RBI guides the banks to give similar interest to the accounts which have the bank deposits upto 1 lakh. if the deposit is more, banks can offer some good interest rate subject to same interest rate for the same type of account as there should be no dissimilarity to the person to person.
This facility is for residents of India only. There is no change in the saving account interest rate which is 4% per annum as continue. Banks can offer more interest but not less than 4% to any account holder.