Rates verified from official source

SBM Bank (India) Ltd. Savings Account interest rates · November 2026

What would I earn at SBM Bank India?

Estimated interest in one year · before tax —  

  Savings rate source ↗

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 ↗

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Deposit amount

Showing 1 of 8 rates.

TenureGeneralSeniorApplies toEffective OnSource
Any tenure
Up to ₹5 lakh
 2.75% 2.75% Up to ₹5 lakh
1 May 2026
✓ verified 13 Nov 2026
official
fetched 27 Oct 2026
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SBM Bank India savings account return examples

BalanceRateInterestPer month
₹10,000 2.75% ₹278a year ₹23a month
₹50,000 2.75% ₹1,389a year ₹116a month
₹1 lakh 2.75% ₹2,778a year ₹232a month
₹25 lakh 6.00% ₹1,53,409a year ₹12,784a 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.

  • resident and non-resident savings; the slab rate applies to the part of the balance in that slab
Before you book

SBM Bank India Savings: frequently asked questions

What is the highest SBM Bank India Savings interest rate?

As of 14 Nov 2026, SBM Bank (India) Ltd. offers up to 7.00% p.a. on its savings account (Above ₹25 crore to ₹50 crore) for general customers. Rates below are as published by the bank. Confirm with SBM Bank India before investing.

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When did SBM Bank India last change its Savings rates?

RateScan.in has recorded no change to SBM Bank (India) Ltd.'s savings account rates since it started tracking them on 27 Oct 2026.

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Is my savings account with SBM Bank India insured?

Deposits with SBM Bank (India) Ltd. are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).

How current are these SBM Bank India rates?

RateScan.in refreshed this dataset on 14 Nov 2026; the bank's rates shown here are effective 1 May 2026. Rates can change without notice, so verify on the official SBM Bank India website before investing.

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More SBM Bank India rates

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Good to know

  • Deposits with SBM Bank (India) Ltd. 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.
  • SBM Bank India is a foreign bank operating in India, regulated by the RBI.
  • Senior citizens (60+) earn up to 0.50% p.a. more than general customers at SBM Bank India, depending on the tenure.
official Effective 1 May 2026 · Ingested 27 Oct 2026 · Verified 13 Nov 2026 · View source

Informational only. Always confirm the current rate on the official SBM Bank India 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.