Experience higher interest rates

At a Glance

Accessible the way you want, our savings account combines convenience with attractive interest rates.

Easy access to your savings

Online, on your mobile device or via ATM

Attractive rates

From 3% to 7% depending on your balance

Options for overseas savers

NRE and NRO accounts available

Features & Benefits

Domestic / NRO / NRE Savings Account

Nature

Rate of Interest (per annum)

Domestic

Balance up to Rs. 1 lakh will get 3.25% interest rates

Any balances over and above Rs. 1 lakh and up to Rs. 2 lakhs will get 3.5% on the incremental amount*

Any balances over and above Rs. 2 lakhs and up to Rs. 3 lakhs will get 3.25% on the incremental amount*

Any balances over and above Rs. 3 lakhs and up to Rs. 4 lakhs will get 3.5% on the incremental amount*

Any balances over and above Rs. 4 lakhs and up to Rs. 5 lakhs will get 7% on the incremental amount*

Any balances over and above Rs. 5 lakhs and up to Rs. 10 lakhs will get 5% on the incremental amount*

Any balances over and above Rs. 10 lakhs and up to Rs. 50 lakhs will get 4.00% on the incremental amount*

Any balances over and above Rs. 50 lakhs and up to Rs. 1 Cr will get 5% on the incremental amount*

Any balances over and above Rs. 1 Cr will get 3% on the incremental amount thereon

NRO/NRE

Balance up to Rs. 1 lakh will get 3.25% interest rates

Any balances over and above Rs. 1 lakh and up to Rs. 5 lakhs will get 3.5% on the incremental amount^

Any balances over and above Rs. 5 lakhs will get 3% on the incremental amount^



  1. *Interest rate revised as above w.e.f. 10th Oct 2023. (For domestic savings account)
  2. Interest rate revised as above w.e.f. 3rd Jan 2022. (For NRE/NRO Savings Account)
  3. Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
  4. Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
  5. Rate of interest is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.
  6. For senior citizens, above rates would apply.
  7. For Basic Savings Bank Deposit Account, above domestic rates would apply.

Domestic

If the balance in the savings account is 5 Crores 50 Lakhs, then the Savings Account Interest will be calculated as follows:

Savings Interest Calculation

Rates Applied as per the below Slab

Up to Rs 1 Lakh: 3.25%

Up to Rs 1 lakh

3.25%

Rs 1 lakh - Rs 2 lakhs: 3.50%

Above Rs 1 lakh and up to Rs.2 Lakhs

3.50%

Rs 2 lakhs - Rs 3 lakhs: 3.25%

Above Rs.2 Lakhs and Upto Rs.3 Lakhs

3.25%

Rs 3 lakhs - Rs 4 lakhs: 3.50%

Above Rs.3 Lakhs and Upto Rs.4 Lakhs

3.50%

Rs 4 lakhs - Rs 5 lakhs: 7.00%

Above Rs.4 Lakhs and Upto Rs.5 Lakhs

7.00%

Rs 5 lakhs - Rs 10 lakhs: 5.00%

Above Rs 5 lakhs and up to Rs.10 lakhs

5.00%

Rs 10 lakhs - Rs 50 lakhs: 4.00%

Above Rs 10 lakhs and up to Rs.50 lakhs

4.00%

Rs 50 lakhs - Rs 1Cr: 5.00%

Above Rs 50 lakhs and up to Rs.1Cr

5.00%

Rs.1 Cr– Rs.5 Crores: 3.00%

Above Rs.1 Cr and up to Rs.5 Crores

3.00%

Remaining Rs.50 lakhs: 3.00%

Above Rs.5 Crores

3.00%