State Bank of Hyderabad Fixed Deposit Rates for Senior Citizens
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Re: State Bank of Hyderabad Fixed Deposit Rates for Senior Citizens
No Buddy, as per my knowledge the Fixed Bank Deposit Schemes Interest Rate are same for all in State Bank of Hyderabad and not are different for Senior Citizens
Interest Rates on Domestic Term Deposits
Tenor of Deposit Below Rs. 1 crore Rs. 1 crores to Rs. 5 crores Above Rs. 5 crores to less than Rs. 10 crores
7 days to 45 days 5.75 5.50 5.50
46 days to 90 days 6.50 5.75 5.75
91 days to 179 days 6.75 6.00 6.00
180 days to 210 days 7.00 6.50 6.50
211 days to less than 1 year 7.25 6.50 6.50
1 year to 455 days 7.45 6.50 6.50
456 days to less than 2 years 7.50 6.50 6.50
2 years to less than 3 years 7.50 6.50 6.50
3 years to less than 5 years 7.25 6.00 6.00
5 years to 10 years 7.00 6.00 6.00
General Instructions for This Scheme
-The Senior Citizens would be offered 50 basis points higher than the normal rate for the Term Deposits of one year and above, 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 the depositor is a retired staff as well as senior citizen, the additional interest rates will be available under both categories.
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