SBI Fix Deposit Interest Rate, State Bank Of India Interest Rate
Features
FD Features
- Minimum period of deposit – 7 days
- Maximum period of deposit- 10 Years
- Available at all branches
- Minimum deposit amount Rs. 1,000/- and thereafter in multiples of Rs. 100/-
- Maximum deposit amount: No Upper Limit
- A deposit of Rs. 2 crore and more is classified as bulk deposit
- Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. But on request from the depositor, interest may be paid at monthly, half-yearly or yearly intervals in case of Term Deposits fixed for a term of twelve months and above.
- Nomination available in favour of individual only
- Transferability allowed among our branches
- TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitted by the depositor for exemption from tax deduction as per IT Rules.
Revision in Interest Rates On Retail Domestic term deposits (Below Rs. 2 crore) interest rates revised w.e.f. 15.02.2022
| Tenors | Existing Rates for Public w.e.f. 15.01.2022 | Revised Rates For Public w.e.f. 15.02.2022 | Existing Rates for Senior Citizens w.e.f. 15.01.2022 | Revised Rates for Senior Citizens w.e.f. 15.02.2022 |
|---|---|---|---|---|
| 7 days to 45 days | 2.90 | 2.90 | 3.40 | 3.40 |
| 46 days to 179 days | 3.90 | 3.90 | 4.40 | 4.40 |
| 180 days to 210 days | 4.40 | 4.40 | 4.90 | 4.90 |
| 211 days to less than 1 year | 4.40 | 4.40 | 4.90 | 4.90 |
| 1 year to less than 2 year | 5.10 | 5.10 | 5.60 | 5.60 |
| 2 years to less than 3 years | 5.10 | 5.20 | 5.60 | 5.70 |
| 3 years to less than 5 years | 5.30 | 5.45 | 5.80 | 5.95 |
| 5 years and up to 10 years | 5.40 | 5.50 | 6.20 | 6.30 |
Loan against deposit is allowed with applicable margin as under:
| Residual tenor of Deposit as on Date of availing loan (For Public) | Margin |
|---|---|
| Upto 36 Months | 5 % |
| >36 months & upto 60 months | 10% |
| >60 months | 15% |