Savings Account Interest Rates

[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​	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]

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

 

[Pradumya]

3.50

Update for Shivalik SFB to 3% for under 1L

 

[Pradumya]

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

View attachment 45003

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

 

[itssudiptadas]

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

 

[Pradumya]

AU bank update @lostwords

 

[percolate]

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

 

[lostwords]

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

 

[pothi]

@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]

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

 

[insomniac911]

Thanks for sharing!