State Bank Of Hyderabad Interest Rates For Senior Citizens

Hello sir, I am Rohit Sharma. I am from Hyderabad. I want you to help me by giving me some information about the interest rates on Domestics Term deposits for senior citizens for amount below 1 crore. Can you help me?

As you have asked about the interest rates on Domestics Term deposits for senior citizens for amount below 1 crore, I am giving you details about it

Tenor of Deposit

Below ` 1crore
w.e.f. 20.11.15

7 days to 45 days 6.00%
46 days to 90 days 6.50%
91 days to 179 days 6.75%
180 days to less than 1yr 7.50%
1yr to less than 2yrs 7.75%
2yrs to less than 3yrs 7.75%
3yrs and upto 5yrs 7.75%
Above 5 yrs and upto 10 yrs 7.75%

The Senior Citizens would be offered 50 basis points higher than the normal rate for the Term Deposits of one year and above,

Term Deposit will be accepted for a maximum period of 10 years only.
In case the depositor is a retired staff as well as senior citizen, the additional interest rates will be available under both categories.

__________________
Answered By StudyChaCha Member