SBI’s Fixed Deposit Interest Rates (2009)

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sbiIntroduction

India’s largest bank SBI reduced its fixed deposit interest rates. If you are an investor, nowadays parking the money in FD is not an good option because of the low interest rates.

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In the recent days many of the banks started reducing the interest rates on the fixed deposit schemes. This article presents the latest interest rates for SBI fixed deposit. Not only banks, companies like Mahindra Finance and Tata Motors also reduced the interest rates. Read the comparison article on Tata Motors and Mahindra Finance. I will keep updating the latest fixed deposit interest rates in this blog. If you have any doubts on the fixed deposit, please post it in the comments section. To get the latest news on fixed deposit and other financial news, please subscribe to our future articles here.

SBI Fixed Deposit Interest Rates

State Bank Of India(SBI) has revised its interest rates on Term Deposits on 15.06.2009. The new rates are lower than the previous rates.

Interest Rates for Deposits below Rs. One Crore

(% p.a.)

Tenors

Existing w.e.f. 18.5.2009

Revised w.e.f. 15.06.2009

15 days to 45 days

3.25

3.00

46 days to 90 days

4.25

4.00

91 days to 180 days

5.50

5.25

181 days to less than 1 year

6.50

6.25

1 year to less than 2 years

7.25

7.00

2 years to less than 1000 days

7.50

7.25

1000 days

7.75

7.50

1001 days to less than 3 years

7.50

7.25

3 year to less than 5 years

7.50

7.25

5 years to less than 8 years

8.00

7.75

8 years and up to 10 years

8.25

8.00


Premature Payment of Term Deposits:

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

Update: SBI cuts Term Deposit Interest Rates

Note: Interest rates for the fixed deposit will be updated when the banks announcing publicly. To get the updated rates through email please subscribe to free newsletter here.

Summary

I hope this article is useful to know the latest interest rates for the SBI fixed deposit. I would like to answer all your queries related to the fixed deposit. Please post it in the comments section. To get the updated information on fixed deposit interest rates, subscribe to our email service here. Thank you for reading this article.

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56 Responses to “SBI’s Fixed Deposit Interest Rates (2009)”

  1. Rahul Says:

    Hi Krishna,

    As you have mentioned in your previous reply to user query, that the Form 15G/15H has to be provided to the bank for that financial year. What happens is the FD is opened and getting matured in two financial year.? Do we have to provide two form for 2 financial years?

    Example: suppose I have an FD for 8 lacs opened for 1 year on date 27/12/2008 and maturity on 27/12/2009. The interest income is more than 10000 so I have submitted only 1 form. Will this form be for financial year 2008 /2009? Do I have to submit 2 form for each year ?
    Hope you understand my question and will reply ASAP

    Thanks
    Rahul

    Reply

  2. krishnas Says:

    Yes..you have to submit for each year.

    Thanks,
    Krishna

    Reply

  3. Dhruvil bhatt Says:

    hi
    i want to know whether it is compulsory to open saving account or any account before in the bank in which i want to make fixed deposit. e.g if i want to make FD in SBI than is it mandatory to have a any account in SBI at the time of making FD. Reply me as early as possible.

    Thankin you,

    yours faithfully

    dhruvil bhatt

    Reply

  4. Tarakeswara Rao Says:

    i want fixed deposit the some of amout for me daughter,so which one i want to take pl.guide me.

    Reply

  5. Raja das Says:

    I am planning to invest money in SBI.Can any one advise me which one is the correct product to invest.

    Reply

  6. Sudarshan A.C Says:

    I want to deposit some amount in fixed deposit in my daughter name
    who is minor for a period of 5 year so please suggest me.

    Reply

  7. sanjeev nagpal Says:

    what is the difference between saving plus account and premium saving account

    Reply

  8. raghu Says:

    if i invested a fixed deposit 100000.00 for the period of 5 years. after 5year how much i will get in sbi.can you please tell me

    Reply

  9. sriranjani Says:

    Sir,
    I want to know whether it is compulsory to open saving account or any account before in the bank in which i want to make fixed deposit. I would like to deposit an amount of Rs.200000.00 as FD in SBI. what is the interest i get at the end of 3 years. please reply.

    Reply

  10. K.Shirisha Says:

    Dear SBI and Website managers,

    A number of people across are eager to have the details for the amount they fix in fixed deposits and the final sum assured after the term maturity. Why not a simple application is embedded which calculates the interest and the final amount he will get after maturity, depending upon principle value, interest rate applicable and time duration.
    Thanking you in anticipation.
    K.Shirisha

    Reply

  11. Raghav Says:

    I LIKE TO KNOW HOW MUCH INTERSET WILL I GET IF I DEPOSIT ONE LAC FOR 3 MONTHS

    Reply

  12. Abhishek Singh Says:

    Dear Sir,

    I want to invest 100000 one lac rs in SBI ,CAN tell me the how can i get the higher profit in FD, or in Some other procdre plz tell me ,

    With Regards
    Abhishek Singh

    Reply

  13. C.Joseph Says:

    Pls let me know SBI banks’s interest rate for deposit of Sr cititizen
    5 Year term
    Thanks

    Reply

  14. vinod sahni Says:

    i want to invest 1500000 for 3-5 years @9.5% pl give me the detail of scheme

    Reply

  15. sidharth Says:

    If I deposit 1 crore rupees in a fixed deposit and I need the interest every month. How much will I get? plz let me know soon.
    sidharth

    Reply

  16. mujeeb Says:

    Hi. I want to invest 2 lacs rupees in a fixed deposit for one year, what will be the income tax.

    Reply

  17. akbar ali Says:

    Please let me know the FD rate of interest details for babies.
    Is there any FD scheme is available for new born female baby? give me the details.

    Reply

  18. SHIVRAJ GUPTA Says:

    The Court made a fixed deposit for specific 45 days of Rs 1.98 crores in 2009. Thereafter there was no direction to SBI to renew it further.
    The money was lying withg the SBI branch for over 290 days.
    The Bank has paid me interest calculated at 45 days interest and its auto renewal.

    My contention is that the Bank should pay me interest for 290 days at the interest applicable for that period and NOT at the rate applicable for 45 days or its auto renewal.

    Pl clarify.

    Reply

  19. ramesh Says:

    I want to deposit some amount in fixed deposit in my daughter name
    who is minor for a period of 5 year so please suggest me.

    Reply

  20. S.N.Garg Says:

    Dear Sir,

    I had taken FDR’s for 1000 Days one and half year before. At that time I was not Senior Citizen.

    Now I am a Senior Citizen from dated 15.04.2010

    Now, whether on these FDR.s I am entitle to receive intrest at Higher Rate of Intresr, for Senior Citizen period.

    Thanks

    S.N.Garg

    Reply

  21. S.N.Garg Says:

    Dear Sir,

    I had taken FDR’s for 1000 Days one and half year before. At that time I was not Senior Citizen.

    Now I am a Senior Citizen from dated 15.04.2010

    Now, whether on these FDR’s I am entitle to receive intrest at Higher Rate of Intresr, for Senior Citizen period.

    Thanks

    S.N.Garg

    Reply

  22. MEENAKSHI GAUR Says:

    Hi

    I am planning to invest Rs. 1,00,000 in fixed deposit scheme.
    pls provide the interest rate and lock in period.

    Reply

  23. SUBODH KUMAR Says:

    Sir,

    Reply

  24. Deepa M Says:

    I am planning to invest Rs. 50,000 in fixed deposit for 100days. how much amount can i get and at what interest it should be calculate? can you send me the interest details.

    Reply

  25. rajesh singh Says:

    I am senior citizen planning to invest Rs. 1,00,000 in fixed deposit scheme.
    pls provide the interest rate and lock in period.

    Reply

  26. Yashwant Negi Says:

    Dear Sir Hi

    I am planning to invest Rs. 50,000 in fixed deposit scheme. for 5 years pls provide the interest rate and lock in period.

    Yashwant Negi
    Delhi
    9212916503

    Reply

  27. Mamta Negi Says:

    Dear Sir Hi

    I am planning to invest Rs. 50,000 in fixed deposit scheme. for 3 years pls provide the interest rate and lock in period.

    Mamta Negi
    9711585130

    Reply

  28. RAJESH Says:

    I am planning to invest Rs. 50,000 in fixed deposit for 100days. how much amount can i get and at what interest it should be calculate? can you send me the interest details.

    Reply

  29. sesh Says:

    i am planning to invest 10lakh in SBI , can any body say how much intrest i will get per annum and how much tax i need to pay

    Reply

  30. SKBirla Says:

    Should have published latest F.D. Rates in your website.

    Reply

  31. vara Says:

    Hi,

    I am planning to deposit 5 lacs in fixed deposit in my daughter’s name,who is minor for a period of 10years.Can I know how much i will get after 10 years.Please advice.

    Reply

  32. rajesh Says:

    Hi am rajesh;

    please let me know about the details if i put 200000 in sbi fixed deposit for 2 years.. how much amount i can get after 2 years.. clearly. please send details to my mail id kkd_raj2yahoo.co.in

    Thanking you
    Rajesh

    Reply

  33. mukka suresh Says:

    Pls let me know SBI banks’s interest rate for deposit

    Reply

  34. pratap chandra sahoo Says:

    i want to invest 50000 in fixed deposite for 100 days .please give interest rate details and how to fixed deposite online.

    Reply

  35. anilkumar Says:

    hai,this is Anil,i was searching for money deposit in every month in the sbi bank like as a fixed deposit in the period of 3 years,every month i can deposit 1200.it is possible to deposit,its possible after 3 years how much got the return amount

    Reply

  36. Shatu Boro Says:

    Hi, am Shatu Boro

    please let me know about the details because i already 30000 fixed deposit in bannerghatta road, billekahali branch on 18/03/2009. after 5 year how much i will get, please send the details to my email id – shatuboro23@yahoo.in. My SBI A/C No. 30714169157.

    thanking you

    Reply

  37. Priya Says:

    If i deposit Rs.50,000/- in SBI as fixed deposit what will i get after 5 years

    Reply

  38. mukesh Says:

    Planing to invested a 200000/- fixed deposit for 5 years in SBI bank what is interest i can get.

    Reply

  39. mukesh Says:

    Planing to invested a 100000/- fixed deposit for 5 years in SBI bank what is interest i can get.

    Reply

  40. gulshan kumar malik Says:

    i want to invest RS 100000.00(one lekh) for one to two yrs what intrest i iwll get on fixed deposit

    Reply

  41. gyogesh Says:

    iam panning to invested Rs 6lakh for 5-10 year Fixed Deposit In SBT bank. how can get intrest amount in each months & what is the intrest rate per month ?

    Reply

  42. Ramesh dhumal. Says:

    Planing to invested RS 100000.00(one lekh) fixed deposit for 5years in SBI bank what is interest i con get.

    Reply

  43. archana prabhune Says:

    i would like to tell all investors that instead of investing in just a FD in present senerio of falling interest rates, of any bank, go for a combination of LIC BIMA BACHAT and a FD. You need not invest money out of your pocket, but you get INSURANCE + GURANTEED Return of 8.5%.

    Reply

  44. prabir pal Says:

    Sir,
    I want to know whether it is compulsory to open saving account or any account before in the bank in which i want to make fixed deposit. I would like to deposit an amount of Rs.200000.00 as FD in SBI. what is the interest i get at the end of 3 years. please reply.

    Reply

  45. prabir pal Says:

    i want fixed deposit the some of amout for me daughter,so which one i want to take pl.guide me.
    .December 7th, 2009 at 6:03 am..Raja das said:
    I am planning to invest money in SBI.Can any one advise me which one is the correct product to invest.

    Reply

  46. p.saritha Says:

    IF I deposit Rs 200000/- in SBI as fixed deposit what will I get after 5 years. please send the details to my email id sarithaparvataneni@gmail.com

    Reply

  47. Shatu Boro Says:

    Hello Sir / Medam

    I would like to know i deposit Rs. 30000/- in SBI as fixed deposit 5 year in billekahalli branch in BANGALORE ( karnataka ) so let me know if my year is over so l can withdraw any state brunch bank or only where i deposit this fixed deposit sceame there only. so please send me details in my Email ID shatuboro23@yahoo.in

    Reply

  48. surya Says:

    Planing to invested a 100000/- fixed deposit for 1 year in SBI bank what is interest i can get.

    Reply

  49. Sudhakar Gajam Says:

    I want to invest Rs.1.00 lakh on my daughters please suggest me best things to invest for future of my daughter.

    Sudhakar Gajm

    Reply

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