State Bank of India Savings Account interest rates · October 2026
SBI's best Savings Account rate is 2.50% (All balances), 2.50 points below the best on the market (5.00%).
| Tenure | General | Senior | Applies to | Effective On | Source |
|---|---|---|---|---|---|
Any tenure |
2.50% | 2.50% | All balances | 15 Jun 2025 | official fetched 18 Oct 2026 ✓ verified 19 Oct 2026 |
Higher Savings Account rates than SBI
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SBI Savings rate changes
Changes to SBI's savings account rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
- First recorded 2 Oct 2026: SBI raised the general rate for 0+ days from 2.70% to 2.75% (+0.05%).
- First recorded 2 Oct 2026: SBI raised the senior citizen rate for 0+ days from 2.70% to 2.75% (+0.05%).
- First recorded 30 Sept 2026: SBI cut the general rate for 0+ days from 2.75% to 2.70% (-0.05%).
- First recorded 30 Sept 2026: SBI cut the senior citizen rate for 0+ days from 2.75% to 2.70% (-0.05%).
SBI Savings: frequently asked questions
What is the highest SBI Savings interest rate?
As of 19 Oct 2026, State Bank of India offers up to 2.50% p.a. on its savings account (All balances) for general customers. Rates below are as published by the bank — confirm with SBI before investing.
When did SBI last change its Savings rates?
State Bank of India last changed a savings account rate. RateScan.in first recorded the change on 2 Oct 2026: the general rate for 0+ days went from 2.70% to 2.75%. RateScan.in has tracked SBI's rates since 18 Sept 2026.
Is my savings account with SBI insured?
Deposits with State Bank of India are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).
How current are these SBI rates?
RateScan.in refreshed this dataset on 19 Oct 2026; the bank's rates shown here are effective 15 Jun 2025. Rates can change without notice, so verify on the official SBI website before investing.
More SBI rates
Savings rates at other banks
Good to know
- Deposits with State Bank of India are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
- SBI is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
- Senior citizens (60+) earn up to 1.00% p.a. more than general customers at SBI, depending on the tenure.
- SBI's FD table includes 3 special schemes; check eligibility and end dates.
Informational only — always confirm the current rate on the official SBI 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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