NSE: 

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.