NSDL Payments Bank Savings Account interest rates · November 2026
What would I earn at NSDL?
Enter a whole-rupee balance from ₹1 to ₹10 crore.
How this estimate works
Estimates use a steady balance and simple annual interest. Where the published bands give different results, we show two estimates: applying rates to each portion of the balance, and applying the selected rate to the entire balance. Confirm the method with the bank. The comparison table below uses its existing whole-balance estimate with quarterly compounding, so its figures can differ.
For insured banks, DICGC coverage for eligible deposits includes principal and accrued interest, up to ₹5 lakh across deposits held at the same bank in the same right and capacity. Deposit insurance details ↗
What if I put some in a 1-year FD?
Estimates are before tax. Check early withdrawal terms before choosing an FD.
Showing 1 of 2 rates.
| Tenure | General | Senior | Applies to | Effective On | Source |
|---|---|---|---|---|---|
Any tenure Below ₹1 lakh |
1.50% | 1.50% | Below ₹1 lakh | 1 Feb 2026 ✓ verified 13 Nov 2026 | official fetched 29 Oct 2026 |
Any tenure ₹1 lakh and above (up to the ₹2 lakh cap) |
5.00% | 5.00% | ₹1 lakh and above (up to the ₹2 lakh cap) | unavailable ✓ verified 13 Nov 2026 | official fetched 29 Oct 2026 |
No rates match these filters.
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How much should I keep accessible?
Use your usual balance to compare savings interest, or test keeping some money accessible and putting the rest in an FD.
See balance examples
NSDL savings account return examples
| Balance | Rate | Interest | Per month |
|---|---|---|---|
| ₹10,000 | 1.50% | ₹151a year | ₹13a month |
| ₹50,000 | 1.50% | ₹754a year | ₹63a month |
| ₹1 lakh | 5.00% | ₹5,095a year | ₹425a month |
Open a figure in the savings calculator. Darker shade = higher rate. These examples use the published rate on the whole balance and quarterly compounding. Some banks apply each rate only to the portion of the balance in its band. Rates as of 14 Nov 2026. DICGC’s limit includes eligible balances and accrued interest held at the same bank in the same right and capacity.
Before you book
NSDL Savings: frequently asked questions
What is the highest NSDL Savings interest rate?
As of 14 Nov 2026, NSDL Payments Bank offers up to 5.00% p.a. on its savings account (₹1 lakh and above (up to the ₹2 lakh cap)) for general customers. Rates below are as published by the bank. Confirm with NSDL before investing.
When did NSDL last change its Savings rates?
RateScan.in has recorded no change to NSDL Payments Bank's savings account rates since it started tracking them on 29 Oct 2026.
Does NSDL pay different savings account rates by deposit size?
Yes. NSDL Payments Bank's table lists separate bands: Below ₹1 lakh; ₹1 lakh and above (up to the ₹2 lakh cap). Each row shows the band it applies to.
Is my savings account with NSDL insured?
Deposits with NSDL Payments Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).
How current are these NSDL rates?
RateScan.in refreshed this dataset on 14 Nov 2026; the bank's rates shown here are effective 1 Feb 2026. Rates can change without notice, so verify on the official NSDL website before investing.
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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