State Bank of India Interest Rates

by Manshu on March 25, 2010

in Fixed Deposits

Update: October 18 2012

I updated my bank interest rates page yesterday, and realized how many different types of interest rates there are. So, I thought I’d create this page with State Bank of India interest rates that will act as a reference for different types of interest rates as well as a ready reference – if someone is specifically interested in SBI interest rates.

"state bank of india interest rates"

Interest Rates

1. Domestic Term Deposits: The first one in the list is interest rates for domestic term deposits below one crore rupees.

Here is the table that has those rates.

Tenor

Below Rs.15 Lakhs

Rs.15 lakhs to less than Rs. 1 Cr

Existing Rates w.e.f. 07.08.2012

Revised rates  w.e.f. 07.09.2012

Existing Rates w.e.f. 07.08.2012

Revised rates

w.e.f. 07.09.2012

7 days to 90 days

7.00

6.50

8.00

7.50

91 days to 179 days

7.00

6.50

8.00

7.50

180 days

7.00

6.50

8.00

7.50

181 days to 240 days

7.25

6.50

8.00

7.50

241 days to less than 1 year

7.50

6.50

8.00

7.50

1 year to less than 2 years

9.00

8.50

9.00

8.50

2 years to less than 3 years

 

9.00

 

8.50

 

9.00

 

8.50

3 years to less than 5 years

 

9.00

 

8.50

 

9.00

 

8.50

5 years and up to 10 years

8.50

8.50

8.50

8.50

 

2. Domestic Term Deposits for more than one crore rupees: If you have more than a crore to spare for a term deposit – you will get a different interest rate. Here is that table:

Tenor

Rs.15 lakhs and above  to less than Rs. 1 Crore

Existing premiums w.e.f. 07.08.2012

Revised Premiums

w.e.f. 07.09.2012

Effective Rate

w.e.f. 07.09.2012

7 days to 90 days

100 bps

100 bps

7.50

91 days to 179 days

100 bps

100 bps

7.50

180 days

100 bps

100 bps

7.50

181 days to 240 days

75 bps

100 bps

7.50

241 days to less than 1 year

50 bps

100 bps

7.50

1 year to less than 2 years

-

-

8.50

2 years to less than 3 years

-

-

8.50

3 years to less than 5 years

-

-

8.50

5 years and up to 10 years

-

-

8.50

3. Resident Indian Senior Citizens: Senior citizens get a slightly interest rate in India, but not if their deposit is more than a crore. Here is a table that shows these rates:

Tenor

Below Rs.15 Lakhs

Rs.15 lakhs to less than Rs. 1 Cr

Existing Rates w.e.f. 07.08.2012

Revised rates  w.e.f. 07.09.2012

Existing Rates w.e.f. 07.08.2012

Revised rates  w.e.f. 07.09.2012

 

7 days to 90 days

7.00

6.50

8.00

7.50

91 days to 179 days

7.00

6.50

8.00

7.50

180 days

7.00

6.50

8.00

7.50

181 days to 240 days

7.25

6.50

8.00

7.50

241 days to less than 1 year

7.50

6.50

8.00

7.50

1 year to less than 2 years

9.50

9.00

9.50

9.00

2 years to less than 3 years

9.50

9.00

9.50

9.00

3 years to less than 5 years

9.50

9.00

9.50

9.00

5 years and up to 10 years

9.00

9.00

9.00

9.00

 

4. SBI staff and pensioners: If you are a SBI employee or pensioner – you will get 1% extra on top of the regular interest rate. If you are a pensioner above 60 years old, then you will get dual benefit – 0.50% extra for senior citizens, and 1% extra for the staff.

5. Savings Bank Interest Rates: Savings account get an interest rate of 3.5%.

Let me know if I missed out anything or if you have any other questions, and also look at the fixed deposit rates in India offered by other banks.

If you are a NRI, then the NRI Interest Rates page will be more meaningful for you, and if you are looking for more information on fixed deposits, then this page lists down more resources on fixed deposits.

Click on the New Here page to see how you can make the best use of this website.

Image by nOr

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{ 235 comments… read them below or add one }

chowmunglang November 20, 2011 at 9:11 pm

can i deposit fix deposit less then 1lakh.

Reply

Manshu November 21, 2011 at 11:47 pm

Yes, you surely can.

Reply

LALIT KUMAR November 21, 2011 at 5:46 pm

Sir
I want to known that what is the intrest rate of RD of Rs 10,000/per month for the perid of 5 years.

Reply

Manshu November 21, 2011 at 11:20 pm

Don’t know about that sorry – you will have to go to the bank to find out.

Reply

SREENIVAS April 18, 2012 at 1:49 pm

9.25 %

Reply

SREENIVAS April 18, 2012 at 1:50 pm

9.25% at S B I

Reply

A. Sajiya Merlin Mahizl November 24, 2011 at 6:55 am

sir i want to ask one question about pawn the jewel . What is the monthly interest of one lakh sir

Reply

suresh kumar k.s December 22, 2011 at 7:52 pm

sir, I like to deposit 10,000. But I want monthly interest. Now I have saving bank account in SBI. How can I deposit it for my purpose and what is the interest rate. please send the detail to my mail address, thank you.

Reply

ajay mishra December 25, 2011 at 2:39 pm

i want to deposit one lakh rupees in SBI for 3 years. how much TDS will be deducted from my account after maturity. please send the detail to my mail address, thanks alot.

Reply

kanya December 24, 2011 at 8:21 pm

ìf i deposit 5000 in my saving a/c what is the interest amount i will receive.till what time i need to maintain that balance.

Reply

VIGNESH January 8, 2012 at 1:01 am

Hi

Interest will be credited every 6 months.

interest is calculated for minimum balance available in 10 th to 30 th.

Reply

joshi February 1, 2012 at 10:32 pm

Sir
I want to known that what is the intrest rate of of Rs 10,000/per month for the perid of 5 years in fixed deposit.

Reply

aleef bharati February 22, 2012 at 6:35 pm

you have not given any rate of interest for unfixed deposit

Reply

bidhan hota March 12, 2012 at 1:53 pm

know I want to deposit Rd Rs1000per month after 10 year what amount I will draw form sbi

Reply

tenzin June 17, 2012 at 2:34 pm

what is the interest rate for the senior citizen?

Reply

AJAY KUMAR RAY June 19, 2012 at 1:35 pm

sir i have a RD account in post office of Rs 500 since jan 2006 for 5 years now extend it for next 5 years what will be my final maturity amount please replay through my e-mail address.

Reply

Manshu June 19, 2012 at 5:01 pm

Did they tell you what rate of interest they are giving you?

Reply

Priya June 29, 2012 at 10:55 am

Hi,

I want to open a new deposit account through my internet banking.
Please help

Thanks in advance for your help.

Regards,
Priya

Reply

Manshu July 1, 2012 at 8:25 pm

Priya, please call the SBI helpdesk number and they will be able to help you.

Reply

pathak June 30, 2012 at 7:39 am

i want to avail 30lacs loan on KVP,s Intt rate is enquired?

Reply

Manshu July 1, 2012 at 7:22 pm
Bangari kanhu July 3, 2012 at 7:54 pm

Good evening sir, i want to know that,i want to dipposite 1,00,000 in my account
how much interest amount per one lakh for one year with fix dipposite?. and how much interest amount for one year with saving dipposite? plz reply soon.
thank u.

Reply

Dhruv kumar July 4, 2012 at 8:28 pm

Dear sir,

I like to deposit 10,000. But I want monthly interest. Now I have saving bank account in SBI. How can I deposit it for my purpose and what is the interest rate. please send the detail to my mail address, thank you.

Reply

Umesh July 4, 2012 at 10:36 pm

Let me know
Why do you want monthly interest and what you will do with that interest amount.

Reply

Bimalendu Das July 10, 2012 at 4:26 pm

Dear Sir,
I want to deposit Rs. 15.0 laks to SBI as fixed deposit term for 1000 days . kindly confirm the actual interest I can draw on monthly basis.

Reply

chandrakant mourya July 11, 2012 at 1:33 pm

i want to know ,what is the intrest rate on RD account in state bank of india & compare with other banks.

Reply

rajesh kumar sinha July 12, 2012 at 2:53 pm

sir,
i want to know that i opened a reccuring deposit with rs.1000/- monthly for 5 yrs. how much get in maturity.my intrest rate is 9.25%.

Reply

Anil Dhiman July 20, 2012 at 12:55 pm

at present what interest is paid on recurring deposit by SBI. I got a telephone call from SBI representative and told me that first I will have to deposit 6000/- for 3 months and 2000/- per month i.e. Recurring Deposit for 5 years. I will have to pay total Rs.1,2000/- for 5 years and SBI will return you Rs.1,8000/- after 5 year.

I want to know is it correct information and what interest they will pay on recurring deposit ?

second please tell me that on Domestic Term Deposit the interest paid is annually or is it for the period mentioned against the term deposit e.g. 7% for 90 days for Rs.10000/- . Would they pay interest Rs.700 or Rs. 174/- i.e. calculated annually?

Reply

Amit Kumar Sharma July 23, 2012 at 8:18 pm

i want to Fixd deposit one lakh rupees in SBI for 20 years. So Please calculate my total amaont and send the details to my mail address,
thanks,

Reply

sujit kumar sabat July 28, 2012 at 1:23 pm

sir what is the interest on fixed deposit for senior citizen

Reply

pathan vashid khan August 10, 2012 at 6:39 pm

i want know that what is interest rate 2000 p/m for 24 month

Reply

online bank watch September 21, 2012 at 11:41 am

Can you please provide SBI Recurring deposit Account interest rate Sheet.

Reply

harmesh Kumar Sharma September 24, 2012 at 12:18 pm

I want to known that what is the intrest rate of Recurring Deposit of Rs 1,000/per month for the perid of 60 months. How many Rupees after 60 months.

Reply

manoranjan October 1, 2012 at 1:29 pm

what is the rate of interest on Rs. 1000, for 1 year

Reply

vidhi bhagade November 7, 2012 at 2:52 pm

I want to known that what is the intrest rate of Recurring Deposit of Rs 1,000/per month for the perid of 12 months & 60 months. How many Rupees after 12 months 60 months.

REPLY.

Reply

mahadev piragi December 14, 2012 at 3:20 pm

hi . . . I want to deposit 100000 in fixed deposit account for the 5 year. Could you send me what is the rate of interest for that amount?

Reply

anurag mishra June 10, 2013 at 9:10 pm

i want to no how much int i got per month against 50 lakh rs

Reply

akesh June 30, 2013 at 2:17 pm

today s sunday will i get saving interest today

Reply

Manshu June 30, 2013 at 8:51 pm

Yes.

Reply

David darlong August 13, 2013 at 6:35 pm

Plz tell me yearly interest per 100000

Reply

SATISH KUMAR GAUTAM November 17, 2013 at 7:22 pm

I am a retired employee of State Bank of India. In case I invest Rs 20 Lacs in SBI Monthly Income Scheme or Monthly Pension Scheme, being a staff, how much I will get monthly income.

Reply

SATISH KUMAR GAUTAM November 17, 2013 at 7:26 pm

I am a retired employee of State Bank of India. In case I invest Rs 20 Lacs in SBI Monthly Income Scheme or Monthly Pension Scheme, being a staff member and senior citizen, how much I will get monthly income.

Reply

shareef January 14, 2014 at 12:46 pm

sir iam intrest to deposit in sbi like 40000 then how much interest can i get monthly please tel me sir

Reply

arup samanta April 6, 2014 at 12:08 pm

I want to know;1lakhs50thousand for 3 months saving .whats my interest credit will come.please tell me.

Thank you.

Reply

Marim Romen chothe June 30, 2014 at 8:23 pm

If I deposit rs 2000 per month for 10 years in Rd account how much amount will I received

Reply

Dhiraj Jadhav August 1, 2014 at 6:52 pm

I want to depisit 100000 in fix deposit ac..for the 1year .could u send me rate off intrs

Reply

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