• Home
  • Savings Accounts Interest Rate structure

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 SlabsApplicable 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 Crs3.50% p.a.
Rs. 10 Crs and up to less than Rs. 100 CrsRepo + (-0.65%)
applicable rate 3.75% p.a.
Rs. 100 Crs and up to less than Rs. 200 CrsRepo + (-0.25%)
Rs. 200 Crs and up to less than Rs. 2,500 CrsRepo + (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.