Retail Domestic term deposits

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Retail Domestic term deposits

Revision in Interest Rates on Retail Domestic Term Deposits (Below Rs. 2 crore) w.e.f. 15.05.2024

The revised interest rates are as under :

(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 27/12/2023 Revised Rates for Senior Citizen w.e.f. 15/05/2024
7 days to 45 days 3.50 3.50 4.00 4.00
46 days to 179 days 4.75 5.50 5.25 6.00
180 days to 210 days 5.75 6.00 6.25 6.50
211 days to less than 1 year 6.00 6.25 6.50 6.75
1 Year to less than 2 years 6.80 6.80 7.30 7.30
2 years to less than 3 years 7.00 7.00 7.50 7.50
3 years to less than 5 years 6.75 6.75 7.25 7.25
5 years and up to 10 years 6.50 6.50 7.50* 7.50*

*Including additional premium of 50 bps under ”SBI We-care” deposit scheme.

The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-September-2024.

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

Sarvottam (Non-Callable) Domestic Retail Term Deposits (above ₹1 crore to less than ₹2 crores) (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 : Wednesday, 15-05-2024

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

*T&C Apply.

 

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