IDBI Bank Revises Interest Rates On Savings Accounts: Latest Rates Here

IDBI Bank is providing a choice of savings accounts for customers who want better interest rates on their deposits combined with deposit insurance of up to Rs 5 lakhs guaranteed by the Deposit Insurance and Credit Guarantee Corporation (DICGC). For catering to different types of customers and their needs, IDBI Bank offers a range of savings account options such as Super Savings Account, Super Savings Plus Account, SuperShakti Women's Account, Jubilee Plus Senior Citizen Account, Being My Account, Power Kids Account, Savings Account Using Video KYC, Small Account - Relaxed KYC, Sabka Basics Savings Account, Pension Savings Account, and Capital Gain Account Scheme. The bank recently updated its savings account interest rates, which we'll go over in more detail below.

IDBI Bank Savings Account Interest Rates

IDBI Bank has updated its savings account interest rates on October 25, 2021, and now offers a rate of 3.00 percent on daily balances up to Rs 5 crore, 3.5 percent on daily balances between Rs 5 crore and Rs 100 crore, and 3.5 percent on balances over Rs 100 crore. The recent rates on savings accounts are as follows:

Saving Balance	Rate of Interest (% p.a.)
Upto Rs. 5 Cr	3
Above Rs.5 Cr up to Rs.100 Cr	3.25
Above Rs. 100 Cr	3.35
Source: Bank Website, Savings Bank Rate (w.e.f. October 25, 2021)

IDBI Bank currently has more than 1890 branches, more than 3300 ATMs across the country, and has a balance sheet size of Rs 2,97,764 as of 31st March 2021.