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State Bank of Mysore Interest Rates on FD, Mar 2017

Last Updated 24th Mar 2017

Fixed Deposit Interest Rate of State Bank Mysore

Tenure General Rates Senior Citizen Rates
7 days to 45 days 5.50% 6.00%
46 days to 90 days 6.50% 7.00%
91 days to 179 days 6.50% 7.00%
180 days to 210 days 6.50% 7.00%
211 days to 364 days 6.50% 7.00%
365 days to 455 days 6.90% 7.40%
456 days to 1 year 364 days 6.75% 7.25%
2 years to 2 years 364 days 6.75% 7.25%
3 years to 4 years 364 days 6.50% 7.00%
5 years to 10 years 6.50% 7.00%
State Bank of Mysore FD Maturity Calculator

State Bank of Mysore FD Interest Rates

  • State Bank of Mysore offers FD interest rates upto 7.00% per annum.
  • Interest on deposits with State Bank of Mysore is typically compounded quarterly.
  • State Bank of Mysore accepts deposits starting at Rs. 1000 for various tenures.
  • For senior citizens (age more than 60 years), State Bank of Mysore offers higher interest rate over and above rates mentioned below.

State Bank of Mysore Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdrawal your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, State Bank of Mysore pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against State Bank of Mysore FD

  • State Bank of Mysore offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

State Bank of Mysore Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with State Bank of Mysore, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of State Bank of Mysore in your city

About State Bank of Mysore

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