Savings account rate@3.5%....where to park money for short term

[manivannan.g]

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, …