How are the savings account interest rates calculated?

Savings account interest rates are calculated by multiplying the daily balance in the account by the applicable annual interest rate and then dividing by the number of days in the year. The resulting amount represents the interest earned.

Is the interest rate on a savings account fixed or variable?

The interest on savings bank accounts can be either fixed or variable, depending on the bank's policies and the type of account. Some savings accounts offer fixed account interest rates for a specified period. In contrast, others may have variable rates that can change over time based on market conditions and the bank's discretion.

How often is the interest compounded on a savings account?

The frequency of interest compounding on a varies depending on the bank and the account type. Typically, savings account interest is compounded either monthly, quarterly, or annually. Some accounts may compound interest more frequently, leading to faster growth of savings. You can check the account to know more. savings account terms

How can I maximise the interest earned on my savings account?

You can maximise the interest earned on your savings account by: ● Choosing an account with competitive savings account interest rates ● Making larger deposits to qualify for higher interest tiers ● Setting up automatic transfers to consistently add to your savings

What are the benefits of a savings account?

A savings account offers several benefits, including a safe place to store money, liquidity for easy access to funds, and potential interest earnings to help grow savings over time. Interest on savings bank accounts is an easy side-income source and hence, it is essential to compare the rates offered by various banks before choosing one.

Savings Account Interest Rates Up to 4% p.a. (2026)

Interest Rates on Savings Accounts

Savings play a crucial role in achieving various financial goals, whether you are planning for a vacation, buying a new car, or securing your child's education. By consistently setting aside a portion of your income, you build a financial cushion that helps you guide through life's milestones worry-free. To ensure a safe and steady place for your savings, you need a well-maintained savings account. An IndusInd Bank Savings Account is an ideal option for those looking to maximise their savings potential. With its attractive savings account interest rates, easy application process, and minimal documentation, it offers a seamless banking experience. What’s more, you can also set an account number of your choice with the ‘My Account My Number’ feature. Read More

In addition to competitive savings account interest rate, enjoy exclusive discounts and offers across top brands, feature-rich debit cards, and seamless digital banking services. The best part? You can open a savings account and enjoy attractive bank account interest rate in just 4 easy steps!

Click here to apply now!

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Existing Savings Account Interest Rates

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Domestic/Non Resident (NRO/NRE)	Rates p.a. w.e.f. 1^st March, 2026
Daily balance upto Rs. 1 Lakh	2.50%
Daily balance above Rs. 1 Lakh upto Rs. 25 Lakh	3.00%
Daily balance above Rs. 25 Lakh upto Rs. 5 Cr	4.00%
*Daily balance above Rs. 5 Cr upto Rs. 100 Cr	5.00%
*Daily balance above Rs. 100 Cr  upto Rs. 150 Cr	7.05%
*Daily balance above Rs. 150 Cr upto Rs. 1400 Cr	7.00%

* Flat Rate applicable on entire balance.

The bank offers floating rate linked savings deposit. Details of the same are as under:

Savings Account Amount Slabs	Rate p.a. w.e.f. 1^st March 2026
*Above 1400 Cr up to 2000 Cr	MIBOR
*Above 2000 Cr up to 8000 Cr	MIBOR +100 bps
*Above 8000 Cr	MIBOR +70 bps

* Flat Rate applicable on entire balance.

Please note:

MIBOR Linked floating interest rate will be applicable on entire balance above Rs. 1400 Crs (all rates applicable at the end of the day balances) if the balance exceeds Rs. 1400 crore.
MIBOR Linked floating interest will be calculated on daily end-of-day balance & paid on monthly basis
For more details on MIBOR Linked Floating Interest rate please contact your Relationship Manager or visit your nearest Bank Branch

Click here to check the latest rates in detail.

Features of IndusInd Bank Savings Account

Our competitive savings account interest rates can help your money grow with time. But that’s not all. IndusInd Bank offers a feature-rich Savings Account to make your entire banking experience convenient and rewarding:

1. Easy Application and Minimum Documentation

Opening an IndusInd Bank Savings Account is easy and 100% paperless. Simply, pick an account number of your choice, enter your details, add funds to your account, and complete your virtual KYC verification. Your funds are ready to grow with our savings account interest rate!

2. Account Number of Your Choice

Personalise your banking experience by choosing your preferred account number with the ‘My Account My Number’ feature. It allows you to select an account number that holds significance for you so that it is easier to remember and manage your account.

3. Discounts and Offers across Top Brands

Enjoy a world of exclusive benefits and privileges with your IndusInd Bank Savings Account. Get access to discount and offers across a wide range of categories, including shopping, dining, entertainment, and more.

4. Seamless Digital Banking Services

Manage your finances seamlessly with our intuitive and secure digital banking platforms. Enjoy 24/7 access to your account, transfer funds, pay bills, and much more, all at your fingertips.

Savings Account Interest Rates FAQs

How are the savings account interest rates calculated?

Savings account interest rates are calculated by multiplying the daily balance in the account by the applicable annual interest rate and then dividing by the number of days in the year. The resulting amount represents the interest earned.
Is the interest rate on a savings account fixed or variable?

The interest on savings bank accounts can be either fixed or variable, depending on the bank's policies and the type of account. Some savings accounts offer fixed account interest rates for a specified period. In contrast, others may have variable rates that can change over time based on market conditions and the bank's discretion.
How often is the interest compounded on a savings account?

The frequency of interest compounding on a savings account varies depending on the bank and the account type. Typically, savings account interest is compounded either monthly, quarterly, or annually. Some accounts may compound interest more frequently, leading to faster growth of savings. You can check the account terms to know more.

How can I maximise the interest earned on my savings account?

You can maximise the interest earned on your savings account by:

● Choosing an account with competitive savings account interest rates

● Making larger deposits to qualify for higher interest tiers

● Setting up automatic transfers to consistently add to your savings
What are the benefits of a savings account?

A savings account offers several benefits, including a safe place to store money, liquidity for easy access to funds, and potential interest earnings to help grow savings over time. Interest on savings bank accounts is an easy side-income source and hence, it is essential to compare the rates offered by various banks before choosing one.