1860-500-5004/1800-209-0061
Rates
Savings Bank Account
| Savings Bank Account Interest Rate effective 1st November, 2011 | |
| Account Type | Rate p.a |
| Domestic* | |
| a. Daily Balance upto Rs 1 Lac | 5.50% |
| b. Daily Balance above Rs 1 Lac | 6.00% |
| Non Resident | |
| a. NRO | 4.00% |
| b. NRE | 4.00% |
| Points to note: | |
| • Revised interest rates are applicable w.e.f 1st November 2011 till further notice. The Bank has the right to change the rate at its discretion. | |
| • Interest will be calculated on daily basis, basis the end of day ledger balance in the account. Interest of 5.50% p.a will be applied for amount upto Rs.1,00,000/-, while 6% p.a will be applied on the incremental amount. | |
| • Balances of Grouped Savings Accounts will not be added before applying rates. The grouping of balance is only from the perspective of minimum balance requirement perspective and/or balance based transaction pricing. | |
| • Interest Credit is shown in the E-Statement / Physical Statement / Net-Banking statement. | |
| • The interest is paid at half yearly intervals on 30th September & 31st March every year. |
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