SAVINGS BANK DEPOSITS

Applicable Interest Rates on Savings Bank Deposits w.e.f 01st Sept, 2019:

Sr No. Savings Bank deposit slabs Rate of Interest

1

SB Deposit accounts with balances upto Rs. 1 lakh

3.50% p.a

2

SB Deposit accounts with balances above Rs. 1 lakh

3.00% p.a. (2.75% below RBI’s Repo Rate, with a minimum of 3.00% for the entire balance)



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