Financial Freedom: How much is enough?

Best option is to park in the Airtel Payments Bank, they offer 7.25% interest rate. But the maximum limit you can have is Rs.1Lakh. Since it is e-wallet based payment bank.

Another option is Digibank by DBS. In this Digibank account I think the limit is up to Rs.5Lakh and they offer 7% interest rate.

  • Both are saving accounts, no locking period or so.
  • Both Airtel and DBS gives you UPI transactions for faster transaction. For the conventional transactions such as NEFT/IMPS, Airtel charges you, whereas in Digibank its is free.

So IMHO, 7-7.25% interest rate on a savings account is a cracker deal. I chosen Airtel payments bank since my idle cash is not more than a lakh.