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State Bank of India (SBI)

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 1 cr (last revised on Feb 18, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 90 days Less than Rs. 1 cr

7.50

7.50

Calculate
91 days to 179 days Less than Rs. 1 cr

7.50

7.50

Calculate
180 days to 210 days Less than Rs. 1 cr

7.00

7.00

Calculate
211 days to less than 1 year Less than Rs. 1 cr

7.50

7.50

Calculate
1 year to less than 2 years Less than Rs. 1 cr

9.00

9.25

Calculate
2 years to less than 3 years Less than Rs. 1 cr

9.00

9.25

Calculate
3 years to less than 5 years Less than Rs. 1 cr

8.75

9.00

Calculate
5 years and upto 10 years Less than Rs. 1 cr

8.50

8.75

Calculate

b) For domestic deposits - Above Rs. 1 cr (last revised on Feb 18, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 60 days Above Rs. 1 cr

6.50

6.75

Calculate
61 days to less than 1 year Above Rs. 1 cr

7.00

7.25

Calculate
1 year to less than 2 years Above Rs. 1 cr

8.25

8.50

Calculate
2 years to less than 5 years Above Rs. 1 cr

8.50

8.75

Calculate
5 years and upto 10 years Above Rs. 1 cr

8.50

8.75

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
SBI Tax Savings Scheme (SBITSS) - 5 years Upto Rs. 1 lakh

8.50

8.75

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Feb 18, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 90 days Less than Rs. 1 cr 7.50 Calculate
91 days to 179 days Less than Rs. 1 cr 7.50 Calculate
180 days to 210 days Less than Rs. 1 cr 7.00 Calculate
211 days to less than 1 year Less than Rs. 1 cr 7.50 Calculate
1 year to less than 2 years Less than Rs. 1 cr 9.00 Calculate
2 years to less than 3 years Less than Rs. 1 cr 9.00 Calculate
3 years to less than 5 years Less than Rs. 1 cr 8.75 Calculate
5 years and upto 10 years Less than Rs. 1 cr 8.50 Calculate

b) For NRO Fixed Deposit - Above Rs. 1 cr (last revised on Feb 18, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 60 days Above Rs. 1 cr 6.75 Calculate
61 days to less than 1 year Above Rs. 1 cr 7.25 Calculate
1 year to less than 2 years Above Rs. 1 cr 8.50 Calculate
2 years to less than 5 years Above Rs. 1 cr 8.75 Calculate
5 years and upto 10 years Above Rs. 1 cr 8.75 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Sep 20, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 2 years Less than Rs. 1 cr 9.00 Calculate
2 year and upto 10 years Less than Rs. 1 cr 9.00 Calculate

b) For NRE Fixed Deposit - Above Rs. 1 cr (last revised on Nov 01, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 2 years Above Rs. 1 cr 8.25 Calculate
2 year and upto 10 years Above Rs. 1 cr 8.50 Calculate
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