***Savings Account Interest Rates

Daily balance Rate of Interest (per annum) Effective Annualised Yield
  Effective from February 11, 2026
Upto INR 1 lakh 3.00% 3.04%
Above INR 1 lakh upto INR 5 lakh 3.00% 3.04%
Above INR 5 lakh upto INR 10 lakh 5.00% 5.12%
Above INR 10 lakh upto INR 7.5 Crore 6.00% 6.17%
Above INR 7.5 Crore upto INR 100 Crore 5.50% 5.64%

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Note:

  • Starting May 01, 2025, interest in Savings Bank Accounts is paid monthly instead of quarterly. The interest is calculated daily and is credited to customers’ accounts on the last day of each month.
  • The Bank calculates Savings Interest based on the actual number of days in a year. If your savings span both a leap year and a non-leap year, the interest is calculated accordingly: 366 days for a leap year and 365 days for a non-leap year.
  • Effective February 11, 2026, interest on Savings Account balances up to INR 100 crore will be calculated as per progressive slab structure. For balances exceeding INR 100 crore REPO Linked floating interest rate will be applicable on entire balance above INR 1 lakh (all rates applicable on the end of the day balances).
  • For balances above INR 100 crore please contact your relationship manager or Branch Manager.

To understand the interest calculation with an example click here.