Savings Account Interest Rates

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	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.

s1t2y3a3m6 · Apr 19, 2024

Once upon a time there was an interest rate of 5% for SB account.

Pradumya · Jun 11, 2024

lostwords said:
3.50

Update for Shivalik SFB to 3% for under 1L

Pradumya · Jun 11, 2024

Humanbeing said:
Though Unity SFB is offering really good interest on SB but there is no option to open account online.

Now there is

Unity Small Finance Bank Zero Balance Account

Was going through the community, I found someone mentioning Wint wealth FD for zero balance account in Unity SFB. If anyone else opens up account thru this, please share your experience as well. It might help others. Went to wint wealth site to verify, found it true. Also if we withdraw the...

www.technofino.in

NOOBY said:
View attachment 45003

but they are calling themselves "Digital-First" bank 🤣

itssudiptadas · Sep 20, 2024

@lostwords update this information bank change interest rate for many of banks

Pradumya · Oct 1, 2024

AU bank update @lostwords

percolate · Oct 1, 2024

@lostwords can you sort the table in interest rate descending order Or bank name ascending order?

lostwords · Oct 2, 2024

@percolate sorry man, there's no sorting option present. It's a basic table.

pothi · Oct 2, 2024

@lostwords If you plan to include Payments Banks, Jio Payments Bank offers 3.5% interest. Source below...

Jio Payments Bank

JPB Web App

www.jiobank.in

taskmaster · Oct 23, 2024

Indusind Bank has some very good interest rate. Same for their FDs.

insomniac911 · Oct 31, 2024

Thanks for sharing!

vine · Nov 26, 2024

Change in IndusInd bank interest rates from 26-nov-2024
New rates:
3% 4% 6% 7% 7% 7%

yobro · Dec 9, 2024

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.

Kotak Mahindra Bank reduced interest rate to 3% one month ago.

Kotak Mahindra Bank cuts savings account interest rate by 50 bps: Check details

Latest Kotak Mahindra Bank savings account interest rates: Kotak Mahindra Bank recently announced a reduction in the interest rates for savings accounts with balances under Rs 5 lakh. These revised rates will come into effect on October 17, 2024.

m.economictimes.com

TechnoFi · Dec 10, 2024

@lostwords , Any other thread having similar tables for various bank fd rates ?

Savings Account Interest Rates

lostwords

TF Select

s1t2y3a3m6

TF Ace

Pradumya

TF Ace

Pradumya

TF Ace

Unity Small Finance Bank Zero Balance Account

itssudiptadas

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Pradumya

TF Ace

Attachments

percolate

TF Premier

lostwords

TF Select

pothi

TF Ace

Jio Payments Bank

taskmaster

TF Select

insomniac911

TF Buzz

vine

TF Legend

yobro

TF Premier

Kotak Mahindra Bank cuts savings account interest rate by 50 bps: Check details

TechnoFi

TF Premier

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