Interest Rates for Savings Bank (SB) Accounts

Interest rate for Savings Bank Deposits effective from 25th August 2017

           SB (Resident) / SB (NRE) / SB (ONR)

Interest Rates (p.a.)

           Daily balance upto ₹ 50 Lakhs


           Daily balance of ₹ 50 Lakhs and above*



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.

* The rate of 4.00% will be paid on incremental balance of ₹50 Lakh and above. For accounts with balance of ₹50 Lakh and above as at the end of a day, balance up to ₹50 Lakh will earn interest at 3.50% p.a. for that day.