Friday 9 March 2012

SBI Interest Rates On Domestic Term Deposits

The term (or fixed) deposit rates offered by SBI for any amount below Rs. One Crore were last revised on 13/08/2011. The term deposit rates are as below:


Tenors
Current rates w.e.f. 13.08.2011
7 days to 90 days
7.00%
91 days to 179 days
7.25%
180 days
7.00%
181 days to 240 days
7.00%
241 days to less than 1 year
7.75%
1 year to less than 2 years
9.25%*
2 years to less than 3 years
9.25%*
3 years to less than 5 years
9.25%*
5 years and up to 10 years
9.25%*

*The Senior Citizens ( aged 60 years and above) are offered an additional interest rate of 0.50% for tenors of 1 year and above.


However, with effect from 01/03/2012, the interest rates offered for tenors up to 180 days have been raised considerably for amounts ranging between Rs. 15.00 Lacs and One Crore.The updated interest rates for single term deposits of Rs. 15.00 Lacs and above, but less than Rs. One Crore, is as under:



Tenors
Current rates w.e.f. 01.03.2012
7 days to 90 days
9.00%
91 days to 179 days
9.00%
180 days
9.00%
181 days to 240 days
7.00%
241 days to less than 1 year
7.75%
1 year to less than 2 years
9.25%
2 years to less than 3 years
9.25%
3 years to less than 5 years
9.25%
5 years and up to 10 years
9.25%

1 comment:

  1. Hi is this also the interest rate in 2014 or figures for 2014 have changed please update.Also can you compare the interest rates from other SBI Associate Banks like State Bank of Travancore etc.

    ReplyDelete