State Bank Of Mysore Deposit Schemes

I want to know the Deposit Schemes of State Bank Of Mysore so can you tell me? Also tell me the interest rate in the bank?

State Bank Of Mysore offers various New Deposit Schemes. Open an account with any of their branches and realise the advantage of their vast network.

Earn high interest on fixed deposits, putting your money to work for you with confidence and security.

New Deposit Schemes

MYBANK SANCHAY Savings Bank Account

Centenary Liquid Term Deposit

Mybank Suraksha Savings Account

Mybank Suraksha Savings Plus Account

Mybank Suraksha Time Deposit Account

Saral Savings Bank account (No Frills account)

SBM Tax Saver Scheme

Multi Option Deposit Scheme

Savings Bank account

Term Deposits

Reinvestment Deposits

Recurring Deposits

Harsha Deposit

Public Provident Fund Scheme

Interest rates-

SBM Base Rate inrespect of all advances (other than certain exempted categories): 9.65 %( w.e.f 07.10.2015)

SBM Prime Lending Rate- SBMPLR-15.00%( w.e.f 04.03.2013)

Marginal Cost of Funds based MCLR effective
Lending Rate (MCLR) from 01.05.2016
Overnight MCLR 9.15%
One Month MCLR 9.25%
Three Month MCLR 9.30%
Six Month MCLR 9.40%
1 Year MCLR 9.50%

Rates of interest with effect from 20-04-2016.

For Deposits Of Less Than Rs 1.00 Crore

Period Rate Of Interest (%)
7 Days to 45 days 5.75
46 Days to 90 days 6.25
91 days to 179 days 6.5
180 days to less than 1 year 7.25
1 year to less than 2 years 7.6
2 years to less than 3 years 7.5
3 years up to 5 years 7.5
Above 5 years and up to 10 years 7.5

Contact-

State Bank of Mysore,
H .O.: K.G.Road,
Bangalore - 560254, INDIA.
Phone (EPABX): 91 80 22353901 (30 lines of PRI)
Fax: 91 80 22283684

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Answered By StudyChaCha Member