***Savings Account Interest Rates
| Daily balance | Rate of Interest (per annum) | Effective Annualised Yield |
| Effective from June 18, 2026 | ||
| 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 | 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.
- The Savings Account interest rate is calculated using a progressive slab method and paid to customers based on the applicable interest rate.
To understand the interest calculation with an example click here.












