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 daily products and will be credited in the SB A/c on quarterly basis in the months of May, August, November and February, respectively every year or at the time of closing of the SB A/c subject to minimum ₹1/- . Quarterly interest payment is effective from May 2016 and is invariably credited on regular basis in SB account 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. 23.09.2024 as follows:

Savings Deposit Revised Rate of Interest (% per annum)
w.e.f. 23.09.2024
Upto ₹ 1.00 lakhs 2.75
Above ₹.1 lakh to up to ₹. 500 Crs 2.90
Above ₹. 500 Crs to up to ₹.1000 Crs 3.00
Above ₹. 1000 Crs to up to ₹.1500 Crs 3.05
Above ₹. 1500 Crs 3.10