Tiered Interest Structure
Savings
Interest Rates
Flexible yields based on your daily closing balance. Effective from December 11, 2025.
Interest Rate Slabs
Calculated Daily
Balance up to ₹25 lakhs
2.50%p.a.
Balance above ₹25 lakhs and up to ₹2 Crore
3.00%p.a.
Balance > ₹2 Crore to ₹10 Crore
4.00%p.a.
Balance above ₹10 Crore
6.00%p.a.
Example: Balance ₹7.50 Cr
First Slab (0 - 25 lakhs)@ 2.50%
Second Slab (25 lakhs - 2 crores)@ 3.00%
Third Slab (2 crores - 7.5 crores)@ 4.00%
Example: Balance ₹12.50 Cr
Slab 1 (0 - 25 lakhs)@ 2.50%
Slab 2 (25 lakhs - 2 crores)@ 3.00%
Slab 3 (2 crores - 10 crores)@ 4.00%
Slab 4 (above 10 crores )@ 6.00%
RBI Calculation Guidelines
Daily Balance Method
Interest is calculated on the daily closing balance for each day. Formula: Closing Balance × (Annual Rate ÷ 365).
Quarterly Credits
Accumulated interest is credited to your account on a quarterly basis, or at frequencies set by the bank.
Quick Reference
- Days per year365 Days
- RoundingTo Nearest Paisa
- CompoundingDaily Balance