Savings Account Interest Rates Today (October 2026)
Every bank's savings account rate for the balance you keep, side by side. Enter your balance to sort the banks by what it actually earns, including the banks that pay more on the part above a threshold.
On this page
Calculator and results
On a balance of ₹1,00,000, the highest savings account rate is 3% p.a. at RBL Bank, as of 21 October 2026, from each bank’s own website.
₹
Highest on ₹1,00,000
RBL Bank 3%
Lowest on ₹1,00,000
DCB Bank 1.5%
the best rate on ₹1,00,000 of 3% is 2.06% after tax and cess, and -2.61% after inflation (real return), using CPI inflation of 4.8% for August 2026 (RBI).
| Type | Credited | Calculator link | |||||
|---|---|---|---|---|---|---|---|
| RBL Bank | Private bank | 3%₹3,000 a year | 6%from ₹10,00,000 | Not stated | Monthly | 21 Oct 2026 | Calculate → |
| City Union Bank Bank does not say how its bands apply; shown as tiered | Private bank | 2.75%₹2,750 a year | 4.5%from ₹50,00,00,000 | ₹7,500 | Quarterly* | 21 Oct 2026 | Calculate → |
| Utkarsh Small Finance Bank | Small finance bank | 2.75%₹2,750 a year | 8.25%from ₹2,50,00,00,000 | Not stated | Quarterly | 21 Oct 2026 | Calculate → |
| Tamilnad Mercantile Bank Bank does not say how its bands apply; shown as tiered | Private bank | 2.6%₹2,600 a year | 6%from ₹2,00,00,000 | ₹1,000 | Quarterly | 21 Oct 2026 | Calculate → |
| Bank of Baroda Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 4.75%from ₹20,00,00,00,000 | Not stated | Quarterly* | 21 Oct 2026 | Calculate → |
| Bank of Maharashtra Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 2.75%above ₹1,00,00,00,000 | ₹2,000 | Quarterly | 21 Oct 2026 | Calculate → |
| Canara Bank Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 4%from ₹20,00,00,00,000 | Not stated | Quarterly | 21 Oct 2026 | Calculate → |
| Central Bank of India Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 4.75%above ₹20,00,00,00,000 | Not stated | Quarterly* | 21 Oct 2026 | Calculate → |
| Indian Bank Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 2.8%from ₹7,50,00,00,000 | Not stated | Quarterly | 21 Oct 2026 | Calculate → |
| Indian Overseas Bank Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 7%above ₹20,00,00,00,000 | ₹2,000 | Quarterly* | 21 Oct 2026 | Calculate → |
| Punjab National Bank Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 4.25%above ₹20,00,00,00,000 | Not stated | Quarterly* | 21 Oct 2026 | Calculate → |
| State Bank of India | Public sector bank | 2.5%₹2,500 a year | 2.5%any balance | None | Quarterly | 21 Oct 2026 | Calculate → |
| UCO Bank Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 2.5%any balance | ₹2,000 | Quarterly* | 21 Oct 2026 | Calculate → |
| Union Bank of India Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.5%₹2,500 a year | 6.25%above ₹30,00,00,00,000 | Not stated | Quarterly | 21 Oct 2026 | Calculate → |
| Axis Bank | Private bank | 2.5%₹2,500 a year | 2.5%any balance | Not stated | Quarterly | 21 Oct 2026 | Calculate → |
| Dhanlaxmi Bank | Private bank | 2.5%₹2,500 a year | 6.5%from ₹5,00,00,000 | Not stated | Quarterly* | 21 Oct 2026 | Calculate → |
| Federal Bank | Private bank | 2.5%₹2,500 a year | 5.5%from ₹50,00,00,000 | Not stated | Quarterly | 21 Oct 2026 | Calculate → |
| HDFC Bank | Private bank | 2.5%₹2,500 a year | 2.5%any balance | ₹10,000 | Quarterly | 21 Oct 2026 | Calculate → |
| ICICI Bank | Private bank | 2.5%₹2,500 a year | 2.5%any balance | ₹15,000 | Quarterly | 21 Oct 2026 | Calculate → |
| IDFC FIRST Bank | Private bank | 2.5%₹2,500 a year | 7%above ₹3,00,000 | ₹10,000 | Monthly | 21 Oct 2026 | Calculate → |
| IndusInd Bank | Private bank | 2.5%₹2,500 a year | 7.05%above ₹1,00,00,00,000 | ₹10,000 | Quarterly | 21 Oct 2026 | Calculate → |
| Kotak Mahindra Bank | Private bank | 2.5%₹2,500 a year | 2.5%any balance | Not stated | Quarterly | 21 Oct 2026 | Calculate → |
| YES BANK | Private bank | 2.5%₹2,500 a year | 7%from ₹1,00,00,00,000 | Not stated | Quarterly | 21 Oct 2026 | Calculate → |
| AU Small Finance Bank | Small finance bank | 2.5%₹2,500 a year | 7%from ₹1,00,00,00,000 | ₹10,000 | Monthly | 21 Oct 2026 | Calculate → |
| Equitas Small Finance Bank Bank does not say how its bands apply; shown as tiered | Small finance bank | 2.5%₹2,500 a year | 7%from ₹1,00,000 | ₹10,000 | Quarterly* | 21 Oct 2026 | Calculate → |
| Jana Small Finance Bank | Small finance bank | 2.5%₹2,500 a year | 7%from ₹50,00,000 | ₹2,000 | Quarterly* | 21 Oct 2026 | Calculate → |
| Suryoday Small Finance Bank | Small finance bank | 2.5%₹2,500 a year | 7.6%from ₹5,00,00,000 | Not stated | Monthly | 21 Oct 2026 | Calculate → |
| Ujjivan Small Finance Bank | Small finance bank | 2.5%₹2,500 a year | 7.15%from ₹25,00,00,000 | ₹1,000 | Monthly | 21 Oct 2026 | Calculate → |
| Karnataka Bank Bank does not say how its bands apply; shown as tiered | Private bank | 2.25%₹2,250 a year | 3.75%from ₹1,00,00,000 | ₹2,000 | Quarterly* | 21 Oct 2026 | Calculate → |
| Punjab & Sind Bank Bank does not say how its bands apply; shown as tiered | Public sector bank | 2.2%₹2,200 a year | 4.7%above ₹5,00,00,00,000 | Not stated | Quarterly* | 21 Oct 2026 | Calculate → |
| CSB Bank | Private bank | 2.1%₹2,100 a year | 7.4%from ₹3,00,00,00,000 | Not stated | Quarterly* | 21 Oct 2026 | Calculate → |
| DCB Bank | Private bank | 1.5%₹1,500 a year | 6.85%from ₹25,00,000 | ₹5,000 | Quarterly | 21 Oct 2026 | Calculate → |
- RBL Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 3%₹3,000 a year
- Highest rate
- 6%from ₹10,00,000
- Minimum balance
- Not stated
- Credited
- Monthly
- Last verified
- 21 Oct 2026
- City Union BankBank does not say how its bands apply; shown as tiered
- Type
- Private bank
- Rate on ₹1,00,000
- 2.75%₹2,750 a year
- Highest rate
- 4.5%from ₹50,00,00,000
- Minimum balance
- ₹7,500
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Utkarsh Small Finance Bank
- Type
- Small finance bank
- Rate on ₹1,00,000
- 2.75%₹2,750 a year
- Highest rate
- 8.25%from ₹2,50,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- Tamilnad Mercantile BankBank does not say how its bands apply; shown as tiered
- Type
- Private bank
- Rate on ₹1,00,000
- 2.6%₹2,600 a year
- Highest rate
- 6%from ₹2,00,00,000
- Minimum balance
- ₹1,000
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- Bank of BarodaBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 4.75%from ₹20,00,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Bank of MaharashtraBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 2.75%above ₹1,00,00,00,000
- Minimum balance
- ₹2,000
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- Canara BankBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 4%from ₹20,00,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- Central Bank of IndiaBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 4.75%above ₹20,00,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Indian BankBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 2.8%from ₹7,50,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- Indian Overseas BankBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7%above ₹20,00,00,00,000
- Minimum balance
- ₹2,000
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Punjab National BankBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 4.25%above ₹20,00,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- State Bank of India
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 2.5%any balance
- Minimum balance
- None
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- UCO BankBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 2.5%any balance
- Minimum balance
- ₹2,000
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Union Bank of IndiaBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 6.25%above ₹30,00,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- Axis Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 2.5%any balance
- Minimum balance
- Not stated
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- Dhanlaxmi Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 6.5%from ₹5,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Federal Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 5.5%from ₹50,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- HDFC Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 2.5%any balance
- Minimum balance
- ₹10,000
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- ICICI Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 2.5%any balance
- Minimum balance
- ₹15,000
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- IDFC FIRST Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7%above ₹3,00,000
- Minimum balance
- ₹10,000
- Credited
- Monthly
- Last verified
- 21 Oct 2026
- IndusInd Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7.05%above ₹1,00,00,00,000
- Minimum balance
- ₹10,000
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- Kotak Mahindra Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 2.5%any balance
- Minimum balance
- Not stated
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- YES BANK
- Type
- Private bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7%from ₹1,00,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
- AU Small Finance Bank
- Type
- Small finance bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7%from ₹1,00,00,00,000
- Minimum balance
- ₹10,000
- Credited
- Monthly
- Last verified
- 21 Oct 2026
- Equitas Small Finance BankBank does not say how its bands apply; shown as tiered
- Type
- Small finance bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7%from ₹1,00,000
- Minimum balance
- ₹10,000
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Jana Small Finance Bank
- Type
- Small finance bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7%from ₹50,00,000
- Minimum balance
- ₹2,000
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Suryoday Small Finance Bank
- Type
- Small finance bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7.6%from ₹5,00,00,000
- Minimum balance
- Not stated
- Credited
- Monthly
- Last verified
- 21 Oct 2026
- Ujjivan Small Finance Bank
- Type
- Small finance bank
- Rate on ₹1,00,000
- 2.5%₹2,500 a year
- Highest rate
- 7.15%from ₹25,00,00,000
- Minimum balance
- ₹1,000
- Credited
- Monthly
- Last verified
- 21 Oct 2026
- Karnataka BankBank does not say how its bands apply; shown as tiered
- Type
- Private bank
- Rate on ₹1,00,000
- 2.25%₹2,250 a year
- Highest rate
- 3.75%from ₹1,00,00,000
- Minimum balance
- ₹2,000
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- Punjab & Sind BankBank does not say how its bands apply; shown as tiered
- Type
- Public sector bank
- Rate on ₹1,00,000
- 2.2%₹2,200 a year
- Highest rate
- 4.7%above ₹5,00,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- CSB Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 2.1%₹2,100 a year
- Highest rate
- 7.4%from ₹3,00,00,00,000
- Minimum balance
- Not stated
- Credited
- Quarterly*
- Last verified
- 21 Oct 2026
- DCB Bank
- Type
- Private bank
- Rate on ₹1,00,000
- 1.5%₹1,500 a year
- Highest rate
- 6.85%from ₹25,00,000
- Minimum balance
- ₹5,000
- Credited
- Quarterly
- Last verified
- 21 Oct 2026
* The bank's page does not state how often interest is credited; quarterly is the RBI minimum for commercial banks. Rates change often. Check with the bank before opening an account. How we check these rates.
Rates as of 21 October 2026. Rates change often. Check with the bank before opening an account.
- What it is:
- A comparison of savings account interest rates across Indian banks, payments banks and the Post Office.
- What it calculates:
- The rate and yearly interest your balance earns at each bank, the highest slab rate, minimum balance and credit frequency.
Key Assumptions
- Rates are as published by each bank on the date shown.
- Regular savings accounts for resident individuals; premium or salary accounts may differ.
- Yearly interest ignores compounding within the year.
How does the Savings Account Interest Rates work?
Each rate here was read from the bank's own website or rate document, and the date it was checked is shown on the row with a link to the source. A row marked "may be outdated" has not been re-checked for more than 45 days.
The rate shown for your balance is the rate it effectively earns: for banks that pay a higher rate only on the part above a threshold, the higher rate applies to that part alone, so the blended rate is lower than the headline rate.
Small finance and payments bank deposits are insured by the DICGC up to ₹5 lakh per depositor per bank, the same as other banks. A higher rate is usually how a smaller bank attracts deposits.
Click Calculate on any row to open the savings account interest calculator with that bank and your balance filled in.
Savings account interest in India is calculated on your daily closing balance and is usually credited quarterly, so a balance that sits in the account all quarter earns the full rate. For what a specific balance earns over a year, use the Savings Account Interest Calculator; for money you will not need for a year or more, compare the highest FD rates.
Savings Account Interest Rates formula
Rate on your balance = annual interest on the balance at the bank's slab rates ÷ balance
- Highest rate
- = the top slab rate and the balance needed to get it
- Credited
- = how often interest is added to the account
Savings Account Interest Rates: worked example
Top 3 banks for a ₹5,00,000 balance
- Equitas Small Finance Bank
- 6.1% (₹30,500 a year)
- IDFC FIRST Bank
- 4.3% (₹21,500 a year)
- Utkarsh Small Finance Bank
- 3.65% (₹18,250 a year)
Savings Account Interest Rates: frequently asked questions
Which bank gives the highest savings account interest?
It depends on your balance, because many banks pay their best rate only above a threshold. Enter your balance at the top of the table to sort the banks by what that balance earns.
Are small finance bank savings accounts safe?
Small finance banks are scheduled banks licensed by the RBI, and deposits in them are insured by the DICGC up to ₹5 lakh per depositor per bank, the same cover as larger banks. Above ₹5 lakh, spreading money across banks keeps it within the cover.
How often do these rates change?
Banks can change savings rates at any time, often after a change in the RBI repo rate. Each row shows when it was last checked against the bank's site.
Is savings account interest taxed?
Yes, at your slab rate, without TDS. In the old regime, 80TTA (₹10,000, below 60) and 80TTB (₹50,000, seniors) reduce the taxable amount.
How is savings account interest calculated?
On your daily closing balance, at the rate that applies to that balance. Most banks add the interest to the account every quarter, though some credit it monthly.
Further reading
PPF vs FD: Compare Them After Tax, Not Before
An FD at 7.5% and PPF at 7.1% are not what they look like. FD interest is taxed at your slab and PPF interest is not.
Read article
SIP vs FD: Which Is Better for 3, 5 & 10 Year Wealth Creation?
Comprehensive comparison between Mutual Fund SIPs and Bank Fixed Deposits in India. Compare after-tax returns, volatility, inflation beating, and liquidity.
Read article
Reviewed by Pradipta Ray, MBA (Finance) · Updated