HDFC vs Kotak Savings Account — Which is Better in 2026?
HDFC savings account interest rate is 3.00% vs Kotak at 3.50%. Kotak pays ₹500 more per year on a ₹1L balance. However, consider fee waivers and digital features before choosing.
Last updated: April 6, 2026
HDFC
3.00%
Savings interest p.a.
Kotak
3.50%
Savings interest p.a.
✓ Better dealHDFC vs Kotak Savings Account — Detailed Comparison
| Feature | HDFC | Kotak |
|---|---|---|
| Savings Rate | 3.00% | ✓3.50% |
| Processing Fee | ₹150/quarter if avg < ₹10,000 | 811 — zero balance |
| Eligibility | Any Indian resident, NRI (with NRE/NRO) | Any Indian resident (811 — fully digital) |
Savings Rate
HDFC
3.00%
Kotak
3.50%
Processing Fee
HDFC
₹150/quarter if avg < ₹10,000
Kotak
811 — zero balance
Eligibility
HDFC
Any Indian resident, NRI (with NRE/NRO)
Kotak
Any Indian resident (811 — fully digital)
Verdict
Kotak pays a higher savings account interest rate (3.50%) vs HDFC (3.00%). Small finance banks and neo-banks often pay 6-7%, but larger banks offer better branch networks and fewer service charges. Choose Kotak if you prioritise return on idle cash; choose HDFC if you need a full-service relationship bank.
Frequently Asked Questions
Which savings account gives more interest — HDFC or Kotak?+
Kotak currently offers a higher savings rate (3.50%). HDFC pays 3.00% and Kotak pays 3.50%. On a ₹1L balance, the difference is ₹500 per year.
What are the minimum balance requirements for HDFC vs Kotak savings account?+
HDFC: Any Indian resident, NRI (with NRE/NRO). Kotak: Any Indian resident (811 — fully digital). Failure to maintain minimum balance results in a penalty deducted from your account.
Can I open a savings account in HDFC or Kotak online?+
Both HDFC and Kotak offer video KYC-based digital account opening. IDFC First, Kotak, and Yes Bank are fully app-based. SBI and PNB may require a branch visit for full KYC accounts.
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Disclaimer: Interest rates shown are indicative as of April 2026 and subject to change without notice. Actual rates depend on your credit score, income, and bank policy. This is for informational purposes only and does not constitute financial advice. Always verify rates with the bank before applying.