State Bank Of India Savings Account Interest Rate

Sb deposit accounts with balances above rs.

State bank of india savings account interest rate. For balance upto rs. Interest will not be paid on account balances over 5 000 000. Changes to the savings deposit rate will be posted on our website from time to time. Aer stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once a year.

Marginal cost of funds based lending rate historical data penalty on premature withdrawal of deposits from 01 04 2017. On the other hands the bank was not that kind to investors and savings account holders it cut interest rates on savings accounts and fixed deposits. Savings bank interest rates for 10 years. Interest interest is payable on the credit balances in the account at our savings deposit rate.

Hdfc bank savings account interest rate 3 50. Sbi state bank of india offers an interest rate at the rate of 3 5 percent on its savings account that have the balance upto rs one crore and 4 per cent on the balance above rs 1 crore. Domestic term deposits interest rates for 10 years. Karur vysya bank savings account interest rate 2 75 9.

Is there a limit on the maximum balance when it comes to basic savings bank deposit account. Gross is the contractual rate payable before the deduction of income tax at the rate specified by law. Hdfc bank is one of the most popular private banks in india. Savings bank deposit slabs existing rate of interest revised rate of interest w e f.

For balance upto rs. Hdfc savings account interest rate. Sb deposit accounts with balances upto rs. The bank offers two slabs of interest on the savings account.

1 lakh ii 2 75 p a. For balance above rs. Domestic term deposits rs 2 crore and above interest rates revised w e f. No there is no limit on the maximum balance when it comes to basic savings bank deposit account.

The bank has around 6 000 branches in around 2800 cities across the country. Interest on cc od w e f 1st may 2019. Cheque book may be issued for savings account s at our discretion. Majority of public sector banks usually pay interest between 3 5 to 4 based on amount deposited but private banks offer higher interest on savings account.

In good news to borrowers the lender cut interest rates on mclr linked loans by 10 basis points. The country s largest lender state bank of india has been on an interest rate cutting spree wednesday morning. Large banks both government owned and from the private sector are giving far lower interest rates to the savings account holders. For instance state bank of india and bank of baroda pays just 2.