Recently, we have posted quick review post on state bank of India Fixed deposit interest rates. After a quick analysis, I have found that the State bank of India offers low interest for a short term of deposit.

Even Punjab national bank FD rates is better than State bank of India for short term deposits. State bank of Patiala is another Indian govt sector bank which provides good interest rates for both saving and fixed deposit account. Below rates are effective from 28 November 2018.

state bank of patiala fd interest rates
SBI Fixed Deposit Interest Rates For Retail Domestic Term Deposits ( Revised 28 November 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 Days5.75%6.25%5.75%6.25%
15 Days to 30 Days5.75%6.25%5.75%6.25%
31 Days to 45 Days5.75%6.25%5.75%6.25%
46 Days to 60 Days6.25%6.75%6.25%6.75%
61 Days to 90 Days6.25%6.75%6.25%6.75%
91 Days to 180 Days6.25%6.75%6.25%6.75%
181 Days to 210 days6.35%6.85%6.35%6.85%
211 Days to 1 year6.40%6.90%6.40%6.90%
1 Year to 2 years6.80%7.30%6.70%7.20%
2 Years to 3 Years6.80%7.30%6.75%7.25%
3 Years to 5 Years6.80%7.30%6.80%7.30%
5 Years to 10 Years6.85%7.35%6.85%6.35%

Sbi Fixed Deposit Interest Rates Above '10 Crore' ( Revised 30 July 2018):

Maturity Period Interest Rate

(% p.a.)

Interest Rate for Senior Citizen

(% p.a.)

7 days to 45 days5.75%6.25%
45 days to 180 days6.25%6.75%
180 days to 210 days6.35%6.85%
210 days - 1 year6.40%6.90%
1 year - 455 days6.70%7.20%
455 days - 2 years6.70%7.20%
2 years to 3 years6.75%7.25%
3 years to 5 years6.80%7.30%
5 years to 8 years6.85%7.35%
5 years to 10 years6.85%7.35%

SBI NRO Fixed Deposit Rates ( Revised 28 November 2018) :

Time PeriodBelow 1 Crore (% p. a.)Above 1-10 Crore (% p.a)Above 10 Crore (% p.a)
7 days to 45 Days5.75%5.75%5.75%
46 days to 60 Days6.25%6.25%6.25%
61 days to 179 Days6.25%6.25%6.25%
180 days to 210 Days6.35%6.35%6.35%
211 Days - 1 Year6.40%6.40%6.40%
1 Year - 455 Days6.80%6.70%6.70%
456 Days - 2 years6.80%6.70%6.70%
2 years to 5 years6.80%6.80%6.80%
5 years to 10 years6.85%6.85%6.85%

SBI NRE Fixed Deposit rates ( Revised 28 November 2018) :

Time Period Below 1 crore (% p.a.)Above 1-10 Crore (% p.a.)Above 10 Crore (% p.a.)
1 Year - 455 Days6.80%6.70%6.70%
456 Days - 2 Years6.80%6.70%6.70%
2 years to 3 Years6.80%6.70%6.75%
3 years to 5 Years6.80%6.80%6.80%
5 years to 10 Years6.85%6.85%6.85%

Important notes:

  • SBP provides 4% interest rates in saving accounts for both Domestic and Non-Resident Accounts.
  • .50% additional interest available for senior citizens ( Only for above 1 year deposit account).

10 Comments

  1. Please update your interest rate on Google . It’s not appreciable . When I visited your Branch in yamuna nagar different rates were displayed .its do not up to date , people in IT sector of Bank should also change

    • Our website doesn't belong to any bank or financial institution..interest rates keep changes time to time... we provide official link end of the post for confirmation... Thank you..

  2. Please update your interest rate on Google . It's not appreciable . When I visited your Branch in Ludhiana different rates were displayed . With change in technology , people in IT sector of Bank should also change 🙂

  3. Please send me fixed deposit interest rates notifications for senior citizens. my a/c no.55097349574.

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