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.
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.
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Sir I want to take rs 8 lakhs as a home loan for the emi of rs 10000p/m, how many months it will take settle the loan please sir give a brief description of it
I want to Fixed Deposit (F.D.) Interest in 5 Years For 10,000 Amount.
Please Reply me Sir !
“Thank You”
Regards,
Adarsh Mishra
sir
i am going to retire and my pf amount will be deposit in MIS scheme pl give advice what type scheme i will use.
I want to depisit 100000 in fix deposit ac..for the 1year .could u send me rate off intrs
If I deposit rs 2000 per month for 10 years in Rd account how much amount will I received
I want to know;1lakhs50thousand for 3 months saving .whats my interest credit will come.please tell me.
Thank you.
sir iam intrest to deposit in sbi like 40000 then how much interest can i get monthly please tel me sir
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.
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.
Plz tell me yearly interest per 100000
today s sunday will i get saving interest today
Yes.
i want to no how much int i got per month against 50 lakh rs
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?
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.
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 60 months. How many Rupees after 60 months.
Can you please provide SBI Recurring deposit Account interest rate Sheet.
i want know that what is interest rate 2000 p/m for 24 month
sir what is the interest on fixed deposit for senior citizen
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,