I was wondering about Savings account interest rate for different banks. Can you share a list?
I wanted to create a bank account so this will help me in making my decision.
Thanks.
Hello Utkarsh, here is the table with all data -
Savings Account Interest Rates of RBI Scheduled Banks (in percentage %)
Interest Rates for 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 |
Interest Rates for 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 |
Interest Rates for 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 can update this list from time to time as the data changes.