Domestic Term Deposits    
 


 

Slabs

Single deposit less than Rs. 1 crore
Revised Interest Rates

w.e.f. 07.04.2008

(% p.a.)

Public

Public Senior Citizen Ex-Staff Senior Citizen
7 days to 14 days (only for deposit of        Rs 15 lacs and above) 4.00 4.00 5.00
15 days to 45 days 4.75 4.75 5.75
46 days to 90 days 5.25 5.25 6.25
91 days to 180 days 7.00 7.00 8.00
181 days to 364 days 7.50 7.50 8.50
365 days to 549 days 8.75 9.25 10.25
550 days (INDORE BANK SMART) 8.75 9.25 10.25
551 days to less than 2 years 8.75 9.25 10.25
2 years to less than 4 years 8.50 9.00 10.00
4 years to 5 years (SAMRIDDHI) 8.50 9.00 10.00
Above 5 years to  upto 10 years 8.50 9.00 10.00
 

Rate of interest on single deposit of Rs.1 crore and above will be quoted by Head Office. 

The interest rate payable to SBIn staff and SBIn ex-staff will be 1% above the applicable rates. The rate applicable to SBIn ex-staff Senior Citizens will be 1% above the rate payable to Public Senior Citizens.  

The above revised rates are applicable on fresh deposits and on renewal of maturing deposits. 

Senior Citizen Deposit
 

The differential interest rate for senior citizens (residents with age of 60 years or above on the date of acceptance of deposit) will be 0.50% above normal rate for deposits in all maturities of 1 year to 10 years.

 Please bring the contents of this circular to the notice of all concerned and make a reference of this circular on the circular referred to above and act accordingly.