Saving Bank Account Interest Rate
Interest rate for Savings Bank Deposits effective from 17thJune 2025
Slab |
End of the Day Balance |
Rates of interest (p.a) |
1 |
Upto and including ₹1L |
2.50% - uniform rate |
2 |
Above ₹1L to less than ₹50Cr |
2.50% for balance less than ₹5Cr |
4.75% for balance of ₹5Cr to less than ₹50Cr |
||
3 |
₹50Cr to less than ₹150Cr |
2.50% for balance less than ₹5Cr |
6.25% for balance of ₹5 Cr to less than ₹150Cr |
||
4 |
₹150Cr and above |
2.50% |
The rates as mentioned above will be calculated on the daily End of the Day balances maintained in Savings Bank accounts (Resident/NRE/ONR) and the same will be credited to respective accounts on a quarterly basis.