NSDL Payments Bank interest rates · November 2026
Overview
NSDL Payments Bank (NSDL) is a payments bank, headquartered in Mumbai, established in 2018.
Rates as of 1 Feb 2026, verified from official source. RBI-licensed payments bank: savings accounts only (no FD/RD); deposits insured by DICGC up to ₹5,00,000.
RBI record
No RBI press release since 1 Jan 2024 names NSDL Payments Bank. We read RBI's press releases every week; last checked on 11 Nov 2026.
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Branches
3 branches, all in Mumbai
Most branches: Mumbai 3
From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.
NSDL rates
Every rate, tenure by tenure, and what your money grows to.
NSDL Savings rate changes
Changes to NSDL's savings account rates that RateScan.in has recorded since it started tracking them on 29 Oct 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
No change to NSDL's savings account rates has been recorded since tracking started on 29 Oct 2026.
Good to know
NSDL Payments Bank is an RBI-licensed payments bank: it offers savings accounts only, no fixed or recurring deposits, and caps balances at ₹2 lakh per customer. Deposits are insured by DICGC up to ₹5,00,000 per depositor (principal + interest).
Informational only. Always confirm the current rate on the official NSDL website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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