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W.e.f. Aug 4, 2017, daily balances over Rs.1 Lakh will continue to earn 6% interest p.a. for balances up to Rs. 1 cr. Balances above Rs. 1 cr. will earn interest at 5.5% p.a. There is no change in interest rate on daily balances up to Rs. 1 lakh in Savings Accounts which will continue to earn interest at 5% p.a. The interest rates mentioned are applicable for Resident Accounts only.