Interest rate for Savings Bank Accounts
Interest rate for Savings Bank Deposits effective from 16th July 2026
| 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 ₹10Cr
4.00% for balance of ₹10Cr to less than ₹50Cr
|
| 3 | ₹50Cr to less than ₹200Cr |
2.50% for balance less than ₹10Cr
5.50% for balance of ₹10 Cr to less than ₹200Cr
|
| 4 | ₹200Cr 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.