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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 - Less than Rs. 15 lakh (last revised on May 04, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
15 days to 45 days Less than Rs. 15 lakh

6.25

6.75

Calculate
46 days to 90 days Less than Rs. 15 lakh

6.50

7.00

Calculate
91 days to 179 days Less than Rs. 15 lakh

8.00

8.50

Calculate
180 days to 299 days Less than Rs. 15 lakh

8.50

9.00

Calculate
300 days Less than Rs. 15 lakh

8.50

9.00

Calculate
301 days to less than 1 year Less than Rs. 15 lakh

8.50

9.00

Calculate
1 year to less than 500 days Less than Rs. 15 lakh

9.25

9.75

Calculate
500 days Less than Rs. 15 lakh

9.25

9.75

Calculate
501 days to less than 2 years Less than Rs. 15 lakh

9.25

9.75

Calculate
2 years to less than 909 days Less than Rs. 15 lakh

9.25

9.75

Calculate
909 days Less than Rs. 15 lakh

9.25

9.75

Calculate
910 days to less than 3 years Less than Rs. 15 lakh

9.25

9.75

Calculate
3 years to less than 5 years Less than Rs. 15 lakh

9.25

9.75

Calculate
5 years and above Less than Rs. 15 lakh

9.25

9.75

Calculate

b) For domestic deposits - Rs. 15 lakh and above (last revised on May 04, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 15 lakh and above

8.50

9.00

Calculate
15 days to 45 days Rs. 15 lakh and above

8.50

9.00

Calculate
46 days to 90 days Rs. 15 lakh and above

8.50

9.00

Calculate
91 days to 179 days Rs. 15 lakh and above

8.50

9.00

Calculate
180 days to 299 days Rs. 15 lakh and above

8.50

9.00

Calculate
300 days Rs. 15 lakh and above

8.50

9.00

Calculate
301 days to less than 1 year Rs. 15 lakh and above

8.50

9.00

Calculate
1 year to less than 500 days Rs. 15 lakh and above

9.25

9.00

Calculate
500 days Rs. 15 lakh and above

9.25

9.00

Calculate
501 days to less than 2 years Rs. 15 lakh and above

9.25

9.00

Calculate
2 years to less than 909 days Rs. 15 lakh and above

9.25

9.00

Calculate
909 days Rs. 15 lakh and above

9.25

9.00

Calculate
910 days to less than 3 years Rs. 15 lakh and above

9.25

9.00

Calculate
3 years to less than 5 years Rs. 15 lakh and above

9.25

9.00

Calculate
5 years and above Rs. 15 lakh and above

9.25

9.00

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 - 5 years Upto Rs. 1 lakh

9.25

9.75

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. 15 lakh (last revised on May 04, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
15 days to 45 days Less than Rs. 15 lakh 6.25 Calculate
46 days to 90 days Less than Rs. 15 lakh 6.50 Calculate
91 days to 179 days Less than Rs. 15 lakh 8.00 Calculate
180 days to 299 days Less than Rs. 15 lakh 8.50 Calculate
300 days Less than Rs. 15 lakh 8.50 Calculate
301 days to less than 1 year Less than Rs. 15 lakh 8.50 Calculate
1 year to less than 500 days Less than Rs. 15 lakh 9.25 Calculate
500 days Less than Rs. 15 lakh 9.25 Calculate
501 days to less than 2 years Less than Rs. 15 lakh 9.25 Calculate
2 years to less than 909 days Less than Rs. 15 lakh 9.25 Calculate
909 days Less than Rs. 15 lakh 9.25 Calculate
910 days to less than 3 years Less than Rs. 15 lakh 9.25 Calculate
3 years to less than 5 years Less than Rs. 15 lakh 9.25 Calculate
5 years and above Less than Rs. 15 lakh 9.25 Calculate

b) For NRO Fixed Deposit - Rs. 15 lakh and above (last revised on May 04, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 15 lakh and above 8.50 Calculate
15 days to 45 days Rs. 15 lakh and above 8.50 Calculate
46 days to 90 days Rs. 15 lakh and above 8.50 Calculate
91 days to 179 days Rs. 15 lakh and above 8.50 Calculate
180 days to 299 days Rs. 15 lakh and above 8.50 Calculate
300 days Rs. 15 lakh and above 8.50 Calculate
301 days to less than 1 year Rs. 15 lakh and above 8.50 Calculate
1 year to less than 500 days Rs. 15 lakh and above 9.25 Calculate
500 days Rs. 15 lakh and above 9.25 Calculate
501 days to less than 2 years Rs. 15 lakh and above 9.25 Calculate
2 years to less than 909 days Rs. 15 lakh and above 9.25 Calculate
909 days Rs. 15 lakh and above 9.25 Calculate
910 days to less than 3 years Rs. 15 lakh and above 9.25 Calculate
3 years to less than 5 years Rs. 15 lakh and above 9.25 Calculate
5 years and above Rs. 15 lakh and above 9.25 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Jan 04, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 2 years Less than Rs. 1 cr 9.50 Calculate
2 years to less than 3 years Less than Rs. 1 cr 9.25 Calculate
3 years and above upto 5 years Less than Rs. 1 cr 9.25 Calculate
5 years and above upto 10 years Less than Rs. 1 cr 9.25 Calculate