Interest Rates

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Interest Rates

State Bank of India provides information on the various Interest rates offered by it on various loans and deposit schemes.

Details of Up-to-date interest rates scheme-wise is given in the sections one could click on to.

"Please call SBI's 24X7 helpline through Toll free 1800 1234, 1800 11 2211, 1800 425 3800 or Toll number 080-26599990 These are accessible from all landlines and mobile phones in the country"

Number of days in a year (including leap year) reckoned for calculation of interest shall be 365 days for all INR denominated domestic loans and advances.

Savings Bank Deposits


Domestic Term Deposits


MCLR


REPO Rate

  • RBI REPO RATE : 6.50%

External Benchmark Rate (EBR) with effect from 15.02.2023

RBI REPO Rate Spread EBR
6.50% 2.65% 9.15%

 


EBLR


BPLR


Base Rate


P-Segment Advances


Penalty on Premature Withdrawal of Deposits

DOMESTIC RETAIL TERM DEPOSITS
REVISION IN PENALTY ON PREMATURE WITHDRAWALS WITH EFFECT FROM 01 ST APRIL 2017

The penalty on premature withdrawals of Domestic Retail Term Deposits effective from 01 st April 2017 as under:

Sl. No. Description Penalty (All Tenors)
1 Retail Term Deposits up to Rs.5.00 lacs 0.50%
2 Retail Term Deposits above Rs.5.00 lacs but below Rs.2 Crore 1%
3. Bulk Term Deposit of Rs.2.00 Crore and above 1%
  • The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.
  • No interest will be paid on Deposits which remain for a period of less than 7 days.

Last Updated On : Tuesday, 14-01-2025

Interest Rates

8.50%* p.a. onwards

w.e.f. 05.04.2024

*T&C Apply.

 

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