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SBI – Revision in retail term deposit rates
Published on July 1, 2012
by NR INDRAN / INT
State Bank of India has decided to revise its Retail Term Deposit interest rates with anincrease of 0.25% in the tenor 3 years to less than 5 years witheffect from 1st July 2012.
The revised interest rates for Domestic Term Deposits ‘Below Rupees One Crore’ effective from the 1stJuly 2012 would be as under:
(Allfigures in % per annum)
| Tenor | Below Rs.15 Lakhs | Rs.15 lakhs to less than Rs. 1 Cr | ||
| Existing Rates w.e.f. 08.06.2012 | Revised rates w.e.f.01.07.2012 | Existing Rates w.e.f. 08.06.2012 |
Unchanged |
|
| 7 days to 90 days | 7.00 | 7.00 | 8.00 | 8.00 |
| 91 days to 179 days | 7.00 | 7.00 | 8.00 | 8.00 |
| 180 days | 7.00 | 7.00 | 8.00 | 8.00 |
| 181 days to 240 days | 7.25 | 7.25 | 8.00 | 8.00 |
| 241 days to less than 1 year | 7.50 | 7.50 | 8.00 | 8.00 |
| 1 year to less than 2 years | 9.00 | 9.00 | 9.00 | 9.00 |
| 2 years to less than 3 years | 9.00 | 9.00 | 9.00 | 9.00 |
| 3 years to less than 5 years | 8.75 | 9.00 | 9.00 | 9.00 |
| 5 years and up to 10 years | 8.75 | 8.75 | 9.00 | 9.00 |
You can contact author @ [email protected]
