Savings Account Interest Rates

Our Savings Account facilitates an effective way to securely place your money and earn interest on it. With SBM Bank Savings Account, you can earn monthly interest pay outs on your deposits at competitive savings account interest rates. We credit the interest on a monthly basis. You can safeguard your funds in our savings accounts, while availing of uninterrupted access to the funds 24×7 through your debit card or other electronic channels. Our exclusive Debit Cards give you access to exceptional offers on top brands across shopping, dining, travel, entertainment, and more. Click here to know more about SBM Bank India Savings Account that offers the highest interest rate on savings account.

Savings Account Interest
Rates at SBM Bank

One of the major advantages of opting for a Savings Account at SBM Bank is the competitive interest rates we offer along with the monthly interest pay-out facility, and one of the highest interest rate savings account options available. The Savings Account interest rates are applicable on incremental balance and are paid out monthly. So, the more the balance available in your Savings Account, the higher the interest rate you can enjoy.

Here is a tabular list of the Savings Account interest rates applicable as per your account balance:

For Resident and Non-Resident Indians
Savings Account balance (INR)	Interest Rates (p.a.) * w.e.f. 12-12-25
Up to 5 Lakhs	2.75%
More than 5 Lakhs to 10 Lakhs	5.00%
More than 10 Lakhs to 50 Lakhs	6.50%
More than 50 Lakhs to 3 Crores	6.75%
More than 3 Crores to 25 Crores	6.75%
More than 25 Crores to 50 Crores	7.00%
More than 50 Crores to 75 Crores	6.50%
More than 75 Crores	5.00%

Download Rate

*Terms and Conditions apply

* The savings interest rate shall apply on incremental balance.

For further clarifications read the FAQ section placed below or call our Customer Service desk on 1800 2099 335 or 1800 1033 817

Disclaimer:
Above rates are subject to change without prior notice. Depositors may please confirm the rate with respective branches before the investment

Here are a few pointers to note regarding the Savings Account interest rates offered at SBM Bank:

Please confirm the latest interest rate applicable to Savings Account with our Bank branch before investment, as interest rates are subject to change without prior notice.
If you intend to open a Savings Account with balance likely to exceed INR 50 crores, please contact an SBM Bank branch or contact your designated Relationship Manager to get a clear idea of the interest rates applicable.

Savings Account Features

Our Savings Account enables you to safeguard your funds while providing you uninterrupted access to the following services 24×7:

Attractive Interest Rates

Leverage our competitive savings account interest rates to earn attractive returns. We are one of the few banks in the county that offer monthly interest pay outs. Take advantage of our highest interest rate savings account for maximum benefits.

Premium Debit Cards

Enjoy access to exclusive SBM Bank VISA Signature Debit Cards and avail of premium privileges across lifestyle, travel, dining and more.

ATM Network

You can withdraw funds from all bank ATMs, both SBM Bank and non-SBM Bank ATMs across the country.

Customised Account Number

Enjoy the freedom of selecting a Savings Account number of your choice.

Competitive Forex Rates

Experience seamless money transfer at competitive forex rates so that your beneficiary receives the maximum conversion benefit.

Seamless Online Transfers

Send money to any beneficiary in India via online National Electronic Fund Transfer (NEFT) and Real-Time Gross Settlement (RTGS) with zero charges.

Dedicated Relationship Manager

You can seek assistance from a dedicated Relationship Manager regarding any concerns or queries about your SBM Bank Savings Account.

How to Open an SBM Bank Savings Account

At SBM Bank, we aim to make your life easier, and our philosophy extends to opening a Savings Account as well. You can open an SBM Bank Savings Account online or offline.

To open an SBM Bank Savings Account in person, you can walk into one of our branches and seek assistance from our branch executives regarding the process.

Soon, you can also open a Savings Account online by filling in the online application form and going through our video based online verification process.

Make sure you get the most out of your idle funds and so much more by opening an SBM Bank Savings Account today.

FAQs

To calculate the interest earned on the funds parked in the SBM Bank Savings Account, you can use the formula given below:

I = P x R x T, wherein I is interest, P is the principal amount, R is the rate of interest, and T is the time.

With SBM Bank Savings Account, interest is paid out monthly.

To open a Savings Account with SBM Bank, you will need your PAN card, Aadhaar card and a scanned copy of your recent passport size photograph. You will be required to show your PAN and Aadhaar to the bank agent at the time of video KYC and upload the photograph on the account opening form.

Yes, all our savings accounts come with robust digital banking access through mobile and internet banking. You can track your balance, interest earnings, and manage your account 24/7 — all from the comfort of your home.

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