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.
Interest Rates1. 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 ratesÂ 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 
Â 9.00 
Â 8.50 
Â 9.00 
Â 8.50 
3 years to less than 5 years 
Â 9.00 
Â 8.50 
Â 9.00 
Â 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 aboveÂ 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 ratesÂ w.e.f. 07.09.2012 
Existing Rates w.e.f. 07.08.2012 
Revised ratesÂ w.e.f. 07.09.2012 Â 

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
{ 40 comments… read them below or add one }
← Previous Comments
I AM HAVING RS.2 LAC SURPLUS IN MY SB ACCOUNT WHERE I HAVE TO INVEST FOR SHORT TIME
You need to go to a SBI ban branch to open an account Subhash, this is like a news website and leaving a comment here won’t help you at all.
Sir
I reuest to you pse give me in detail what is the intrest rate of RD for the amount Rs 10,000 per month for the term of RD is 5 Years.
You will have to go to the bank to get that.
can i deposit fix deposit less then 1lakh.
Yes, you surely can.
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.
Don’t know about that sorry – you will have to go to the bank to find out.
9.25 %
9.25% at S B I
sir i want to ask one question about pawn the jewel . What is the monthly interest of one lakh sir
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.
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.
Ã¬f 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.
Hi
Interest will be credited every 6 months.
interest is calculated for minimum balance available in 10 th to 30 th.
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.
you have not given any rate of interest for unfixed deposit
know I want to deposit Rd Rs1000per month after 10 year what amount I will draw form sbi
what is the interest rate for the senior citizen?
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 email address.
Did they tell you what rate of interest they are giving you?
Hi,
I want to open a new deposit account through my internet banking.
Please help
Thanks in advance for your help.
Regards,
Priya
Priya, please call the SBI helpdesk number and they will be able to help you.
i want to avail 30lacs loan on KVP,s Intt rate is enquired?
Here is a link to rate card of KVP:
http://www.kisanvikaspatra.com/kisanvikaspatraschemeandinterestrate.htm
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.
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.
Let me know
Why do you want monthly interest and what you will do with that interest amount.
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.
i want to know ,what is the intrest rate on RD account in state bank of india & compare with other banks.
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%.
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?
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,
sir what is the interest on fixed deposit for senior citizen
i want know that what is interest rate 2000 p/m for 24 month
Can you please provide SBI Recurring deposit Account interest rate Sheet.
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.
what is the rate of interest on Rs. 1000, for 1 year
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.
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?