|End of the day Balance||Rate of Interest|
|Up to and including Rs 2.00 lakh||2.35% per annum (1.65% below Repo rate)|
|Above Rs. 2.00 lakh – less than Rs. 5.00 crore||2.75% per annum|
|Rs. 5.00 crore – less than Rs. 100.00 crore||4.20% per annum|
|Rs. 100.00 crore and above||4.50% per annum|
Considering this, is South Indian bank safe?
Yes, of course. They are quite safe. Thanks to strong regulation and supervision by Reserve Bank of India and system of internal control of banks, they are well capitalized, well managed and effectively regulated.
Besides, what is the interest rate for savings account in South Indian Bank?
Interest Rates of South Indian Bank Savings Accounts
|Balance (End of Day)||Rate of Interest|
|Up to Rs.2 lakh||2.35% p.a.|
|More than Rs.2 lakh but less than Rs.5 crore||2.75% p.a.|
|Rs.5 crore and above but less than Rs.100 crore||4.20% p.a.|
|More than Rs.100 crore||4.50% p.a.|
Which bank gives loan at lowest interest?
Lowest Personal Loan Rates Comparison
|Banks||Interest Rate||Processing Fees|
|ICICI Bank||10.25%||Upto 2.25% of Loan Amount|
|Kotak Bank||10.25%||Starting from Rs.999|
|HDFC Bank||10.25%||Upto 2.50% Min ₹ 999|
Compare Best Personal Loan in India
|Bank||Interest Rates||Lowest EMI Per Lakh|
|HDFC Bank Personal Loan ⊕ Compare||10.25%||₹ 2,137|
|ICICI Bank Personal Loan ⊕ Compare||10.25%||₹ 2,137|
|Bajaj Finserv Personal Loan ⊕ Compare||12.99%||₹ 2,275|
|IDFC First Bank Personal Loan ⊕ Compare||10.49%||₹ 2,149|
Compare Best Personal Loans at Lowest Interest Rates in India 2021
|List of Banks/Lenders||Personal Loan Interest Rates||Loan Amount|
|HSBC||9.99% – 14.00%||Upto INR 30 lakh|
|ICICI Bank||10.50% onwards||Upto INR 40 lakh|
|IDBI Bank||9.50% – 14.00%||Upto INR 10 lakh|
|IndusInd Bank||11.00% Onwards||Upto INR 15 lakh|