Everyone tries to save their hard-earned money for the future. People invest their money in SIP, post office, PPF or bank savings accounts in the desire of good interest. But usually, people want the most that they can get good interest from savings accounts too. So we will know how a lot of interest can be obtained from a savings account too.

Everyone wants that his earned money should not remain lying in the bank account like this and he can get better and high interest on this money. If you manage the savings account with a little understanding and information, then you can get good interest. So we will know what can be the tips to get more interest on savings account.

Savings account is considered important for everyone. Whether it is salary or household expenses, every transaction is considered through savings account. Let us tell you that in today's time many big banks are offering only 2.7% to 4% interest to the customers on savings account. This is the reason that the money lying in the account is not able to grow, but the good thing is that there are some amazing methods with the help of which the interest received on the savings account can be increased.

You can never get good interest from a big government or private bank, so in such a situation, turn to some Small Finance Banks. Some Small Finance Banks are offering more than 6% interest on savings account. Banks like AU Small Finance Bank and Jana Small Finance Bank are giving good interest. Let us tell you that these small banks are registered with RBI, so they can be considered safe. However, the account in these banks is opened with a little risk.

There are some banks in our country in which you get such facility that your remaining money (such as above 25,000) can be automatically converted into Fixed Deposit (FD). This facility from the bank is called Auto Sweep Facility. You can get up to 6.5% interest on this FD made from the savings account. The good thing is that this money can be withdrawn when needed. Many banks like SBI, ICICI, HDFC are providing this facility to the customers.

Digital savings account has also become a good option to get good interest. Yes, now if you open a savings account in some digital platform like Fi Money, Jupiter etc. then you can get up to 6.75% interest on it. It is believed that these digital platforms are providing this facility to the customers in collaboration with the banks associated with RBI. However, if you want interest in investing on these platforms, then do all the investigation first.

For your information, let us tell you that under section 80TTA, if anyone is earning interest from a savings account, then up to Rs 10,000 per annum becomes tax-free. However, if you are earning more than this from interest, then tax applies to the income. This is the reason why this method is considered good for small investors. (Note: The news is based on general information, it is necessary to do all the research to get good interest)