Interest Rates on Domestic, Non Resident, Trust and Government Savings Account Deposits:
Effective 1st June, 2020, the interest on your Savings Bank Account has been revised as per the following interest rate structure.
|Balance Slabs||Applicable Rate of Interest w.e.f.1st Jun, 2020|
|Less than Rs. 50 lacs ||3.00% p.a.|
|Rs. 50 Lacs and up to less than Rs. 10 Crs||3.50% p.a.|
|Rs. 10 Crs and up to less than Rs. 100 Crs||Repo + (-0.65%)|
applicable rate 3.75% p.a.
|Rs. 100 Crs and up to less than Rs. 200 Crs||Repo + (-0.25%)|
|Rs. 200 Crs and up to less than Rs. 2,500 Crs||Repo + (0.00%)|
Floor price for all the Repo linked slabs is fixed at 3.75% p.a. The interest is calculated basis incremental balance slabs,
#For rates on amount of Rs. 2500 Crs and above, please contact nearest branch.