance) or an FD  of Rs.10,000 for a minimum tenure of 1 year 1 day
Interest Rate (% p.a.) Less than Rs. 50 Lakh – 3.00%
Of and Above Rs. 50 Lakh –  3.50%
Debit Card Type Regular debit card for Rs. 150
ATM Transactions (HDFC Bank ATMs) Financial transactions – first 5 free per month across all cities
Non-financial transactions – No charges
InstaPay Zero transaction charges
NEFT / RTGS / IMPS Free (online mode)

Insta Savings Account by ICICI Bank

This is an Aadhaar based instant savings account that can be opened online by resident Indians above 18 years of age. It lets you experience 24×7 banking with iMobile App and internet banking services along with free monthly email statements.

Primary Features Fees & Charges
Monthly Average Balance Rs. 10,000
Interest Rate (% p.a.) Below Rs. 50 lakh – 3.00%
Rs. 50 lakh and above – 3.50%
Debit Card Type Platinum debit card and reward points on spends
ATM Transactions (ICICI Bank ATMs)
  • 5 Free ATM withdrawals per month
  • Unlimited free non-financial transactions
Value Added SMS Alert Facility Rs. 15/quarter
Charges for Non-Maintenance of Minimum Monthly Average Balance  Rs. 100 + 5% of the shortfall required in the monthly average balance

Digital Savings Account by Standard Chartered Bank

Digital Savings Account is the new generation digital savings account offered by Standard Chartered Bank. You can open this account instantly online using your PAN and Aadhaar based e-KYC. You can also earn 2x reward points on every online transaction done plus avail complimentary 3 months Saavn Pro Subscription.

Primary Features Fees & Charges
Minimum Balance Requirement Rs. 10,000 (Monthly Average Balance)
Interest Rate (% p.a.) Up to Rs. 50 lakh – 2.75%
Above Rs. 50 lakh to up to Rs. 40 crore – 3.25%
Above Rs. 40 crore to up to Rs. 60 crore – 5.00%
Above Rs. 60 crore to up to Rs. 150 crore – 5.50%
Above Rs. 150 crore to up to Rs. 300 crore – 5.00%
Above Rs. 300 crores – 0.50%
Debit Card Type Free Platinum Debit Card for first year
ATM Transactions First 3 transaction free in a month
Cheque Book First 25 cheque leaves free in financial year
NEFT / RTGS / IMPS Free

Insta Savings Account by State Bank of India

This account variant can be opened by either visiting the bank’s official website or via SBI YONO App. Also, the nomination facility is available within the SBI YONO App and is mandatory for Insta Savings Account.

Primary Features Fees & Charges
Minimum Balance Requirement No minimum balance required
Interest Rate (% p.a.) Balances less than Rs. 10 Crore – 2.70%
Balances Rs. 10 Crore and Above – 3.00%
Debit Card Type Basic RuPay debit card
Maximum Balance Maximum balance should not exceed Rs.1 lakh
Credit Summations Total credit summations in a year allowed for account is Rs. 2 lakh
Transaction Limit Transaction limit cap of Rs. 49,999 per transaction
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Conclusion

Just like it is important to carefully handpick and select things before purchasing, it is equally significant to choose the right type of savings account to keep your hard-earned money safe and growing. On the basis of interest rate, “Digital Savings Account by RBL Bank and Savings Account with Signature Debit Card by IDFC First” would be the most appropriate choice as these banks provide a higher interest rate of up to 6.00%, as compared to other popular banks. 

Proper planning and research about different online savings account variants provided by different banks in India will surely aid to solve the confusion. However, certain parameters like interest rate, minimum balance requirement, transaction charges, deposit and withdrawal limits will help in deciding the best-suited account type. The choice will vary according to the customer’s individual requirements. For example, if the user does not want to block his or her money, then a zero balance savings account is the appropriate choice. Hence, the set parameter should be kept in mind before opting for the best one.

Please Note: The information provided on this page may not reflect the most recent updates. For the latest details, please visit the respective bank’s official website.

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