SAVINGS BANK DEPOSITS

Revision of Interest Rates on Savings Bank Deposits With effect from 31st July 2017:

Sr No. Particulars Rate of Interest

1

Saving Deposits Balance upto Rs. 1 crore.

3.50% p.a

2

Saving Deposits Balance above Rs. 1 crore.

4.00% p.a



Savings Bank Interest rate for balances above Rs 1 lakh w.e.f 1st May 2019

Savings Bank Deposit accounts with balances above Rs. 1 lakh

2.75% below RBI’s Repo Rate