#1
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Can you tell me about the Interest Rates for FD (Fixed Deposits) in State Bank of Bikaner and Jaipur (SBBJ) under short and long terms as I want to check it before applying for it?
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#2
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State Bank of Bikaner and Jaipur (SBBJ) is a public-sector company with operations throughout India. It provides fixed deposits to all customers satisfying minimum criteria. Its fixed deposits are available for varying tenors ranging from 7 days (short term) up to 10 years (long term). SBBJ short term FD rates It offers interest rates between 5.50% and 7.50% for deposits of less than 1 year tenor. The highest interest rate of 7.50% is provided for tenors between 180 days and 364 days (6 months up to a year). Rates start from 5.50% for shortest slab of 7 days to 45 days, which increases by 1.25% to 6.75% for 45 days to 90 days tenor. 91 days to 179 days tenor FDs are also a good choice as a medium term product with 7% interest rate, compounded annually. SBBJ medium and long term FD rates A high interest rate of 8.50% is applicable on FDs of tenors between 1 and 5 years. It is once again a compounded rate with effective yield at the end of tenor quite higher than the 8.50% quoted in the product. SBBJ Senior citizen FD rates Senior citizens are provided special interest rates for deposits up to Rs 1 crore. The special rates are applicable on all deposit tenors not less than 1 year. 0.25% additional interest is provided to such customers as compared to non-senior applicants. a) For domestic deposits - Less than Rs. 1 cr (last revised on Feb 11, 2016) Maturity Period Deposit Amount Interest Rate (% P.A) General Senior Citizen 7 days to 14 days Less than Rs. 1 cr 5.5 5.5 15 days to 45 days Less than Rs. 1 cr 5.75 5.75 46 days to 90 days Less than Rs. 1 cr 6 6 91 days to and upto 179 days Less than Rs. 1 cr 6.75 6.75 180 days less than 1 year Less than Rs. 1 cr 7 7.5 1 years to less than 3 years Less than Rs. 1 cr 7.5 8 1 year Less than Rs. 1 cr 7.5 8 3 year and to 5 years Less than Rs. 1 cr 7.5 8 above 5 year and upto 10 years Less than Rs. 1 cr 7.5 8 b) For domestic deposits - Rs. 1 cr and above upto Rs. 10 cr (last revised on Feb 11, 2016) Maturity Period Deposit Amount Interest Rate (% P.A) General Senior Citizen 7 days to 14 days Rs. 1 cr and above upto Rs. 10 cr 5.5 5.5 15 days to 45 days Rs. 1 cr and above upto Rs. 10 cr 5.5 5.5 46 days to 90 days Rs. 1 cr and above upto Rs. 10 cr 5.75 5.75 91 days to and upto 179 days Rs. 1 cr and above upto Rs. 10 cr 6.75 6.75 180 days less than 1 year Rs. 1 cr and above upto Rs. 10 cr 7 7 1 year Rs. 1 cr and above upto Rs. 10 cr 7.25 7.5 above 1 years to less than 3 years Rs. 1 cr and above upto Rs. 10 cr 7 7.25 3 year and to 5 years Rs. 1 cr and above upto Rs. 10 cr 6.75 7 above 5 year and upto 10 years Rs. 1 cr and above upto Rs. 10 cr 6.75 7
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