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Old April 20th, 2016, 10:53 AM
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Join Date: Nov 2011
Default Re: SBI Interest Rates

The State Bank of India (SBI) is a nationalised government-owned bank. The Government of India owns 58.6% shares in SBI and the remaining is held by various shareholders.

SBI offers some of the most attractive and sought after Fixed Deposit (FD) schemes in the country.

The features and rates of interest offered are very competitive, and is available to all investors looking for a safe, fixed returns investment avenue.

State Bank of India provides information on the various Interest rates offered by it on various loans and deposit schemes.

Benchmark Prime Lending Rate (BPLR) reduced from:
14.45% p.a. to 14.05% p.a. w.e.f. 05.10.2015

Base Rate reduced from:
09.70% p.a. to 9.30% p.a. w.e.f. 05.10.2015

Fixed Deposits that feature tenures of more than a year, up to 5 years, have interest rates ranging from 7.0% p.a. -7.5% p.a. The term could be for 1.6, 2, 3, 4, and 5 years

SBI offers short-term deposits from interest rates of 5.25% p.a. – 7.25% p.a., quarterly compounded.

Period Institution% Rate p.a.:

1 Year RBL Bank 8.5%
Quarterly compounding 2.18 Lakhs
Indian Private Sector Banks
Fixed deposit

1 Year Punjab National Bank 8.0%
Compound yearly 2.16 Lakhs
Housing Finance Company
Fixed deposit

1 Year SBI 7.25%
Quarterly compounding 2.15 Lakhs
Public Sector Banks
Fixed deposit
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