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Old June 5th, 2016, 03:53 PM
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Join Date: Apr 2013
Default Re: State Bank of India Deposit rates

State Bank of India is a Government-Owned Corporation which Was, until 1955, known as the Imperial Bank of India.

SBI offers some of the most sought after FD schemes in the country with features and interest rates that are very competitive and make for some of the best savings solutions vis-a-vis its peers

Eligibility Criteria :

Any Individual, private or public limited company, Hindu Unified Family, trust, partnership firm or society is eligible to open a fixed deposit account with SBI.

In the case of individuals, the terms and procedure for opening a fixed deposit account with SBI is the same as that for the savings account

SBI Offers FD Interest Rates upto 7.50% per annum

Interest on deposits with SBI is typically compounded quarterly.

SBI accepts deposits starting at Rs. 1000 for various tenures.

For senior citizens (age more than 60 years), SBI offers 0.25% higher interest rate over and above rates mentioned below.

State Bank of India Fixed Deposit Rates Last Updated 20th May 16

30 Days 5.50%
45 Days 5.50%
60 Days 6.50%
90 Days 6.50%
120 Days 6.50%
6 Months 6.75%
9 Months 7.00%
12 Months 7.25%
18 Months 7.50%
2 Years 7.50%
3 Years 7.00%
4 Years 7.00%
5 Years 7.00%
7 Years 7.00%
10 Years 7.00%
Answered By StudyChaCha Member
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