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Canara Bank savings account offers interest rates varying from 2.50% to 3.55% based on the balance in the account. The bank is offering a 2.50% interest rate per annum on balances up to Rs 100 crore. The rate increases to 2.65% for balances between Rs 100 crore and less than Rs 300 crore.

The interest rate is 3.10% on balances of Rs 300 crore to less than Rs 500 crore and 3.40% on Rs 500 crore to less than Rs 1,000 crore. Customers maintaining balances of Rs 1,000 crore to less than Rs 2,000 crore will earn a 3.55% rate, while the highest rate of 4% per annum is available on balances of Rs 2,000 crore and above.

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The revised savings deposit rates are effective from September 1, 2026. The bank offers an interest rate of 2.50% per annum on balances up to Rs 50 crore. For balances above Rs 50 crore and up to Rs 250 crore, the interest rate is 2.60% per annum. The rate increases to 2.75% for balances above Rs 250 crore and up to Rs 500 crore.

Customers maintaining balances above Rs 500 crore and up to Rs 1,000 crore will earn a 3.00% per annum rate. The rate is 3.15% on balances above Rs 1,000 crore and up to Rs 1,500 crore.

For balances above Rs 1,500 crore and up to Rs 2,000 crore, the interest rate is 3.30% per annum. The rate rises sharply to 4.75% on balances above Rs 2,000 crore and up to Rs 2,500 crore.

The interest rate is 5.70% on balances above Rs 2,500 crore and up to Rs 3,000 crore, while balances above Rs 3,000 crore earn the highest rate of 6.25% per annum.

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IDFC FIRST Bank revised the savings account interest rates effective from September 1, 2026. The bank is offering a savings account interest rate of 2.50% per annum on balances up to Rs 3 lakh. On balances above Rs 3 lakh up to Rs 25 lakh, the savings account interest rate is 7.00% per annum. The rate is 6.25% on balances above Rs 25 lakh and up to Rs 5 crore.

On savings account balances above Rs 5 crore, the bank offers an interest rate of 5.00% per annum.

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HDFC Bank, ICICI Bank, State Bank of India offer a 2.50% rate each on their savings accounts across balances.

Other than them, Axis Bank also offers a 2.50% rate on a savings account balance below Rs 2,000 crores. Punjab National Bank offers the savings account interest rate ranging from 2.50% to 4.25%, depending on the balance. Note – these banks did not revise their savings account interest rates in September 2026.

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