• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Savings Account Interest Rates across Banks - Updated October 2024

Status
The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.

lostwords

TF Select
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
2.75​
2.75​
2.75​
2.75​
2.75​
2.75​
2.75​
2.75 - 4.50​
2.75​
2.90​
2.90​
2.90​
2.90​
2.90​
2.90​
2.90 - 3.10​
2.75​
2.75​
2.75​
2.75​
2.75​
2.75​
2.75​
2.75​
2.90​
2.90​
2.90​
2.90​
2.90​
2.90​
2.90 - 2.95​
3.05 - 4.00​
2.80​
2.80​
2.80​
2.80​
2.80​
2.80​
2.80​
3.00 - 3.25​
2.75​
2.75​
2.75​
2.80​
2.80​
2.80​
2.80​
2.80 - 2.90​
2.75​
2.75​
2.75​
2.75​
2.75​
2.75​
2.90​
2.90​
2.70​
2.70​
2.70​
2.70​
2.70​
2.70​
2.90​
2.90 - 5.00​
2.70​
2.70​
2.70​
2.75​
2.75​
2.75​
2.75​
2.75 - 3.00​
2.70​
2.70​
2.70​
2.70​
2.70​
2.70​
2.70​
3.00​
2.60​
2.60​
2.60​
2.75​
2.75​
2.75​
2.75​
2.75​
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
3.00​
3.00​
3.00​
3.00​
3.00​
3.50​
3.50​
3.50​
3.00​
6.00​
6.00​
7.00​
7.00​
7.00​
7.00 - 6.25​
6.50 - 8.15​
2.10​
2.75​
2.75​
2.75​
3.50​
4.00​
4.25 - 5.00​
5.00 - 7.85​
3.00​
3.50​
3.50​
4.00​
4.00​
4.00​
4.00​
4.00 - 5.00​
1.75​
3.00​
5.00​
7.65​
7.75​
7.75​
8.00 - 7.25​
7.00 - 5.50​
3.00​
3.25​
3.75​
3.75​
3.75​
4.00​
4.00​
4.00​
3.00​
3.00​
3.00​
3.00​
3.00​
3.75​
3.75 - 5.50​
5.50 - 7.30​
3.00​
3.00​
3.00​
3.00​
3.00​
3.50​
3.50​
3.50​
3.00​
3.00​
3.00​
3.00​
3.00​
3.50​
3.50​
3.50​
3.00​
4.00​
6.00​
7.00​
7.00​
7.00​
7.00​
7.00​
04 Feb 25​
3.00​
3.00​
7.25​
7.25​
7.25​
7.25​
7.25​
7.25 - 3.50​
04 Feb 25​
2.90​
2.90​
2.90​
2.90​
2.90​
2.90​
2.90​
2.90​
2.75​
2.75​
2.75​
2.75​
2.75​
3.50​
4.50​
4.50​
2.25​
2.25​
2.50​
3.00​
3.00​
3.00​
3.25​
3.25​
3.50​
3.50​
3.50​
3.50​
3.50​
4.00​
4.00​
4.00​
2.85​
2.85​
2.85​
2.85​
2.85​
2.85​
2.85​
2.85​
3.25​
4.50​
5.50​
6.50​
7.50​
7.50​
7.50 - 6.25​
6.25 - 6.00​
04 Feb 25​
2.50​
2.50 - 2.75​
2.75​
2.75​
2.75​
2.75​
2.75 - 4.50​
4.50 - 6.00​
3.00​
3.00​
3.00​
3.25​
3.25​
3.25​
3.25​
3.25​
3.00​
4.00​
5.00​
7.00​
7.00​
7.00​
7.00​
7.00​
04 Feb 25​
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
3.00​
3.00 - 4.00​
5.00​
7.00​
7.00​
7.00​
7.25 - 7.00​
6.00 - 4.00​
3.50​
3.50​
3.50​
3.50​
3.50​
3.50​
3.50​
3.50​
3.00​
5.00​
5.00 - 7.00​
7.00​
7.00​
7.00​
7.00​
7.00 - 7.80​
3.00​
5.00​
7.25​
7.50​
7.50​
7.50​
7.50 - 7.75​
7.75​
3.25​
5.00​
7.25​
7.25​
7.50​
7.50​
7.50​
7.50​
Feb 20, 2025
4.00​
6.25​
7.50​
7.50​
7.50​
7.50​
7.50​
7.50 - 7.75​
3.50​
6.00​
7.50​
7.50​
7.50​
7.50​
7.50​
7.50 - 8.00​
2.50​
5.00​
6.50​
7.50​
7.50​
7.50​
7.50​
7.55​
6.25​
6.25​
6.25​
6.25​
6.25​
6.25​
6.25​
6.25​
08 Feb 25​
3.00​
3.50​
3.50​
4.00​
6.00​
6.50​
6.00​
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.
 
Last edited by 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.
 
Last edited:
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
 
I calculated using compound interest calculator and compared banks which give daily interest like nesfb and monthly au and idfc with rbl which gives quarterly. The max annual benefit was with rbl because it gives on whole amount above 1l
 
Status
The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
Back
Top