September 02, 2011

State Bank of India Deposit Rate


1. Domestic Term Deposits: The first one in the list is interest rates for domestic term depositsbelow one crore rupees.
Here is the table that has those rates.
TenorsExisting w.e.f. 12.05.2011TenorsRevised w.e.f. 11.07.2011
7 days to 14 days6.257 days to 90 days7.00
15 days to 45 days6.25
46 days to 90 days6.25
91 days to 180 days7.0091 days to 179 days7.25
181 days to less than 1 year7.75180 days to 240 days6.50
241 days to less than 1 year7.75
1 year to 554 days8.251 year to less than 2 years9.25
555 days9.25
556 days to less than 2 years8.25
2 years to 999 days8.752 years to less than 3 years9.25
1000 days9.25
1001days to less than 3 years8.75
3 years to less than 5 years8.253 years to less than 5 years9.25
5 years to less than 8 years8.505 years and up to 10 years9.25
8 years and up to 10 years8.75

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:
TenorsExisting w.e.f. 07.12.2010Revised w.e.f. 11.07.2011
7 days to 14 days6.257 days to 14 days8.00
15 days to 30 days6.2515 days to 30 days8.00
31 days to 45days6.5031 days to 45days8.00
46 days to 90 days7.0046 days to 90 days8.25
91 days to 180 days7.2591 days to 179 days8.00
180 days to 240 days8.00
181 days to 270 days7.75241 days to 270 days8.00
271 days to less than 1 year8.00271 days to less than 1 year8.25
1 year to less than 2 years8.501 year to less than 2 years9.00
2 years and above8.002 years and above8.75
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:
TenorsExisting w.e.f. 12.05.2011Revised w.e.f. 11.07.2011
7 days to 14 days6.257 days to 90 days7.00
15 days to 45 days6.25
46 days to 90 days6.25
91 days to 180 days7.0091 days to 179 days7.25
181 days to less than 1 year7.75180 days to 240 days6.50
241 days to less than 1 year7.75
1 year to 554 days8.751 year to less than 2 years9.75
555 days9.75
556 days to less than 2 years8.75
2 years to 999 days9.252 years to less than 3 years9.75
1000 days9.75
1001 days to less than 3 years9.25
3 years to less than 5 years8.753 years to less than 5 years9.75
5 years to less than 8 years9.005 years to less than 8 years9.75
8 years and up to 10 years9.258 years and up to 10 years9.75
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.

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