Interest Rates and Slabs of all Savings Bank Accounts
Interest Rates and Slabs of all Savings Bank Accounts
Rates are effective from 11/11/2018 (subject to change from time to time)
Sr. No. Savings Account Balance
Interest Rate Per Annum
Illustration
1
Up to Rs. 1 Lac
5%
5 % will be paid on balances up to Rs. 1 Lac
2
More than Rs. 1 Lac up to Rs. 10 Lacs
3
More than Rs. 10 Lacs up to Rs. 5 Crores
4
More than Rs. 5 Crores up to Rs. 25 Crores
5
More than Rs. 25 Crores
6% 7% 7.5% 8%
6 % will be paid on incremental balances above Rs. 1 Lac & up to Rs. 10 Lacs
7 % will be paid on incremental balances above Rs. 10 Lacs & up to Rs. 5 Crores
7.5 % will be paid on incremental balances above Rs. 5 Crores & up to Rs. 25 Crores
8 % will be paid on incremental balances above Rs. 25 Crores
Note:
1. Interest will be calculated on a daily product basis
2. The interest is paid / credited savings account on quarterly basis on 30th June, 30th September, 31st December and 31st March each year.
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