Seniors First Savings Account
Seniors First Savings Account
Earn up to
Key Benefits
Premium Classic Debit Card offering complimentary insurance cover up to INR 2.5 lakhs.
Use Billpay to manage your utility bill payments, including those for electricity, telephone, LIC premium, and more. It's easy, convenient, and secure.
To check your savings and/or current account balance on the phone, dial 18004190610 from your registered mobile number.
25% discount on first year locker rentals.
Exclusive health care benefits with our complimentary Medibuddy membership. Free Doorstep banking facility. Free and unlimited IMPS/NEFT/RTGS/ATM transactions.
Classic Debit Card
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Increased daily cap - POS spend limit: INR 1 lakh; ATM withdrawal: INR 50,000.
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Annual fees of just INR 250.
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Various insurance options and advantages up to INR 2.5 lakhs.
***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.
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