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9th January 2017, 12:59 PM
Super Moderator
 
Join Date: Mar 2013
Re: State Bank Of Hyderabad Deposit Rates

I will let you know State Bank of Hyderabad, fixed deposit interest rates so that you can check it and remember easily.

Here are the deposit rates

Tenor of Deposit Below ` 1 crore (w.e.f 18.11.2016) ` 1 crores to ` 10 crores (w.e.f 25.11.2016)
7 days to 45 days 5.50 3.75
46 days to 179 days 6.50 3.85
180 days to 210 days 6.75 3.85
211 days to less than 1 year 7.00 4.00
1 year to 455 days 6.90 4.25
456 days to less than 2 years 6.95 4.25
2 years to less than 3 years 6.85 4.25
3 years to less than 5 years 6.50 4.25
5 years and upto 10 years 6.50 4.25

General Instructions

The Senior Citizens would be offered 50 basis points higher than the normal rate for all time buckets of deposits provided they fulfill all the terms and conditions as laid down.

Revised interests on deposits are applicable on new deposits and also the existing deposits on their renewal.

The interest rate on Savings Bank account remains unchanged at 4.00% p.a.

Term Deposit will be accepted for a maximum period of 10 years only.

In case of joint deposit accounts with one staff member with a senior citizen, only staff benefit can be permitted.

In case of premature closure of Term Deposits the interest rate applicable will be the interest rate for the contracted period or the interest rate for the period for which the deposit has remained with the Bank, whichever is less for deposits below Rs. 5 lacs.

Premature penalty for Retail Term Deposits upto Rs. 5.00 lacs will be ‘NIL’ provided the dposits have remained with the bank for atleast 7 days, for the deposits issued/renewed on or after 27/10/2016.

For term deposits above Rs. 5.00 lacs but less than Rs. 1Crore, the prepayment penalty will be 1% for all tenors , for the deposits issued/renewed on or after 27/10/2016.


Address:-

State Bank of Hyderabad
Abids Road, Brook Bond Colony, Chirag Ali Lane, Abids, Hyderabad, Telangana 500001

Phone:-
1800 425 4055


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