A savings account is a basic but the most important bank account that everyone holds. There are several benefits attached to having a Savings account, one of which is that the Savings account lets you earn interest on your funds Savings Account interest rate is the interest that you earn on your funds based on your daily closing balance. Read More
The accumulated interest is credited to your account on either a monthly or quarterly basis, as per the respective bank's discretion Savings Account Interest Rates with HDFC Bank has always been cutting-edge and competitive. With the best interest of our customers at the core, we offer you competitive savings account interest rates on your Savings Accounts. Read less
Choose account balance
2500 100000000
Choose your existing bank interest rate
2.5 % 3.5 %
Interest you earn for a period of 1 year* ₹/-
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Effective 6th April 2022, Rate of Interest for Savings Bank deposits Accounts has been revised as below :
| Savings Balance (Rs) | Interest Rate p.a |
|---|---|
| Less than Rs. 50 Lakh | 3.00% |
| Of and above Rs 50 Lakh | 3.50% |
Note:
This is to inform you that our RFC Savings Account Interest Rates effective July 1, 2017 are as below:
| GBP | USD | Euro | JPY |
|---|---|---|---|
| 0.01% | 0.01% | NA | NA |
EEFC Deposit would be accepted only in current A/c (According to RBI guidelines.)
Click here for Historic Savings Account Interest Rate
How Does Savings Account Interest rate work?
Savings Account interest rate is the lending rate of your bank. The accumulated interest is paid out either half-yearly or annually to you.
What is the minimum balance required in a savings account?
The minimum balances you need to maintain in our Regular Savings account is as below
For rest of the product variants, please refer individual product page
| Branch type | Minimum Balance Requirement (AMB) required |
|---|---|
| Metro / Urban | Rs 10,000/- Average Monthly Balance |
| Semi-Urban | Rs 5,000/- Average Monthly Balance |
| Rural | Average Quarterly Balance (AQB) of Rs 2,500/- OR Fixed Deposit of Rs 10,000 for a minimum of 1 year, one-day duration. |
How to open a savings account digitally?
To Open a Savings Account Online with HDFC Bank, follow the steps given below:
Once the verification process is complete, you will receive a welcome kit from HDFC Bank. This kit will have your debit cum ATM card, PIN, and chequebook.
What does Average Monthly Balance mean?
Average Monthly Balance (AMB) is essentially the average balance you must maintain in your Savings Account every month. It is calculated basis sum of the end of day balance in the account for each day in the month, divided by the number of days in the month. HDFC Bank has different AMB brackets for urban, semi-rural and rural markets. You can find them all here.
Disclaimer: The above interest is calculated on the deposits. The actual interest may vary as per withdrawals.