Saving Bank Deposit Rates
Saving Bank Deposit Interest :
Interest shall be paid on SB Deposits at the rate of Interest as mentioned in the table given below. Interest is calculated on a daily product basis and will be credited in the SB Account in the months of May, August, November and February, respectively every year or at the time of closure of the SB Account. In SB Account payment of interest on deposits shall be rounded off to the nearest rupee for rupee deposit. Invariably, interest shall be credited on a regular basis in SB accounts irrespective of the operational status of the account.
Any change/ revision in interest rate on Savings Bank Deposits shall be notified to the customers through Bank's website
Saving Bank Deposit Rate of Interest
The Revised Rate of Interest on Domestic Rupees, NRO/NRE Savings Deposit w.e.f. 07.07.2025 as follows:
Savings Deposit | Revised Rate of Interest (% per annum) w.e.f. 07.07.2025 |
---|---|
Upto ₹ 1.00 lakhs | 2.50 |
Above ₹ 1 lakh to up to ₹ 500 Crs | 2.75 |
Above ₹ 500 Crs to up to ₹ 1000 Crs | 3.00 |
Above ₹ 1000 Crs to up to ₹ 1500 Crs | 3.15 |
Above ₹ 1500 Crs to up to ₹ 2000 Crs | 3.30 |
Above ₹ 2000 Crs to up to ₹ 2500 Crs | 3.50 |
Above ₹ 2500 Crs | 3.65 |