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) interest rates revised w.e.f. 13.12.2022

Accordingly, the interest rates for Retail Domestic Term Deposits ‘Below Rupees Two Crore 'have been revised.The revised interest rates are as under :

(All figures in % per annum)

Tenors Existing Rates for Public w.e.f. 22.10.2022 Revised Rates For Public w.e.f. 13.12.2022 Existing Rates for Senior Citizens w.e.f. 22.10.2022 Revised Rates for Senior Citizens w.e.f. 13.12.2022
7 days to 45 days 3.00 3.00 3.50 3.50
46 days to 179 days 4.50 4.50 5.00 5.00
180 days to 210 days 5.25 5.25 5.75 5.75
211 days to less than 1 year 5.50 5.75 6.00 6.25
1 year to less than 2 year 6.10 6.75 6.60 7.25
2 years to less than 3 years 6.25 6.75 6.75 7.25
3 years to less than 5 years 6.10 6.25 6.60 6.75
5 years and up to 10 years 6.10 6.25 6.90 7.25@

@Including additional premium of 50 bps under “SBI Wecare’’ deposit scheme

A special ‘SBI Wecare’ Deposit for Senior Citizens in the Retail TD segment wherein an additional premium of 50 bps over & above the existing 50 bps i.e. 100 bps over card rate for public (as indicated in the above table) will be paid to Senior Citizens on their retail TD for '5 Years and above' tenor only. ‘SBI Wecare’ deposit scheme stands extended up to 31st March 2023.


Last Updated On : Monday, 16-01-2023

Interest Rates

8.60%* p.a.

w.e.f. 26.01.2023

*T&C Apply.

 

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