Savings Bank Account Interest Rate - w.e.f. October 18th, 2022
| Savings Bank Account Interest Rate Domestic / Non Resident (NRO/NRE)* | Rate p.a |
|---|---|
| Daily balance upto Rs. 1 Lakh | 4.00% |
| Daily balance above Rs. 1 Lakh Upto Rs. 10 Lakhs | 5.00% |
| Daily balance above Rs. 10 Lakhs Upto Rs. 1 Cr | 6.00% |
| Daily balance above Rs. 1 Cr Upto Rs. 100 Crs | 6.00%* |
| Indus Global Savings Account USD | Rate p.a w.e.f 6th March 2023 |
|---|---|
| <=1 Mio | 3.75% |
| >1 Mio <= 5 Mio | 5.00% |
| >5 Mio <= 25 Mio | 5.50% |
| >25 Mio <= 50 Mio | 5.85% |
| > 50 Mio<= 150 Mio | 5.85% |
| > 150 Mio | 2.50% |
Note: For rates on amount above INR 100 Crore, please contact your branch or Relationship Manager
Please note:
- The rates are applicable on Domestic/Non-resident (NRE/NRO) Savings Account, the interest on daily balance is calculated as below:
- a. 4.00% for daily balances up to Rs 1 Lakh
b. 5.00% for daily balances above 1 Lakhs and up to Rs.10 Lakhs, please note 5.00% will be paid on incremental balances above Rs 1 Lakh up to Rs 10 Lakh
c. 6.00% for balances above Rs.10 Lakhs and up to Rs.1 Crore, please note 6.00% will be paid on incremental balance above Rs.10 Lakhs up to Rs.1 Crore
d. *6.00% for balances above Rs.1 Crore and up to Rs.100 Crores, please note 6.00% will be paid on entire balance - For Interest rate on Deposit above Rs 100 Crore, please contact your Relationship Manager or visit your nearest branch
- #RFC Savings Rate is the rate applicable for 1Yr<2 Yrs on FCNR deposits and is available only in USD, GBP & Euro
- Balances of Grouped Savings Accounts will not be added before applying rates. The grouping of balance is only for minimum balance requirement / transaction pricing, if any.
- 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.
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