New Delhi: The interest rates on the savings account of any bank are pre-determined, and are added every quarter. At the same time, interest is calculated on the remaining balance daily. There is no maturity tenure in a savings bank account under FD. A savings account is for regular savings and liquidity. You can deposit and withdraw money at any time without any penalty or fee. In such a situation, let us know what percentage of interest State Bank of India (SBI), giant private bank HDFC Bank, and private bank ICICI Bank are offering on their savings accounts.
 

SBI Savings Account Rates

The largest public sector bank, Reserve Bank of India (SBI), offers 2.70 percent interest on savings accounts with a balance of up to Rs 10 crore and 3 percent interest on accounts with a balance of more than Rs 10 crore. These rates are applicable from October 15, 2022.
 

HDFC Bank Savings Account Interest Rates

At the same time, the country's largest lender HDFC Bank gives 3 percent interest on savings accounts with a balance of less than Rs 50 lakh, while accounts with a balance of more than Rs 50 lakh get a return of 3.50 percent. These rates are applicable from April 6, 2022.
 

ICICI Bank

After this, ICICI Bank offers 3 percent annual interest on accounts with balances less than Rs 50 lakh, while savings account balances above Rs 50 lakh offer customers 3.5 percent interest.
 

PNB Savings Account Interest Rates

At the same time, Punjab National Bank is giving its customers an interest of 2.70 percent on savings accounts with a balance of less than Rs 10 lakh, while it is offering a return of Rs 2.75 on accounts with a balance of more than Rs 10 lakh. Apart from this, it is giving 3 percent interest on savings accounts with more than Rs 100 crore. These rates are applicable from January 1, 2023.