Savings Account Interest Rates

lostwords · Nov 5, 2023

Savings Account Interest Rates of RBI Scheduled Banks (in percentage %) [As of 20 April 2024]

Public Sector Banks >>>

Banks	Upto 1L	>1L to 5L	>5L to 10L	>10L to 25L	>25L to 50L	>50L to 1Cr	>1Cr to 10Cr	Above 10Cr
Bank of Baroda	2.75	2.75	2.75	2.75	2.75	2.75	2.75	2.75 - 4.50
Bank of India	2.75	2.90	2.90	2.90	2.90	2.90	2.90	2.90
Bank of Maharashtra	2.75	2.75	2.75	2.75	2.75	2.75	2.75	2.75
Canara Bank	2.90	2.90	2.90	2.90	2.90	2.90	2.90 - 2.95	3.05 - 4.00
Central Bank of India	2.80	2.80	2.80	2.80	2.80	2.80	2.80	3.00 - 3.25
Indian Bank	2.75	2.75	2.75	2.80	2.80	2.80	2.80	2.80 - 2.90
Indian Overseas Bank	2.75	2.75	2.75	2.75	2.75	2.75	2.90	2.90
Punjab & Sind Bank	2.70	2.70	2.70	2.70	2.70	2.70	2.90	2.90 - 5.00
Punjab National Bank	2.70	2.70	2.70	2.75	2.75	2.75	2.75	2.75 - 3.00
State Bank of India	2.70	2.70	2.70	2.70	2.70	2.70	2.70	3.00
UCO Bank	2.60	2.60	2.60	2.75	2.75	2.75	2.75	2.75
Union Bank of India	2.75	2.75	2.75	2.75	2.75	2.90	2.90	2.90 - 4.00

Private Sector Banks >>>

Banks	Upto 1L	>1L to 5L	>5L to 10L	>10L to 25L	>25L to 50L	>50L to 1Cr	>1Cr to 10Cr	>10 Cr
Axis Bank	3.00	3.00	3.00	3.00	3.00	3.50	3.50	3.50
Bandhan Bank	3.00	6.00	6.00	7.00	7.00	7.00	7.00 - 6.25	6.50 - 8.05
CSB Bank	2.10	2.75	2.75	2.75	3.50	4.00	4.25 - 5.00	5.00 - 7.85
City Union Bank	3.00	3.50	3.50	4.00	4.00	4.00	4.00	4.00 - 5.00
DCB Bank	1.75	3.00	5.25	8.00	8.00	8.00	8.00 - 7.00	7.75 - 5.50
Dhanlaxmi Bank	3.00	3.25	3.75	3.75	3.75	4.00	4.00	4.00
Federal Bank	3.05	3.05	3.10	3.10	3.10	3.75	3.75 - 5.50	5.50 - 7.81
HDFC Bank	3.00	3.00	3.00	3.00	3.00	3.50	3.50	3.50
ICICI Bank	3.00	3.00	3.00	3.00	3.00	3.50	3.50	3.50
Induslnd Bank	3.50	5.00	6.00	6.75	6.00 - 6.75	6.75	6.75	6.75
IDFC First Bank	3.00	4.00	7.00	7.00	7.00	7.00	7.00	7.00 - 3.50
Jammu & Kashmir Bank	2.90	2.90	2.90	2.90	2.90	2.90	2.90	2.90
Karnataka Bank	2.75	2.75	2.75	2.75	2.75	3.50	4.50	4.50
Karur Vysya Bank	2.25	2.25	2.50	3.00	3.00	3.00	3.25	3.25
Kotak Mahindra Bank	3.50	3.50	3.50	3.50	3.50	4.00	4.00	4.00
Nainital Bank	2.85	2.85	2.85	2.85	2.85	2.85	2.85	2.85
RBL Bank	4.25	5.50	5.50	6.00	7.50	7.50	7.50 - 6.25	6.25 - 6.75
South Indian Bank	2.50	2.50 - 2.75	2.75	2.75	2.75	2.75	2.75 - 4.50	4.50 - 6.00
Tamilnad Mercantile Bank	3.00	3.00	3.00	3.25	3.25	3.25	3.25	3.25
YES Bank	3.00	4.00	5.00	7.00	7.00	7.00	7.00	7.00
IDBI Bank	2.75	3.00	3.00	3.00	3.00	3.00	3.00 - 3.25	3.25 - 3.50

Small Finance Banks >>>

Banks	Upto 1L	>1L to 5L	>5L to 10L	>10L to 25L	>25L to 50L	>50L to 1Cr	>1Cr to 10 Cr	>10Cr
Au SF Bank	3.00	4.00	5.00	7.00	7.00	7.00	7.25 - 7.00
Capital SF Bank	3.50	3.50	3.50	3.50	3.50	3.50	3.50	3.50
Equitas SF Bank	3.50	5.00	7.00	7.00	7.00	7.00	7.00	7.00 - 7.80
Suryoday SF Bank	3.00	5.00	7.25	7.50	7.50	7.50	7.50 - 7.75	7.75 - 7.25
Ujjivan SF Bank	3.50	5.00	7.50	7.50	7.50	7.50	7.50	7.50
Utkarsh SF Bank	4.00	6.25	7.50	7.50	7.50	7.25	7.25	7.50 - 7.75
ESAF SF Bank	3.50	6.00	5.50	7.50	7.50	7.50	7.50	7.50 - 8.00
Fincare SF Bank	3.00	5.00	5.00	7.00	7.00	7.00	7.25 - 7.00
Jana SF Bank	3.50	5.00	7.50	7.50	7.50	7.50	7.50	7.55
North East SF Bank	4.00	4.00	5.00	5.00	5.50	5.50	5.50	5.75 - 6.00
Shivalik SF Bank	3.50	3.50	3.50	4.00	4.00	4.50	6.00
Unity SF Bank	6.00	7.00	7.25	7.25 - 7.50	7.50	7.50	7.50 - 7.75	7.75

I will try to update this list quarterly so that it remains dynamic.

wolfdalalstreet · Nov 5, 2023

Thanks. Good post !

gamersgzb · Nov 5, 2023

lostwords said:
Savings Account Interest Rates of RBI Scheduled Banks (in percentage %)

Public Sector Banks >>>

Banks
Upto 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10Cr
Above 10Cr
Bank of Baroda
2.75
2.75
2.75
2.75
2.75
2.75
2.75
2.75 - 3.35
Bank of India
2.75
2.90
2.90
2.90
2.90
2.90
2.90
2.90
Bank of Maharashtra
2.75
2.75
2.75
2.75
2.75
2.75
2.75
2.75
Canara Bank
2.90
2.90
2.90
2.90
2.90
2.90
2.90 - 2.95
3.05 - 4.00
Central Bank of India
2.90
2.90
2.90
2.90
2.90
2.90
2.90
3.00 - 3.30
Indian Bank
2.75
2.75
2.75
2.75
2.75
2.75
2.75
2.80 - 2.90
Indian Overseas Bank
2.75
2.75
2.75
2.75
2.75
2.75
2.90
2.90
Punjab & Sind Bank
2.70
2.70
2.70
2.70
2.70
2.70
2.70 - 2.90
2.90 - 5.00
Punjab National Bank
2.70
2.70
2.70
2.70
2.70
2.70
2.70
2.75 - 3.00
State Bank of India
2.70
2.70
2.70
2.70
2.70
2.70
2.70
3.00
UCO Bank
2.60
2.60
2.60
2.75
2.75
2.75
2.75
2.75
Union Bank of India
2.75
2.75
2.75
2.75
2.75
2.90 - 3.55
2.90 - 3.55
2.90 - 3.55

Private Sector Banks >>>

Banks
Upto 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10Cr
>10 Cr
Axis Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
Bandhan Bank
3.00
6.00
7.00
7.00
7.00
7.00
7.00 - 6.25
6.50
CSB Bank
2.10
2.75
2.75
2.75
2.75 - 3.50
4.00
4.25 - 5.00
5.00 - 7.85
City Union Bank
3.00
3.50
3.50
4.00
4.00
4.00
4.00
4.00 - 5.00
DCB Bank
1.75
3.00
5.25
8.00
8.00
8.00
8.00 - 7.00
7.75 - 5.50
Dhanlaxmi Bank
3.00
3.25
3.75
3.75
3.75
4.00
4.00
4.00
Federal Bank
3.45
3.45
3.40
3.40
3.40
2.75

HDFC Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
ICICI Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
Induslnd Bank
3.50
5.00
5.00
6.00
6.00 - 6.75
6.75
6.75 - 6.00
6.00
IDFC First Bank
3.00
4.00
7.00
7.00
7.00
7.00
7.00
7.00 - 3.50
Jammu & Kashmir Bank
2.90
2.90
2.90
2.90
2.90
2.90
2.90
2.90
Karnataka Bank
2.75
2.75
2.75
2.75
2.75
3.50
4.50
4.50
Karur Vysya Bank
2.25
2.25
2.50
3.00
3.00
3.00
3.25
3.25 - 5.25
Kotak Mahindra Bank
3.50
3.50
3.50
3.50
3.50
4.00
4.00
4.00
Nainital Bank
2.85
2.85
2.85
2.85
2.85
2.85
2.85
2.85
RBL Bank
4.25
5.50
5.50
6.00
7.50
7.50
7.50 - 6.25
6.25 - 6.75
South Indian Bank
2.50
2.50 - 2.75
2.75
2.75
2.75
2.75
2.75 - 4.50
4.50 - 6.00
Tamilnad Mercantile Bank
3.00
3.00
3.00
3.25
3.25
3.25
3.25
3.25
YES Bank
3.50
4.00
5.00
7.00
7.00
7.00
7.00 - 6.00
6.00
IDBI Bank
3.00
3.00
3.00
3.00
3.00
3.00
3.00 - 3.25
3.25 - 3.50

Small Finance Banks >>>

Banks
Upto 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10 Cr
>10Cr
Au SF Bank
3.50
5.00
5.00
7.00
7.00
7.00
7.25 - 7.00

Capital SF Bank
3.50
3.50
3.50
3.50
3.50
3.50
3.50
3.50
Equitas SF Bank
3.50
5.25
7.00
7.00
7.00
7.00
7.00
7.00 - 7.80
Suryoday SF Bank
3.50
5.00
6.00
7.00
7.00
7.00
7.00 - 7.50
7.00 - 7.50
Ujjivan SF Bank
3.50
6.00
7.50
7.50
7.50
7.50
7.50
7.50
Utkarsh SF Bank
4.00
6.25
7.50
7.50
7.50
7.25
7.25
7.50
ESAF SF Bank
4.00
4.00
5.50
5.50 - 7.00
7.00
7.50
7.50
7.50
Fincare SF Bank
3.51
5.11 - 7.11
7.25
7.25
7.25
7.50
7.50 - 7.00
6.50 - 3.00
Jana SF Bank
3.50
5.00
7.50
7.50
7.50
7.50
7.50
7.55
North East SF Bank
4.00
4.00
5.00
5.00
5.50
5.50
5.50
5.75 - 6.00
Shivalik SF Bank
3.50
3.50
3.50
4.00
4.00
4.50
6.00

Unity SF Bank
6.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00

I will try to update this list quarterly so that it remains dynamic. But it'll be beneficial if the admin gives Edit rights to genuine members so that they can also update the data.

Usually you can update the post.. i think if your account level upgrades in forum then you will get access..
Please add one more field like interest credited monthly or quarterly.. like for idfc it's monthly credit

viznu99 · Nov 5, 2023

DCB at 8% is wow ! Very insightful post , thanks for sharing

starstruck · Nov 5, 2023

The problem will all these higher rates >4% in private banks is that they are all applicable on incremental balances. SFBs are too risky to go above 5 lakhs.

viznu99 · Nov 6, 2023

starstruck said:
The problem will all these higher rates >4% in private banks is that they are all applicable on incremental balances. SFBs are too risky to go above 5 lakhs.

Meaning ? Could you pls elaborate

Example :
AU offers 5% on 5L-10L & 7% on 10L-25L.
Assume that deposit is of 12L.
Does this mean 7% is applicable on entire 12L or only on incremental ie. 2L?

gamersgzb · Nov 6, 2023

viznu99 said:
Meaning ? Could you pls elaborate

Example :
AU offers 5% on 5L-10L & 7% on 10L-25L.
Assume that deposit is of 12L.
Does this mean 7% is applicable on entire 12L or only on incremental ie. 2L?

Only on 2L

D₹V · Nov 6, 2023

Great post 👏, keep it up 👍.

NOOBY · Nov 6, 2023

r/DataIsBeautiful

Thanks for making this post 🙏

NOOBY · Dec 4, 2023

@TechnoFino @bhavyegoel please pin this post... its quite handy

jarunbalaji91 · Feb 11, 2024

Very informative post.

SpidySpider · Feb 11, 2024

Great post @lostwords . Also I have seen there have been many people in this community who make a template. Does anyone have any template where it fetches fd/savings rate directly from the bank site into an Excel/word? Or even an app maybe?

prash1161 · Feb 11, 2024

lostwords said:
Savings Account Interest Rates of RBI Scheduled Banks (in percentage %)

Public Sector Banks >>>

Banks
Upto 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10Cr
Above 10Cr
Bank of Baroda
2.75
2.75
2.75
2.75
2.75
2.75
2.75
2.75 - 3.35
Bank of India
2.75
2.90
2.90
2.90
2.90
2.90
2.90
2.90
Bank of Maharashtra
2.75
2.75
2.75
2.75
2.75
2.75
2.75
2.75
Canara Bank
2.90
2.90
2.90
2.90
2.90
2.90
2.90 - 2.95
3.05 - 4.00
Central Bank of India
2.90
2.90
2.90
2.90
2.90
2.90
2.90
3.00 - 3.30
Indian Bank
2.75
2.75
2.75
2.75
2.75
2.75
2.75
2.80 - 2.90
Indian Overseas Bank
2.75
2.75
2.75
2.75
2.75
2.75
2.90
2.90
Punjab & Sind Bank
2.70
2.70
2.70
2.70
2.70
2.70
2.70 - 2.90
2.90 - 5.00
Punjab National Bank
2.70
2.70
2.70
2.70
2.70
2.70
2.70
2.75 - 3.00
State Bank of India
2.70
2.70
2.70
2.70
2.70
2.70
2.70
3.00
UCO Bank
2.60
2.60
2.60
2.75
2.75
2.75
2.75
2.75
Union Bank of India
2.75
2.75
2.75
2.75
2.75
2.90
2.90
2.90 - 3.55

Private Sector Banks >>>

Banks
Upto 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10Cr
>10 Cr
Axis Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
Bandhan Bank
3.00
6.00
7.00
7.00
7.00
7.00
7.00 - 6.25
6.50
CSB Bank
2.10
2.75
2.75
2.75
2.75 - 3.50
4.00
4.25 - 5.00
5.00 - 7.85
City Union Bank
3.00
3.50
3.50
4.00
4.00
4.00
4.00
4.00 - 5.00
DCB Bank
1.75
3.00
5.25
8.00
8.00
8.00
8.00 - 7.00
7.75 - 5.50
Dhanlaxmi Bank
3.00
3.25
3.75
3.75
3.75
4.00
4.00
4.00
Federal Bank
3.45
3.45
3.40
3.40
3.40
2.75

HDFC Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
ICICI Bank
3.00
3.00
3.00
3.00
3.00
3.50
3.50
3.50
Induslnd Bank
3.50
5.00
5.00
6.00
6.00 - 6.75
6.75
6.75 - 6.00
6.00
IDFC First Bank
3.00
4.00
7.00
7.00
7.00
7.00
7.00
7.00 - 3.50
Jammu & Kashmir Bank
2.90
2.90
2.90
2.90
2.90
2.90
2.90
2.90
Karnataka Bank
2.75
2.75
2.75
2.75
2.75
3.50
4.50
4.50
Karur Vysya Bank
2.25
2.25
2.50
3.00
3.00
3.00
3.25
3.25 - 5.25
Kotak Mahindra Bank
3.50
3.50
3.50
3.50
3.50
4.00
4.00
4.00
Nainital Bank
2.85
2.85
2.85
2.85
2.85
2.85
2.85
2.85
RBL Bank
4.25
5.50
5.50
6.00
7.50
7.50
7.50 - 6.25
6.25 - 6.75
South Indian Bank
2.50
2.50 - 2.75
2.75
2.75
2.75
2.75
2.75 - 4.50
4.50 - 6.00
Tamilnad Mercantile Bank
3.00
3.00
3.00
3.25
3.25
3.25
3.25
3.25
YES Bank
3.50
4.00
5.00
7.00
7.00
7.00
7.00 - 6.00
6.00
IDBI Bank
3.00
3.00
3.00
3.00
3.00
3.00
3.00 - 3.25
3.25 - 3.50

Small Finance Banks >>>

Banks
Upto 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10 Cr
>10Cr
Au SF Bank
3.50
5.00
5.00
7.00
7.00
7.00
7.25 - 7.00

Capital SF Bank
3.50
3.50
3.50
3.50
3.50
3.50
3.50
3.50
Equitas SF Bank
3.50
5.25
7.00
7.00
7.00
7.00
7.00
7.00 - 7.80
Suryoday SF Bank
3.50
5.00
6.00
7.00
7.00
7.00
7.00 - 7.50
7.00 - 7.50
Ujjivan SF Bank
3.50
6.00
7.50
7.50
7.50
7.50
7.50
7.50
Utkarsh SF Bank
4.00
6.25
7.50
7.50
7.50
7.25
7.25
7.50
ESAF SF Bank
4.00
4.00
5.50
5.50 - 7.00
7.00
7.50
7.50
7.50
Fincare SF Bank
3.51
5.11 - 7.11
7.25
7.25
7.25
7.50
7.50 - 7.00
6.50 - 3.00
Jana SF Bank
3.50
5.00
7.50
7.50
7.50
7.50
7.50
7.55
North East SF Bank
4.00
4.00
5.00
5.00
5.50
5.50
5.50
5.75 - 6.00
Shivalik SF Bank
3.50
3.50
3.50
4.00
4.00
4.50
6.00

Unity SF Bank
6.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00

I will try to update this list quarterly so that it remains dynamic. But it'll be beneficial if the admin gives Edit rights to genuine members so that they can also update the data.

Rbl best i every condition

Trust Me · Feb 11, 2024

prash1161 said:
Rbl best i every condition

How so? Please explain.

prash1161 · Feb 11, 2024

Trust Me said:
How so? Please explain.

Best interest rates

Trust Me · Feb 13, 2024

prash1161 said:
Best interest rates

In every condition?! The above table doesn't corroborate that, I'm afraid.

Humanbeing · Mar 1, 2024

Though Unity SFB is offering really good interest on SB but there is no option to open account online.

NOOBY · Mar 6, 2024

Humanbeing said:
Though Unity SFB is offering really good interest on SB but there is no option to open account online.

but they are calling themselves "Digital-First" bank

Pradumya · Apr 17, 2024

lostwords said:
Banks
Upto 1L
>1L to 5L
>5L to 10L
>10L to 25L
>25L to 50L
>50L to 1Cr
>1Cr to 10 Cr
>10Cr
Au SF Bank
3.00
5.00

Please update >1L to 5L column for AU SFB - revised to 4% effective 17 April 2024

I am not authorised to update

lostwords · Apr 19, 2024

Pradumya said:
Please update >1L to 5L column for AU SFB - revised to 4% effective 17 April 2024

I will, surely.
Crazy AU bank 😅 I thought they are done updating their interest rates as the FY 24-25 has already begun.

Savings Account Interest Rates

TF Select

TF Premier

TF Ace

TF Select

TF Premier

TF Select

TF Ace

TF Prestige

TF Ace

TF Ace

TF Buzz

TF Premier

TF Ace

TF Ace

TF Ace

TF Ace

TF Select

TF Ace

TF Premier

TF Select

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