Savings Account Interest Rates across Banks - Updated October 2024

[lostwords]

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​
Tamilnadu 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 (SFB)

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​	3.25​	5.00​	7.25​	7.25​	7.50​	7.50​	7.50​	7.50​	Feb 20, 2025
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​	6.25​	6.25​	6.25​	6.25​	6.25​	6.25​	6.25​	6.25​	08 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.

 

[hender]

View attachment 84333

SB base Interest rate is reduced from 3.50% to 3.25% on Ujjivan. So, updated the OP.

You do keep Ujjivan account !!

 

[Mr. BeanMr. Bean is verified member.]

You do keep Ujjivan account !!

Yes. When their Digital SB account was zero bal account. Now 1k.

Also, there are a couple of branches nearby. Visited both personally to check the customer care before opening the digital savings account.

So, put some trust and moved a substantial portion of my savings (slowly) into Ujjivan, even though there are better interest rate (for FD) with other SFBs. Haven't regretted the decision.

I had the option to skip debit card. So, no charges levied for anything.

 

[hender]

Yes. When their Digital SB account was zero bal account. Now 1k.

Also, there are a couple of branches nearby. Visited both personally to check the customer care before opening the digital savings account.

So, put some trust and moved a substantial portion of my savings (slowly) into Ujjivan, even though there are better interest rate (for FD) with other SFBs. Haven't regretted the decision.

I had the option to skip debit card. So, no charges levied for anything.

Like minded people are not far away, 🎉
Almost on same pattern since 2018, I do keep ATM 🏧 for Cash and UPI