I want to inform you that there is no Monthly Income Scheme launched by State Bank of Hyderabad.

The Bank offers Fixed Deposit Scheme. The PRINCIPAL amount is INTACT and you can take the Interest PAY OUT at Monthly, Quarterly, Half Yearly OR Yearly frequency as per your Choice.

To plan your financial requirement, depending on your needs at different points in time, State Bank of Hyderabad offers you a whole gamut of Deposit Schemes & variants of the same.

Features of Fixed Deposit Scheme:
Fixed Deposits accounts can be opened for a minimum period of 15 days to a maximum period of 10 years.

However, for deposits of `15.00 lacs and above, a term deposit can also be opened between 7 to 14 days

There will be no penalty for premature withdrawal of term deposits provided these Deposits have remained with the Bank for at least 7 days.

Loans/ Overdraft facility (upto 90% of deposit amount) against deposits are available

The interest is paid at Monthly, Quarterly, Half-Yearly and Yearly intervals as per the option of the customer

TDS will be applicable as per I.T Rules

Auto renewal facility on maturity of the deposit

Interest Rates on Domestic Term Deposits

Tenor of Deposit Below Rs.1crore Rs.1 crores to Rs.10 crores
(w.e.f 10.03.2017) (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 6.50 3.85
211 days to less than 1 year 6.50 4.00
1 year to 455 days 6.90 4.25
456 days to less than 2 years 6.75 4.25
2 years to less than 3 years 6.75 4.25
3 years to less than 5 years 6.50 4.25
5 years and upto 10 years 6.50 4.25