List of Nationalized bank with rate of Interest on Saving Bank Account – Important for Nidhi Company Limited
by Paras Mehra 13.1K
Introduction
From this list of nationalized bank and rate of Interest, you can decide the maximum rate of Interest that can be offered by Nidhi Company on saving account with its members.
Here is the formula of maximum ceiling limit on rate of Interest on Nidhi Company on saving bank account:
Maximum Interest offered by Nidhi Limited on Saving Account = 2% + Rate of Interest payable by Nationalized bank on saving bank Account.
List of Nationalized bank in India with rate of Interest on saving account is as follows:
| Serial No. | Bank Name |
Rate of Interest on Saving Account |
|---|---|---|
| 1. | Allahabad Bank | 4% |
| 2. | Andhra Bank | 4% |
| 3. | Bank of Baroda | 4% |
| 4. | Bank of India | 4% |
| 5. | Bank of Maharashtra | 4% |
| 6. | Canara Bank | 4% |
| 7. | Central bank of India | 4% |
| 8. | Corporation Bank | 4% |
| 9. | Dena Bank | 4% |
| 10. | Indian Bank | 4% |
| 11. | Indian Overseas Bank | 4% |
| 12. | Oriental Bank of Commerce | 4% |
| 13. | Punjab and Sind Bank | 4% |
| 14. | Punjab National Bank | 4% |
| 15. | Syndicate Bank | 4% |
| 16. | UCO Bank | 4% |
| 17. | Union Bank of India | 4% |
| 18. | United bank of India | 4% |
| 19. | Vijaya Bank | 4% |
Note: The interest rates provided are for reference purposes only and may have changed; please refer the websites of the respective banks to know the latest rates.
The State Bank of India (SBI) is not a interest rate of saving account offered by SBI and its associate bank. nationalized bank and hence, we cannot take the