Interest Rate

What's in store for you

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Features and Benefits

Check out the benefits

  • Savings Accounts allow you to earn interest on your funds, typically based on your daily closing balance.

  • HDFC Bank offers competitive interest on savings accounts.

  • Interest compounding facilitates steady growth of your savings over time.

  • Savings Accounts provide easy access to funds for emergencies or planned expenses.

  • Deposits in Savings Accounts are often insured, ensuring security for your money.

  • Online Banking and mobile apps make managing your finances easier.

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Application Process for Opening a Digital Account with Aadhaar

Apply online in just 4 simple steps:.

  • Step 1: Validate your mobile number
  • Step 2: Select the ‘Account Type’ of your choice
  • Step 3: Provide personal details including Aadhaar number
  • Step 4: Complete Video KYC
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Simplify KYC with Video Verification

  • Keep your PAN Card and Aadhaar-enabled phone handy, along with a pen (blue/black ink) and white paper. Ensure you have good connectivity/network
  • Enter your Aadhaar number at the start and verify yourself using OTP.
  • A bank representative will then verify your details, such as LIVE signature, LIVE photo, and location.
  • Once the video call is complete, your video KYC process stands completed.
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Interest Rate

Ways To Open A Bank Account

Know more about this account

Interest Calculation

  • Interest is credited monthly or quarterly, determined by the Bank's policy.

  • Savings Account interest is calculated daily based on the balances maintained during the day.

  • The interest earned on your savings account is subject to income tax as per applicable tax laws.
How is Interests on Savings Accounts Calculated?

Minimum Balance Requirement

  • The minimum balance for a Regular Savings account is below; check product pages for others.
Branch type Minimum Balance Requirement (AMB)
Metro / Urban ₹10,000 Average Monthly Balance
Semi-Urban ₹5,000 Average Monthly Balance
Rural Average Quarterly Balance (AQB) of ₹2,500
OR
Fixed Deposit of ₹25,000 for a minimum of 1 year, one-day duration.
How is Interests on Savings Accounts Calculated?

Domestic, NRO and NRE Savings Rate

  • From June 24th, 2025, the Savings Account Interest Rate has been revised as follows:
Savings Account Balance Interest Rate p.a
Across All Account Balances     2.50%

Note: 

  • Savings Bank Account interest will be calculated on the daily balances maintained in your account. 

  • Savings Bank Account interest will be paid at quarterly intervals

  • RFC Savings (for Returning NRIs) Interest Rate

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% NA NA

EEFC Deposit would be accepted only in the current A/c (According to RBI guidelines.)

How is Interests on Savings Accounts Calculated?

Important Terms and Conditions*

  • The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Tax on Savings Account Interest

Frequently Asked Questions

A Savings Account Interest Rate is the rate at which a bank pays you interest on the balance in your Savings Account. It is a percentage of the amount you have deposited in your account and is calculated based on your daily closing balance.

The interest rate you will earn on the balance in your Savings Account varies  depending on the type of account. At HDFC Bank, we offer competitive interest rates for different types of savings accounts.