Interest Rates and Slabs of

all Savings Bank Accounts

Rates are effective from 11/11/2018 (subject to change from time to time)

Interest Rate
Sr. No. Savings Account Balance Illustration
Per Annum

1 Up to Rs. 1 Lac 5% 5 % will be paid on balances up to Rs. 1 Lac

More than Rs. 1 Lac up to 6 % will be paid on incremental balances

2 6%
Rs. 10 Lacs above Rs. 1 Lac & up to Rs. 10 Lacs

More than Rs. 10 Lacs up to 7 % will be paid on incremental balances

3 7%
Rs. 5 Crores above Rs. 10 Lacs & up to Rs. 5 Crores

More than Rs. 5 Crores up to 7.5 % will be paid on incremental balances

4 7.5%
Rs. 25 Crores above Rs. 5 Crores & up to Rs. 25 Crores

8 % will be paid on incremental balances

5 More than Rs. 25 Crores 8%
above Rs. 25 Crores

Note:
1. Interest will be calculated on a daily product basis
2. The interest is paid / credited savings account on quarterly basis on 30th June, 30th September, 31st
December and 31st March each year.