Retail Domestic term deposits

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Retail Domestic term deposits

Interest Rates On Retail Domestic term deposits (Below Rs. 2 crore)

Revision in Interest Rates on Retail Domestic Term Deposits (Below Rs. 2 crore) w.e.f. 15.02.2023

The revised interest rates are as under :

(Rates in % p.a)

	General Public		Senior Citizen
Tenors	Rates w.e.f. 15/02/2023	Annualised Yield#	Rates w.e.f. 15/02/2023	Annualised Yield#
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	5.35	5.75	5.88
211 days to less than 1 year	5.75	5.88	6.25	6.40
1 Year to less than 2 years	6.80	6.98	7.30	7.50
2 years to less than 3 years	7.00	7.19	7.50	7.71
3 years to less than 5 years	6.50	6.66	7.00	7.19
5 years and up to 10 years	6.50	6.66	7.50@	7.71

400 days (Special Scheme i.e. “ Amrit Kalash”)	7.10	7.29	7.60	7.82

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 31-December-2023.

# Compounded Quarterly
@ Including additional premium of 50 bps under ”SBI We-care” deposit scheme.

Sarvottam (Non-Callable) Domestic Retail Term Deposits (above ₹15 lakhs 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, 16-08-2023

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Retail Domestic term deposits - Interest Rates