State Bank of Mysore is a public sector bank and a subsidiary of State Bank of India. It offers a diverse range of banking services to its customers, including fixed deposit schemes at competitive interest rates and of different tenures, so that they have the flexibility to pick the one which suits their needs. These interest rates keep changing subject to the internal policies and the prevailing market rates.

State Bank of Mysore Short Term Fixed Deposit Rates

State Bank of Mysore offers an interest rate of 5.25% on short term fixed deposits, with tenure ranging between 30, 60 and 90 days. This attractive interest rate and short tenure makes the deposits a great option for investors looking for easy liquidity along with high return. The 120 day as well as 6 month scheme gets a high interest rate of 6.25% while that for a 9 month fixed deposit is 6.25%.

State Bank of Mysore Medium and Long Term Fixed Deposit Rates

The interest rate of fixed deposits of a tenure of 1 to 3 years is around 6.00%, while that on the tenure of 4 to 5 years is marginally lower at 6.00% so that it remains at par with that offered by other leading banks of the country.

sbm fixed deposit

In case of senior citizens, an additional 0.50% on FDs is offered over and above the regular rate of interest and this applies to deposits of tenure between 6 months and 5 years. The interest rate for short term FDs, however, remains the same for senior citizens too. Below interest rates are effective from 20 November, 2017.

State Bank of Mysore Fixed Deposit Interest Rates For Retail Domestic Term Deposits 2018:

TIME PERIODBELOW ONE CROREABOVE 1-10 CRORE
Interest Rate
(% per annum)
Senior Citizen Rates
(% per annum)
Interest Rate
(% per annum)
Senior Citizen Rates
(% per annum)
7 Days to 14 Days5.25%5.75%4.75%5.25%
15 Days to 30 Days5.25%5.75%4.75%5.25%
31 Days to 45 Days5.25%5.75%4.75%5.25%
46 Days to 60 Days6.25%6.75%4.85%5.35%
61 Days to 90 Days6.25%6.75%4.85%5.35%
91 Days to 180 Days6.25%6.75%4.85%5.35%
181 Days to 210 days6.25%6.75%4.85%5.35%
211 Days to 1 year6.25%6.75%5.00%5.50%
1 Year to 2 years6.25%6.75%5.25%5.75%
2 Years to 3 Years6.00%6.50%5.25%5.75%
3 Years to 5 Years6.00%6.50%5.25%5.75%
5 Years to 10 Years6.00%6.50%5.25%5.75%

State Bank of Mysore Fixed Deposit Interest Rates Above '10 Crore' 2018:

Maturity Period Interest Rate

(% p.a.)

Interest Rate for Senior Citizen

(% p.a.)

7 days to 45 days4.75%5.25%
45 days to 180 days4.85%5.35%
180 days to 210 days4.85%5.35%
210 days - 1 year5.00%5.50%
1 year - 455 days5.25%5.75%
455 days - 2 years5.25%5.75%
2 years to 3 years5.25%5.75%
3 years to 5 years5.25%5.75%
5 years to 10 years5.25%5.75%
5 years to 10 years5.25%5.75%

State Bank of Mysore NRO Fixed Deposit Rates 2018:

Time PeriodBelow 1 Crore (% p. a.)Above 1-10 Crore (% p.a)Above 10 Crore (% p.a)
7 days to 45 Days5.25%4.75%4.75%
46 days to 60 Days6.25%4.85%4.85%
61 days to 179 Days6.25%4.85%4.85%
180 days to 210 Days6.25%4.85%4.85%
211 Days - 1 Year6.25%5.00%5.00%
1 Year - 455 Days6.25%5.25%5.25%
456 Days - 2 years6.25%5.25%5.25%
2 years to 3 years6.00%5.25%5.25%
3 years to 10 years6.00%5.25%5.25%

State Bank of Mysore NRE Fixed Deposit rates 2018:

Time Period Below 1 crore (% p.a.)Above 1-10 Crore (% p.a.)Above 10 Crore (% p.a.)
1 Year - 455 Days6.25%5.25%5.25%
456 Days - 2 Years6.25%5.25%5.25%
2 years to 3 Years6.00%5.25%5.25%
3 years to 5 Years6.00%5.25%5.25%
5 years to 10 Years6.00%5.25%5.25%

Table Updated: 20 January, 2018

Important Notes:

  • Senior Citizens will be eligible for 0.50% extra interest on all deposits.
  • 6.25% interest rate will be given under SBM tax saver deposits.
  • No interest will be paid for withdrawing money before 1 year in case of NRE deposits.