Interest rates of various banks’ savings accounts vary significantly across banks, making it important to compare and choose the best option for your financial goals. The interest rate on savings accounts depends on the amount of deposit.Here’s a comparison of the latest savings account interest rates offered by Suryoday Small Finance Bank, Punjab & Sind Bank, and Bandhan Bank. Find out which bank provides the best returns on your deposits.
Suryoday Small Finance Bank savings account interest rate
The interest rates per annum for daily closing balance slabs (Domestic/NRE/NRO) are as follows:
The interest rates for savings account balances vary based on the deposit amount. For balances up to and including Rs 1lakh, the savings account interest rate is 2.50% per annum. The interest rate on deposits above Rs 1 lakh and up to Rs 5 lakh in a savings account is 4.00% per annum. Higher balances between Rs 5 lakh and Rs 10 lakh receive a significantly increased rate of interest of 7.25% per annum. For deposit amounts exceeding Rs 10 lakh and up to Rs 2 crore, the savings account interest rate rises to 7.50% per annum, which remains the same for deposits between Rs 2 crore and Rs 5 crore. Deposits above Rs 5 crore and up to Rs 25 crore enjoy the highest interest rate of 7.75% per annum. However, for balances exceeding Rs 25 crore, the interest rate is 7.25% per annum.
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| Daily Closing Balance Slabs (Domestic/NRE/NRO) | % rate per annum* |
| Up to and including Rs. 1 Lakh | 2.50% |
| Above Rs. 1 Lakh up to & including Rs. 5 Lakh | 4.00% |
| Above Rs. 5 Lakh up to & including Rs. 10 Lakh | 7.25% |
| Above Rs. 10 Lakh up to & including Rs. 2 Crore | 7.50% |
| Above Rs. 2 Crore up to & including Rs. 5 Crore | 7.50% |
| Above Rs. 5 Crore up to & including Rs. 25 Crore | 7.75% |
| Above Rs. 25 Crore | 7.25% |
Punjab and Sind Bank savings account interest rates
The revised interest rates for Savings Bank Deposits in Punjab and Sind Bank, including NRE/NRO accounts, effective from April 1, 2025, are as follows:HDFC Bank ends special edition deposit: Now offers highest FD interest of 7.75% from 7.90%The interest rates for savings account balances vary based on the deposit amount. For balances up to Rs 1 crore, the interest rate is 2.60% per annum. Deposits exceeding Rs 1 crore and up to Rs 50 crore earn a slightly higher interest rate of 2.80% per annum. For larger balances between Rs 50 crore and Rs 100 crore, the savings account interest rate increases significantly to 4.42% per annum. Deposits ranging from Rs 100 crore to Rs 500 crore receive an interest rate of 4.45% per annum. For balances exceeding Rs 500 crore, the highest interest rate of 4.90% per annum is applicable.
| Saving Bank Deposit including NRE/NRO | Revised Rates |
| w.e.f 1.04.2025 (% p.a) | |
| Upto 1 Crore | 2.60% |
| Above 1 Crore to upto 50 Crore | 2.80% |
| Above 50 Crore to upto 100 Crore | 4.42% |
| Above 100 Crore to upto 500 Crore | 4.45% |
| Above 500 Crore | 4.90% |
Bandhan Bank savings account interest rate
The interest rates for savings account balances are structured based on the deposit amount. For balances up to Rs 1 lakh, the savings account interest rate is 3.00% per annum. The same interest rate of 3.00% per annum applies to balances above Rs 1 lakh and up to Rs 5 lakh. However, for balances exceeding Rs 5 lakh and up to Rs 10 lakh, the interest rate increases to 5.00% per annum. For larger deposits above Rs10 lakh and up to Rs 250 crore, the highest savings account interest rate of 7.00% per annum is applicable.
| For End-of-Day Balance up to Rs 250 crore | |
| Balance Bucket | Interest Rate (p.a.) |
| Balance up to Rs 1 lakh | 3.00% |
| Balance above Rs 1 lakh to Rs 5 lakh | 3.00% |
| Balance above Rs 5 lakh to Rs 10 lakh | 5.00% |
| Balance above Rs 10 lakh to Rs 250 crore | 7.00% |
