What is the interest rate for SB account?
Latest Savings Account Interest Rates from Top Banks
| Bank Name | Interest Rate |
|---|---|
| Axis Bank Savings Account | 3.50% p.a. – RBI’s Repo Rate plus 0.85% |
| Kotak Mahindra Bank Savings Account | 4.00% – 6.00% p.a. |
| Yes Bank Savings Account | 5.00% – 6.25% p.a. |
| Bandhan Bank Savings Account | 4.00% – 7.00% p.a. |
Which public sector bank gives highest interest rate on savings account?
IDBI Bank and Punjab National Bank currently provide interest rates on savings accounts of up to 3.5 percent, followed by Bank of Baroda and Canara Bank with interest rates of up to 3.2 percent among the top list of public sector banks.
What is the interest rate for SB account in SBI?
2.70%
Which savings account is best in SBI?
SBI Savings Account Interest Rates & Minimum Balance Required
| Savings Account | Interest Rate | Minimum Balance |
|---|---|---|
| Basic Savings Bank Deposit Small Account | 2.70% p.a. | Nil |
| Savings Bank Account | 2.70% p.a. | Nil |
| Savings Account for Minors | 2.70% p.a. | Nil |
| Savings Plus Account | 2.70% p.a. | Nil |
How is SBI interest calculated?
If your savings account balance is above Rs. 1 lakh, then SBI Savings Account Interest Rate will be 2.75% lesser than the current Repo Rate. SBI Savings Account Interest Rate (For above Rs. 1 Lakh Balance)=Repo Rate-2.75%.
What is the interest of 10 lakh in SBI?
State Bank of India Fixed Deposit Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.3% | For 5 years with interest of 5.3% |
|---|---|---|
| ₹ 1 lakh | ₹130267 | ₹130267 |
| ₹ 2 lakh | ₹260534 | ₹260534 |
| ₹ 5 lakh | ₹651335 | ₹651335 |
| ₹ 10 lakh | ₹1302671 | ₹1302671 |