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Interest Rates for Savings Bank (SB) Accounts
Interest rate for Savings Bank Deposits effective from 30th October 2018
| Slab | End of the Day Balance | Rates of interest (p.a.) |
| 1 | Less than ₹50 Lakhs | 3.50% - uniform rate for entire balance |
| 2 | ₹50 Lakh and to less than ₹10 Cr | 3.50% for amount up to ₹50 Lakh 4.00% for the remaining balance (of ₹50 Lakh and above) |
| 3 | ₹10 Cr to less than ₹25 Cr | 3.50% for amount up to and including ₹1 Lakh 6.30% for the remaining balance above ₹1 Lakh |
| 4 | ₹25 Cr to less than ₹250 Cr | 3.50% for amount up to and including ₹1 Lakh 6.51% for the remaining balance above ₹1 Lakh |
| 5 | ₹250 Cr and above | 3.50% for amount up to and including ₹1 Lakh 7.20% for the remaining balance above ₹1 Lakh |
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.
