SBI NRE/NRO, Senior Citizen, Domestic Fixed Deposit Rates – September 2012

India’s largest bank State Bank of India (SBI) has reduced its NRE/NRO, Senior Citizen, Domestic Term Deposit Rates by 0.5% – 1% for certain tenures from September 05, 2012.

[note color=”#FFCC00″]Click here to get the latest SBI Fixed Deposit Rates w.e.f March 1, 2013[/note]

Below are the revised rates.

SBI Term Deposit Interest Rates - September 2012

SBI Term Deposit Interest Rates – September 2012

Premature withdrawal of SBI Term Deposits:

  • Domestic Term and NRO Deposits should remain for a minimum period of 7 days and NRE Deposits should remain for a minimum period of 1 year in order to earn interest.
  • No penalty for premature withdrawal upto 180 days and 0.5% for other maturities.

Loan Against Fixed Deposit: Loan at only 0.5% above the rate of deposit on term deposit

2 thoughts on “SBI NRE/NRO, Senior Citizen, Domestic Fixed Deposit Rates – September 2012

  1. PLEASE TELL ME ABOUT FD SCHEME FOR NEW BORN BABY (FEMALE)
    LIKE Rs.10000.00 DEPOSIT FOR 18 YEAR OR MORE AND AFTER MUTURITY
    VALUE OF FUND Rs.100000.00 (APPROX).

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