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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 |
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Any balances over and above Rs. 1 lakh and up to Rs. 2 lakhs will get 3.5% on the incremental amount* |
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Any balances over and above Rs. 2 lakhs and up to Rs. 3 lakhs will get 4.25% on the incremental amount* |
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Any balances over and above Rs. 3 lakhs and up to Rs. 4 lakhs will get 7% on the incremental amount* |
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Any balances over and above Rs. 4 lakhs and up to Rs. 5 lakhs will get 7% on the incremental amount* |
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Any balances over and above Rs. 5 lakhs and up to Rs. 10 lakhs will get 6% on the incremental amount* |
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Any balances over and above Rs. 10 lakhs and up to Rs. 20 lakhs will get 5.50% on the incremental amount* |
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Any balances over and above Rs. 20 lakhs and up to Rs. 50 lakhs will get 5% on the incremental amount* |
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Any balances over and above Rs. 50 lakh and up to Rs. 1 Cr will get 5% on the incremental amount |
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Any balances over and above Rs. 1 Cr and up to Rs. 5 Cr will get 3% on the incremental amount |
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Any balances over and above Rs. 5 Crs and up to Rs. 10 Crs will get 3% on the incremental amount* |
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Any balances over and above Rs. 10 Cr will get 3% on the incremental amount thereon |
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NRO/NRE |
Balance up to Rs. 1 lakh will get 3.25% interest rates |
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Any balances over and above Rs. 1 lakh and up to Rs. 5 lakhs will get 3.5% on the incremental amount^ |
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Any balances over and above Rs. 5 lakhs will get 3% on the incremental amount^ |
- Interest rate revised as above w.e.f. 1st Feb 2023. (For domestic savings account)
- Interest rate revised as above w.e.f. 3rd Jan 2022. (For NRE/NRO Savings Account)
- Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
- Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
- Rate of interest on digiSavings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.
- For senior citizens, above rates would apply.
- For Basic Savings Bank Deposit Account, above domestic rates would apply.
Domestic
If the balance in the savings account is 5 Cr 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: 4.25% |
Above Rs.2 Lakhs and Upto Rs.3 Lakhs |
4.25% |
|
Rs 3 lakhs - Rs 4 lakhs: 7.00% |
Above Rs.3 Lakhs and Upto Rs.4 Lakhs |
7.00% |
|
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: 6.00% |
Above Rs 5 lakhs and up to Rs.10 lakhs |
6.00% |
|
Rs 10 lakhs - Rs 20 lakhs: 5.50% |
Above Rs 10 lakhs and up to Rs.20 lakhs |
5.50% |
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Rs 20 lakhs - Rs 50 lakhs: 5.00% |
Above Rs 20 lakhs and up to Rs.50 lakhs |
5.00% |
|
Rs.50 lakhs – Rs.1 Cr: 5.00% |
Above Rs.50 lakhs and up to Rs.1 Cr |
5.00% |
|
Rs.1Cr – Rs.5 Cr: 3.00% |
Above Rs.1Cr and up to Rs.5 Cr |
3.00% |
|
Remaining Rs.50 lakhs: 3.00% |
Above Rs.5 Cr |
3.00% |
