1/3/2011 STATE BANK OF INDIA :: INDIA's LARG…

DOMESTIC TERM DEPOSITS

The revised interest rates for Domestic Term Deposits 'Below Rupees One
Crore' effec tive from the 03.01.2011 would be as under:

Tenors Existing Revised

w.e.f. w.e.f.
07.12.2010 03.01.2011
7 days to 14 days 3.00 7 days to 14 days 4.00
15 days to 45 days 4.50 15 days to 45 days 5.00
46 days to 90 days 5.50 46 days to 90 days 5.50
91 days to 180 days 6.00 91 days to 180 days 6.00
181 days to less than 1 7.25 181 days to less than 1 7.75
year year
1 year to 554 days 7.75 1 year to 554 days 8.25
555 days 8.50 555 days 9.00
556 days to less than 2 7.75 556 days to less than 2 8.25
years years
2 years to 999 days 8.25 2 years to 999 days 8.75
1000 days 8.50 1000 days 9.00
1001days to less than 3 1001days to less than 3
8.25 8.75
years years
3 year to less than 5 8.25 3 year to less than 5 8.25
years years
5 years to less than 8 5 years to less than 8 8.50
8.50
years years
8 years and up to 10 8 years and up to 10 8.75
8.75
years years

Term deposits for maturity period of “7 days to 14 days” will also be ac cepted for
amounts of below Rs. One Crore.

There shall be no premium in rate of interest for single domestic term deposit of
‘Rs.15 lakhs but less than Rs.1 Crore’ of any maturity.

The revised rates of interest shall be made applicable to fresh deposits and
renewals of maturing deposits. The interest rates on “Capgains Plus”, “SBI Tax
Savings Scheme 2006(SBITSS)” schemes and NRO deposits shall be aligned as per
the revised rates for domestic term deposits. These rates of interest shall also be
made applicable to domestic term deposits from Cooperative Banks

Premature Payment of Term Deposits:

Interest to be paid on premature withdrawal of term deposits at 1.00% below the rate
applic able for the period deposit has remained with the Bank,

or 1.00% below the c ontracted rate, whic hever is lower

Domestic Term Deposits of Rs One Crore & above

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1/3/2011 STATE BANK OF INDIA :: INDIA's LARG…
Term deposits will c ontinue to be ac cepted for amounts of Rs. One Crore and above at all
the branches, and the ‘card’ rates w.e.f. 07.12.2010 are as below:

Tenors Revised w.e.f. 07.12.2010

7 days to 14 days 6.25

15 days to 30 days 6.25
31 days to 45days 6.50
46 days to 90 days 7.00
91 days to 180 days 7.25
181 days to 270 days 7.75
271 days to less than 1 year 8.00
1 year to less than 2 years 8.50
2 years and above 8.00

The Differential Rates of Interest (DRI rates for higher amount of deposits) for the day
may be obtained from the DGM(SME) at the nearest Local Head Office through the
nearest branch

© C opyright State Ba nk of India. Site credits Interpublicity

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