According to the latest mailers and other sources, it has been brought to notice that w.e.f. Apr 15, 2019, daily balances over 1 Lakh will continue to earn 6% interest p.a. for balances up to 1 cr.
The interest rate on daily balances up to 1 Lakh in Savings Accounts stands revised at 4.5% p.a.
The interest rate on daily balances above 1 Cr will continue to earn interest at 5.5% p.a.