Photo Credit: Source: Jcomp on Freepik
Many banks have revised their savings account interest rates. Check them now
This public sector bank is offering an interest rate of 2.70% per annum on savings account having balances less than Rs. 10 crores.
Photo Credit: Source: SBI Logo
PNB offers a 2.70% annual interest rate on savings accounts with account balances under Rs. 10 lakhs. The interest rate is 2.75% for account balances between Rs. 10 lakh and less than Rs. 100 crores, while it is 3% for account balances beyond Rs. 100 crores.
Photo Credit: Source: PNB Logo
On savings accounts with a minimum balance of Rs. 50 lakhs or less, HDFC Bank provides a 3% annual interest rate. An interest rate of 3.50% per year is offered for account balances more than Rs. 50 lakhs.
Photo Credit: Source: HDFC Bank Logo
ICICI Bank will pay 3% interest annually on savings accounts with balances under Rs. 50 lakhs and 3.50% interest annually on accounts with balances of Rs. 50 lakhs or above.
Photo Credit: An ICICI Bank branch in Mumbai. (Photo: Vijay Sartape/BQ Prime)
On Axis Bank savings accounts with balances under Rs. 50 lakhs, a 3% annual interest rate is offered. Account balances between Rs. 50 lakhs and less than Rs. 800 crores get 3.50% interest.
This bank is offering an interest rate of 3.50% per annum for saving account balances up to Rs. 50 lakhs and a 4% interest rate on accounts with balances above Rs. 50 lakhs.
As of March 2023, savings bank accounts holding a daily balance of up to Rs. 1 lakh will receive 3.00% interest rate.