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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. 5 cr (last revised on Aug 04, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Above Rs. 5 cr

8.00

8.50

Calculate
15 days to 45 days Above Rs. 5 cr

8.00

8.50

Calculate
46 days to 90 days Above Rs. 5 cr

8.00

8.50

Calculate
91 days to 179 days Above Rs. 5 cr

8.00

8.50

Calculate
180 days to 269 days Above Rs. 5 cr

8.25

8.75

Calculate
270 days to 363 days Above Rs. 5 cr

8.25

8.75

Calculate
364 days Above Rs. 5 cr

8.25

8.75

Calculate
1 year only Above Rs. 5 cr

9.00

9.50

Calculate
above 1 year to 2 years Above Rs. 5 cr

9.00

9.50

Calculate
above 2 year to 5 years Above Rs. 5 cr

9.00

9.50

Calculate

b) For domestic deposits - Less than Rs. 1 cr (last revised on Aug 01, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 90 days Less than Rs. 1 cr

8.00

8.50

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

8.00

8.50

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

8.25

8.75

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

9.00

9.50

Calculate

c) For domestic deposits - Rs. 1 cr to Rs. 5 cr (last revised on Aug 01, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 45 days Rs. 1 cr to Rs. 5 cr

8.00

8.50

Calculate
45 days to 90 days Rs. 1 cr to Rs. 5 cr

8.00

8.50

Calculate
91 days to 179 days Rs. 1 cr to Rs. 5 cr

8.00

8.50

Calculate
180 days to 269 days Rs. 1 cr to Rs. 5 cr

8.25

8.75

Calculate
270 days to 364 days Rs. 1 cr to Rs. 5 cr

8.25

8.75

Calculate
1 year only Rs. 1 cr to Rs. 5 cr

9.00

9.50

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

9.00

N.A

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. 5 cr (last revised on Aug 04, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Above Rs. 5 cr 8.00 Calculate
15 days to 45 days Above Rs. 5 cr 8.00 Calculate
46 days to 90 days Above Rs. 5 cr 8.00 Calculate
91 days to 179 days Above Rs. 5 cr 8.00 Calculate
180 days to 269 days Above Rs. 5 cr 8.25 Calculate
270 days to 363 days Above Rs. 5 cr 8.25 Calculate
364 days Above Rs. 5 cr 8.25 Calculate
1 year only Above Rs. 5 cr 9.00 Calculate
above 1 year to 2 years Above Rs. 5 cr 9.00 Calculate
above 2 year to 5 years Above Rs. 5 cr 9.00 Calculate

b) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Aug 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 90 days Less than Rs. 1 cr 8.00 Calculate
91 days to 179 days Less than Rs. 1 cr 8.00 Calculate
180 days to less than 1 years Less than Rs. 1 cr 8.25 Calculate
1 year & above upto 10 years Less than Rs. 1 cr 9.00 Calculate

c) For NRO Fixed Deposit - Rs. 1 cr to Rs. 5 cr (last revised on Aug 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 45 days Rs. 1 cr to Rs. 5 cr 8.00 Calculate
45 days to 90 days Rs. 1 cr to Rs. 5 cr 8.00 Calculate
91 days to 179 days Rs. 1 cr to Rs. 5 cr 8.00 Calculate
180 days to 269 days Rs. 1 cr to Rs. 5 cr 8.25 Calculate
270 days to 364 days Rs. 1 cr to Rs. 5 cr 8.25 Calculate
1 year only Rs. 1 cr to Rs. 5 cr 9.00 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Mar 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to and above upto 2 years Less than Rs. 1 cr 9.00 Calculate
above 2 years to and upto 3 years Less than Rs. 1 cr 9.00 Calculate
above 3 years to upto 5 years Less than Rs. 1 cr 9.00 Calculate
above 5 years Less than Rs. 1 cr 9.00 Calculate
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