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.
• Interest is paid at every calendar quarter on 30th June, 30th September, 31st December and 31st March.

 

IndusNet

Online banking application for personal banking users

Register Now View Demo

 

Credit Cards Online

Credit Cards Online application for personal banking users

 

Vehicle Loan Repayment Online

Pay Vehicle Loan Online

 

Other Online Services


About Us |  Media Room |  Feedback  |  Careers |  Terms and Conditions | Privacy Policy
Banking for Individuals  |  Banking for NRIs  |  Banking for Business Owners  |   Banking for Corporates & Institutions   |   Online Banking

IBL Registration Number NSE: INE231308847
MCX Stock Exchange Limited: INE261314434 for dealing in currency derivatives segment