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June 16th, 2016, 10:16 AM
Super Moderator
 
Join Date: Mar 2013
Re: State Bank of India NRI CD Rates

Hello, here I am providing you the interest rates of the fixed deposits rates of the NRI accounts in State Bank of India as under:

NRE TERM DEPOSITS With effect from 27th April 2016
Tenors Below Rs.1 Crore Rs.1 Crore & Above
1 year to 455 days 7.25% 6.75%
456 days to less than 2 years 7.50% 6.75%
2 years to less than 3 years 7.50% 6.50%
3 years to less than 5 years 7.00% 6.00%
5 years and upto 10 years 7.00% 6.00%

NRE term deposits opened or renewed Penalty
Before 1st January, 2012 1.00%
From 1st January, 2012 - 09th April 2015 0.50%
From 10th April 2015 1.00%

Interest rate for SAVINGS BANK NRE deposits wef 03.05.2011
Rate (% p.a.)
Interest rate for NRE SB deposit 4.0% P.A.

NRO FIXED DEPOSITS
With effect from 27th April- 2016 (p.a.)
Tenors Below Rs.1 Crore Rs 1 Crore & above
7 days to 45 days 5.50% 5.50%
46 days to 60 days 6.50% 6.00%
61 days to 179 days 6.50% 6.00%
180 days to 210 days 6.75% 6.50%
211 days to less than 1 year 7.00% 6.50%
1 year to 455 days 7.25% 6.75%
456 days to less than 2 years 7.50% 6.75%
2 years to less than 3 years 7.50% 6.50%
3 years and up to 10 years 7.00% 6.00%


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