State Bank of Hyderabad is a nationalized bank, which is setting up branches in some really important cities of India. It is amongst the five associate banking partners of State Bank of India, to establish better grip or control over cities and states, with limited presence of State Bank of India branches.
Expansion and growth oriented
Originally designed to serve the people in Hyderabad, the Bank is growing swiftly, due to the quality of service and trust of the customers, as well as investors. Fixed deposits are one of the most common long term investment schemes in India. There are a lot of flexible fixed deposit schemes offered by State Bank of Hyderabad for different people, based on age, amount and tenure.
The interest rates for fixed deposits are certainly not the best in the banking industry, but at the same time, they are extremely competitive and offer solid competition to public and private sector banks. The Telangana operated (head office) bank has interest rates inspired from the interest rates of State Bank of India. Below rates are effective from 22 Feb, 2016.
Time period and current interest rates on Fixed deposit by SBH are given below (domestic deposit):
|Time Period||Below 1 crore|
| Above 50 crores|
|7-45 days||6.00||6.00||6.00||6.00||Contact Branch|
|180 days – 1 year||7.50||7.50||7.50||7.50||*|
SBH kuber – 400 days deposits ( below 1 crore only):
|Public||Senior citizens||Staff||Senior citizen staff|
SBH tax save scheme ( maximy 1.5 lacs only):
|Period||Rate of interest|
NRE Deposit Rates:
|Maturity Range||Below 1 crore||1-10 crore||above 10 crore|
NRO deposite rates:
|Period||Below 1 crore||1-10 crore||Above 10 crore|
|180 days – 1 year||7.50||6.75||6.50|
Table updated: 2 April, 2016
- For deposit amount above 10 crore, you have to take approval from head office.
- There shall be no penalty for closing deposits after 7 days in case of domestic and NRO deposits.
- Premature withdrawals are not allowed under tax saver deposit.
- No interest will be paid for closing deposits before 1 year in case of NRE deposits.