eSaver Savings Account: Earn High Interest Rate on Savings

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Standard Chartered eSaver Savings account moves your savings into term deposits to earn higher interest for you.

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Standard Chartered eSaver Savings account moves your savings into term deposits to earn higher interest for you.

Learn More Learn More

Rates less than 2 Crores are currently applicable, with effect from 2 Jan 2023.

Rate of INR 2 crore and above valid for: 4 Feb 2023. These rates are updated on a daily basis. In case of non-updation of today’s interest rate, please revisit later to check the updated rates.

4 Feb ’23	INR < 2 Cr	INR 2 cr -<3 cr	INR 3 cr – < 4 cr	INR 4 cr – < 5 cr	INR 5 cr – < 6 cr	INR 6 cr – < 7.50 cr	INR < 1 Cr (Senior citizen) **
7-9 days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
10-14 days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
15 -17days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
18-20days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
21-23days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
24-26 days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
27-29days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
30-32 days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
33-35 days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
36-38 days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
39-41 days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
42-44 days	2.75%	4.75%	4.75%	4.75%	3.50%	4.75%	2.75%
45 -47 days	3.25%	4.75%	4.75%	4.75%	3.50%	4.75%	3.25%
48-50 days	3.25%	4.75%	4.75%	4.75%	3.50%	4.75%	3.25%
51-53 days	3.25%	4.75%	4.75%	4.75%	3.50%	4.75%	3.25%
54-56 days	3.25%	4.75%	4.75%	4.75%	3.50%	4.75%	3.25%
57-59 days	3.25%	4.75%	4.75%	4.75%	3.50%	4.75%	3.25%
60-74 days	3.50%	4.75%	4.75%	4.75%	3.50%	4.75%	3.50%
75-89 days	3.50%	6.75%	6.75%	6.75%	3.50%	6.75%	3.50%
90 -104 days	4.50%	7.00%	7.00%	7.00%	3.50%	7.00%	4.50%
105-120 days	4.50%	7.00%	7.00%	7.00%	3.50%	7.00%	4.50%
121 -149 days	5.00%	7.25%	7.25%	7.25%	3.50%	7.25%	5.00%
150-164 days	5.00%	7.40%	7.40%	7.40%	3.50%	7.40%	5.00%
165-180 days	5.00%	7.40%	7.40%	7.40%	3.50%	7.40%	5.00%
181-210 days	6.00%	7.40%	7.40%	7.40%	3.50%	7.40%	6.00%
211-226 days	6.00%	7.40%	7.40%	7.40%	3.50%	7.40%	6.00%
227 – 269 days	6.00%	7.40%	7.40%	7.40%	3.50%	7.40%	6.00%
270 days-345 days	6.00%	7.40%	7.40%	7.40%	3.50%	7.40%	6.00%
346 days-364 days	6.00%	7.40%	7.40%	7.40%	3.50%	7.40%	6.00%
1yr – 375days	6.85%	5.00%	5.00%	5.00%	3.50%	5.00%	7.35%
376 -390 days	6.75%	5.00%	5.00%	5.00%	3.50%	5.00%	7.25%
391 days < 18 Months	7.00%	5.00%	5.00%	5.00%	3.50%	5.00%	7.50%
18M < 21M	7.10%	5.00%	5.00%	5.00%	3.50%	5.00%	7.60%
21M < 2 Yrs*	7.25%	5.00%	5.00%	5.00%	3.50%	5.00%	7.75%

Staff rate not applicable on e-saver deposits

** ‘Senior Citizen’ benefit of additional 0.50% p.a. interest will be made available only to tenors greater than or equal to one year and amounts less than 1 crore with effect from 1st September 2018.This change is applicable to fresh booking as well as renewal of deposits.

The deposit holder may submit Form 15G / 15H with the Bank in case does not want the Tax to be deducted at source. Such form has to be submitted every financial year for each fixed / recurring deposit held and on each renewal of the deposit. You may submit to us such Form at the beginning of the financial year if you are not liable to pay tax.

In the absence of Primary holder’s PAN details, TDS at a higher rate of 20% will be applied on resident Time deposits with interest income of INR 40,000 or above during the financial year.

Customers who have registered for e statements can access their Deposit confirmation advise by logging in to online banking account.

A smarter way to maximise your savings

Earn higher interest than a regular savings account. eSaver automatically moves your savings into term deposits when your account balance reaches a specified amount so you get more out of your savings.

Higher interest rates

Savings above a threshold limit will be moved into higher interest term deposits.

Set your threshold limit

Set a threshold value, beyond which funds are automatically transferred to linked term deposits.

Flexible tenure

Pick a fixed term deposit tenure between seven days upto two years.

Automatic renewal

All newly created term deposits renew automatically for principal and credit interest.

Additional Info

Platinum debit card

Platinum debit card with 5% cash back.

Extended banking hours

Enjoy more convenience with phone banking, online banking and extended banking hours.

Eligibility

Resident individual
Foreign national
Hindu Undivided Family (HUF)

Documents

Documents accepted as ID and Address Proof
- Passport
- Driving licence
- Proof of possession of Aadhaar number
- Voter’s Identity Card issued by the Election Commission of India
- Job card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register containing details of name and address

Disclaimer

Standard Chartered eSaver Savings account moves your savings into term deposits to earn higher interest for you.

Interest Rates