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State Bank of Mysore

Fixed Deposit Rates

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

a) For domestic deposits - Above Rs. 10 cr (last revised on Nov 24, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 45 days Above Rs. 10 cr

3.75

N.A

Calculate
46 days to 179 days Above Rs. 10 cr

3.85

N.A

Calculate
180 days to 210 days Above Rs. 10 cr

3.85

N.A

Calculate
211 days to 364 days Above Rs. 10 cr

4.00

N.A

Calculate
1 year to 455 days Above Rs. 10 cr

4.25

N.A

Calculate
456 days to less than 2 years Above Rs. 10 cr

4.25

N.A

Calculate
2 year to less than 3 years Above Rs. 10 cr

4.25

N.A

Calculate
3 year to less than 5 years Above Rs. 10 cr

4.25

N.A

Calculate
5 year & above upto 10 years Above Rs. 10 cr

4.25

N.A

Calculate

b) For domestic deposits - Less than Rs. 1 cr (last revised on Mar 02, 2017)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 45 days Less than Rs. 1 cr

5.50

6.00

Calculate
46 days to 90 days Less than Rs. 1 cr

6.50

7.00

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

6.50

7.00

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

6.50

7.00

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

6.50

7.00

Calculate
1 year to 455 days Less than Rs. 1 cr

6.90

7.40

Calculate
456 days to less than 2 years Less than Rs. 1 cr

6.75

7.25

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

6.75

7.25

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

6.50

7.00

Calculate
5 year & above upto 10 years Less than Rs. 1 cr

6.50

7.00

Calculate

c) For domestic deposits - Rs. 1 cr to Rs. 10 cr (last revised on Nov 24, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 45 days Rs. 1 cr to Rs. 10 cr

3.75

N.A

Calculate
46 days to 179 days Rs. 1 cr to Rs. 10 cr

3.85

N.A

Calculate
180 days to 210 days Rs. 1 cr to Rs. 10 cr

3.85

N.A

Calculate
211 days to 364 days Rs. 1 cr to Rs. 10 cr

4.00

N.A

Calculate
1 year to 455 days Rs. 1 cr to Rs. 10 cr

4.25

N.A

Calculate
456 days to less than 2 years Rs. 1 cr to Rs. 10 cr

4.25

N.A

Calculate
2 year to less than 3 years Rs. 1 cr to Rs. 10 cr

4.25

N.A

Calculate
3 year to less than 5 years Rs. 1 cr to Rs. 10 cr

4.25

N.A

Calculate
5 year & above upto 10 years Rs. 1 cr to Rs. 10 cr

4.25

N.A

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

 
SBM TAX SAVER - 3 years Upto Rs. 1 lakh

6.50

7.00

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 - Above Rs. 10 cr (last revised on Nov 24, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 45 days Above Rs. 10 cr 3.75 Calculate
46 days to 179 days Above Rs. 10 cr 3.85 Calculate
180 days to 210 days Above Rs. 10 cr 3.85 Calculate
211 days to 364 days Above Rs. 10 cr 4.00 Calculate
1 year to 455 days Above Rs. 10 cr 4.25 Calculate
456 days to less than 2 years Above Rs. 10 cr 4.25 Calculate
2 year to less than 3 years Above Rs. 10 cr 4.25 Calculate
3 year to less than 5 years Above Rs. 10 cr 4.25 Calculate
5 year & above upto 10 years Above Rs. 10 cr 4.25 Calculate

b) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Mar 02, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 45 days Less than Rs. 1 cr 5.50 Calculate
46 days to 90 days Less than Rs. 1 cr 6.50 Calculate
91 days to 179 days Less than Rs. 1 cr 6.50 Calculate
180 days to less than 210 days Less than Rs. 1 cr 6.50 Calculate
211 days to less than 1 years Less than Rs. 1 cr 6.50 Calculate
1 year to 455 days Less than Rs. 1 cr 6.90 Calculate
456 days to less than 2 years Less than Rs. 1 cr 6.75 Calculate
2 year to less than 3 years Less than Rs. 1 cr 6.75 Calculate
3 year to less than 5 years Less than Rs. 1 cr 6.50 Calculate
5 year & above upto 10 years Less than Rs. 1 cr 6.50 Calculate

c) For NRO Fixed Deposit - Rs. 1 cr to Rs. 10 cr (last revised on Nov 24, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 45 days Rs. 1 cr to Rs. 10 cr 3.75 Calculate
46 days to 179 days Rs. 1 cr to Rs. 10 cr 3.85 Calculate
180 days to 210 days Rs. 1 cr to Rs. 10 cr 3.85 Calculate
211 days to 364 days Rs. 1 cr to Rs. 10 cr 4.00 Calculate
1 year to 455 days Rs. 1 cr to Rs. 10 cr 4.25 Calculate
456 days to less than 2 years Rs. 1 cr to Rs. 10 cr 4.25 Calculate
2 year to less than 3 years Rs. 1 cr to Rs. 10 cr 4.25 Calculate
3 year to less than 5 years Rs. 1 cr to Rs. 10 cr 4.25 Calculate
5 year & above upto 10 years Rs. 1 cr to Rs. 10 cr 4.25 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Nov 24, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to 455 days Less than Rs. 1 cr 6.90 Calculate
456 days to less than 2 years Less than Rs. 1 cr 6.95 Calculate
2 year to less than 3 years Less than Rs. 1 cr 6.85 Calculate
3 year to less than 5 years Less than Rs. 1 cr 6.50 Calculate
5 year & above upto 10 years Less than Rs. 1 cr 6.50 Calculate
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