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Old December 23rd, 2016, 11:04 AM
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Join Date: Apr 2013
Default Re: State Bank Of Patiala Fixed Deposit Interest Rates

The State Bank of Patiala is extends extremely competitive interest rates for its Fixed Deposit accounts with short tenures. Short tenure fixed deposits ensure that the investor can maintain sufficient liquidity between investments.

Tenures as short as 30 days and 60 days earn returns at the rate of 6.5% p.a. These durations are convenient to the investor allowing customers to maintain regular liquidity through the months.

Interest rate:

Tenure Interest Rate
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 6.90%
18 Months 6.95%
2 Years 6.85%
3 Years 6.50%
4 Years 6.50%
5 Years 6.50%
7 Years 6.50%
10 Years 6.50%

90 days and 120 days tenures also offer interest at the rate of 6.5% but obviously will earn more interest as compared to the previous category due to a longer duration. 120 days tenures are also offered with the interest rate of 6.5% p.a.

The best returns in the short term category can be earned with 60 days tenures.

Interest rate For domestic deposits - Less than Rs. 1cr:

Maturity Period Deposit Amount Interest Rate (% p.a.)
General Senior Citizen
7 days to 90 days Less than Rs. 1cr 6 6
91 days to 180 days Less than Rs. 1cr 6.75 6.75
181 days to 270 days Less than Rs. 1cr 6.8 6.8
271 days to less than 1 year Less than Rs. 1cr 7.27 7.27
1 year to 555 days Less than Rs. 1cr 7.77 8.17
556 days to less than 5 year Less than Rs. 1cr 7.52 7.92
5 years to less than 10 years Less than Rs. 1cr 7.42 7.82
Deposit for 18 Years ( For Girl Child) Cir. No PSB/PNS/34 dated 24-09-2010 Less than Rs. 1cr 7.42 N.A
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