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Domestic Term Deposit Interest Rates

Revision in Interest Rates on Domestic Bulk Term Deposits (Rs. 2 Crores and above) W.E.F. 15.05.2024

The revised Interest rates on 'Domestic Bulk Term deposits (Rs.2 Crore and above) will be as per following table:

(Rates in % p.a)

  General Public Senior Citizen
Tenors Existing Rates for Public w.e.f. 27/12/2023 Revised Rates for Public w.e.f. 15/05/2024 Existing Rates for Senior Citizen w.e.f. 27/12/2023 Revised Rates for Senior Citizen  w.e.f. 15/05/2024
7 days to 45 days 5.00 5.25 5.50 5.75
46 days to 179 days 5.75 6.25 6.25 6.75
180 days to 210 days 6.50 6.60 7.00 7.10
211 days to less than 1 year 6.75 6.75 7.25 7.25
1 Year to less than 2 years 6.80 7.00 7.30 7.50
2 years to less than 3 years 6.75 7.00 7.25 7.50
3 years to less than 5 years 6.25 6.25 6.75 6.75
5 years and up to 10 years 6.00 6.00 6.50 6.50

 

SBI GREEN RUPEE TERM DEPOSIT is available for three specific tenors of 1111, 1777 & 2222 days, at 10 bps below Card Rate for Bulk deposits.

Premature payment of Bulk term deposits:

Premature penalty for Bulk Term Deposits for all tenors will be 1%. It will be applicable for all new deposits including renewals.

Sarvottam (Non-Callable) Domestic Bulk Term Deposits(₹2 crores & above) (Pre-Mature Payment not allowed):

• 30 bps over card rate for tenor 1 year
• 40 bps over card rate for tenor 2 years

Other Term and conditions as applicable
Link for details:https://bank.sbi/web/interest-rates/sarvottam-domestic-term-deposit


Last Updated On : Tuesday, 14-05-2024

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

*T&C Apply.

 

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