Revision in Interest Rates on Domestic Bulk Term Deposits (Rs.1-10 crs) W.E.F. 24.11.2016

Revision in Interest Rates on Domestic Bulk Term Deposits (Rs.1-10 crs) W.E.F. 24.11.2016

  

DOMESTIC TERM DEPOSITS

Revision in Interest Rates on Domestic Bulk Term Deposits (Rs.1-10 crs) W.E.F. 24.11.2016

The revised Interest rates on 'Domestic Bulk Term deposits (Rs.1-10 crs) with effect from 24^th November 2016 will be as per following table:

(All figures in % per annum)

Tenors	Existing w.e.f. 17.11.2016	Revised w.e.f 24.11.2016	Existing for Senior Citizen w.e.f 17.11.2016	Revised for Senior Citizen w.e.f. 24.11.2016
7 days to 45 days	5.00	3.75	5.50	4.25
46 days to 179 days	5.50	3.85	6.00	4.35
180 days to 210 days	5.75	3.85	6.25	4.35
211 days to less than 1 year	5.75	4.00	6.25	4.50
1 year to 455 days	6.00	4.25	6.50	4.75
456 days to less than 2 years	6.00	4.25	6.50	4.75
2 years to less than 3 years	6.00	4.25	6.50	4.75
3 years to less than 5 years	5.50	4.25	6.00	4.75
5 years and up to 10 years	5.50	4.25	6.00	4.75

Revision In Interest Rates On Domestic Bulk Term Deposites (above Rs. 10 crs) W.E.F. 24.11.2016

The revised Interest rates on 'Domestic Bulk Term deposits (above Rs. 10 crs) with effect from 24^thNovember 2016 will be as per following table:

(All figures in % per annum)

Tenors	Existing w.e.f. 17.11.2016	Revised w.e.f 24.11.2016	Existing for Senior Citizen w.e.f 17.11.2016	Revised for Senior Citizen w.e.f. 24.11.2016
7 days to 45 days	4.75	3.75	5.25	4.25
46 days to 179 days	5.25	3.85	5.75	4.35
180 days to 210 days	5.50	3.85	6.00	4.35
211 days to less than 1 year	5.50	4.00	6.00	4.50
1 year to 455 days	5.50	4.25	6.00	4.75
456 days to less than 2 years	5.50	4.25	6.00	4.75
2 years to less than 3 years	5.50	4.25	6.00	4.75
3 years to less than 5 years	5.00	4.25	5.50	4.75
5 years and up to 10 years	5.00	4.25	5.50	4.75

Premature payment of Bulk term deposits:

Premature penalty for Bulk Term Deposits for all tenors will be 1%. It will be applicable for all new deposits including renewals. There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposit

The revised rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. The interest rates on NRO term deposits shall be aligned as per the rates for domestic term deposits. These rates of interest shall also be made applicable to domestic term deposits from Cooperative Banks.

Source : https://www.sbi.co.in/portal/web/interest-rates/domestic-term-deposits