Savings Account Interest Rates across Banks - Updated October 2024

lostwords · Nov 5, 2023

Savings Account Interest Rates of RBI Scheduled Banks (DICGC Insured)
(in percentage %)
[As of October 6, 2024]

Public Sector Banks

Banks	Up to 1L	>1L to 5L	>5L to 10L	>10L to 25L	>25L to 50L	>50L to 1Cr	>1Cr to 10Cr	>10Cr	Updated
Bank of Baroda	2.75	2.75	2.75	2.75	2.75	2.75	2.75	2.75 - 4.50
Bank of India	2.75	2.90	2.90	2.90	2.90	2.90	2.90	2.90 - 3.10
Bank of Maharashtra	2.75	2.75	2.75	2.75	2.75	2.75	2.75	2.75
Canara Bank	2.90	2.90	2.90	2.90	2.90	2.90	2.90 - 2.95	3.05 - 4.00
Central Bank of India	2.80	2.80	2.80	2.80	2.80	2.80	2.80	3.00 - 3.25
Indian Bank	2.75	2.75	2.75	2.80	2.80	2.80	2.80	2.80 - 2.90
Indian Overseas Bank	2.75	2.75	2.75	2.75	2.75	2.75	2.90	2.90
Punjab & Sind Bank	2.70	2.70	2.70	2.70	2.70	2.70	2.90	2.90 - 5.00
Punjab National Bank	2.70	2.70	2.70	2.75	2.75	2.75	2.75	2.75 - 3.00
State Bank of India	2.70	2.70	2.70	2.70	2.70	2.70	2.70	3.00
UCO Bank	2.60	2.60	2.60	2.75	2.75	2.75	2.75	2.75
Union Bank of India	2.75	2.75	2.75	2.75	2.75	2.90	2.90	2.90 - 4.20

Private Sector Banks

Banks	Up to 1L	>1L to 5L	>5L to 10L	>10L to 25L	>25L to 50L	>50L to 1Cr	>1Cr to 10Cr	>10 Cr	Updated
Axis Bank	3.00	3.00	3.00	3.00	3.00	3.50	3.50	3.50
Bandhan Bank	3.00	6.00	6.00	7.00	7.00	7.00	7.00 - 6.25	6.50 - 8.15
CSB Bank	2.10	2.75	2.75	2.75	3.50	4.00	4.25 - 5.00	5.00 - 7.85
City Union Bank	3.00	3.50	3.50	4.00	4.00	4.00	4.00	4.00 - 5.00
DCB Bank	1.75	3.00	5.00	7.65	7.75	7.75	8.00 - 7.25	7.00 - 5.50
Dhanlaxmi Bank	3.00	3.25	3.75	3.75	3.75	4.00	4.00	4.00
Federal Bank	3.00	3.00	3.00	3.00	3.00	3.75	3.75 - 5.50	5.50 - 7.30
HDFC Bank	3.00	3.00	3.00	3.00	3.00	3.50	3.50	3.50
ICICI Bank	3.00	3.00	3.00	3.00	3.00	3.50	3.50	3.50
Induslnd Bank	3.00	4.00	6.00	7.00	7.00	7.00	7.00	7.00	04 Feb 25
IDFC First Bank	3.00	3.00	7.25	7.25	7.25	7.25	7.25	7.25 - 3.50	04 Feb 25
Jammu & Kashmir Bank	2.90	2.90	2.90	2.90	2.90	2.90	2.90	2.90
Karnataka Bank	2.75	2.75	2.75	2.75	2.75	3.50	4.50	4.50
Karur Vysya Bank	2.25	2.25	2.50	3.00	3.00	3.00	3.25	3.25
Kotak Mahindra Bank	3.50	3.50	3.50	3.50	3.50	4.00	4.00	4.00
Nainital Bank	2.85	2.85	2.85	2.85	2.85	2.85	2.85	2.85
RBL Bank	3.25	4.50	5.50	6.50	7.50	7.50	7.50 - 6.25	6.25 - 6.00	04 Feb 25
South Indian Bank	2.50	2.50 - 2.75	2.75	2.75	2.75	2.75	2.75 - 4.50	4.50 - 6.00
Tamilnad Mercantile Bank	3.00	3.00	3.00	3.25	3.25	3.25	3.25	3.25
YES Bank	3.00	4.00	5.00	7.00	7.00	7.00	7.00	7.00	04 Feb 25
IDBI Bank	2.75	2.90	3.00	3.00	3.00	3.00	3.00 - 3.25	3.25 - 3.50

Small Finance Banks

Banks	Up to 1L	>1L to 5L	>5L to 10L	>10L to 25L	>25L to 50L	>50L to 1Cr	>1Cr to 10 Cr	>10Cr	Updated
Au SF Bank	3.00	3.00 - 4.00	5.00	7.00	7.00	7.00	7.25 - 7.00	6.00 - 4.00
Capital SF Bank	3.50	3.50	3.50	3.50	3.50	3.50	3.50	3.50
Equitas SF Bank	3.00	5.00	5.00 - 7.00	7.00	7.00	7.00	7.00	7.00 - 7.80
Suryoday SF Bank	3.00	5.00	7.25	7.50	7.50	7.50	7.50 - 7.75	7.75
Ujjivan SF Bank	3.50	5.00	7.25	7.25	7.50	7.50	7.50	7.50
Utkarsh SF Bank	4.00	6.25	7.50	7.50	7.50	7.50	7.50	7.50 - 7.75
ESAF SF Bank	3.50	6.00	7.50	7.50	7.50	7.50	7.50	7.50 - 8.00
Jana SF Bank	2.50	5.00	6.50	7.50	7.50	7.50	7.50	7.55
North East SF Bank	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	04 Feb 25
Shivalik SF Bank	3.00	3.50	3.50	4.00	6.00	6.50	6.00
Unity SF Bank	6.00	7.25	7.50	7.50	7.50	7.50	7.50	7.50

I'll try to update the list quarterly so that it remains dynamic.

2025 · Sunday at 4:32 PM

lostwords said:
Savings Account Interest Rates of RBI Scheduled Banks (DICGC Insured)
(in percentage %)
[As of October 6, 2024]

Public Sector Banks

Banks
Up to 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10Cr
Above 10Cr
Bank of Baroda
2.75
2.75
2.75
2.75
2.75
2.75
2.75
2.75 - 4.50
Bank of India
2.75
2.90
2.90
2.90
2.90
2.90
2.90
2.90 - 3.10
Bank of Maharashtra
2.75
2.75
2.75
2.75
2.75
2.75
2.75
2.75
Canara Bank
2.90
2.90
2.90
2.90
2.90
2.90
2.90 - 2.95
3.05 - 4.00
Central Bank of India
2.80
2.80
2.80
2.80
2.80
2.80
2.80
3.00 - 3.25
Indian Bank
2.75
2.75
2.75
2.80
2.80
2.80
2.80
2.80 - 2.90
Indian Overseas Bank
2.75
2.75
2.75
2.75
2.75
2.75
2.90
2.90
Punjab & Sind Bank
2.70
2.70
2.70
2.70
2.70
2.70
2.90
2.90 - 5.00
Punjab National Bank
2.70
2.70
2.70
2.75
2.75
2.75
2.75
2.75 - 3.00
State Bank of India
2.70
2.70
2.70
2.70
2.70
2.70
2.70
3.00
UCO Bank
2.60
2.60
2.60
2.75
2.75
2.75
2.75
2.75
Union Bank of India
2.75
2.75
2.75
2.75
2.75
2.90
2.90
2.90 - 4.20

Private Sector Banks

Banks
Up to 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10Cr
>10 Cr
Axis Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
Bandhan Bank
3.00
6.00
6.00
7.00
7.00
7.00
7.00 - 6.25
6.50 - 8.15
CSB Bank
2.10
2.75
2.75
2.75
3.50
4.00
4.25 - 5.00
5.00 - 7.85
City Union Bank
3.00
3.50
3.50
4.00
4.00
4.00
4.00
4.00 - 5.00
DCB Bank
1.75
3.00
5.00
7.65
7.75
7.75
8.00 - 7.25
7.00 - 5.50
Dhanlaxmi Bank
3.00
3.25
3.75
3.75
3.75
4.00
4.00
4.00
Federal Bank
3.00
3.00
3.00
3.00
3.00
3.75
3.75 - 5.50
5.50 - 7.30
HDFC Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
ICICI Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
Induslnd Bank
3.00
5.00
6.00
6.75
6.75
6.75
6.75
6.75
IDFC First Bank
3.00
3.00
7.25
7.25
7.25
7.25
7.25
7.25 - 3.50
Jammu & Kashmir Bank
2.90
2.90
2.90
2.90
2.90
2.90
2.90
2.90
Karnataka Bank
2.75
2.75
2.75
2.75
2.75
3.50
4.50
4.50
Karur Vysya Bank
2.25
2.25
2.50
3.00
3.00
3.00
3.25
3.25
Kotak Mahindra Bank
3.50
3.50
3.50
3.50
3.50
4.00
4.00
4.00
Nainital Bank
2.85
2.85
2.85
2.85
2.85
2.85
2.85
2.85
RBL Bank
3.50
5.50
5.50
6.00
7.50
7.50
7.50 - 6.25
6.25 - 6.75
South Indian Bank
2.50
2.50 - 2.75
2.75
2.75
2.75
2.75
2.75 - 4.50
4.50 - 6.00
Tamilnad Mercantile Bank
3.00
3.00
3.00
3.25
3.25
3.25
3.25
3.25
YES Bank
3.00
4.00
5.00
7.00
7.00
7.00
7.00
7.00
IDBI Bank
2.75
2.90
3.00
3.00
3.00
3.00
3.00 - 3.25
3.25 - 3.50

Small Finance Banks

Banks
Up to 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10 Cr
>10Cr
Au SF Bank
3.00
3.00 - 4.00
5.00
7.00
7.00
7.00
7.25 - 7.00
6.00 - 4.00
Capital SF Bank
3.50
3.50
3.50
3.50
3.50
3.50
3.50
3.50
Equitas SF Bank
3.00
5.00
5.00 - 7.00
7.00
7.00
7.00
7.00
7.00 - 7.80
Suryoday SF Bank
3.00
5.00
7.25
7.50
7.50
7.50
7.50 - 7.75
7.75
Ujjivan SF Bank
3.50
5.00
7.25
7.25
7.50
7.50
7.50
7.50
Utkarsh SF Bank
4.00
6.25
7.50
7.50
7.50
7.50
7.50
7.50 - 7.75
ESAF SF Bank
3.50
6.00
7.50
7.50
7.50
7.50
7.50
7.50 - 8.00
Jana SF Bank
2.50
5.00
6.50
7.50
7.50
7.50
7.50
7.55
North East SF Bank
4.00
4.00
5.00
5.00
5.50
5.50
5.50
7.00 - 6.00
Shivalik SF Bank
3.00
3.50
3.50
4.00
6.00
6.50
6.00

Unity SF Bank
6.00
7.25
7.50
7.50
7.50
7.50
7.50
7.50

I'll try to update the list quarterly so that it remains dynamic.

Excellent thread but requires more frequent updates.

Shiv · Sunday at 10:24 PM

Update and add Post Office Saving Bank interest rate.

6ix9ine · 2025-02-03T23:06:17+0530

Bhaskar said:
Does bob not give interest on savings account? I have not received any interest for quarter ending Dec 24.

I got my interest few days ago, check yours.

Mr. Bean · 2025-02-04T06:56:01+0530

6ix9ine said:
I got my interest few days ago, check yours.

Screenshot 2025-02-04 at 6.54.51 AM.webp

I got it too on Feb 2, 2025.

Trust Me · 2025-02-04T07:39:17+0530

Shiv said:
Update and add Post Office Saving Bank interest rate.

There is no need. It's set in stone to be 4% since the stone age, and is likely to remain so till ..., since it's too much effort for them to tinker with it.

It's also too much effort for them sometimes to calculate and pay the correct interest one is entitled to.

And it is too much effort for them to even respond if someone has the temerity to complain!

So I have stopped bothering.
.

KGF · 2025-02-04T13:55:07+0530

Trust Me said:
There is no need. It's set in stone to be 4% since the stone age, and is likely to remain so till ..., since it's too much effort for them to tinker with it.

It's also too much effort for them sometimes to calculate and pay the correct interest one is entitled to.

And it is too much effort for them to even respond if someone has the temerity to complain!

So I have stopped bothering.
.

Even closing PO account is too much irritation with them. They simply refuse to do it and tell you to come back later. Both my wife and mom have post office accounts and I feel like bashing my own head on the wall whenever I have to interact with them. Wife, for some reason has money coming there! WHY!! Got both of them new bank accounts nearby home recently.

Pradumya · 2025-02-04T14:24:43+0530

lostwords said:
North East SF Bank

@lostwords last updated on 19 December, 6.5% flat interest rate for this bank.

I have updated it.

dvader · 2025-02-04T15:13:24+0530

Pradumya said:
@lostwords last updated on 19 December, 6.5% flat interest rate for this bank.

I have updated it.

I have updated for Indusind bank. Added an extra column at the end to indicate when a bank's entry was last updated by a member to get better insight into the data.

Edit: Updated for few other banks

Savings Account Interest Rates across Banks - Updated October 2024

lostwords

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2025

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Shiv

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6ix9ine

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Mr. Bean

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Trust Me

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KGF

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Pradumya

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dvader

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